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Lumentum Holdings Inc (NASDAQ:LITE) has been one of the top-performing stocks in 2026.
Lumentum Holdings reported a record Q3 revenue of $808.4 million, up 90.1% year-over-year.
KEY POINTS
- Gross margin improved by 540 basis points and operating margin by 700 basis points quarter-over-quarter.
- Q4 revenue guidance is $960 million to $1.01 billion, up nearly 100% year-over-year.
- Rosenblatt raised its Lumentum price target to $1,300, implying 43% further upside.
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