Lumentum (LITE) Soars 11% Ahead of Earnings

We recently published 10 Stocks With Eye-Popping Double-Digit Gains; 4 Hit All-Time Highs. Lumentum Holdings Inc. (NASDAQ:LITE) was one of the top performers on Tuesday.

Lumentum rebounded by 11.31 percent on Tuesday to finish at $397.42 apiece as investors loaded portfolios in preparation for its earnings performance in the second quarter of fiscal year 2026.

In an update on Monday, Lumentum Holdings Inc. (NASDAQ:LITE) said that it is scheduled to release its financial and operating highlights for the period covering October to December after market close on February 3. A conference call will be held to discuss on the results.

For the said period, Lumentum Holdings Inc. (NASDAQ:LITE) was looking to rake in revenues between $630 million and $670 million, with non-GAAP diluted earnings per share of $1.30 to $1.50, and non-GAAP operating margin of 20 to 22 percent.

In the first quarter of the year, Lumentum Holdings Inc. (NASDAQ:LITE) swung to a net income of $4.2 million from a $82.4 million net loss in the same period last year. Revenues jumped by 58 percent to $533.8 million from $336.9 million year-on-year, hitting the high end of its previous guidance.

Lumentum is one of the leading designers and manufacturers of innovative optical and photonic products enabling optical networking and laser applications worldwide. Its components and subsystems are part of virtually every type of telecom, enterprise, and data center network.

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Disclosure: None. This article is originally published at Insider Monkey.