Lumentum (LITE) Climbs 10% Ahead of Upcoming Earnings

We recently published 10 Stocks Breaking Records While Wall Street Bleeds. Lumentum Holdings Inc. (NASDAQ:LITE) was one of the top performers on Tuesday.

Lumentum saw its share prices jump by 10.05 percent on Tuesday to close at $356.83 apiece as investors loaded portfolios ahead of the results of its earnings performance for the past quarter.

According to the company, it is scheduled to announce its financial and operating highlights for the second quarter of 2026 after market close on Tuesday, February 3, 2026. A conference call will be held to discuss the results.

Earnings aside, Lumentum Holdings Inc. (NASDAQ:LITE) showcased its next-generation ultrafast and UV and 3D laser platforms—PicoBlade Core, NQ-series, and 3D Sensing VCSELs—at the ongoing three-day SPIE Photonics West 2026 conference in San Francisco, California. The new products were designed to meet the growing precision, throughput, and reliability demands of advanced manufacturing and sensing applications.

According to Lumentum Holdings Inc. (NASDAQ:LITE), PicoBlade Core is an ultrafast laser platform capable of delivering up to 150 watts of average power with sub-12 picosecond pulses and integrated multi-wavelength output in a compact, unified design. It enables high-throughput, precision micromachining for printed circuit boards, battery cells, solar cells, and consumer electronics applications.

Meanwhile, the NQ-series delivers up to 500 µJ pulse energy of UV light at rates up to 60 kHz. It is designed for high-throughput micromachining and brings exceptional beam quality and reliability to address next-generation processing challenges.

Lastly, Lumentum Holdings Inc.’s (NASDAQ:LITE) 3D Sensing VCSEL offers a broad portfolio of solutions supporting 3D sensing across a wide range of industrial and consumer applications. Its scalable and high-volume manufacturing ensures consistent performance, high reliability, and power efficiency for use cases including depth sensing, object detection, and driver assistance systems.

While we acknowledge the potential of LITE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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