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News  ›  The Motley Fool

Why Lumentum Holdings Stock Skyrocketed by Nearly 24% on Wednesday

The Motley Fool Logo The Motley Fool By Eric Volkman
Why Lumentum Holdings Stock Skyrocketed by Nearly 24% on Wednesday

Lumentum Holdings reported strong Q1 fiscal 2026 earnings, beating analyst estimates with 58% revenue growth and 36% net income increase, leading to a significant stock price surge.

Insights
LITE   positive

Company exceeded revenue and earnings expectations, showed strong momentum across data center and interconnect markets, and provided optimistic forward guidance that was higher than analyst projections