Lumentum Holdings gains after upbeat Q1 revenue forecast

Fabrinet

12/08/2026 12:54

Updates
** Photonic product maker Lumentum Holdings LITE.O shares gain more than 8% to $887.80 in premarket trading
** LITE forecast first-quarter revenue above analysts' expectations and beat fourth-quarter estimates
** Co also posted Q4 revenue of $1.01 billion vs analysts' average estimate of $987.9 million; while adjusted EPS was $3.23, beating the estimate of $2.97 - LSEG-compiled data
** Shares of optical technology firms Viavi Solutions VIAV.O and Fabrinet FN.N climb 2.4% and 3.3%, respectively
** Maker of optical-technology Coherent COHR.N gains 6.2% and fiber-optic networking products maker Applied Optoelectronics AAOI.O rises 4%
** Earnings beat was driven by strong demand for co's optical components that are critical for AI infrastructure
** Twenty-three of 27 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $1,136.15, according to data compiled by LSEG
** Up to last day's close, the stock is up 122.6% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))