Lumentum Holdings Inc. (LITE) Stock

Lumentum Holdings Inc. (LITE) is a Technology stock trading at $878.14 (as of 2026-08-20), with a market capitalization of $78.77B and a trailing P/E of 431.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Lumentum Holdings Inc. manufactures and sells optical and photonic products across the Americas, Asia-Pacific, Europe, the Middle East, and Africa. It operates through Optical Communications, offering fiber-optic transmission components and modules, and Commercial Lasers, serving customers with laser products and related subsystems.

Understand Lumentum Holdings Inc.: how it makes money

Lumentum Holdings makes and sells optical and photonic products, including components and modules that enable high-capacity fiber optic transmission (Optical Communications) and commercial laser products (Commercial Lasers).

Most of the profit engine is Optical Communications demand for network transmission equipment, since OpComms provides the fiber transport components and subsystems (for video, audio, and data) that buyers need to upgrade and move more traffic over high-capacity fiber.

Revenue by segment (latest quarter)
OpComms$0.8B
Lasers$0.1B

Business quality (Solid): Clear two-segment structure (Optical Communications and Commercial Lasers) and consistent operating margins provided, but the provided segment-level revenue details are limited, so mix and trajectory are harder to quantify precisely.

Valuation: At 150× earnings, LITE trades 192% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • Optical Communications sells tunable and transport-focused optical components (tunable transponders, transceivers, transmitter modules, and related products) used to carry video, audio, and data over high-capacity fiber optic cables: If network capacity buildouts and upgrades continue, Optical Communications can remain the main revenue driver.
  • The business is split into two reportable segments (OpComms and Lasers): A weaker demand environment in one segment may be partially offset by the other segment, depending on end-market conditions.

Bear case

  • Optical Communications products are tied to how much traffic is transmitted over high-capacity fiber optic networks: If customer spending on fiber transport equipment slows, revenue for OpComms can be pressured.
  • Commercial Lasers is the smaller reportable segment in the provided data: When lasers demand softens, the business has less segment scale to offset weakness versus Optical Communications.
Valuation — source: SEC EDGAR (first-party)
Price$878.14
Market Cap$78.77B
P/E Ratio431.6
EV / EBITDA241.9
Price / Book16.96
Price / Sales32.38
FCF Yield-0.0%
DCF Value (model)$42.38
DCF Upside vs Price-95.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.01B
Net Margin-230.1%
Revenue Growth (YoY)83.2%
EPS Growth (YoY)-24563.2%
FCF Growth (YoY)-386.6%
Financial Health — source: SEC EDGAR
Altman Z-Score17.18 (safe)
Valuation vs Sector & Industry
Stock P/E431.6
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
vs Sector1172.1%
vs Industry995.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($5.51B)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorTechnology
IndustryElectronic Equipment
CEOMichael E. Hurlston
Employees7,257
CountryUS
IPO Date2015-07-23

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LITE earnings history · LITE institutional & insider holders · LITE KPIs & operating metrics · LITE financials · LITE investor presentations & press releases · LITE SEC filings · LITE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.