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Lumentum jumps after bright Q2 revenue forecast, Q1 results beat

ReutersNov 5, 2025 10:25 AM

Shares of optical and photonic products maker Lumentum LITE.O jump 16.3% to $219.1 premarket

LITE forecasts Q2 revenue in the range of $630 mln-$670 mln, above analysts' average estimate of $560.2 mln, according to data compiled by LSEG

Reports Q1 revenue of $533.8 mln, beating estimates of $525.4 mln; adj. EPS of $1.1 also tops estimates

At least two brokerages raise PT on stock post results

16 of 20 brokerages covering the stock rate it "buy" or higher and four "hold"; the median PT is $180

As of last close, LITE shares have more than doubled in 2025

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