24H | Lumentum Stock Soars 6% as It Sees AI Filling Orders Through 2028

TigerApr 10, 2026 5:00 AM

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Lumentum Holdings Inc. announced that demand from US hyperscale companies for its optical components is rapidly increasing, with its order book now projected to be full through the year 2028.

Lumentum stock rose more than 6% in overnight trading.

The company, which counts Nvidia Corp. as an investor and has seen its Nasdaq-listed shares surge over 1,500% in the past year, is expanding its operations as fast as possible yet continues to struggle to keep up with customer demand.

Chief Executive Officer Michael Hurlston stated that the capital expenditure figures from US hyperscalers are massive and show no signs of slowing down. He noted that the company is falling increasingly behind demand and could be completely sold out for the rest of 2028 within just two quarters.

Hurlston added that the San Jose, California-based firm is converting older electronics manufacturing facilities where feasible, a strategy that has cut the time needed to bring a new factory online by half compared to constructing a new one. In Japan, the company is planning new investments of $100 million, with that figure expected to grow to approximately $250 million.

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