Lumentum (NASDAQ:LITE) Falls 9.09% as Photonics Sector Sells Off
Lumentum dropped 9.09% on July 2 alongside Coherent and Applied Optoelectronics in a broad photonics sector reset. Here is what happened.
Lumentum Holdings Inc. (NASDAQ: LITE) is a technology company, listed on the NASDAQ. Alpha Stocks Insight has published 3 articles on LITE since May 11, 2026, most recently "Lumentum (NASDAQ: LITE) Q4 FY2026: Revenue Doubles YoY to $1.01B, Guides Q1 to $1.25B Midpoint" on Tuesday, August 11, 2026. Coverage to date spans Technology and Earnings Report, tracking LITE's earnings, analyst activity, and material corporate events. New coverage is added each trading day.
Price
$988.98
Today
+1.07%
Mkt Cap
$88.7B
52W High
$1,085.68
52W Low
$144.52
Data via Finnhub · refreshes hourly · not financial advice
Lumentum posted $1.01B in Q4 revenue, up 109.3% YoY, with adjusted EPS of $3.23 beating the $3.03 consensus as AI optical demand accelerates.
Lumentum dropped 9.09% on July 2 alongside Coherent and Applied Optoelectronics in a broad photonics sector reset. Here is what happened.
Optical networking specialist soars 12.75% on Monday as it joins the Nasdaq-100 index following a 1,230% run.
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Important Legal Disclaimer: This is for informational purposes only and is not financial, investment, or tax advice. Past performance is no guarantee of future results. We are not licensed advisors. For Swiss residents: This does not constitute a public offer under FINSA. For EU residents: Not MiFID II compliant advice. For US residents: Not SEC-registered advice. Always consult a qualified professional. Investing involves risk of loss.