Lumentum's stock dropped 10%, leading a broader 7% selloff in AI optics stocks like Applied Optoelectronics and Coherent, despite having a fully booked order book through early 2029. This decline highlights a sector-wide selloff rather than company-specific issues, as demand remains strong and capacity is sold out. Lumentum's high valuation and recent price surge likely contributed to the sharp pullback. Investors should watch if Lumentum can convert its booked orders into revenue as guided, with current-quarter revenue expected between $1.225 billion and $1.275 billion.
As of Oct 13, 2026 00:02 WIB, Lumentum (LITE) shares are trading at USD 987.99 on Pluang, down 10.46% for the day, closely matching the reported selloff. Applied Optoelectronics (AAOI) and Coherent (COHR) also declined on Pluang by 8.42% and 8.82% respectively, with AAOI priced at USD 100.41 and COHR at USD 285.04. The sector's sharp drop is reflected in these significant losses, with Lumentum's market cap near $99.95 billion standing out as the largest among them.
Lumentum Holdings is experiencing accelerating revenue growth and expanding profit margins, fueled by its premium product lineup and improved operational efficiencies. The company's Systems segment is outperforming its Components segment, led by inno...
Lumentum Holdings faces recent stock declines amid market volatility, but its fundamentals remain strong with sold-out manufacturing capacity through early 2029. The company benefits from growing adoption of advanced optical technologies in AI networ...
Lumentum is experiencing a surge in demand driven by high-speed optical networking's critical role in AI data centers, facing supply shortages for some products through next year. This demand-supply gap supports higher profit margins through fiscal 2...
Lumentum Holdings reported that strong demand from AI data centers has fully booked its production capacity through early 2029, causing supply shortages. The company expects to miss about 70% of demand for certain optical and laser components next ye...
Optical component makers like Lumentum, Applied Optoelectronics, and Coherent saw their stocks rise sharply after Lumentum announced its optical capacity is sold out through early 2029 due to high AI data center demand. This strong demand reverses re...
