Added to YB: 2026-04-02
Pitch date: 2026-03-31
LITE [neutral]
Lumentum Holdings Inc.
+4.05%
current return
Author Info
No bio for this author
Company Info
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Market Cap
$46.8B
Pitch Price
$734.88
Price Target
1.3K (+90%)
Dividend
N/A
EV/EBITDA
173.47
P/E
200.17
EV/Sales
23.24
Sector
Communications Equipment
Category
growth
Lumentum: Nvidia Moment or Hype?
LITE (overview): Photonics leader providing optical interconnects for AI data centers. Nvidia invested $2B in strategic partnership. Rev grew 55% to $2.1B LTM driven by 200G laser chips (50-60% market share), OCS switches ($400M backlog), & CPO engines. Q2 rev $665.5M (+65.5% YoY), GAAP EPS $0.89 vs -$0.88 prior yr. Q3 guide $780-830M (+83-95% YoY), 30%+ op margin. Analysts project 47.4% rev CAGR to $6.4B by 2028. Stock +1,027% past year to $703 (~50B market cap). Model assumes 45% rev CAGR, 40% op margin, 40x exit multiple → $1,338 PT by 2030 (93% upside), but discounted back at 16% yields $661 FV (8% overvalued vs $718 current price). Rich valuation requires astronomical growth to justify. Bulk of gains already made.
Read full article (14 min)