Lumentum (LITE): JPMorgan Pushback Helps Keep the AI Optical Networking Case Intact
Key takeaways
- Lumentum (LITE): JPMorgan Pushback Helps Keep the AI Optical Networking Case Intact Habib Ur Rehman Mon, June 15, 2026 at 2:30 AM GMT+7 1 min read LITE JPM Lumentum Holdings Inc.
- The bull case has also been supported by Lumentum’s operating momentum.
- (NASDAQ:LITE) is an optical and photonic technology company headquartered in San Jose, California.
Lumentum (LITE): JPMorgan Pushback Helps Keep the AI Optical Networking Case Intact Habib Ur Rehman Mon, June 15, 2026 at 2:30 AM GMT+7 1 min read LITE JPM Lumentum Holdings Inc. (NASDAQ:LITE) is one of the best AI networking stocks to buy according to analysts. On June 11, JPMorgan reiterated an Overweight rating on the stock and maintained its price target after a recent pullback in optical networking names. The firm argued that investor concerns around co-packaged optics adoption were overdone, a useful signal for a company increasingly tied to the optical layer of AI data centers.
The bull case has also been supported by Lumentum’s operating momentum. On May 5, the company reported fiscal third-quarter 2026 revenue of $808.4 million, up 90.1% year over year. Non-GAAP operating margin expanded to 32.2%, while non-GAAP diluted earnings per share rose to $2.37 from $0.57 a year earlier. Management said strength in laser chips and scale-across components helped the quarter, and pointed to co-packaged optics and optical circuit switches as future drivers of earnings power.
Lumentum Holdings Inc. (NASDAQ:LITE) is an optical and photonic technology company headquartered in San Jose, California. Its lasers, modules, and optical subsystems support AI infrastructure, cloud computing, data center connectivity, telecom networks, industrial manufacturing, and sensing applications.