InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$824.13

2026-10-16

Market Cap

$74.7B

Volume

4.2M

52-Wk High

$1143.00

52-Wk Low

$152.54

Trailing PE

-8.9

P/S

24.77

Gross Margin

41.7%

Net Margin

-230.1%

ROE

-300%

ROIC

8%

Piotroski

5/9

Altman Z

12.8

1-Yr Return

+404.9%

5-Yr Return

+1275.8%

Lumentum Holdings Inc., established in 2015 and headquartered in San Jose, California, is a global leader in optical and photonic product manufacturing. The company's reach extends across the Americas, Asia-Pacific, Europe, the Middle East, and Africa. Lumentum operates through two principal business units: Optical Communications (OpComms) and Commercial Lasers. The OpComms segment develops and supplies components, modules, and subsystems essential for transmitting video, audio, and data across high-capacity fiber optic networks. Its offerings encompass a wide range of products, including tunable transponders, transceivers, and transmitter modules, alongside various tunable lasers, receivers, and modulators. Furthermore, this segment provides critical transport products such as reconfigurable optical add/drop multiplexers (ROADMs), optical amplifiers, and optical channel monitors. A comprehensive suite of components is also available, featuring 980nm, multi-mode, and Raman pumps; switches; attenuators; photodetectors; gain flattening filters; isolators; wavelength-division multiplexing (WDM) filters; arrayed waveguide gratings (AWGs); multiplex/de-multiplexers; and integrated passive modules. Distinctive innovations from this segment include the Super Transport Blade, which integrates multiple optical transport functions into a single unit; vertical-cavity surface-emitting lasers (VCSELs); directly modulated and electro-absorption modulated lasers; and advanced laser illumination sources for 3D sensing systems. OpComms serves key clientele in the telecommunications, data communications, consumer, and industrial markets. Conversely, the Commercial Lasers segment produces an array of laser technologies, such as diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers. These are primarily utilized in original equipment manufacturer (OEM) applications. This segment's laser solutions cater to a broad spectrum of markets and uses, including sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining.

SectorTechnologyIndustryCommunication EquipmentExchangeNASDAQMarket Cap$74.7BEmployees13,757 (SEC-filed)CEOMichael E. HurlstonIPO2015-07-23CountryUS

1001 Ridder Park Drive, San Jose, CA 95131 · Tel 408 546 5483 · lumentum.com

INSIDERSTREET SCORE45 / 100Street mean $1087.56 (9 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$133M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · LITE +404.9% · S&P 500 +15.9% · spread +389.0pp

7 Years vs S&P 500 · LITE +1275.8% · S&P 500 +189.9% · spread +1086.0pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

INSIDERSTREET
SCORE45of 100

Score Breakdown

Profitability	30/100
Growth	52/100
Momentum	50/100
Quality	46/100
Earnings Quality	25/100
Balance Sheet	0/100
Value	19/100
Risk (safety)	100/100
Overall	44.9/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
MSI	66
CIEN	75
UI	85
ZBRA	63
CSCO	72
VIAV	31
LITE	45

IS Score Trend — quarterly

16 quarters, 23 Q1 to 26 Q4. Peak 65 in 26 Q3, latest 45 — -20 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY45 / 100IS Score 44.9 / 100 · -20.3 from peak of 65

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 28 / 100 · Power -44 · 3 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit below the midpoint — business quality at 45 and price structure at 28 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 44.9	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 48 → 57 → 65 → 45	the direction matters more than the level
Technical vote share back above 50%	now 27%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,320 → now 1,320	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)3 buys2026-05-22

Insider Buys (180d)0none disclosed

ETF Funds (30d)1541 up / 1089 downnet +452 funds

Institutions Added (13F)233managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,320 · latest 1,320 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,320	83.3M	$69.3B	111.6%
2026 Q1	1,087	77.2M	$52.8B	103.5%
2025 Q4	754	80.1M	$29.1B	107.3%
2025 Q3	587	79.4M	$12.7B	106.5%
2025 Q2	484	84.4M	$7.9B	113.2%
2025 Q1	420	81.5M	$5.0B	109.2%
2024 Q4	449	74.8M	$6.2B	100.2%
2024 Q3	382	73.9M	$4.6B	99.0%
2024 Q2	375	76.0M	$3.9B	101.9%
2024 Q1	365	75.6M	$3.9B	101.4%
2023 Q4	356	71.7M	$3.7B	96.1%
2023 Q3	364	69.9M	$3.5B	93.7%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Ali Wajid	EVP & CHIEF FINANCIAL OFFICER	2026-10-01	SELL	24,542	$25.73M	75,074
Wupen Yuen	PRESIDENT, GLOBAL BUS. UNITS	2026-09-29	SELL	307	$0.29M	108,320
Wupen Yuen	PRESIDENT, GLOBAL BUS. UNITS	2026-09-28	SELL	500	$0.47M	108,627
Wupen Yuen	PRESIDENT, GLOBAL BUS. UNITS	2026-09-25	SELL	500	$0.47M	109,127
Wupen Yuen	PRESIDENT, GLOBAL BUS. UNITS	2026-09-24	SELL	500	$0.46M	109,627
Wupen Yuen	PRESIDENT, GLOBAL BUS. UNITS	2026-09-23	SELL	500	$0.47M	110,127
Wupen Yuen	PRESIDENT, GLOBAL BUS. UNITS	2026-09-22	SELL	500	$0.47M	110,627
Wupen Yuen	PRESIDENT, GLOBAL BUS. UNITS	2026-09-21	SELL	500	$0.48M	111,127

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	126	146,058	$133.1M	Counted
F — Tax withholding	27	185,054	$173.3M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$133.1M126 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-10-01	Wajid Ali	24,542	$25.7M
2026-09-29	Wupen Yuen	307	$0.3M
2026-09-28	Wupen Yuen	500	$0.5M
2026-09-25	Wupen Yuen	500	$0.5M
Trailing 12 mo	63 filings	238,035	$163M

Filed	Form	Reporting person	% of class	Shares
2026-07-08	SCHEDULE 13G/A	Abigail P. Johnson	4.60%	3.6M sh
2026-05-14	SCHEDULE 13G/A	Capital World Investors	1.80%	1.3M sh
2026-05-06	SCHEDULE 13G/A	Abigail P. Johnson	10.40%	7.5M sh
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.35%	5.3M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-07-17	2026-09-07
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-07-17	2026-09-07
Gilbert Ray Cisneros	House	SELL	$1,001 - $15,000	2026-07-16	2026-09-07
Thomas R. Carper	Senate	BUY	$1,001 - $15,000	2021-11-26	2021-12-04
Thomas R. Carper	Senate	BUY	$1,001 - $15,000	2021-11-26	2021-12-03
Thomas Richard Carper	Senate	BUY	$1,001 - $15,000	2021-11-26	2021-12-03

House 12-Mo8 trades5 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,087

13F Shares77M103.5% of shares out

New / Closed429 / 81positions, QoQ

Increased / Reduced280 / 323positions, QoQ

Put/Call (13F)1.07option positions

Free Float98.3%89M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Assenagon Asset Management S.A.	77,043	$75M
Wealth Enhancement Advisory Servic	71,305	$73M
Congress Asset Management Co	71,116	$69M
Generate Investment Management Ltd	63,855	$62M
Artemis Investment Management Llp	61,938	$60M
Tema Etfs Llc	46,447	$45M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$2.8B
VTI	0.1%	$2.8B
VTSAX	0.1%	$2.8B
VSMPX	0.1%	$2.8B
VFINX	0.1%	$2.3B
VFFSX	0.1%	$2.3B

13F Filers Holding LITE — quarterly

Institutional Put/Call — quarterly

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session44.8%2026-10-15

20-Day Avg57.5%50-day 50.5%

TrendRising20d vs 50d

By Market CenterQ: 45% · N: 45% · B: 41%latest session

Weekly Notional ($B)

Where LITE Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	4.3M	40 sh
Ubsa Ubs Ats	4.2M	47 sh
Sgmt Sigma X2	3.0M	42 sh
Iats Ibkr Ats	2.3M	57 sh
Ebxl Level Ats	2.2M	25 sh
Mlix Instinct X	2.1M	58 sh

Where a dollar of Lumentum Holdings Inc. revenue goes. All values FY2026 filings, live.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Region	Revenue	Share
Asia Pacific	$1.8B	30%
Americas	$1.1B	19%
UNITED STATES	$628M	11%
THAILAND	$627M	11%
HONG KONG	$519M	9%
MEXICO	$444M	8%
CHINA	$285M	5%
Other Asia Pacific Not Individually Identified	$217M	4%
EMEA	$177M	3%
JAPAN	$105M	2%
Americas Excluding United States And Mexico	$13M	0%

LITE (live moat model)Peer median: MSI · CIEN · UI · ZBRA · CSCO

Component scores from the live moat model. Peer median illustrative.

Moat score 62/100 — Narrow; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Michael E. Hurlston	President, Chief Executive Officer & Director
Wajid Ali	Executive Vice President & Chief Financial Officer
Wupen Yuen	President of Global Business Units
Jae Kim	Senior Vice President, General Counsel & Secretary

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)6 of 6recent quarters

Avg Surprise+10.1%

Next Report2026-11-05

Income QualityN/Mloss-making — OCF ÷ net income not meaningful

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY22	FY23	FY24	FY25	FY26
Revenue	+0.0%	+3.2%	-23.1%	+21.0%	+83.2%
Gross profit	+0.0%	-27.8%	-55.8%	+82.9%	+173.1%
Operating income	+0.0%	-138.1%	+275.1%	-58.5%	-391.4%
Net income	+0.0%	-166.2%	+315.3%	-104.7%	-26876.4%

$B · FY ends	FY22	FY23	FY24	FY25	FY26
Revenue	1.7	1.8	1.4	1.6	3.0
Cost of revenue	0.9	1.2	1.1	1.2	1.8
Gross profit	0.8	0.6	0.3	0.5	1.3
R&D expense	0.2	0.3	0.3	0.3	0.4
SG&A expense	0.3	0.3	0.3	0.3	0.4
Operating income	0.3	-0.1	-0.4	-0.2	0.5
EBITDA	0.5	0.2	-0.1	0.1	-6.9
D&A	0.2	0.3	0.3	0.3	0.3
Pretax income	0.2	-0.1	-0.4	-0.2	-7.2
Income tax	0.0	0.0	0.1	-0.2	-0.2
Net income	0.2	-0.1	-0.5	0.0	-6.9
Diluted EPS ($)	2.68	-1.93	-8.12	0.37	-92.96
Diluted shares (M)	74	68	67	70	75

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Operating CF$1B

CapEx$0B

Free cash flow$0B

SBC$0B

Buybacks$0B

Net cash change$2B

Balance Sheet — Full

$B	FY23	FY24	FY25	FY26
Cash & equivalents	0.9	0.4	0.5	2.0
ST investments	1.2	0.5	0.4	0.7
Receivables (net)	0.2	0.2	0.2	0.5
Total current assets	2.8	1.6	1.7	4.2
PP&E (net)	0.6	0.6	0.8	1.2
Goodwill + intangibles	1.2	1.7	1.5	1.4
Total assets	4.6	3.9	4.2	7.3
Accounts payable	0.2	0.1	0.2	0.6
Short-term debt	0.3	0.0	0.0	1.6
Deferred revenue	0.0	0.0	0.0	0.0
Total current liabilities	0.6	0.3	0.4	2.5
Long-term debt	2.5	2.5	2.6	0.0
Total liabilities	3.3	3.0	3.1	2.7
Shareholders' equity	1.4	1.0	1.1	4.6

Cash Flow Statement — Full

$B	FY23	FY24	FY25	FY26
Net income	(0.1)	(0.5)	0.0	(6.9)
D&A	0.3	0.3	0.3	0.3
Stock-based compensation	0.1	0.1	0.2	0.2
Working capital change	(0.1)	0.1	(0.3)	(0.3)
Operating cash flow	0.2	0.0	0.1	0.8
Capital expenditures	(0.1)	(0.1)	(0.2)	(0.5)
Investing cash flow	(0.9)	(0.1)	(0.1)	(0.8)
Buybacks	(0.2)	0.0	(0.0)	(0.1)
Dividends paid	0.0	0.0	0.0	0.0
Debt issuance / (repay)	0.5	(0.3)	0.1	(0.1)
Financing cash flow	0.3	(0.3)	0.0	1.6
Free cash flow	0.1	(0.1)	(0.1)	0.3

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
PROFITABILITY
ROE	10.3%	-8.1%	-56.7%	2.5%	-240.0%	-300%
ROA	5.2%	-3.0%	-15.3%	0.6%	-120.3%	-94.9%
ROIC	20.3%	-3.6%	-12.9%	-5.0%	11.6%	7.9%
Gross margin	46.0%	32.2%	18.5%	28.0%	41.7%	41.7%
Operating margin	17.7%	-6.5%	-31.9%	-10.9%	17.4%	17.4%
Net margin	11.6%	-7.4%	-40.2%	1.6%	-230.1%	-230.1%
EBITDA margin	28.2%	10.7%	-6.0%	6.5%	-228.4%	-228.4%
FCF margin	21.5%	2.9%	-8.5%	-6.4%	18.3%	—
VALUATION
P/E	28.55	-29.44	-5.27	263.40	-8.79	-8.9
P/B	3.03	2.86	3.61	6.01	13.12	13.2
P/S	3.32	2.19	2.72	4.15	20.22	24.77
P/FCF	15.43	75.53	-31.88	-65.16	110.71	135.6
EV/EBITDA	10.50	25.09	-99.90	80.09	-8.70	-10.8
EV/Revenue	2.96	2.68	4.03	5.20	19.87	24.6
Earnings yield	3.5%	-3.4%	-19.0%	0.4%	-11.4%	-11.28%
FCF yield	6.5%	1.3%	-3.1%	-1.5%	0.9%	0.74%

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
LEVERAGE & SOLVENCY
Current ratio	4.38	4.38	5.90	4.37	1.68	1.68
Quick ratio	4.03	3.74	4.43	3.18	1.40	1.40
Debt / equity	1.03	2.12	2.67	2.30	0.36	0.36
Debt / assets	46.5%	62.0%	65.1%	61.8%	22.9%	22.9%
Net debt / EBITDA	-1.27	4.56	-32.60	16.21	0.16	0.05
Interest coverage	3.93	-1.88	-14.52	-6.75	-328.03	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
EFFICIENCY
Asset turnover	0.44	0.40	0.30	0.40	0.52	0.41
Receivables turnover	7.21	6.96	5.77	7.40	7.83	5.8
DSO (days)	51	52	63	49	47	63
DPO (days)	54	48	53	54	82	118
Cash conversion cycle	85	102	155	129	85	89
GROWTH (YoY)
Revenue growth	-1.7%	3.2%	-28.1%	29.4%	83.2%	—
Net income growth	-49.9%	-166.2%	-397.9%	104.0%	-26876.4%	—
EPS growth	-45.7%	-169.3%	-401.6%	103.7%	-25943.2%	—
FCF growth	-43.7%	-86.1%	-311.1%	3.3%	625.8%	—
PER SHARE ($)
EPS (diluted, TTM)	2.78	-1.93	-9.67	0.36	-92.96	-92.96
Book value / share	26.22	19.85	14.12	15.76	62.25	62.25
Revenue / share	23.95	25.87	18.75	22.85	40.40	40.40
FCF / share	5.15	0.75	-1.60	-1.45	7.38	7.38
Cash / share	35.65	29.48	13.08	12.18	36.71	36.71
SHAREHOLDER RETURN & SCORES
Buyback yield	9.6%	4.5%	0.1%	0.0%	1.3%	1.31%
Altman Z-Score	2.81	1.50	0.79	1.69	9.69	12.8
Piotroski F-Score	6	4	4	7	5	5/9
Beneish M-Score	-2.68	-2.02	-3.14	-2.46	-6.51	-6.51

Model	Score	Zone	Note
Piotroski F-Score	5 / 9	Middling
Altman Z-Score	12.8	Safe (>2.99)	Safe
Income quality	N/M	Loss-making	OCF ÷ net income not meaningful with negative earnings; OCF itself is the signal
Beneish M-Score	-6.51	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.97
Interest burden	1.00
Operating margin	-237.3%
Asset turnover	0.52×
Financial leverage	1.99×
= ROE	-240%

Growth Quality (live)	Value
Revenue stability	0.26
Earnings stability	0.50
Earnings persistence	0.20
Revenue CAGR 3y	19.5%
EPS CAGR 3y	—
FCF CAGR 3y	120.6%

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield1.31%

Dividend Yield0.00%none paid

Total Shareholder Return0.06%cash yield

SBC / Revenue5.6%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
MSI	$76.6B	36.1	92%	17.8%	+10.3%	7/9	+6.3%
CIEN	$47.2B	72.0	22%	15.9%	+32.6%	8/9	+95.0%
UI	$36.4B	37.9	91%	30.4%	+27.2%	7/9	-20.1%
ZBRA	$17.5B	34.5	15%	15.0%	+12.7%	6/9	+25.5%
CSCO	$423.4B	32.0	27%	22.4%	+11.8%	8/9	—
VIAV	$8.2B	-260.0	-3%	7.4%	+40.0%	6/9	—
VSAT	$8.1B	-226.3	-1%	-4.5%	+1.3%	6/9	—
HPE	$73.2B	27.4	11%	12.6%	+26.6%	8/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

25 Analysts

Str Sell (0)Sell (0)Hold (7)Buy (17)Str Buy (1)

Mean Target (qtr)$1087.569 targets

Target vs. Price+32.0%last-quarter mean

Next Report2026-11-05street $4.21

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$3.00B	$3.02B / $2.99B	$8.23	$8.55 / $7.63	14
FY2026	$3.00B	$3.02B / $2.99B	$8.23	$8.55 / $7.63	13
FY2027	$6.29B	$6.73B / $5.65B	$21.70	$23.07 / $19.32	14

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$1226.00	+48.8%	2
Last Quarter	$1087.56	+32.0%	9
Last Year	$683.74	-17.0%	47
All Time	$429.48	-47.9%	82

Rolling mean of published targets vs. last close $824.13. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

C-

DCF

2/5

ROE

1/5

ROA

1/5

Debt/Eq

2/5

P/E

1/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

LITE +404.9% vs S&P 500 +15.9% — spread +389.0pp

Sector — XLK +29.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$988.33	-164.20	-16.61%	Below
SMA 50	$931.65	-107.52	-11.54%	Below
SMA 200	$777.47	+46.66	+6.00%	Above
EMA 9	$948.70	-124.57	-13.13%	Below
EMA 21	$966.88	-142.75	-14.76%	Below
EMA 50	$933.16	-109.03	-11.68%	Below
EMA 200	$757.78	+66.35	+8.76%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -443 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%22

Momentum 25%9

Volume 20%25

Volatility 10%67

Patterns 15%50

This Week27% bullishof 11 price-based votes

4 Weeks Ago91%-64 pts since

12 Weeks Ago73%-46 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$988.33

Price vs SMA 50$931.65

Price vs SMA 200$777.47

EMA 9/21 Cross948.7/966.9

SMA 50/200Golden

ADX DirectionADX 19

Supertrend$1061

Parabolic SAR$1092

SMA Slope-5.340

RSI37.4

Stochastic K/D11/21

StochRSI K/D0/0

Williams %R-93

CCI-145

TSI vs Signal0.3

CMO-25.3

ROC-24.07%

OBV SignalDistrib

Chaikin MF-0.010

MFI51

Force Index-129M

Elder Ray Bull-99.47

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 21

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$848.09 / $896.18 / $922.82	S1 / S2	$821.45 / $773.36
Bollinger (20,2)	$819.65 – $1157.01	Squeeze	Off
52-wk range	$152.54 – $1143.00	Off 52-wk high	-27.9%
ATR (14)	$70.87 (8.6%)	Historical vol	73.9%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+0.1%Jan45%

+7.5%Feb45%

-0.1%Mar64%

-6.2%Apr20%

+2.9%May50%

+6.9%Jun60%

+8.1%Jul82%

+4.8%Aug55%

-1.4%Sep27%

+1.0%Oct55%

+10.3%Nov73%

+5.6%Dec64%

Sample: 11 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	LITE	S&P 500
Weekly volatility (σ, 1y)	12.97%	1.83%
Best / worst week (1y)	+39.4% / -27.4%	—
Max drawdown (5y, monthly)	-62.9%	—
1-week VaR (95%)	-17.3%	—
Beta (5y)	1.54	1.00

LITE EQUITY WEATHER (LIVE)STORMY · -41

Trend-20

Momentum-63

Volume-44

Volatility-60

Breadth-17

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 587 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-41.4-21.6 vs industry

Trend-19.9+1.9 vs industry

Momentum-63.5-34.2 vs industry

Volume-44.5-39.3 vs industry

Reading	LITE	Communication Equipment n=537	Technology n=6,969	All US symbols n=70,435
Overall	-41.4	-19.8	-20.7	-20.5
Trend	-19.9	-21.8	-20.8	-21.3
Momentum	-63.5	-29.3	-28.5	-15.8
Volume	-44.5	-5.2	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Michael Hurlston President and Chief Executi	$15.4M	94% equity+incentive
Wajid Ali Executive Vice President and Chief	$8.9M	94% equity+incentive
Wupen Yuen President, Global Business Units	$8.9M	94% equity+incentive
Vincent Retort Executive Vice President, Glo	$7.5M	92% equity+incentive
Jae Kim Senior Vice President, General Couns	$4.9M	91% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	59
Social	60
Governance	64
Composite ESG	61

Composite ESG Trend

Filed	8-K contents	Items
2026-08-11	Earnings Release; Exhibits	2.02,9.01
2026-07-30	Officer/Director Change	5.02
2026-06-01	Unregistered Equity Sales	3.02
2026-05-05	Earnings Release; Exhibits	2.02,9.01
2026-04-08	Unregistered Equity Sales	3.02
2026-03-02	Unregistered Sales of Equity Securities; Amendments to Articles of Inc	3.02,5.03,7.01,9.01
2026-02-03	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2026-01-05	Departure/Election of Directors; Appointment of Officers	5.02

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2021 to 2026
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-11-02 to 2026-08-11
Analyst estimates	dim/forward_estimates	3 rows · 2026-06-27 to 2027-06-27
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	44 rows · 2015 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-15 to 2026-10-01
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-04-30 to 2026-07-08
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Lumentum Holdings Inc. (LITE)

Institutions holding — 12 quarters

Lumentum Holdings Inc. (LITE)

Monthly Net Insider Flow (000 shares)

Signal Summary

Lumentum Holdings Inc. (LITE)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding LITE — quarterly

Institutional Put/Call — quarterly

Lumentum Holdings Inc. (LITE)

Where LITE Trades in the Dark

Lumentum Holdings Inc. (LITE)

3.8 · Employees (SEC filings)

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Balance Sheet — Full

Cash Flow Statement — Full

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Street Price Target — Trajectory

Third-Party Composite Rating

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Family Scores (site weights)

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)