Mizuho Remain Buyers of Lumentum (LITE) Into EPS

Mizuho analyst Vijay Rakesh reiterated an Outperform rating and a $1,100.00 price target on Lumentum (NASDAQ: LITE) ahead of earnings on 8/11/26.

The analyst commented, "We look at LITE ahead of JunQ (F4Q26) earnings on Aug. 11, and we continue to see upside. Key: 1) we believe InP demand remains strong with upside to LITE's JunQ/SepQ estimates given strong earnings outlook by InP suppliers (AXTI, Landmark, and SEI), with SepQ rev seen up >35% q/q; 2) LITE ramps with key EML InP laser performance, NPO ramps, CW/SiPho leadership supplying CW InP lasers position for upside; 3) upside to LITE >$90B TAM with industry leadership in EML, NPO (easier co-integration/deployment vs CPO), UHP lasers for CPO, OCS (MEMS) ramping we believe with GOOGL/MSFT/AMZN, post our optical industry call and a virtual call with Huber+Suhner (HUBN.SW, NC) CEO Urs Ryffel. Reiterate our Outperform rating and $1,100 PT. LITE is up ~4x since Nov'25 (SOX up ~71%), but is down ~27% (SOX down 5%) from its peak and we would be buyers into earnings with strong 2H26E momentum."

For an analyst ratings summary and ratings history on Lumentum click here. For more ratings news on Lumentum click here.

Shares of Lumentum closed at $713.94 yesterday.

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