NEW YORK, Feb 2, 2026, 20:05 EST — The market has closed.
- Lumentum Holdings (LITE) shares jumped roughly 8%, closing near $423.42 following a volatile session on Monday.
- Fiscal second-quarter results are set to drop after Tuesday’s close, followed by a 5 p.m. ET webcast.
- Optical and semiconductor stocks gained ground, staying in focus as AI-driven demand remains strong.
Lumentum Holdings Inc. (LITE) shares jumped roughly 8% Monday, ending the session near $423.42. During the day, the stock swung from a low of $384.08 to a high of $444.80. Trading volume hit around 5.8 million shares.
The stock remains active ahead of the company’s fiscal second-quarter results, due after Tuesday’s close, with a conference call scheduled for 5 p.m. ET. San Jose, Calif.-based Lumentum produces optical and photonic components for telecom and data-center networks, as well as lasers used in manufacturing and sensing. (Lumentum Investor Relations)
Why it matters now: investors see optics suppliers as a first signal on AI data-center spending, given these systems require faster connections to shuttle data between chips, servers, and racks. A solid report could push the trade further, but even a minor slip-up might sting.
Risk appetite was up on Monday. The SPDR S&P 500 ETF Trust climbed roughly 0.5%, the Invesco QQQ Trust edged higher by about 0.7%, and the VanEck Semiconductor ETF jumped around 1.1%.
Other optical stocks followed suit. Coherent Corp. jumped roughly 4.8%, Ciena Corp. added about 6.6%, and Viavi Solutions Inc picked up near 4.6%. Marvell Technology Inc, however, barely budged, slipping about 0.4%.
Lumentum last reported quarterly results in November, posting $533.8 million in revenue. It forecasted fiscal second-quarter revenue between $630 million and $670 million, with non-GAAP earnings expected at $1.30 to $1.50 per share (excluding items like stock compensation). Michael Hurlston highlighted “strong momentum across data center, data center interconnect, and long-haul markets.” (Business Wire)
Tuesday’s report will reveal if that momentum carried over into the new quarter and if margins kept pace. Traders are also keen for any news on “optical circuit switches”—devices that use light to route data—and co-packaged optics, which integrates optical components near computing chips to reduce power consumption and latency.
The risk lies in lofty expectations. Even a hint of slower orders or cautious forecasts might jolt the stock sharply, particularly following Monday’s volatile move.
Longer-term investors are zeroing in on the divide between its cloud-and-networking unit and the industrial laser segment. The key question: are customers accelerating orders or delaying shipments? Pricing and capacity updates could prove just as crucial as the headline figures.
After the bell on Tuesday, Lumentum will release its fiscal second-quarter results and hold its conference call.
