New York, Jan 7, 2026, 14:04 EST — Regular session
- Lumentum shares fell about 4% in afternoon trading after a sharp rally a day earlier.
- The company set Feb. 3 for fiscal second-quarter results, with a webcast after the close.
- A recent 8-K detailed a planned chief accounting officer transition.
Lumentum Holdings (LITE.O) shares were down about 4.2% at $380.55 on Wednesday, after swinging between $365.73 and $394.00 in choppy Nasdaq trade.
The slide followed a 11.3% surge on Tuesday to $397.42, a move that pushed the optical components maker back toward recent highs as traders leaned into AI-linked hardware names. 1
Why it matters now: Lumentum on Jan. 5 set Feb. 3 for fiscal second-quarter results, due after the market close, with a webcast scheduled for 5 p.m. ET. Investors are watching for updated signals on data-center optics demand — the laser chips and optical transceivers that move data through fiber — after a start-of-year burst of positioning. 2
A separate regulatory filing showed Matthew Sepe plans to retire and will step down as chief accounting officer effective Feb. 6 or after the company files its quarterly report for the period ended Dec. 27, 2025, whichever is later. The board appointed Eric Chang, a recent hire as senior vice president of finance, as chief accounting officer on that effective date. 3
The broader tape stayed jumpy. U.S. tech shares were among the day’s supports, but investors were also digesting weaker labor-market reads and looking ahead to Friday’s nonfarm payrolls report, with some opting to trim winners. “The economic news sort of fueled a little bit of profit taking,” said Robert Pavlik, a senior portfolio manager at Dakota Wealth. 4
Lumentum’s swings have tracked a wider rotation into optics and networking suppliers seen as picks-and-shovels for the data-center buildout. On Tuesday, Lumentum and Ciena jumped as investors focused on the scale and pace of spending by the biggest cloud operators. 5
Technically, the stock has been hovering near its 52-week high of $401.60 set on Dec. 23, after climbing far from a 52-week low of $45.65, Reuters data showed. 6
But the setup cuts both ways. If the next earnings update points to slower orders, tougher pricing, or inventory digestion at customers, the AI-optics trade can unwind fast — especially with the shares already pricing in a lot of good news.
Next up for traders: Friday’s U.S. jobs report, then Lumentum’s Feb. 3 results and conference call after the close.
