New York, Feb 12, 2026, 13:52 ET — Regular session
- Lumentum shares rose about 3% in midday trading, bucking a broader dip in U.S. equities
- The company has slated management appearances at Susquehanna and Morgan Stanley investor events in late February and early March
- A recent SEC filing showed CEO Michael Hurlston had shares withheld to cover taxes tied to vested stock awards
Lumentum Holdings Inc. shares rose about 3% on Thursday to $591.49, after swinging between $568.19 and $603.21 earlier in the session.
The move keeps the optical and photonics supplier on traders’ screens as they look for the next datapoint beyond last week’s results-driven surge. The calendar now matters as much as the numbers, with investors watching for any shift in tone around demand tied to AI data centers.
Lumentum said this week that management is scheduled to take part in the Susquehanna 15th Annual Technology Conference on Feb. 26 and the Morgan Stanley Technology, Media & Telecom Conference on March 2, including a webcast for the Morgan Stanley event. (Business Wire)
A separate U.S. securities filing showed CEO Michael Hurlston had 20,169 shares withheld at $551.99 on Feb. 7 to cover income tax obligations linked to vesting restricted stock units, a type of stock award. (SEC)
The broader tape was weaker: the Invesco QQQ ETF, a proxy for big-cap tech, fell about 1.5%, while the SPDR S&P 500 ETF slipped about 1%. Optical peer Coherent fell about 2.1% and chipmaker Broadcom slid about 2.5%.
In its Feb. 3 earnings release, Lumentum posted fiscal second-quarter net revenue of $665.5 million and non-GAAP earnings per share of $1.67, with non-GAAP figures excluding certain costs such as stock-based compensation. CEO Michael Hurlston said the company was “only at the starting line” for two opportunities it flagged — optical circuit switches (used to re-route connections inside data centers) and co-packaged optics (integrating optics closer to chips to cut power and boost speed). (Business Wire)
Christopher Rolland, an analyst at Susquehanna, pointed last week to “dramatically better guidance” as growth drivers broadened beyond transceivers, according to a report carried by Investors.com. (Investors)
What investors want now is the next set of comments: whether management sticks to its outlook, whether backlog converts to shipped revenue on schedule, and how quickly capacity can ramp without squeezing margins.
But the run has left little room for a stumble. Research site Simply Wall St said the stock’s sharp re-rating has pushed it well above one widely followed fair-value estimate, and flagged execution risk if hyperscaler demand cools or production constraints bite. (Simply Wall St)
Next up are management’s appearances at the Susquehanna conference on Feb. 26 and the Morgan Stanley conference on March 2, where investors will be listening for any update on order flow and timing for newer data-center products.
