Lumentum, a laser and optical parts maker spun off from JDS Uniphase in 2015, has seen its revenue surge as AI data centers adopt its optical links: fiscal 2026 revenue reached $3.014 billion, up 83.22%, and fourth-quarter revenue hit $1.01 billion, up 109%. A $1,000 investment ten years ago would be worth $22,714.90, versus $3,617.60 for the S&P 500, though most of that gain came in the last 12 months. Management guided fiscal first-quarter revenue to $1.225–$1.275 billion. Shares remain volatile, with a 52-week range of $152.54 to $1,143 and an 18.89% drop over the past week. The fourth quarter also included a $7.2 billion GAAP net loss driven by a $7.8 billion non-cash charge.
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