Lumentum is trading 10.05% up now at $969.84 after management commentary reinforced expectations for accelerating AI-optics demand.
- CEO Michael Hurlston said Lumentum targets roughly $40 in 2028 earnings power, above current sell-side estimates.
- The outlook is supported by stronger optical circuit-switching demand and broader optical adoption.
- Broader U.S. markets are lower on September 8, 2026, suggesting company-specific enthusiasm is driving the advance.