LPTH is trading 10.9% up at $13.79 as investors react to triple-digit revenue growth and a record backlog reported in its fiscal Q3 2026 update.
- The stock is extending a strong multi-day advance fueled by momentum from its May 7 earnings release and subsequent positive coverage.
- Traders appear to be positioning for sustained demand in the defense and infrared optics sectors, allowing the stock to decouple from major indices trading lower.