Home / Business and Economy / Optical Stocks Surge: Lumentum Beats Big, Coherent Rallies
Optical Stocks Surge: Lumentum Beats Big, Coherent Rallies
15 Aug
Summary
- Lumentum's Q4 revenue soared 109% year-over-year to $1.01 billion.
- Coherent's Q4 revenue grew 34% year-over-year, reaching $2.05 billion.
- Despite strong results, Coherent stock saw after-hours selling.
Lumentum Holdings Inc. set the photonics sector ablaze with its FQ4 2026 earnings report, announcing a staggering 109% year-over-year increase in net revenue to $1.01 billion. The company also issued strong guidance for Q1 fiscal 2027, projecting revenue between $1.225 billion and $1.275 billion.
Following Lumentum's lead, Coherent Corp. unveiled its FQ4 2026 results, posting a 34% year-over-year revenue growth to $2.05 billion. Coherent provided optimistic projections for Q1 fiscal 2027, forecasting revenue in the range of $2.2 billion to $2.4 billion.
Despite Coherent's impressive financial performance and positive outlook, its stock faced selling pressure in after-hours trading. This reaction occurred despite the stock having gained over 8% during regular trading hours in anticipation of the strong quarterly report.
