Nvidia CPO/NPO Demand Could Lift Lumentum Revenue to $3.3B by 2028
LITE has more than doubled off its 52-week low of $147.81.
Summary
GF Securities projects Lumentum's Nvidia-driven CPO/NPO revenue will surge from roughly $928M in 2027 to over $3.3B in 2028, driven by tight supply and sold-out 200G lasers that fetch about twice prior-gen prices. The company is also set to present Zero-Touch OCS fabrics with Oracle Cloud on Oct 15, highlighting its role in AI scale-out infrastructure. This follows strong fiscal Q4 results and upbeat Q1 guidance reported in August, reinforcing Lumentum's position as a key data-center optics winner. The stock is trading near its 52-week high, reflecting market enthusiasm for the AI optics cycle.
At the time of this announcement, LITE was trading at $1,086.22 on NASDAQ in the Technology sector, with a market capitalization of approximately $97.4B. The 52-week trading range was $147.81 to $1,091.61. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.