On July 27, Lumentum rose 3.05% overnight, trading at 788.99 USD/share, with Turnover of $1.97 million.

On the news front, Google parent Alphabet raised its full-year capital expenditure guidance to $195–205 billion, while OpenAI lifted its pre-2030 compute spending forecast from $600 billion to $750 billion, signaling a continued escalation in the AI infrastructure arms race that directly benefits upstream optical component demand. Barclays upgraded Lumentum to Overweight with a $1,000 price target, citing the company's dominant position in core laser components for optical network modules and its strong pricing power amid persistent supply chain shortages. JPMorgan maintained its Overweight rating and raised its target to $1,165. The Wall Street consensus mean target stands at approximately $1,126.

Lumentum Holdings manufactures optical and photonic products serving cloud data center, AI/ML, and enterprise networking applications, with its Cloud & Networking segment offering high-speed transceivers, laser chips, and coherent DWDM pluggable modules that are central to high-capacity data interconnection.

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