On August 7, Lumentum rose 3.61% overnight, trading at $861.86/share, with turnover of $175,400.

On the news front, a research report highlighted that the AI compute supply chain has entered a deep acceleration phase where downstream demand is forcing upstream capacity expansion. Lumentum's core optical component capacity could be sold out through 2028 ahead of schedule, significantly intensifying supply shortage expectations.

Meanwhile, the company is set to report quarterly results after market close on August 11. Consensus estimates project revenue of approximately $9.88 billion, representing 111.83% year-over-year growth, alongside adjusted earnings per share of approximately $2.97, up 271.06% year-over-year. The core drivers include sustained shipments of high-end components and product mix upgrades lifting average selling prices, with the earnings preview continuing to support bullish sentiment.

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