Lumentum Holdings Inc

LITE is entrenched in a Stage 4 decline with clear lower highs and lower lows beneath falling EMAs, reinforcing a bearish medium-term bias despite a longer-term uptrend. Short-term conditions are extreme oversold with exhaustion signals at the 200-DMA support, making fresh selling ill-timed. Preferred execution is to trim into any relief rallies back toward the declining 9/20 EMA zone and 50-DMA resistance.

• ↑Q3 FY26 revenue $808 M, +90% YoY driven by transceivers and laser chips.
• ↑Q4 revenue guidance of $960 M–$1.01 B targets another quarterly high.
• ↓Negative earnings yield and low book-to-price signal overvaluation risk.