Movement Alert｜Lumentum Intraday Rise 6.61%, Optical Components Sold Out Through 2029

Market Focus10-09 21:30

On October 9, Lumentum rose 6.61% in Regular Trading, trading at approximately $1123.57/share, with turnover exceeding $4.7 billion. The surge followed CEO Michael Hurlston's disclosure that the company's optical component capacity is fully sold out through early 2029, with a demand shortfall of roughly 70% for next year's production. Six months ago, management had only guided for capacity being filled through 2028, underscoring accelerating AI data center demand.

Hurlston indicated that new capacity will take three to five years to come online, and even by 2028 the company expects a 30% supply gap. The company has already expanded output at its key Tokyo-area facility twelvefold over the past two years and plans at least $350 million in additional investment. The tight supply-demand dynamic has reinforced positive sentiment across the optical communications sector, with peer names such as Applied Optoelectronics and Coherent also trading sharply higher.

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