reply Samsung has LTAs covering 70% of memory capacity spanning until 2031. $LITE is completely sold out into 2029 and with customers starting to lock in orders for 2030. There's the actual demand. Then there's short term media narratives that cause people to sell. There's been many scares over the past few years over $NVDA GPUs from Deepseek to macro but in the end fundamentals matter more.(Historical earnings: For 2026Q3 (period ended 2026-03-28), Lumentum reported basic EPS of 3.18, diluted EPS of 2.59, and net income of USD 0.227 billion. In the prior-year 2025Q3 (period ended 2025-03-29), basic EPS was -2.72, diluted EPS was -2.72, and net income was USD -0.187 billion. For 2026Q2 (period ended 2025-12-27), basic EPS was 1.17 and diluted EPS was 0.99, with net income of USD 78.200 million, compared with net income of USD -60.900 million in the period ended 2024-12-28 and USD -82.400 million in the period ended 2024-09-28. Consensus expectations: The next upcoming consensus is for 2026Q4, with an EPS estimate of 3.0312 and a revenue estimate of USD 1.008 billion.)