Photonics is emerging as a key AI infrastructure technology, with surging investments and growth projections fueling interest in ETFs.

Luminar Technologies faces a critical inflection point as its transition to high-volume LiDAR production remains hindered by significant revenue contraction and persistent operating losses. The company's reliance on external capital is increasingly precarious ...
Price trend, volume and key moving averages
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q2 2026Latest Mar 19, 2026 | -$2.50-290.6% vs -$0.64 | $13M+34.2% vs $10M |
Q4 2025 Nov 13, 2025 | -$0.94+10.5% vs -$1.05 | $19M+97.4% vs $10M |
Q3 2025 Aug 12, 2025 | -$1.49-25.2% vs -$1.19 | $16M-11.0% vs $18M |
Q2 2025 May 14, 2025 | -$1.50+7.4% vs -$1.62 | $19M+16.1% vs $16M |
Photonics is emerging as a key AI infrastructure technology, with surging investments and growth projections fueling interest in ETFs.

LAZR has the largest exposure to Anthropic of any U.S.-listed ETF. 1 NEW YORK, Sept.
Anthropic's preliminary second-quarter results reignited enthusiasm across the artificial intelligence sector, lifting semiconductor stocks 1% on Monday despite broader tech sector declines. Q2 revenue topped $11.5 billion — a 14x surge year-over-year and more than 2x last quarter's figures.
Optics are emerging as the next AI infrastructure bottleneck. These three ETFs offer diversified exposure to the photonics boom.

Benchmark LAZR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Luminar Technologies, Inc. (LAZR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $44.30 | $26.45B | -7.00 | -12.44% | -572.79% | — | — | |
| $39.38 | $2.51B | -36.80 | 52.46% | -26.02% | -18.45% | — | |
| $0.41 | $91.52M | -1.20 | 127% | -153.1% | -118.08% | — | |
| $15.22 | $1.03B | -5.97 | 99.44% | -150.12% | -210.69% | — | |
| $1.18 | $54.65M | -1.31 | 15.35% | -7786.44% | -46.4% | — | |
| $1.64 | $38.29M | -0.31 | -74.28% | -3976.67% | -221.31% | — |
Luminar Technologies, Inc. (LAZR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Luminar Technologies, Inc. (LAZR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 7, 2026·SEC
Feb 25, 2026·SEC
Feb 4, 2026·SEC
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Luminar Technologies, Inc. (LAZR) stock FAQ — growth, dividends, profitability & financials explained
Luminar Technologies, Inc. (LAZR) reported $66.0M in revenue for fiscal year 2025. This represents a 465% increase from $11.7M in 2018.
Luminar Technologies, Inc. (LAZR) saw revenue decline by 12.4% over the past year.
Luminar Technologies, Inc. (LAZR) reported a net loss of $378.1M for fiscal year 2025.
Luminar Technologies, Inc. (LAZR) had negative free cash flow of $199.5M in fiscal year 2025, likely due to heavy capital investments.