Lumentum stock: Revenue jumps 136.5% as outlook rises
Published on 11/09/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth outlook strengthens for Lumentum
- Fiscal first-quarter revenue benefited from pump lasers and optical circuit switches.
- Management secured a second major NPO/CPO win with purchase commitments exceeding 5 billion US dollars.
- Second-quarter guidance calls for higher revenue and a non-GAAP operating margin of 45.0% to 46.0%.
Lumentum reported strong fiscal first-quarter results on November 2, 2026, as demand for pump lasers and optical circuit switches supported a sharp expansion in sales. The company's official earnings release covered the three months ended September 26, 2026.
Lumentum generated revenue of 1.2626 billion US dollars, compared with 533.8 million US dollars a year earlier and 1.0063 billion US dollars in the preceding quarter. That represented year-over-year growth of 136.5% and sequential growth of 25.5%. GAAP net income reached 360.3 million US dollars, while non-GAAP net income was 461.1 million US dollars, or 4.57 US dollars per diluted share.
Optical products lead the expansion
Components revenue was 754.2 million US dollars, up 98.9% from the prior-year quarter. Systems revenue reached 508.4 million US dollars, an increase of 228.8% year over year. Lumentum said pump lasers and optical circuit switches were the leading contributors to growth, while cloud modules also showed improvement in gross margin.
GAAP gross margin rose to 51.0% from 34.0% a year earlier. Non-GAAP gross margin was 53.2%, compared with 39.4% in the prior-year quarter, while non-GAAP operating margin reached 42.3%. The adjusted figures exclude items including stock-based compensation, acquired-intangible amortization and other specified adjustments, so they should not be read as a replacement for GAAP results.
Management lifts the next-quarter target
For fiscal second-quarter 2027, Lumentum expects revenue of 1.575 billion to 1.625 billion US dollars. The company forecasts a non-GAAP operating margin of 45.0% to 46.0% and non-GAAP diluted earnings per share of 5.90 to 6.20 US dollars.
Chief Executive Michael Hurlston said the company secured a second major near-packaged optics and co-packaged optics win during the quarter, backed by purchase commitments exceeding 5 billion US dollars. He also said visibility for optical switching had expanded significantly and that the business could become a multi-billion-dollar annual revenue stream. Those comments describe management's opportunity assessment rather than reported revenue already recognised.
Lumentum stock traded at 487.85 euros on Lang & Schwarz at 14:04 CET on Monday, November 9, 2026. Investors can follow the real-time quote of Lumentum stock.
Lumentum Holdings Inc.
- Company: Lumentum Holdings Inc.
- ISIN: US55024U1097
- Ticker: LITE
- Reported quarter: Fiscal first quarter 2027, ended September 26, 2026
- Revenue: 1.2626 billion US dollars
- GAAP net income: 360.3 million US dollars
- Non-GAAP diluted earnings per share: 4.57 US dollars
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Investors should watch the conversion of optical-switching demand visibility into shipments, the pace of capacity expansion and the company's ability to sustain its margin outlook. More news and analyses on Lumentum stock are available here.
