Lumentum stock rises as Q2 outlook points to another growth step

Published on 11/10/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lumentum stock gains as management forecasts another sharp revenue step in fiscal Q2. Optical switching and pump lasers lead the growth outlook.

Growth outlook raises execution stakes

Lumentum reported fiscal first-quarter revenue of USD 1.2626 billion, up 136.5 percent year over year.
Management expects fiscal second-quarter revenue of USD 1.575 billion to USD 1.625 billion.
Optical switching and pump lasers are central to the next growth step, while capacity and customer delivery remain key risks.

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Lumentum reported a sharp acceleration in its fiscal first quarter on November 2, and management raised expectations for the following quarter. In its November 2 earnings release, the company said fiscal first-quarter revenue reached USD 1.2626 billion, up 136.5 percent from a year earlier.

Lumentum stock traded at EUR 546.90 on Lang & Schwarz at 4:01:38 p.m. CET on Tuesday, November 10, 2.95 percent above the Xetra close of Monday, November 9. Compared with the EUR 516.70 quote in the previous report at 1:37 p.m. CET the same day, the shares had gained 5.85 percent.

Guidance points to another step-up

Lumentum expects fiscal second-quarter revenue between USD 1.575 billion and USD 1.625 billion. The outlook calls for a non-GAAP operating margin of 45.0 percent to 46.0 percent and non-GAAP diluted earnings per share of USD 5.90 to USD 6.20.

Chief Executive Michael Hurlston said the company anticipates sequential revenue growth of approximately USD 350 million and expects operating margin to exceed 45 percent. The non-GAAP forecast is not directly comparable with the reported GAAP result without further reconciliation.

Optical products drive expansion

Fiscal first-quarter components revenue rose 98.9 percent year over year to USD 754.2 million, while systems revenue increased 228.8 percent to USD 508.4 million. Management identified pump lasers and optical circuit switches as leading contributors and said optical switching could become a multibillion-dollar annual revenue stream as demand visibility expands.

Lumentum also reported a second major NPO/CPO win backed by purchase commitments exceeding USD 5 billion. Converting those commitments into shipments will depend on customer spending, production capacity and execution.