Earnings ·
Lumentum reports Q1 FY2027 net revenue of $1.26 billion and raises Q2 outlook to $1.575B-$1.625B
LITELumentum Holdings Inc.
Lumentum Holdings Inc. reported fiscal first quarter 2027 results ending September 26, 2026, with net revenue increasing 136.5% year-over-year to $1.26 billion. GAAP diluted earnings per share were $3.54, compared to a loss of $84.65 in the prior quarter and $0.05 in the same period last year. Non-GAAP net income was $461.1 million, or $4.57 per diluted share. The company secured purchase commitments exceeding $5 billion for its second major NPO/CPO win and reported strong demand for optical circuit switches. Lumentum raised its second quarter fiscal 2027 revenue guidance to a range of $1.575 billion to $1.625 billion, with non-GAAP operating margins expected between 45.0% and 46.0%. The company operates in the optical and photonic technologies industry, providing lasers, modules, and subsystems for AI data centers, cloud computing, and telecommunications infrastructure.