Earnings summaries and quarterly performance for Lumentum Holdings.
Executive leadership at Lumentum Holdings.
Michael E. Hurlston
Detailed
President and Chief Executive Officer
CEO
JK
Jae Kim
Detailed
Senior Vice President, General Counsel and Secretary
VR
Vincent Retort
Detailed
Executive Vice President, Modules R&D and New Product Design and Development
WA
Wajid Ali
Detailed
Executive Vice President, Chief Financial Officer
WY
Wupen Yuen
Detailed
President, Cloud and Networking
Board of directors at Lumentum Holdings.
Research analysts who have asked questions during Lumentum Holdings earnings calls.
Ryan Koontz
Needham & Company, LLC
6 questions for LITE
Also covers: AAOI, ADTN, ANET +27 more
SL
Simon Leopold
Raymond James
6 questions for LITE
Also covers: AAOI, ANET, ATEN +17 more
Karl Ackerman
BNP Paribas
5 questions for LITE
Also covers: ANET, AVGO, CIEN +15 more
Meta Marshall
Morgan Stanley
5 questions for LITE
Also covers: ANET, AXON, BAND +30 more
SC
Samik Chatterjee
JPMorgan Chase & Co.
5 questions for LITE
Also covers: AAPL, ANET, APH +32 more
Christopher Rolland
Susquehanna Financial Group
4 questions for LITE
Also covers: ADI, AMBA, AVGO +19 more
DV
David Vogt
UBS Group AG
4 questions for LITE
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AB
Ananda Baruah
Loop Capital Markets LLC
3 questions for LITE
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TO
Thomas O’Malley
Barclays Capital
3 questions for LITE
Also covers: ALAB, ALGM, AMD +21 more
GN
George Notter
Jefferies
2 questions for LITE
Also covers: AAOI, ADTN, ANET +18 more
Michael Genovese
Rosenblatt Securities Inc.
2 questions for LITE
Also covers: AAOI, ADTN, CALX +5 more
Mike Genovese
Rosenblatt Securities
2 questions for LITE
Also covers: ADTN, CALX, EXTR +1 more
Papa Sylla
Citi
2 questions for LITE
Also covers: COHR
TK
Taran Katta
Wolfe Research
2 questions for LITE
Alek Valero
Loop Capital Markets
1 question for LITE
Also covers: DDD, HPQ, LOGI +3 more
Aren Nakpil
Susquehanna International Group, LLP
1 question for LITE
BC
Blayne Curtis
Jefferies Financial Group
1 question for LITE
Also covers: ADI, AIP, ALAB +19 more
EW
Ezra Weener
Jefferies LLC
1 question for LITE
Also covers: CAMT, COHR, LSCC +2 more
JC
Joseph Cardoso
JPMorgan Chase & Co.
1 question for LITE
Also covers: AXON, CALX, CIEN +9 more
KJ
Karan Juvekar
Morgan Stanley
1 question for LITE
Also covers: INFN, ZBRA
RS
Richard Shannon
Craig-Hallum Capital Group LLC
1 question for LITE
Also covers: AEVA, ALAB, AMBA +21 more
RR
Ruben Roy
Stifel Financial Corp.
1 question for LITE
Also covers: CDNS, CIEN, CLS +13 more
VA
Vivek Arya
Bank of America Corporation
1 question for LITE
Also covers: ADI, ALGM, AMAT +23 more
Recent press releases and 8-K filings for LITE.
Lumentum Reports Record Q2 2026 Revenue and Strong Q3 Guidance
LITE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Lumentum achieved record Q2 2026 revenue of $665.5 million, an over 65% year-over-year increase, with non-GAAP operating margin rising 1,730 basis points year-on-year to 25.2% and non-GAAP EPS of $1.67.
- The company provided strong Q3 2026 guidance, forecasting net revenue between $780 million and $830 million (midpoint $805 million), representing an 85%+ year-over-year increase, and diluted non-GAAP EPS in the range of $2.15 to $2.35.
- Key growth drivers are accelerating, with the Optical Circuit Switches (OCS) business backlog surging well past $400 million for H2 calendar 2026 shipments, and an additional $multi-hundred million purchase order for Co-Packaged Optics (CPO) ultra-high power lasers secured for H1 calendar 2027 shipments.
- Cloud transceiver revenue saw significant growth in Q2, positioning Lumentum as a leader for 1.6T speeds, which are accelerating faster than expected.
- To meet surging demand, Lumentum front-loaded over half of its 40% indium phosphide wafer fab expansion target in Q2 and is actively pursuing further capacity increases, including exploring new fabs and increasing reliance on contract manufacturers.
16 minutes ago
Lumentum Announces Second Quarter Fiscal Year 2026 Financial Results
LITE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Lumentum reported net revenue of $665.5 million for the second quarter of fiscal year 2026, marking a 65.5% year-over-year increase.
- The company achieved a non-GAAP diluted net income per share of $1.67 and a non-GAAP operating margin of 25.2% for Q2 FY2026.
- Lumentum ended the second quarter of fiscal year 2026 with $1,155.3 million in total cash, cash equivalents, and short-term investments.
- For the third quarter of fiscal year 2026, Lumentum expects net revenue in the range of $780 million to $830 million and non-GAAP diluted earnings per share of $2.15 to $2.35.
- The CEO highlighted a backlog exceeding $400 million for optical circuit switches (OCS) and an incremental multi-hundred-million-dollar order for co-packaged optics (CPO) deliverable in the first half of calendar 2027.
2 hours ago
Lumentum Announces Q2 FY2026 Financial Results and Q3 FY2026 Guidance
LITE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Lumentum reported net revenue of $665.5 million for the second quarter of fiscal year 2026, marking over 65 percent year-over-year revenue growth.
- Non-GAAP diluted net income per share was $1.67 , and the non-GAAP operating margin expanded to 25.2% for Q2 FY2026.
- The company ended the quarter with $1,155.3 million in total cash, cash equivalents, and short-term investments.
- For the third quarter of fiscal year 2026, Lumentum forecasts net revenue in the range of $780 million to $830 million and non-GAAP diluted earnings per share of $2.15 to $2.35.
- The backlog for optical circuit switches (OCS) is well beyond $400 million, and an incremental multi-hundred-million-dollar order for co-packaged optics (CPO) is expected to be delivered in the first half of calendar 2027.
2 hours ago
LITE Announces Strong Q2 FY26 Results and Provides Q3 FY26 Guidance
LITE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- LITE reported strong Q2 FY26 non-GAAP results with revenue of $665.5 million and diluted EPS of $1.67, exceeding guided ranges.
- The Cloud and AI business significantly drove performance, leading to over 65% year-over-year total company revenue growth and over 1,700 basis points of operating margin expansion.
- Both Components and Systems segments showed substantial growth, with Components revenue up 68% year-over-year and Systems revenue up 60% year-over-year.
- For Q3 FY26, LITE provided non-GAAP guidance forecasting revenue between $780 million and $830 million, an operating margin of 30.0% to 31.0%, and diluted EPS between $2.15 and $2.35.
2 hours ago
Lumentum Holdings Inc. Enters New $400 Million Revolving Credit Facility
LITE
Debt Issuance
New Projects/Investments
Financial Covenants
- On December 19, 2025, Lumentum Holdings Inc. entered into a senior secured revolving credit facility for an aggregate principal amount of $400.0 million with Wells Fargo Bank, National Association as administrative agent.
- The facility, which matures on December 19, 2030, includes a $23.0 million sublimit for letters of credit and allows for incremental revolving commitments and/or term loans up to an unlimited amount. The proceeds are designated for working capital and general corporate purposes.
- Borrowings will bear interest at either a base rate plus a margin of 0.50% to 1.50% or a term Secured Overnight Financing Rate (SOFR) plus a margin of 1.50% to 2.50%, with a quarterly commitment fee of 0.15% to 0.35% on unused availability, all dependent on the Company's secured net leverage ratio.
- The Credit Agreement contains financial covenants requiring the Company to maintain a secured net leverage ratio of less than or equal to 3.25:1.00 and an interest coverage ratio of no less than 3.00:1.00, tested at the end of each fiscal quarter.
Dec 22, 2025, 9:01 PM
Lumentum Discusses Strong Demand, Capacity Constraints, and Growth in Optical Technologies
LITE
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Lumentum is experiencing unprecedented demand and capacity constraints across its entire product portfolio, with EML lasers sold out for 2026 and largely booked through 2027.
- The company is increasing prices and securing longer-term commitments from larger customers due to the seller's market, and is on track to increase EML capacity by 40% over the next couple of quarters.
- The OCS (Optical Cross-Connect Switch) business is projected to grow significantly, aiming for approximately $100 million per quarter by December 2026, and CPO (Co-Packaged Optics) adoption is anticipated to reach 40%-50% of switches for the first user by late 2027/2028.
- Total optical ports for hyperscalers are estimated to grow from 40-50 million in the current year to 70-75 million in 2026, with 1.6T ports accounting for 15-20 million of that total.
- Lumentum's primary challenge in meeting demand is capacity, and the company is focusing on serving its three main hyperscaler customers.
Dec 10, 2025, 5:15 PM
Lumentum Discusses Strong Demand and Capacity Constraints at Barclays Conference
LITE
Revenue Acceleration/Inflection
New Projects/Investments
- Lumentum is experiencing widespread demand exceeding supply across its product portfolio, with capacity constraints and demand visibility extending through 2027 for certain products like EML lasers.
- The company is leveraging this seller's market by implementing elevated pricing for longer-term customer commitments.
- Lumentum projects Optical Circuit Switches (OCS) revenue to reach approximately $100 million per quarter by December 2026, driven by strengthening demand and increased customer engagement.
- The company estimates the total optical port count for hyperscalers to be around 75 million in 2026, with 55-60 million for 100G or 800G and 15-20 million for 1.6T.
- Lumentum anticipates significant adoption of Co-Packaged Optics (CPO, projecting that 40%-50% of switches for the first user will be CPO-based by late 2027 to 2028.
Dec 10, 2025, 5:15 PM
Lumentum Discusses Strong Demand for EMLs, OCS, and Co-Packaged Optics Growth
LITE
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
- Lumentum, a leading optical infrastructure provider for data centers, projects its 200 gig per lane Externally Modulated Lasers (EMLs) to increase from 10% of volumes in calendar Q1 2026 to 25% in calendar Q4 2026, driving a two-times ASP bump and higher gross margins.
- The company is significantly behind demand for EMLs, reporting 20% at fiscal year-end and forecasting 30% by mid-2026, despite plans to add 40% additional capacity by June 2026 (relative to September 2025 quarter close), with supply-demand equilibrium not expected until at least 2027.
- Lumentum expects substantial growth from its Optical Circuit Switches (OCS) business, targeting an increase from $10 million in calendar Q1 2026 to $100 million of incremental revenue by calendar Q4 2026, and anticipates material revenue from co-packaged optics in the second half of calendar 2026.
- The CEO identifies OCS, optical scale-out, and optical scale-up as "huge growth drivers" that are currently "underappreciated" and not yet factored into financial numbers, indicating that 2026 will be a very good year for the company as these contributions materialize.
Dec 8, 2025, 3:40 PM
Lumentum CEO Highlights Strong Demand for Lasers, Growth in OCS and Co-packaged Optics
LITE
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Lumentum, a leading provider of EMLs for data centers, holds 50% to 60% of the world's EML volume and is experiencing significant demand that is expected to outstrip supply, projecting to be 30% behind by mid-2026 despite adding 40% additional capacity.
- The company anticipates a substantial shift to 200 gig per lane lasers, expecting them to comprise 10% of volumes in calendar Q1 and 25% in calendar Q4, which is projected to result in a roughly two times ASP bump and improved gross margins.
- Lumentum is targeting significant growth in Optical Circuit Switches (OCS), aiming for $10 million in Q1 to grow to $100 million of incremental dollars by calendar Q4 2026, driven by demand that currently exceeds their manufacturing capacity.
- Co-packaged optics (CPO) are expected to become a material revenue driver in the back half of calendar 2026, with Lumentum partnering on NVIDIA's external light source solution for CPO.
Dec 8, 2025, 3:40 PM
Lumentum CEO Discusses Growth Drivers and Capacity Expansion at UBS Conference
LITE
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Lumentum's CEO, Michael Hurlston, noted that the company's initial forecast was significantly understated, leading to substantial share price appreciation and a focus on scaling operations within his less than a year tenure.
- The transceiver business, currently generating $500 million annually, aims to reach $1 billion annually, but faces margin challenges, operating below the mid-30s.
- Lumentum has doubled its EML capacity and expects a further 40% increase over the next three quarters (December 2025, March 2026, and June 2026), but anticipates remaining behind on supply through 2027 due to high demand.
- The company is currently shipping Co-packaged Optics (CPO) solutions and expects a "pretty big step up" in revenue in the second half of 2026, continuing through 2027, driven by Ethernet-based switches and multiple customer engagements.
- For Optical Cross-Connect Switches (OCS), Lumentum projects incremental revenue of $10 million in Q1 2025 ramping to $100 million in Q4 2025, though constrained by its manufacturing capacity and supply chain.
Dec 3, 2025, 10:35 PM
Quarterly earnings call transcripts for Lumentum Holdings.
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