Lumentum Q1 EPS Beats Analyst Estimate as Revenue Jumps 136.5%

Lumentum Holdings Inc. posted fiscal first-quarter revenue of $1.2626 billion and non-GAAP diluted earnings of $4.57 per share, topping analyst estimates as revenue rose 136.5% from a year earlier.

The quarter ended Sept. 26, 2026. Revenue increased from $533.8 million a year earlier. Non-GAAP net income was $461.1 million, or $4.57 per diluted share. On a GAAP basis, net income was $360.3 million, or $3.54 per diluted share.

The $4.57 in non-GAAP diluted earnings per share exceeded the $4.22 analyst estimate. Revenue also topped the $1.25 billion analyst estimate.

President and CEO Michael Hurlston said pump lasers and optical circuit switches were the leading contributors to quarterly growth. He also said, “During the quarter, we secured our second major NPO/CPO win, backed by purchase commitments exceeding $5 billion.” The company did not name the customer.

Lumentum supplies optical and photonic technology for data-center connectivity, cloud computing and communications networks. For its fiscal second quarter, the company forecast revenue of $1.575 billion to $1.625 billion, non-GAAP diluted earnings of $5.90 to $6.20 per share and a non-GAAP operating margin of 45% to 46%.