Overview

* Lumentum ( LITE ) fiscal Q1 revenue grows 58% yr/yr, beating analyst expectations

* Adjusted EPS for fiscal Q1 beats consensus, reflecting robust performance

* Company anticipates over 20% sequential revenue growth in fiscal Q2

Outlook

* Lumentum ( LITE ) expects Q2 FY26 revenue between $630 mln and $670 mln

* Company forecasts Q2 FY26 non-GAAP EPS of $1.30 to $1.50

* Lumentum ( LITE ) anticipates Q2 FY26 non-GAAP operating margin of 20% to 22%

Result Drivers

* DATA CENTER AND LONG-HAUL MARKETS - Co attributes strong Q1 performance to momentum in data center, data center interconnect, and long-haul markets

* OPTICAL PORTFOLIO - Co says broad optical portfolio positions it well for AI compute expansion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $533.79 $525.36

Revenue mln mln (16

Analysts

)

Q1 Beat $1.10 $1.02

Adjusted (17

EPS Analysts

)

Q1 EPS $0.05

Q1 Beat $86.40 $76.32

Adjusted mln mln (16

Net Analysts

Income )

Q1 39.40%

Adjusted

Gross

Margin

Q1 18.70%

Adjusted

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Lumentum Holdings Inc ( LITE ) is $165.00, about 21% below its November 3 closing price of $199.58

* The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)