Overview
Lumentum 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 expects Q2 FY26 revenue between $630 mln and $670 mln
Company forecasts Q2 FY26 non-GAAP EPS of $1.30 to $1.50
Lumentum 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/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $533.79 mln | $525.36 mln (16 Analysts) |
Q1 Adjusted EPS | Beat | $1.10 | $1.02 (17 Analysts) |
Q1 EPS | $0.05 | ||
Q1 Adjusted Net Income | Beat | $86.40 mln | $76.32 mln (16 Analysts) |
Q1 Adjusted Gross Margin | 39.40% | ||
Q1 Adjusted Operating Margin | 18.70% |
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 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: ID:nBwgTRrpa
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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.)