Lumentum Q4 2026: Revenue Doubles as AI Optics Demand Surges
As seen on the 24/7 Wall St. homepage on August 11, 2026.
AI optics demand just doubled Lumentum's quarterly revenue year over year, and management now sees $4.05 to $4.35 in EPS next quarter, hitting its target operating model more than a quarter early.
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AI-driven demand for optical connectivity doubled Lumentum Holdings' business, with Q4 2026 revenue of $1.01 billion, up 109% year over year across both segments.
Adjusted EPS of $3.23 came in ahead of expectations, and non-GAAP gross margin expanded to 50.4%, showing the revenue surge is reaching profitability rather than being consumed by costs.
Management guided Q1 FY2027 revenue to $1.225 billion to $1.275 billion, a level CEO Michael Hurlston said brings the company to its target operating model more than a quarter ahead of schedule.
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Hurlston pointed to new growth layers beyond the current wave: 1.6T cloud module adoption, ultra-high-power CPO lasers, an initial ELS module order, and early in-rack connectivity via NPO engagements.
Keep an eye on the stock against the Q1 FY2027 operating margin target of 39.5% to 40.5%, a step up from the 36.6% reported in Q4.
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