Lumentum (LITE) Q1 2026 Earnings
How Did LITE Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +0.89%.
Did LITE Beat Earnings? Q1 2026 Results
Yes. Lumentum reported Q1 2026 earnings of $1.10 a share on Nov 4, 2025, beating the $1.03 consensus estimate by 7.0%. Revenue was $533.8M against a $526.5M estimate.
Lumentum capped a breakout fiscal Q1 2026 with results that landed at the top of its own guidance range, as the optical networking specialist posted revenue of $533.80 million — a 58.4% year-over-year surge — edging past the $526.46 million consensus estimate by 1.39%. Non-GAAP EPS of $1.10 cleared the $1.03 analyst consensus by 7.05%, with non-GAAP operating margin expanding a striking 1,570 basis points year-over-year to 18.7%. The primary engine behind that momentum was the Components product line, which generated $379.20 million — 71% of total revenue — rising 63.9% year-over-year as AI-driven demand for cloud transceivers and optical networking infrastructure accelerated sharply. For investors who have been <a href="https://247wallst.com/investing/2026/02/03/live-lumentum-announces-q4-earnings-tonight-after-416-rally/">tracking Lumentum's recent rally</a>, the forward guidance adds further weight to the bull case: management projects Q2 FY2026 revenue of $630 million to $670 million, implying more than 20% sequential growth, alongside non-GAAP EPS of $1.30 to $1.50, as optical circuit switches and co-packaged optics remain nascent contributors yet to meaningfully hit the revenue line.
- 58% year-over-year revenue growth driven by data center, data center interconnect, and long-haul markets
- Non-GAAP operating margin expansion of over 1,500 basis points year-over-year
- Components revenue grew 63.9% year-over-year to $379.2 million
- Revenue, operating margin, and EPS all came in at the high end of guidance ranges
- Total cash, cash equivalents, and short-term investments increased $244.7 million sequentially to $1,121.8 million
“In our fiscal first quarter, we saw year-over-year revenue growth of 58 percent and operating margin expansion of over 1,500 basis points on a non-GAAP basis. Revenue, operating margin, and earnings per share all came in at the high end of our guidance ranges.”
Lumentum CEO, on the earnings call
What Was Lumentum's Outlook in Q1 2026?
For Q2 FY2026, Lumentum guided net revenue in the range of $630 million to $670 million, non-GAAP operating margin of 20.0% to 22.0%, and non-GAAP diluted EPS of $1.30 to $1.50. Management expects more than 20% sequential revenue growth, driven by strong momentum across data center, data center interconnect, and long-haul markets. Cloud transceivers are expected to grow in Q2 and are described as being on a sustainable upward path. Optical circuit switches and co-packaged optics have not yet contributed meaningfully but are identified as next major growth engines.
LITE YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $533.8M | $336.9M | +58.4% |
| Gross Profit | $181.5M | $77.9M | +133.0% |
| Operating Income | $6.7M | $3.2M | +108.1% |
| Net Income | $4.2M | $2.0M | +105.1% |
LITE Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.