Q4 26 EPS Adjusted
$3.23
BEAT +8.79%
Est. $2.97
Q4 26 Revenue
$1.01B
BEAT +1.88%
Est. $987.7M
Full Year 2026 Results
FY 26 EPS
$8.67
BEAT +5.39%
Est. $8.23
FY 26 Revenue
$3.01B
BEAT +0.69%
Est. $2.99B
Market Reaction
Did LITE Beat Earnings? Q4 2026 Results
Lumentum Holdings delivered a blowout fiscal fourth quarter, posting adjusted EPS of $3.23 against the $2.97 consensus, an 8.79% beat, while revenue of $1.01 billion edged past the $987.70 million estimate and more than doubled year-over-year, up 109… Read more Lumentum Holdings delivered a blowout fiscal fourth quarter, posting adjusted EPS of $3.23 against the $2.97 consensus, an 8.79% beat, while revenue of $1.01 billion edged past the $987.70 million estimate and more than doubled year-over-year, up 109.3% from $480.70 million. The company's explosive growth was fueled by surging AI-driven demand for optical connectivity solutions, with its Components segment generating $649.40 million, up 102.7% year-over-year, and Systems revenue climbing 122.6% to $356.90 million. Non-GAAP gross margin expanded sharply to 50.4%, up 1,260 basis points from a year ago, reflecting the operating leverage now embedded in the business. Those powerful results carried directly into guidance, with Lumentum projecting Q1 FY2027 revenue of $1.23 billion to $1.28 billion and non-GAAP EPS of $4.05 to $4.35, a trajectory management said brings the company to its target operating model more than a quarter ahead of schedule.
Key Takeaways
- • AI compute workload growth driving demand for optical links in data centers
- • Broad-based traction across product segments
- • Non-GAAP gross margin expansion to 50.4%, up 1,260bps year-over-year
- • Non-GAAP operating margin expansion to 36.6%, up 2,160bps year-over-year
- • Components revenue grew 102.7% YoY; Systems revenue grew 122.6% YoY
LITE Forward Guidance & Outlook
For Q1 FY2027, Lumentum expects net revenue of $1.225 billion to $1.275 billion, non-GAAP operating margin of 39.5% to 40.5%, and non-GAAP diluted net income per share of $4.05 to $4.35. Management noted the company is reaching its target model more than a quarter ahead of schedule, driven by accelerating AI demand.
LITE YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
LITE Revenue by Segment
With YoY comparisons, source: SEC Filings
“Lumentum is positioned at the heart of a secular industry shift. As AI compute workloads increase in both speed and bandwidth, data center architects are turning to optical links as a primary means of connectivity. While our Q4 results demonstrate broad-based traction, key growth drivers such as OCS solutions and our cloud module business, where we are advancing 1.6T adoption, are beginning to layer in. Increasing demand for ultra-high-power CPO lasers, an initial order for ELS modules, as well as our breadth of NPO engagements are the first signs that optics are starting to penetrate in-rack connectivity, significantly upping our optical TAM.”
— Michael Hurlston, Q4 2026 Earnings Press Release
LITE Earnings Trends
LITE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LITE EPS Trend
Earnings per share: estimate vs actual
LITE Revenue Trend
Quarterly revenue: estimate vs actual
LITE Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $2.97 | $3.23 | +8.79% | $1.01B | +1.88% |
| FY Full Year | $8.23 | $8.67 | +5.39% | $3.01B | +0.69% |
| Q3 26 BEAT | $2.27 | $2.37 | +4.62% | $808.4M | -0.20% |
| Q2 26 BEAT | $1.41 | $1.67 | +18.57% | $665.5M | +2.06% |
| Q1 26 BEAT | $1.03 | $1.10 | +7.05% | $533.8M | +1.39% |
| Q4 25 MISS FY | $1.01 | $0.88 | -12.88% | $480.7M | -8.47% |
| FY Full Year | $4.78 | $2.06 | -56.94% | $1.65B | +0.87% |
| Q3 25 BEAT | $0.50 | $0.57 | +13.66% | $425.2M | +1.68% |