Overview
Optical tech firm's fiscal Q2 revenue grew 65.5% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q2 beat analyst expectations
Company sees growth opportunities in optical circuit switches and co-packaged optics
Outlook
Lumentum expects Q3 FY 2026 net revenue between $780 mln and $830 mln
Company anticipates Q3 FY 2026 non-GAAP operating margin of 30% to 31%
Lumentum forecasts Q3 FY 2026 non-GAAP EPS of $2.15 to $2.35
Result Drivers
OPTICAL CIRCUIT SWITCHES - Rapid scaling to meet extraordinary customer demand, backlog exceeds $400 mln
MARGIN EXPANSION - Non-GAAP operating margin expanded by over 1,700 basis points year-over-year
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $665.50 mln | $646.86 mln (18 Analysts) |
Q2 Adjusted EPS | Beat | $1.67 | $1.39 (18 Analysts) |
Q2 EPS | $0.89 | ||
Q2 Adjusted Net Income | Beat | $143.90 mln | $114.55 mln (17 Analysts) |
Q2 Adjusted Gross Margin | 42.50% | ||
Q2 Adjusted Operating Margin | 25.20% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 5 "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 $370.00, about 12.6% below its February 2 closing price of $423.42
The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 37 three months ago
Press Release: ID:nBwbs4Mra
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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