Lumentum Holdings Inc.: Beat — EPS $4.57, Revenue $1.26B
Earnings BeatQ1 2027 · Pre-market
Did Lumentum Holdings Inc. (LITE) beat earnings today?
Yes, Lumentum Holdings Inc. (LITE) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+8.29% surprise
$4.57Actual
Expected: $4.22
vs. year ago +315.5%
Total Revenue+1.01% surprise
$1.26BActual
Expected: $1.25B
vs. year ago +136.5%
Released Nov 02 · 7:00 AM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Net revenue | $1.26B | $533.80M | +136.5 |
| Revenue detail — reported lines | |||
| └─Components | $754.20M | $379.20M | +98.9 |
| └─Systems | $508.40M | $154.60M | +228.8 |
| GAAP Basic EPS | $3.90 | $0.06 | +6400.0 |
| GAAP Diluted EPS | $3.54 | $0.05 | +6980.0 |
| Non-GAAP EPS | $4.57 | $1.10 | +315.5 |
| GAAP Net Income | $360.30M | $4.20M | +8478.6 |
| Non-GAAP Net Income | $461.10M | $86.40M | +433.7 |
Financial Outlook / Guidance
| Metric | Q2 FY27 Outlook | Expected | Full Year Outlook |
|---|---|---|---|
| Net revenue | $1.575B-$1.625B | $1.48BBeat +8.11% | — |
| Non-GAAP operating margin | 45.0%-46.0% | — | — |
| Non-GAAP diluted earnings per share | $5.90-$6.20 | $5.08Beat +19.09% | — |
Business Highlights
- ➤Secured a second major NPO/CPO win with purchase commitments exceeding $5 billion.
- ➤Expanded visibility into OCS demand, positioning optical switching as a multi-billion-dollar annual revenue stream.
- ➤Continued strength in the cloud modules business.
- ➤Ramped the Greensboro, North Carolina facility through process qualification activities.
- ➤Sold a certain product line for total proceeds of $12.3 million.
Management Commentary
Michael Hurlston, President and CEO
“Lumentum built on its strong momentum in the first fiscal quarter of 2027, delivering growth across all our businesses, with pump lasers and optical circuit switches (OCS) being the leading contributors. During the quarter, we secured our second major NPO/CPO win, backed by purchase commitments exceeding $5 billion. Additionally, our OCS demand visibility has expanded significantly in recent months, positioning optical switching to become a multi-billion-dollar annual revenue stream. Finally, we continue to see strength in our cloud modules business which is showing improvement on the gross margin line,”
“Looking ahead, we anticipate adding approximately $350 million in sequential growth in our second quarter, a figure greater than the quarterly revenue of the whole company just two years ago. Furthermore, we project our second quarter operating margin to exceed 45 percent.”