Lumentum Announces First Quarter of Fiscal Year 2027 Financial Results
Business Wire•02/11/2026•07:00 ET
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Key Highlights
- ➤Q1 revenue $1.2626 billion, up 25.5% sequentially and 136.5% year over year
- ➤Q1 GAAP net income $360.3 million, versus $4.2 million year earlier
- ➤Q2 revenue forecast $1.575 billion to $1.625 billion
- ➤Q2 non-GAAP operating margin forecast 45.0% to 46.0%
- ➤Second major NPO/CPO win backed by purchase commitments exceeding $5 billion
Expert Statements
Michael Hurlston, President and CEO of Lumentum
“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 fiscal 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.”
Lumentum Announces First Quarter of Fiscal Year 2027 Financial Results
GAAP operating margin of 28.5%; Non-GAAP operating margin of 42.3%
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