Press release
Lumentum Announces First Quarter of Fiscal Year 2026 Financial Results
Net revenue of $533.8 million GAAP gross margin of 34.0%; Non-GAAP gross margin of 39.4% GAAP operating margin of 1.3%; Non-GAAP operating margin of 18.7%
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"\n\nNet revenue of $533.8 million\n\n\nGAAP gross margin of 34.0%; Non-GAAP gross margin of 39.4%\n\n\nGAAP operating margin of 1.3%; Non-GAAP operating margin of 18.7%\n\n\nGAAP diluted net income per share of $0.05; Non-GAAP diluted net income per share of $1.10\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nLumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal first quarter ended September 27, 2025.\n\n“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,” said Michael Hurlston, Lumentum President and CEO.\n\n“Our first-quarter results and forward guidance underscore our strong momentum across data center, data center interconnect, and long-haul markets. Our guidance indicates we expect more than 20 percent sequential revenue growth, even before meaningful contributions from two of our next major growth engines—optical circuit switches and co-packaged optics. Our third driver, cloud transceivers, is expected to grow in our second quarter and should now be on a sustainable upward path. With our broad optical portfolio, we are well positioned to support the rapid expansion of AI compute.”\n\nFiscal First Quarter Highlights:\n\nNet revenue for the first quarter of fiscal year 2026 was $533.8 million, with GAAP net income of $4.2 million, or $0.05 per diluted share. Net revenue for the fourth quarter of fiscal year 2025 was $480.7 million, with GAAP net income of $213.3 million, or $2.96 per diluted share. Net revenue for the first quarter of fiscal year 2025 was $336.9 million, with GAAP net loss of $82.4 million, or $1.21 per diluted share.\n\nNon-GAAP net income for the first quarter of fiscal year 2026 was $86.4 million, or $1.10 per diluted share. Non-GAAP net income for the fourth quarter of fiscal year 2025 was $63.3 million, or $0.88 per diluted share. Non-GAAP net income for the first quarter of fiscal year 2025 was $12.2 million, or $0.18 per diluted share.\n\nThe Company held $1,121.8 million in total cash, cash equivalents, and short-term investments at the end of the first quarter of fiscal year 2026, up $244.7 million from the end of the fourth quarter of fiscal year 2025.\n\n\n\...