Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q2 2026 Earnings Presentation
9 slides from Lumentum's earnings presentation, Feb 3, 2026
Slide 1: Q2 FY26 Conference Call
Q2 FY26 Conference Call February 3, 2026
Slide 2: Forward Looking Statements and Financial Presentation
Forward Looking Statements and Financial Presentation This presentation and our earnings call contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding: our revenue, pr
Slide 3: Q2 FY26 Key Points
Q2 FY26 Key Points ▪ Revenue & Performance – Cloud and AI business drove Q2 total company revenue up >65% and expanded operating margin >1,700 bps (YoY basis) – Q2 revenue at high end of guided range – EPS above guided range as a result of structural improvements in gross and operating margin ▪ Comp
Slide 4: Revenue by Product Type
Revenue by Product Type Q2 FY26 Q1 FY26 Q2 FY25 $ in millions Components $443.7 66.7% $379.2 71.0% $263.7 65.6% Systems 221.8 33.3% 154.6 29.0% 138.5 34.4% Total $665.5 100.0% $533.8 100.0% $402.2 100.0% © 2026 Lumentum Holdings Inc 4
Slide 5: Q2 FY26 Results (GAAP)
Q2 FY26 Results (GAAP) Q2 FY26 Q1 FY26 Q2 FY25 $ in millions, except for EPS Revenue $665.5 $533.8 $402.2 Gross Margin 240.1 36.1% 181.5 34.0% 99.6 24.8% Operating Expenses 175.8 26.4% 174.8 32.7% 151.2 37.6% Operating Income (Loss) 64.3 9.7% 6.7 1.3% (51.6) (12.8)% Diluted EPS $0.89 $0.05 $(0.88) D
Slide 6: Q2 FY26 Results (Non-GAAP)
Q2 FY26 Results (Non-GAAP) Q2 FY26 Q1 FY26 Q2 FY25 $ in millions, except for EPS Revenue $665.5 $533.8 $402.2 Gross Margin 282.6 42.5% 210.3 39.4% 130.0 32.3% Operating Expenses 114.9 17.3% 110.5 20.7% 98.3 24.4% Operating Income 167.7 25.2% 99.8 18.7% 31.7 7.9% Diluted EPS $1.67 $1.10 $0.42 Diluted
Slide 7: Balance Sheet
Balance Sheet Selected Items Q2 FY26 Q1 FY26 $ in millions Cash and Short-term Investments $1,155.3 $1,121.8 Working Capital (1) 600.5 516.6 Property, Plant & Equipment, net 813.5 794.8 Total Assets $4,805.3 $4,613.1 Total Liabilities $3,958.7 $3,832.3 Shareholder’s Equity $846.6 $780.8 (1) Working
Slide 8: Q3 FY26 Guidance (Non-GAAP)
Q3 FY26 Guidance (Non-GAAP) Guidance is based on our expectations as of today and will not be updated or confirmed Q2 FY26 Q3 FY26 Actual Guidance (1) $ in millions, except for EPS Revenue $665.5 $780 – $830 Operating Margin 25.2% 30.0% – 31.0% Diluted EPS $1.67 $2.15 – $2.35 Diluted Shares – M 86.1
Slide 9: Thank you
Thank you ZLUMENTUM