Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q1 FY2026 Earnings Presentation
9 slides from Lumentum's earnings presentation, Nov 4, 2025
Slide 1: Q1 FY26 Conference Call
Q1 FY26 Conference Call November 4, 2025
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 belief and
Slide 3: Revenue by Product Type
Revenue by Product Type Beginning Q1 FY26, we disaggregate revenue by product type: Components and Systems. ▪ Components: Individual building blocks (e.g., laser chips, sub-assemblies, wavelength management systems) supplied to customers who integrate them into larger systems. ▪ Systems: Complete, s
Slide 4: Q1 FY26 Key Points
Q1 FY26 Key Points ▪ Revenue & Performance – Cloud and AI business accelerating, driving Q1 revenue up 58% and expanding operating margin >1,500 bps (YoY basis) – Q1 revenue and EPS at high end of guided range ▪ Components – Revenue up 18% QoQ and 64% YoY; broad-based growth from intra-data center,
Slide 5: Q1 FY26 Results (GAAP)
Q1 FY26 Results (GAAP) $ in millions Q1 FY26 Q4 FY25 Q1 FY25 except for EPS, % of revenue Revenue $533.8 $480.7 $336.9 Gross Margin 181.5 34.0% 159.9 33.3% 77.9 23.1% Operating Expenses 174.8 32.7% 168.3 35.0% 160.3 47.6% Operating Income (Loss) 6.7 1.3% (8.4) (1.7)% (82.4) (24.5)% Diluted EPS $0.05
Slide 6: Q1 FY26 Results (Non-GAAP)
Q1 FY26 Results (Non-GAAP) $ in millions Q1 FY26 Q4 FY25 Q1 FY25 except for EPS, % of revenue Revenue $533.8 $480.7 $336.9 Gross Margin 210.3 39.4% 181.6 37.8% 110.4 32.8% Operating Expenses 110.5 20.7% 109.3 22.7% 100.4 29.8% Operating Income 99.8 18.7% 72.3 15.0% 10.0 3.0% Diluted EPS $1.10 $0.88
Slide 7: Balance Sheet
Balance Sheet Selected Items Q1 FY26 Q4 FY25 $ in millions Cash and Short-term Investments $1,121.8 $877.1 Working Capital (1) 516.6 447.4 Property, Plant & Equipment, net 794.8 726.4 Total Assets 4,613.1 4,218.7 Total Liabilities 3,832.3 3,084.0 Shareholder’s Equity 780.8 1,134.7 (1) Working capita
Slide 8: Q2 FY26 Guidance (Non-GAAP)
Q2 FY26 Guidance (Non-GAAP) Guidance is based on our expectations as of today and will not be updated or confirmed Q1 FY26 Q2 FY26 $ in millions Actual Guidance except for EPS, % of revenue Revenue $533.8 $630 – $670 Operating Margin 18.7% 20.0% – 22.0% Diluted EPS $1.10 $1.30 – $1.50 Diluted Shares
Slide 9: Thank you
Thank you ZLUMENTUM