Quarterly ResultMay 5, 2026, 04:18 PM
Lumentum Q3 FY26 Revenue $808.4M (+90% YoY); Non-GAAP EPS $2.37
AI Summary
Lumentum Holdings Inc. reported exceptional results for its fiscal third quarter ended March 28, 2026, with net revenue growing 90.1% year-over-year to a record $808.4 million. The company also achieved significant margin expansion, with non-GAAP gross margin improving by 1,270 basis points and non-GAAP operating margin by 2,140 basis points year-over-year. Diluted non-GAAP net income per share was $2.37, a substantial increase from the prior year. Lumentum also provided a strong outlook for the fourth quarter of fiscal year 2026.
Key Highlights
- Net revenue for Q3 FY26 was $808.4 million, a 90.1% increase year-over-year.
- GAAP diluted net income per share was $1.50 for Q3 FY26, compared to $(0.64) in Q3 FY25.
- Non-GAAP diluted net income per share was $2.37 for Q3 FY26, up from $0.57 in Q3 FY25.
- Non-GAAP gross margin improved to 47.9% in Q3 FY26, a 1,270 bps increase year-over-year.
- Non-GAAP operating margin reached 32.2% in Q3 FY26, up 2,140 bps year-over-year.
- Total cash, cash equivalents, and short-term investments stood at $3,172.3 million.
- Lumentum expects Q4 FY26 net revenue in the range of $960 million to $1.01 billion.
- Non-GAAP diluted EPS for Q4 FY26 is projected to be $2.85 to $3.05.