Quarterly ResultMay 6, 2026, 06:08 AM
Lumentum Q3 Net Revenue $808.4M, Net Income $144.2M, EPS $1.50
AI Summary
Lumentum Holdings Inc. reported strong financial results for the third quarter and nine months ended March 28, 2026, with significant increases in net revenue and a return to profitability compared to the prior year. The company undertook key financing activities, including the issuance of Series A Convertible Preferred Stock and 2032 Notes, alongside a partial repurchase of 2026 Notes. Additionally, Lumentum reorganized its operations into a single reportable segment, effective from the first quarter of fiscal year 2026.
Key Highlights
- Lumentum reported Q3 2026 net revenue of $808.4 million and net income of $144.2 million.
- Q3 2026 diluted EPS was $1.50, a significant improvement from $(0.64) year-over-year.
- Nine-month net revenue grew to $2,007.7 million from $1,164.3 million year-over-year.
- Nine-month net income was $226.6 million, compared to a $(187.4) million net loss.
- Net cash from operating activities for nine months was $388.4 million, up from $62.3 million.
- Issued $1,999.7 million in Series A Convertible Preferred Stock and $1,254.7 million in 2032 Notes.
- Repurchased $843.1 million of 2026 Notes.
- Reorganized into a single reportable segment, effective Q1 fiscal year 2026.
Price Impact
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