Lumentum (LITE) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$2.96

$2.87$3.06

vs $0.88+236.6%

20 analysts

Next Qtr

$3.61

$3.20$4.13

vs $1.10+228.1%

21 analysts

Current Yr

$8.25

$7.96$8.50

vs $2.06+300.7%

21 analysts

Next Yr

$18.10

$9.24$23.84

vs $8.25+119.3%

23 analysts

Revenue Estimates

Current Qtr

$987.37M

$966.80M$1.00B

vs $480.70M+105.4%

17 analysts

Next Qtr

$1.16B

$1.08B$1.26B

vs $533.80M+116.5%

18 analysts

Current Yr

$2.99B

$2.95B$3.02B

vs $1.65B+82.0%

20 analysts

Next Yr

$5.55B

$3.70B$6.64B

vs $2.99B+85.3%

22 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for LITE on EDGAR.

LITE filing events and research context
Filed	Item	Context
May 6, 2026	mda_quarterly	Lumentum’s financial performance for the nine months ended March 28, 2026, reflects a significant recovery, with net revenue increasing 72.4% year-over-year to $2.01 billion. This growth is primarily driven by surging demand for optical components and modules in AI/ML infrastructure and cloud data centers. The company has transitioned to a single, integrated operating segment to streamline resource allocation. Gross margins improved substantially to 38.8% from 25.8% in the prior year, bolstered by higher factory utilization and a favorable product mix shift toward higher-margin laser chips and data transport solutions. Despite this, management notes that supply chain constraints persist, with demand currently outpacing capacity, necessitating ongoing investments in manufacturing. Key risks include volatility in the global trade environment, particularly regarding U.S.-China relations, tariffs, and export controls, which could pressure margins if costs cannot be passed to customers. The company maintains a strong liquidity position with $2.62 billion in cash and equivalents, supported by the recent issuance of Series A Convertible Preferred Stock and 2032 Notes. However, Lumentum faces potential dilution from ongoing convertible note conversions and must navigate complex inventory management and competitive pricing pressures in the AI-driven optical networking market.
Feb 4, 2026	mda_quarterly	Lumentum Holdings Inc. (LITE) reported a significant financial turnaround for the quarter ended December 27, 2025, with net revenue of $665.5 million, up from $402.2 million in the prior-year period. This growth was driven by robust demand for optical and photonic components—specifically laser chips and assemblies—supporting AI/ML infrastructure and data center expansion. The company transitioned to a single, integrated operating segment during the first quarter of fiscal 2026 to streamline management and resource allocation. Gross margin improved substantially to 36.1%, compared to 24.8% in the prior-year period, benefiting from higher factory utilization and increased average selling prices for high-margin laser chips. Operating income reached $64.3 million, a sharp recovery from a $51.6 million loss in the same period last year. Liquidity remains a primary focus for analysts. Following a stock price surge, all outstanding convertible notes (2026, 2028, 2029, and 2032 series) became convertible at the option of holders, requiring the company to reclassify $3.18 billion in debt as current liabilities. While Lumentum maintains sufficient cash and a new $400 million revolving credit facility to manage operations, the potential for early conversion poses a liquidity risk. The company continues to monitor global trade volatility and tariff impacts on its complex supply chain.
Nov 5, 2025	mda_quarterly	Lumentum Holdings Inc. reported a significant financial turnaround for the first quarter of fiscal 2026, with net revenue rising 58.4% year-over-year to $533.8 million, compared to $336.9 million in the prior-year period. This growth was driven by a 63.9% increase in Components revenue, specifically laser chips and sub-assemblies supporting AI/ML infrastructure and data center interconnect applications. Gross margin improved substantially to 34.0% from 23.1%, benefiting from higher factory utilization and a favorable product mix. The company transitioned to a single, integrated reporting segment during the quarter to streamline operations. Liquidity remains strong, with $772.9 million in cash and cash equivalents. Financing activities were dominated by the issuance of $1.265 billion in 2032 Convertible Senior Notes, a portion of which was used to repurchase $581.1 million of 2026 Notes and fund $102 million in capped call options. Management continues to monitor risks associated with a volatile global trade environment, including potential tariffs and export restrictions that could pressure margins. While the company has seen normalized inventory levels among network equipment manufacturers and robust demand from cloud and AI customers, it remains cautious regarding supply chain complexities and the potential for future cost increases.

Filed

Item

Context

May 6, 2026

mda_quarterly

Lumentum’s financial performance for the nine months ended March 28, 2026, reflects a significant recovery, with net revenue increasing 72.4% year-over-year to $2.01 billion. This growth is primarily driven by surging demand for optical components and modules in AI/ML infrastructure and cloud data centers. The company has transitioned to a single, integrated operating segment to streamline resource allocation. Gross margins improved substantially to 38.8% from 25.8% in the prior year, bolstered by higher factory utilization and a favorable product mix shift toward higher-margin laser chips and data transport solutions. Despite this, management notes that supply chain constraints persist, with demand currently outpacing capacity, necessitating ongoing investments in manufacturing. Key risks include volatility in the global trade environment, particularly regarding U.S.-China relations, tariffs, and export controls, which could pressure margins if costs cannot be passed to customers. The company maintains a strong liquidity position with $2.62 billion in cash and equivalents, supported by the recent issuance of Series A Convertible Preferred Stock and 2032 Notes. However, Lumentum faces potential dilution from ongoing convertible note conversions and must navigate complex inventory management and competitive pricing pressures in the AI-driven optical networking market.

Feb 4, 2026

mda_quarterly

Lumentum Holdings Inc. (LITE) reported a significant financial turnaround for the quarter ended December 27, 2025, with net revenue of $665.5 million, up from $402.2 million in the prior-year period. This growth was driven by robust demand for optical and photonic components—specifically laser chips and assemblies—supporting AI/ML infrastructure and data center expansion. The company transitioned to a single, integrated operating segment during the first quarter of fiscal 2026 to streamline management and resource allocation. Gross margin improved substantially to 36.1%, compared to 24.8% in the prior-year period, benefiting from higher factory utilization and increased average selling prices for high-margin laser chips. Operating income reached $64.3 million, a sharp recovery from a $51.6 million loss in the same period last year. Liquidity remains a primary focus for analysts. Following a stock price surge, all outstanding convertible notes (2026, 2028, 2029, and 2032 series) became convertible at the option of holders, requiring the company to reclassify $3.18 billion in debt as current liabilities. While Lumentum maintains sufficient cash and a new $400 million revolving credit facility to manage operations, the potential for early conversion poses a liquidity risk. The company continues to monitor global trade volatility and tariff impacts on its complex supply chain.

Nov 5, 2025

mda_quarterly

Lumentum Holdings Inc. reported a significant financial turnaround for the first quarter of fiscal 2026, with net revenue rising 58.4% year-over-year to $533.8 million, compared to $336.9 million in the prior-year period. This growth was driven by a 63.9% increase in Components revenue, specifically laser chips and sub-assemblies supporting AI/ML infrastructure and data center interconnect applications. Gross margin improved substantially to 34.0% from 23.1%, benefiting from higher factory utilization and a favorable product mix. The company transitioned to a single, integrated reporting segment during the quarter to streamline operations. Liquidity remains strong, with $772.9 million in cash and cash equivalents. Financing activities were dominated by the issuance of $1.265 billion in 2032 Convertible Senior Notes, a portion of which was used to repurchase $581.1 million of 2026 Notes and fund $102 million in capped call options. Management continues to monitor risks associated with a volatile global trade environment, including potential tariffs and export restrictions that could pressure margins. While the company has seen normalized inventory levels among network equipment manufacturers and robust demand from cloud and AI customers, it remains cautious regarding supply chain complexities and the potential for future cost increases.

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LITE filing events and research context

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