Lumentum forecasts upbeat first-quarter revenue on AI demand

Lumentum Holdings

11/08/2026 21:53

Aug 11 (Reuters) - Photonic product maker Lumentum Holdings LITE.O forecast first-quarter revenue above analysts' expectations and beat fourth-quarter estimates on Tuesday, driven by strong demand for its optical components that are critical for AI infrastructure.
Here are some details:
Lumentum makes photonic products, including high-performance lasers and optical components used in AI, cloud computing and communications networks.
The San Jose, California-based company posted fourth-quarter revenue of $1.01 billion, above analysts' average estimate of $987.9 million, according to data compiled by LSEG.
Adjusted profit per share came in at $3.23, also beating the estimate of $2.97.
"As AI compute workloads increase in both speed and bandwidth, data center architects are turning to optical links as a primary means of connectivity," CEO Michael Hurlston said in a statement.
Lumentum forecast first-quarter revenue of $1.23 billion to $1.28 billion, above analysts' estimate of $1.16 billion.
It expects first-quarter adjusted profit per share in the range of $4.05 to $4.35, compared with the estimate of $3.61.
Revenue from components, Lumentum's largest business segment, doubled over the year earlier to $649.4 million in the fourth quarter.

 (Reporting by Anzar Mehraj in Bengaluru; Editing by Shilpi Majumdar)
 ((Anzar.Mehraj@thomsonreuters.com))