Lumentum Q3 revenue rises 90%, slightly beats estimates

Lumentum Holdings

05/05/2026 21:11

Overview

US optical tech firm's fiscal Q3 revenue rose 90% yr/yr, slightly beating analyst expectations

Adjusted EPS for fiscal Q3 beat consensus

Company cites margin expansion from operational rigor, pricing discipline, and product mix

Outlook

Lumentum expects Q4 net revenue between $960 mln and $1.01 bln

Company sees Q4 non-GAAP operating margin of 35.0% to 36.0%

Lumentum projects Q4 non-GAAP diluted EPS of $2.85 to $3.05

Result Drivers

MARGIN EXPANSION - Margin improvement driven by operational rigor, pricing discipline, and product mix, per CEO Michael Hurlston

PRODUCT MIX - Strong performance in laser chips and 'scale-across' components, including pump lasers and narrow linewidth laser assemblies, aided product mix

Company press release: ID:nBwr0PmLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$808.40 mln
$804.31 mln (19 Analysts)
Q3 Adjusted EPS
Beat
$2.37
$2.27 (19 Analysts)
Q3 EPS
$1.50
Q3 Adjusted Net Income
Beat
$225.70 mln
$202.53 mln (18 Analysts)
Q3 Adjusted Gross Margin
47.90%
Q3 Adjusted Operating Margin
32.20%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Lumentum Holdings Inc is $900.00, about 7.8% below its May 4 closing price of $976.18

The stock recently traded at 67 times the next 12-month earnings vs. a P/E of 51 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)