Lumentum Holdings Inc
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ISIN null / Valor 28285011
Lumentum Holdings Inc
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About company
Lumentum Holdings Inc. is a key player in the photonics industry, specializing in the development and manufacturing of a wide range of photonic products. These products play a crucial role in enhancing the performance and efficiency of global communications networks, catering to the increasing demand for high-bandwidth applications such as streaming video, gaming, and machine vision. The company's portfolio also extends to the production of high-performance industrial lasers, including kilowatt-class fiber lasers and ultrafast solid-state lasers, which are integral in the precision manufacturing of various products like automobiles, solar cells, displays, and semiconductor chips. Furthermore, Lumentum is recognized for its pioneering efforts and leadership in the field of advanced diode lasers, which are essential for 3D sensing applications across mobile devices, autonomous driving technologies, in-cabin driver monitoring systems, advanced imaging, and other innovative applications. Through its comprehensive range of products, Lumentum is at the forefront of addressing the complex needs of data transmission and processing within the rapidly evolving technological landscape.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (02.04.2026):
Lumentum Holdings Inc reported results for its fiscal second quarter of fiscal year 2026 (three months ended December 27, 2025), delivering net revenue of $665.5 million — up 65.5% year-over-year — with GAAP net income of $78.2 million ($0.89 diluted EPS) and non-GAAP net income of $143.9 million ($1.67 diluted EPS). The company showed strong margin expansion (GAAP gross margin 36.1% / non-GAAP gross margin 42.5%; GAAP operating margin 9.7% / non-GAAP operating margin 25.2%), grew cash + short-term investments to $1,155.3 million, and provided guidance for continued high growth in the next quarter.
Revenue and growth
Net revenue: $665.5M in Q2 FY2026 (up 65.5% YoY, up 24.7% Q/Q). Components: $443.7M (66.7% of revenue, +68.3% YoY). Systems: $221.8M (33.3% of revenue, +60.1% YoY).
Profitability and margins
GAAP gross margin 36.1% and GAAP operating margin 9.7%. Non-GAAP gross margin 42.5% and non-GAAP operating margin 25.2%, reflecting significant operating leverage (non-GAAP operating margin expansion ~1,730 bps YoY).
Earnings per share and adjusted results
GAAP diluted net income per share: $0.89. Non-GAAP diluted net income per share: $1.67. Adjusted EBITDA for the quarter: $198.3M.
Cash, liquidity and balance sheet highlights
Total cash, cash equivalents and short-term investments: $1,155.3M (up $33.5M sequentially). Total current assets $2,283.2M and total assets $4,805.3M. Note: current portion of long-term debt increased materially on the balance sheet to $3,240.2M as reported for Dec 27, 2025.
Non‑GAAP adjustments and one‑time items
Non-GAAP results exclude items such as stock‑based comp, amortization of acquired intangibles, acquisition/integration costs and an escrow settlement. The company recorded a $27.5M escrow settlement and a $9.8M acquisition-related warranty provision in the period (treated as adjustments for non-GAAP metrics).
Outlook and growth opportunities
Q3 FY2026 guidance: revenue $780M–$830M, non-GAAP operating margin 30.0%–31.0%, and non-GAAP diluted EPS $2.15–$2.35. Management highlighted rapidly growing demand and backlog ( > $400M) for optical circuit switches (OCS) and an incremental multi‑hundred‑million‑dollar CPO order deliverable in H1 calendar 2027.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
56504 M
Market cap (USD)
5,547,735
Daily traded volume (Shares)
84.88 / 82.16
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
William Gonzalez
Damon Nie
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