Lumentum — First Quarter Fiscal Year 2027 Earnings Summary

Lumentum Holdings Inc. reported first-quarter fiscal 2027 net revenue of $1.26 billion, representing a 136.5% increase year-over-year and a 25.5% sequential increase. The company achieved a GAAP operating margin of 28.5% and a non-GAAP operating margin of 42.3%, driven by growth in pump lasers and optical circuit switches. Lumentum secured a second major NPO/CPO win with purchase commitments exceeding $5 billion and projects second-quarter fiscal 2027 revenue between $1.575 billion and $1.625 billion. The company ended the quarter with $2.0 billion in total cash, cash equivalents, and short-term investments.