During the earnings call, Lumentum said demand for its optical circuit switching products remains “incredibly strong” for 2027. The company is expanding capacity with contract manufacturers and at its own factories to meet rising demand.
Earnings Snapshot
Lumentum reported adjusted earnings of $3.23 per share, beating the $2.97 consensus estimate, according to Benzinga Pro data.
Revenue jumped 109% year over year to $1.01 billion, topping the $987.89 million Street estimate.
Adjusted gross margin expanded 1,260 basis points to 50.4%, helped by better manufacturing utilization, product mix and pricing. Adjusted operating margin increased 2,160 basis points to 36.6%, reflecting strong operating leverage from AI-related demand.
