<span item_type="fundamental" item_id="1eb308614607e6f8253ac1fa83b37fd1" counter_id="ST/US/LITE" env="prod"></span><span item_type="announcement" item_id="645219148951917057" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 808.4 M, missing the estimate of USD 810.05 M.</p><p>EPS: As of FY2026 Q3, the actual value is USD 1.5, beating the estimate of USD 1.4259.</p><p>EBIT: As of FY2026 Q3, the actual value is USD 190 M.</p><p></p><h4>Net Revenue</h4><p>[Lumentum Holdings Inc.] reported net revenue of $808.4 million for the third quarter of fiscal year 2026, marking a 90.1% increase year-over-year and a 21.5% increase quarter-over-quarter. For the nine months ended March 28, 2026, net revenue was $2,007.7 million, compared to $1,164.3 million for the nine months ended March 29, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Gross Margin</h4><p>GAAP gross margin for Q3 FY26 was 44.2%, an increase from 36.1% in Q2 FY26 and 28.8% in Q3 FY25. Non-GAAP gross margin was 47.9% for Q3 FY26, improving by 540 basis points quarter-over-quarter from 42.5% in Q2 FY26, and up from 35.2% in Q3 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Operating Margin</h4><p>GAAP operating margin for Q3 FY26 was 21.6%, compared to 9.7% in Q2 FY26 and -8.9% in Q3 FY25. Non-GAAP operating margin reached 32.2% in Q3 FY26, an improvement of 700 basis points from 25.2% in Q2 FY26, and significantly up from 10.8% in Q3 FY25. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Net Income (Loss)</h4><p>GAAP net income for Q3 FY26 was $144.2 million, compared to $78.2 million in Q2 FY26 and a net loss of - $44.1 million in Q3 FY25. Non-GAAP net income for Q3 FY26 was $225.7 million, an increase from $143.9 million in Q2 FY26 and $40.9 million in Q3 FY25. For the nine months ended March 28, 2026, GAAP net income was $226.6 million, compared to a net loss of - $187.4 million for the same period in the prior year. Non-GAAP net income for the nine months ended March 28, 2026, was $456.0 million, up from $83.1 million in the prior year period. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Cash, Cash Equivalents, and Short-Term Investments</h4><p>[Lumentum Holdings Inc.] held $3,172.3 million in total cash, cash equivalents, and short-term investments at the end of Q3 FY26, an increase of $2,017.0 million from the end of Q2 FY26, primarily due to proceeds from the issuance of Series A Convertible Preferred Stock. Specifically, cash and cash equivalents were $2,617.8 million, and short-term investments were $554.5 million as of March 28, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>EBITDA and Adjusted EBITDA</h4><p>EBITDA for Q3 FY26 was $241.1 million, and Adjusted EBITDA was $293.5 million. For the nine months ended March 28, 2026, EBITDA was $438.9 million, and Adjusted EBITDA was $619.4 million. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Operating Expenses</h4><p>For Q3 FY26, GAAP research and development expenses were $90.6 million, GAAP selling, general and administrative expenses were $90.8 million, and restructuring and related charges were $1.1 million. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Total Assets and Liabilities</h4><p>Total assets amounted to $7,027.9 million as of March 28, 2026. Total liabilities were $4,054.5 million as of the same date. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Net Revenue by Product Type (Q3 FY26)</h4><p>Revenue from Components was $533.3 million, representing 66.0% of total net revenue. Revenue from Systems was $275.1 million, accounting for 34.0% of total net revenue. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p><h4>Business Outlook</h4><p>For the fourth quarter of fiscal year 2026, [Lumentum Holdings Inc.] anticipates net revenue to be in the range of $960 million to $1.01 billion. The company expects a non-GAAP operating margin of 35.0% to 36.0% and non-GAAP diluted earnings per share of $2.85 to $3.05. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite_ex991xq3fy26.htm"></span></p>

The AI ​​optical communication chain surged and then retreated during the day, with LITE and COHR experiencing a sharp drop after hours, and APH continuing its downward trend. After the sector's continuous surge, the divergence among bulls has increased significantly. Is this a mid-term consolidation or a sign of a pullback? What's your opinion?

<p>The AI ​​optical communication chain surged and then retreated during the day, with LITE and COHR experiencing a sharp drop after hours, and APH continuing its downward trend. After the sector's continuous surge, the divergence among bulls has increased significantly. Is this a mid-term consolidation or a sign of a pullback? What's your opinion?</p>

Lumentum | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 808.4 M