--- title: "Lumentum | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 808.4 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285303936.md" datetime: "2026-05-06T03:22:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285303936.md) - [en](https://longbridge.com/en/news/285303936.md) - [zh-HK](https://longbridge.com/zh-HK/news/285303936.md) --- # Lumentum | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 808.4 M Revenue: As of FY2026 Q3, the actual value is USD 808.4 M, missing the estimate of USD 810.05 M. EPS: As of FY2026 Q3, the actual value is USD 1.5, beating the estimate of USD 1.4259. EBIT: As of FY2026 Q3, the actual value is USD 190 M. #### Net Revenue \[Lumentum Holdings Inc.\] 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. #### Gross Margin 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. #### Operating Margin 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. #### Net Income (Loss) 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. #### Cash, Cash Equivalents, and Short-Term Investments \[Lumentum Holdings Inc.\] 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. #### EBITDA and Adjusted EBITDA 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. #### Operating Expenses 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. #### Total Assets and Liabilities 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. #### Net Revenue by Product Type (Q3 FY26) 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. #### Business Outlook 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. ### Related Stocks - [LITE.US](https://longbridge.com/en/quote/LITE.US.md) ## Related News & Research - [Lumentum Holdings Inc. to Join the Nasdaq-100 Index® Beginning May 18, 2026 | NDAQ Stock News](https://longbridge.com/en/news/285784757.md) - [Lumentum builds on its scorching stock rally after earning a spot in this hot index](https://longbridge.com/en/news/285966556.md) - [The Glimpse Group to Announce Q3 Fiscal Year 2026 Financial Results On Thursday, March 14, 2026 After Market Close | GGRP Stock News](https://longbridge.com/en/news/285944604.md) - [GEODRILL ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS](https://longbridge.com/en/news/285931865.md) - [CRESUD S.A.C.I.F. y A. announces its results for the third quarter of Fiscal Year 2026 ended March 31, 2026 | CRESY Stock News](https://longbridge.com/en/news/285632196.md)