Lumentum

Q4 FY2026 EarningsFY26 beat revenue consensus with $3,014.0M vs. $2,993.26M expected, driven by a 173% surge in cloud transceiver shipments and strong demand for 200G laser chips. GAAP EPS of -$92.96 was a significant miss against the $4.94 expectation, primarily due to a non-cash $7.76B loss on debt extinguishment from aggressive note equitizations. Operating cash flow of $751.4M exceeded the $525.35M consensus by 43.03%, while a strategic $2.0B investment from NVIDIA significantly strengthened the liquidity position.