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Lumentum Soars Over 7% in Pre-Market Trading After Strong Earnings and Guidance

On August 12, optical communications stock Lumentum (LITE.US) surged over 7% in pre-market trading, reaching $882.99. Lumentum reported its fourth fiscal quarter results for the period ending June 27, 2026, with net revenue more than doubling year-over-year to $1.01 billion, exceeding market expectations of approximately $990 million and significantly higher than the $480.7 million reported in the same period last year. Adjusted earnings per share (EPS) on a non-GAAP basis skyrocketed 267% year-over-year to $3.23, surpassing the expected $2.97. The adjusted gross margin was 50.4%, compared to the anticipated 48.8%. The company forecasts first-quarter revenue between $1.23 billion and $1.28 billion, while the market estimate stands at $1.16 billion. Adjusted EPS is expected to be between $4.05 and $4.35, exceeding the market expectation of $3.61. The non-GAAP operating margin is projected to be between 39.5% and 40.5%. This indicates that the company is not only accelerating its revenue growth but also moving towards a profit margin near 40%.

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