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Lumentum Holdings (LITE) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 3, 2026 · Lumentum Holdings (LITE) Q1 FY27 earnings results →

Q1 FY27 Revenue up 136% year over year to $1.3B · 29¢ of every $1 of revenue kept as net profit · operating margin 28.5%

Lumentum Holdings made $1.3B in Q1 FY27 (+136% Y/Y). Operating margin 28.5%, net earnings $360M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$1.3B
Year over year+136%
Operating margin28.5%
Net earnings$360M
Operating cash flow$268M

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Lumentum Holdings Q1 FY27 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $1.3B in Q1 FY27, up 137% year over year and up 25% from the previous quarter.

Gross margin was 51.0%, up 17.0 points from Q1 FY26. Operating profit was $0.36B, a 28.5% margin (up 27.2 points year over year). Of the extra revenue versus Q1 FY26, 48% reached operating profit, above the 1% margin then. Operating expenses grew 63% against revenue growth of 137%. Net earnings were $0.36B, up 8479% year over year. The effective tax rate was 2.7%.

Operating cash flow was $0.27B (up 362% year over year), 74% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items used $0.30B. Capital expenditures of $0.23B left free cash flow of $0.04B.

Quarterly history

Lumentum Holdings revenue by quarterLumentum Holdings revenue by quarter$425MQ3 FY25$481MQ4 FY25$534MQ1 FY26$666MQ2 FY26$808MQ3 FY26$1.0BQ4 FY26$1.3BQ1 FY27
Lumentum Holdings net earnings by quarterLumentum Holdings net earnings by quarter−$44.1MQ3 FY25$213MQ4 FY25$4.2MQ1 FY26$78.2MQ2 FY26$144MQ3 FY26−$7.2BQ4 FY26$360MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 3, 2026$1.3B+136%28.5%$360M$268M
Q4 FY2610-KAug 17, 2026$1.0B+109%27.8%−$7.2B$363M
Q3 FY2610-QMay 6, 2026$808M+90%21.6%$144M$204M
Q2 FY2610-QFeb 4, 2026$666M+66%9.7%$78.2M$127M
Q1 FY2610-QNov 5, 2025$534M+58%1.3%$4.2M$57.9M
Q4 FY2510-KAug 19, 2025$481M+56%-1.7%$213M$64.0M
Q3 FY2510-QMay 7, 2025$425M+16%-8.9%−$44.1M−$1.6M

Charts

Lumentum Holdings: revenue growth, year over year and quarter over quarterLumentum Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+16%Q3 FY25+56%+13%Q4 FY25+58%+11%Q1 FY26+66%+25%Q2 FY26+90%+21%Q3 FY26+109%+24%Q4 FY26+136%+25%Q1 FY27
Latest (Q1 FY27): Y/Y +136%, Q/Q +25%.
Lumentum Holdings: where the cash came from (+) and went (−), TTM to Q1 FY27Lumentum Holdings: where the cash came from (+) and went (−), TTM to Q1 FY27Other financing$1.0BOperating cash flow$961MCapital spending−$605MTaxes on employees’ shares−$540MCash drawn (+) / kept (−)−$499MOther investing−$395MAsset & business sales$48.0MNet borrowing (+) / repaid (−)−$17.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Lumentum Holdings: profit against cash, quarter by quarterLumentum Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$60.9M$24.3MQ2 FY25−$44.1M−$1.6MQ3 FY25$213M$64.0MQ4 FY25$4.2M$57.9MQ1 FY26$78.2M$127MQ2 FY26$144M$204MQ3 FY26−$7.2B$363MQ4 FY26$360M$268MQ1 FY27
Latest (Q1 FY27): Net income $360M, Operating cash flow $268M.
Lumentum Holdings: diluted shares by fiscal yearLumentum Holdings: diluted shares by fiscal year78MFY2174MFY2268MFY2367MFY2470MFY2575MFY26
-4.8% since FY21: buybacks shrank the count.
Lumentum Holdings in its industry: growth against margin (12 companies, SIC 3669)Lumentum Holdings in its industry: growth against margin (12 companies, SIC 3669)revenue growth, year over year →↑ operating marginmedian +6%median 3%ESEAIOTTBCHNSSCINSGREKRTRCKKSCPAMPGRSKIAASNSLITE (+136%, 28%)
Communications Equipment, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

AI data-center capex money flowAI data-center capex · Optics & interconnect

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Lumentum Holdings

Lumentum Holdings Inc. (“we,” “us,” “our”, “Lumentum” or the “Company”) is a global leader in optical and photonic technologies and an industry-leading provider of optical and photonic products based on revenue and market share. Our products are essential to a range of cloud, artificial intelligence and machine learning (“AI/ML”), telecommunications, consumer, and industrial end-market applications. We operate in one reportable segment as a single, integrated enterprise. See “Note 17. Operating Segments and Geographic Information” to the consolidated financial statements.

In its own words, from its 10-K, filed Aug 17, 2026.

Lumentum Holdings against its Communications Equipment, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +136% against the peers' median +5%. Operating margin: 28.5% against the peers' median 2.8%.

CompanyQuarterRevenueY/YOp. margin
LITE Lumentum HoldingsQ1 FY27$1.3B+136%28.5%
ESE ESCO TechnologiesQ3 FY26$339M+14%12.1%
AIOT PowerfleetQ1 FY27$111M+6%0.2%
TBCH Turtle BeachQ3 2026$84.7M+5%6.9%
NSSC Napco Security TechnologiesQ1 FY27$50.0M+2%28.2%
INSG InseegoQ3 2026$33.3M-28%-21.6%
REKR Rekor SystemsQ2 2026$12.7M+2%1.8%
TRCK Track GroupQ3 FY26$9.1M-0.1%2.8%
KSCP KnightscopeQ2 2026$9.0M+228%-145.1%

Source: Lumentum Holdings 10-Q on SEC EDGAR · CIK 1633978 · Communications Equipment, NEC

Guidance and outlook

Lumentum Holdings Revenue: guidance against what was reportedLumentum Holdings Revenue: guidance against what was reportedguided rangereported (above / within / below)Q3 FY25$425MQ4 FY25$481MQ1 FY26$534MQ2 FY26$666MQ3 FY26$808MQ4 FY26$1.0BQ1 FY27$1.3BQ2 FY27
Met or beat 7 of 7 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Lumentum Holdings: what its forward-looking statements are about (10-Q filed 2026-11-03)Lumentum Holdings: what its forward-looking statements are about (10-Q filed 2026-11-03)Other8Costs3Demand2Supply chain1Margins1Capital spending1Financing1
17 statements; tone +0.18 (−1 all cautious, +1 all confident); 4 hedged.
Lumentum Holdings: outlook statements against the filing beforeLumentum Holdings: outlook statements against the filing beforeConfident6Cautious3

13F: who owns LITE and who is buying

Largest holders of LITE (13F)Largest holders of LITE (13F)BlackRock$7.9BVanguard Capital Management LLC$4.4BVanguard Portfolio Management LLC$3.5BFMR LLC$3.0BState Street$3.0BInvesco$2.7BVanguard Group$2.7BGeode Capital Management, LLC$1.9BJupiter Topco LLC$1.6BArrowstreet Capital, Limited Part…$1.2B
Funds' net buying of LITE by quarter (13F)Funds' net buying of LITE by quarter (13F)−$130M2024-09−$153M2024-12$479M2025-03$204M2025-06−$827M2025-09−$29.5M2025-12−$3.4B2026-03$1.5B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on LITE

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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