Filing Flows › Lumentum Holdings (LITE) › Q1 FY26
Lumentum Holdings (LITE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 5, 2025
Lumentum Holdings (LITE) reported revenue of $534M for the first quarter fiscal 2026 (Q1 FY26), +58% from a year earlier and +11% from the quarter before. Operating margin was 1.3%, net earnings $4.2M (0.8% of revenue).
Lumentum Holdings, Q1 FY26: revenue $534M (+58% year over year), operating margin 1.3%, net earnings $4.2M, operating cash flow $57.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $534M | +11% | +58% |
| Gross profit | $182M | +14% | +133% |
| Operating profit | $6.7M | — | — |
| Net earnings | $4.2M | -98% | — |
| Operating cash flow | $57.9M | -10% | +46% |
What changed
Revenue was $533.8M in Q1 FY26, up 58% year over year and up 11% from the previous quarter.
Gross margin was 34.0%, up 10.9 points from a year earlier. Operating profit was $6.7M, a 1.3% margin (up 25.7 points year over year). Operating expenses grew 9% against revenue growth of 58%. The fastest-growing cost line was SG&A (+12%). Net earnings were $4.2M. The effective tax rate was 19.2%.
Operating cash flow was $57.9M (up 46% year over year), 1379% of net earnings. Non-cash charges added back $62.2M of depreciation and amortization and $42.4M of share-based compensation. Working capital and other items used $50.9M. Capital expenditures of $76.2M exceeded it, leaving free cash flow of −$18.3M.
Questions
What was Lumentum Holdings' revenue in the first quarter fiscal 2026?
Lumentum Holdings (LITE) reported revenue of $534M for the first quarter fiscal 2026 (Q1 FY26), +58% from a year earlier and +11% from the quarter before.
Was Lumentum Holdings profitable in the first quarter fiscal 2026?
Operating profit was $6.7M (1.3% of revenue) and net earnings $4.2M.
Source: Lumentum Holdings 10-Q on SEC EDGAR.