Filing Flows › Lumentum Holdings (LITE) › Q1 FY27
Lumentum Holdings (LITE) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 3, 2026
Lumentum Holdings (LITE) reported revenue of $1.3B for the first quarter fiscal 2027 (Q1 FY27), +137% from a year earlier and +25% from the quarter before. Operating margin was 28.5%, net earnings $360M (28.5% of revenue).
Lumentum Holdings, Q1 FY27: revenue $1.3B (+136% year over year), operating margin 28.5%, net earnings $360M, operating cash flow $268M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +25% | +137% |
| Gross profit | $644M | +35% | +255% |
| Operating profit | $360M | +29% | 54× |
| Net earnings | $360M | — | 86× |
| Operating cash flow | $268M | -26% | +362% |
| Free cash flow | $37.9M | -81% | — |
What changed
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.
Questions
What was Lumentum Holdings' revenue in the first quarter fiscal 2027?
Lumentum Holdings (LITE) reported revenue of $1.3B for the first quarter fiscal 2027 (Q1 FY27), +137% from a year earlier and +25% from the quarter before.
Was Lumentum Holdings profitable in the first quarter fiscal 2027?
Operating profit was $360M (28.5% of revenue) and net earnings $360M.
Source: Lumentum Holdings 10-Q on SEC EDGAR.