Filing Flows › Lumentum Holdings (LITE) › Q2 FY26
Lumentum Holdings (LITE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 4, 2026
Lumentum Holdings (LITE) reported revenue of $666M for the second quarter fiscal 2026 (Q2 FY26), +65% from a year earlier and +25% from the quarter before. Operating margin was 9.7%, net earnings $78.2M (11.8% of revenue).
Lumentum Holdings, Q2 FY26: revenue $666M (+66% year over year), operating margin 9.7%, net earnings $78.2M, operating cash flow $127M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $666M | +25% | +65% |
| Gross profit | $240M | +32% | +141% |
| Operating profit | $64.3M | +860% | — |
| Net earnings | $78.2M | 19× | — |
| Operating cash flow | $127M | +119% | +421% |
| Free cash flow | $43.1M | — | — |
What changed
Revenue was $665.5M in Q2 FY26, up 65% year over year and up 25% from the previous quarter.
Gross margin was 36.1%, up 11.3 points from a year earlier. Operating profit was $64.3M, a 9.7% margin (up 22.5 points year over year). Operating expenses grew 16% against revenue growth of 65%. The fastest-growing cost line was SG&A (+26%). Net earnings were $78.2M. The effective tax rate was 19.0%. Non-operating items added $32.2M, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $126.7M (up 421% year over year), 162% of net earnings. Non-cash charges added back $64.6M of depreciation and amortization and $45.4M of share-based compensation. Working capital and other items used $61.5M. Capital expenditures of $83.6M left free cash flow of $43.1M.
Questions
What was Lumentum Holdings' revenue in the second quarter fiscal 2026?
Lumentum Holdings (LITE) reported revenue of $666M for the second quarter fiscal 2026 (Q2 FY26), +65% from a year earlier and +25% from the quarter before.
Was Lumentum Holdings profitable in the second quarter fiscal 2026?
Operating profit was $64.3M (9.7% of revenue) and net earnings $78.2M.
Source: Lumentum Holdings 10-Q on SEC EDGAR.