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Lumentum Holdings (LITE) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 6, 2026
Lumentum Holdings (LITE) reported revenue of $808M for the third quarter fiscal 2026 (Q3 FY26), +90% from a year earlier and +21% from the quarter before. Operating margin was 21.6%, net earnings $144M (17.8% of revenue).
Lumentum Holdings, Q3 FY26: revenue $808M (+90% year over year), operating margin 21.6%, net earnings $144M, operating cash flow $204M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $808M | +21% | +90% |
| Gross profit | $357M | +49% | +191% |
| Operating profit | $174M | +171% | — |
| Net earnings | $144M | +84% | — |
| Operating cash flow | $204M | +61% | — |
| Free cash flow | $79.1M | +84% | — |
What changed
Revenue was $808.4M in Q3 FY26, up 90% year over year and up 21% from the previous quarter.
Gross margin was 44.2%, up 15.4 points from Q3 FY25. Operating profit was $174.5M, a 21.6% margin (up 30.5 points year over year). Operating expenses grew 14% against revenue growth of 90%. Net earnings were $144.2M. The effective tax rate was 21.5%.
Operating cash flow was $203.8M, 141% of net earnings. Non-cash charges added back $66.6M of depreciation and amortization and $41.6M of share-based compensation. Working capital and other items used $48.6M. Capital expenditures of $124.7M left free cash flow of $79.1M.
Questions
What was Lumentum Holdings' revenue in the third quarter fiscal 2026?
Lumentum Holdings (LITE) reported revenue of $808M for the third quarter fiscal 2026 (Q3 FY26), +90% from a year earlier and +21% from the quarter before.
Was Lumentum Holdings profitable in the third quarter fiscal 2026?
Operating profit was $174M (21.6% of revenue) and net earnings $144M.
Source: Lumentum Holdings 10-Q on SEC EDGAR.