Lumentum Holdings Inc. (LITE) Form 10-Q — Nov 3, 2026
Lumentum's fiscal Q1 2027 revenue more than doubled to $1,262.6 million from $533.8 million a year earlier, with net income of $360.3 million ($3.54 diluted EPS) versus $4.2 million ($0.05) in the prior-year quarter. Gross profit reached $644.0 million and operating cash flow $267.7 million, reflecting surging AI/ML and cloud data center demand for its optical and photonic products. The quarter includes an $89.4 million acceleration of stock-based compensation tied to an executive officer's retirement announced in July 2026, which inflated operating expenses (total SBC was $132.5 million).
Key figures
- Eps
- 3.54
- Net Income
- 360.3
- Total Debt
- 1399.6
- Revenue Yoy
- 136.5% (from $533.8M)
- Total Assets
- 7274
- Shares Outstanding
- 90.7 million as of October 30, 2026
- Capital expenditures
- 229.8
- Gross profit q1 fy27
- 644
- Operating income q1 fy27
- 359.8
- Stock based compensation
- 132.5
- Nvidia preferred investment
- $2.0 billion (2.9M shares at $695.31, March 2026)
- Executive retirement sbc acceleration
- 89.4
- Customer capacity reservation installment
- 100
- Net cash provided by operating activities
- 267.7
- Early conversion requests as of oct 30 2026
- $779.9 million
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