Earnings call analysis

Lumentum (LITE) Q4 FY2026 Earnings Call: Guidance and Outlook

The company provided guidance for the first quarter of fiscal year 2027, projecting continued record-breaking revenue growth and margin expansion.

About Lumentum. , established in 2015 and headquartered in San Jose, California, is a global leader in optical and photonic product manufacturing. The company's reach extends across the Americas, Asia-Pacific, Europe, the Middle East, and Africa. Lumentum operates through two principal business units: Optical Communications (OpComms) and Commercial Lasers.

Call date

Aug 11, 2026

Sentiment score

+45 Positive

Management tone, -100 to +100

Sentiment change

vs Q3 FY2026 call

Sector

Information Technology, Communications Equipment

Next report

Feb 2, 2027

View calendar

Quarterly guidance

Revenue: $1.225 billion to $1.275 billion
Non-GAAP Operating Margin: 39.5% to 40.5%
Non-GAAP EPS: $4.05 to $4.35

Annual guidance

Annual guidance: No annual guidance was given.

Outlook

AI Demand: Data center architects are increasingly turning to optical links as AI compute workloads increase in speed and bandwidth.
CPO/NPO: The company expects demand for ultra high-power laser chips for CPO in the second half of calendar 2027, with NPO serving as an additive opportunity.
Pump Lasers: The company expects a fourfold increase in pump laser shipments over the next several quarters.
1.6T Transceivers: Uptake is expected to intensify starting in fiscal Q1 and sustain through calendar 2027.
Greensboro Fab: The facility is expected to begin revenue generation in early 2028, ramping through the year.
Supply/Demand: Significant supply/demand imbalances persist for EMLs and high-power lasers.

Sources and method

Dombey's summary of the Lumentum Q4 FY2026 earnings call held Aug 11, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 8, 2026. All earnings call analyses

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