Lumentum (LITE) Reports 90.1% Revenue Growth in Q3 2026 Earnings
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowLumentum Holdings Inc. (LITE) reported fiscal third-quarter 2026 revenue of $808.4 million, a 90.1% increase year over year. The non-GAAP operating margin reached 32.2%, while non-GAAP diluted earnings per share climbed to $2.37, up from $0.57 a year earlier. Analysts from JPMorgan reiterated an Overweight rating and maintained their price target amid concerns about co-packaged optics adoption. This growth reflects Lumentum's strong momentum in laser chips and components, positioning it favorably in the AI optical networking market and potentially influencing future earnings.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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