Lumentum (LITE) Reports 90.1% Revenue Growth in Q3 2026 Earnings

AI Summary

Lumentum 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.