Lumentum reports 1.26 billion USD revenue for fiscal Q1 2027
Lumentum exceeded analyst expectations in its first fiscal quarter of 2027, reporting revenue of 1.26 billion USD driven by strong demand in AI infrastructure.
Optical and photonic technology provider Lumentum released its financial results for the first quarter of fiscal 2027, which ended September 26, 2026. The company generated 1.26 billion USD in total revenue, marking a 136.5 percent increase compared to the same period last year.
Net income reached 360 million USD. Growth was primarily supported by the Systems division, which saw a 228.8 percent surge in revenue as demand for optical switching systems and high-performance components in AI data centers expanded. The GAAP gross margin for the quarter stood at 51 percent.
Lumentum reported a significant order backlog for NPO/CPO technology, with purchase commitments exceeding 5 billion USD. Looking forward, the company anticipates revenue between 1.575 billion and 1.625 billion USD for the second fiscal quarter. Cash and cash equivalents at the end of the period totaled 2 billion USD.