Lumentum Q1 Revenue Jumps 136.5% to $1.26B; Net Income $360.3M Ahead of Marvell Deal
LITE has more than doubled off its 52-week low of $184.2.
Summary
Lumentum's Q1 FY2027 revenue rose 136.5% to $1.26 billion with 51.0% gross margin and $360.3 million of net income, disclosed alongside the merger terms with Marvell already announced on November 2.
Key Events · Earnings and Guidance · LITE
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Q1 Revenue More Than Doubles
Net revenue reached $1,262.6 million, up 136.5% from $533.8 million a year earlier, with Components up 98.9% and Systems up 228.8%.
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Gross Margin Jumps to 51.0%
Gross profit rose to $644.0 million from $181.5 million, lifting gross margin to 51.0% from 34.0% on higher factory utilization and richer product mix.
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Net Income $360.3 Million
Diluted EPS was $3.54 versus $0.05 a year ago; results include $132.5 million of stock-based compensation, of which $89.4 million was accelerated from an executive retirement.
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Merger Breakup Fees Quantified
Lumentum may owe Marvell $2.9 billion under specified termination circumstances; Marvell may owe Lumentum $5.8 billion, or a $3.2 billion regulatory termination fee.
Analysis · LITE · Manufacturing
The first quarterly report since the Marvell merger announcement shows the business accelerating hard: revenue more than doubled to $1.26 billion and gross margin jumped to 51.0% from 34.0%, producing $360.3 million of net income versus $4.2 million a year ago. That performance underpins the $1.58-$1.63 billion Q2 guide already issued. The filing also quantifies the merger's breakup terms — Lumentum would owe Marvell $2.9 billion, while Marvell would owe Lumentum $5.8 billion, or $3.2 billion for a regulatory failure — which frames how committed both sides are. Cash fell to $1.27 billion as $493.3 million went out the door to settle convertible note conversions and $306.9 million to cover RSU withholding taxes, but $779.9 million of additional early conversion requests are pending, meaning more cash will leave before the deal closes.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 40.9% of the 1143 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.37%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LITE was trading at $689.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $61.6B. The 52-week trading range was $184.20 to $1,143.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.