Lumentum Sees 'Incredibly Strong' 2027 Demand, Guides Q1 Well Above Estimates
LITE has more than doubled off its 52-week low of $111.2.
Summary
Lumentum's fiscal Q4 beat and Q1 guidance far exceeded expectations, with revenue of $1.01B (up 109% YoY) and adjusted EPS of $3.23 vs. $2.97 consensus. The company guided Q1 revenue to $1.23B-$1.28B and adjusted EPS to $4.05-$4.35, well above the $1.16B and $3.61 Street estimates. CEO Michael Hurlston highlighted 'incredibly strong' 2027 demand for optical circuit switching products, driven by AI data center buildouts. Record 800G transceiver shipments and initial 1.6T production signal accelerating adoption. Pump lasers are sold out, with shipments expected to quadruple, and optical circuit switch revenue is set to hit triple-digit millions next quarter. The company is expanding capacity at its own fabs and with contract manufacturers. Shares surged 7.63% premarket, reflecting the magnitude of the beat and the bullish demand outlook.
At the time of this announcement, LITE was trading at $887.23 on NASDAQ in the Technology sector, with a market capitalization of approximately $63.8B. The 52-week trading range was $111.20 to $1,085.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.