Lumentum reports Q2 non-GAAP EPS $1.52, consensus $1.32

Reports Q2 revenue $506.0M, consensus $506.99M. "Our Q2 financial and operational performance was very strong, led by robust demand from our Telecom and Commercial Lasers customers. Non-GAAP operating margin and Non-GAAP EPS were both above the high end of our guidance range with revenue above the midpoint," said Alan Lowe, CEO. "These results reflect structural improvement in the long-term operating costs of the company, as we continue to execute on our synergy plan."