EarningsQ4 2026 Earnings Report
MX:LITE Q4 2026 EPS Results
Actual EPS$54.92
Consensus EPS$50.48
Beat/MissBeat by +$4.44
One Year Ago EPS$14.96
MX:LITE Q4 2026 Revenue Results
Actual Revenue$17.11B
Expected Revenue$16.79B
Beat/MissBeat by +$316.33M
YoY Revenue Growth+109.34%
Earnings Announcement Details
QuarterQ4 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
MX:LITE Upcoming Earnings
Lumentum Holdings's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:LITE Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted substantial revenue acceleration, strong margin expansion, record shipments across multiple product lines, and accelerated adoption of 1.6T and new optical architectures (NPO/CPO/ELS). Management provided confident near-term guidance (Q1 midpoint $1.25B) and outlined capacity and supply actions (AXT deal, Greensboro ramp, CapEx). Key challenges were a large one-time GAAP charge from convertible note conversions (non-cash), continued supply constraints in certain products (notably ultra-high-power lasers and ongoing EML demand shortfall), and a cash decline tied to the conversion. Overall, positives (strong growth, margin leverage, product momentum, guidance beat) materially outweigh the negatives, though execution on supply ramp and capacity expansion remains critical.Company Guidance
Record Quarterly Revenue and Strong Growth Momentum
Revenue surged 109% year-over-year to $1.01 billion in Q4, marking the eighth consecutive quarter of top-line growth and the third consecutive quarter with >20% sequential growth.
Components and Systems Both Robust
Components revenue reached $649.4M (up 22% sequentially and 103% YoY) and Systems revenue reached $356.9M (up 30% sequentially and 123% YoY), showing broad-based demand across product categories.
Margin Expansion and Operating Leverage
Q4 non-GAAP gross margin crossed 50% to 50.4% (up 250 bps sequentially and 1,260 bps YoY). Non-GAAP operating margin expanded to 36.6% (up 440 bps sequentially and 2,160 bps YoY), demonstrating strong operating leverage.
Strong Profitability on Non-GAAP Basis
Q4 non-GAAP net income was $326.3M with non-GAAP EPS of $3.23. Non-GAAP operating profit was $368.8M and adjusted EBITDA was $406.4M.
Ahead of Internal Targets and Upsized Guidance
Management expects to hit the $1.25B quarterly revenue target more than one quarter early; Q1 FY27 revenue guidance midpoint is $1.25B (over 130% YoY growth) with non-GAAP operating margin guidance of 39.5%-40.5% and EPS guidance $4.05-$4.35.
Product and Technology Milestones
Record 800G cloud transceiver shipments and initiation of production for 1.6T modules; EML and CW laser ramps with 200G EMLs now >25% of EML revenue; narrow-linewidth laser assemblies shipments up >130% YoY; pump laser shipments surged >80% YoY.
OCS and ELS Adoption Accelerating
OCS internal manufacturing shipments doubled from fiscal Q3 to Q4 and company expects its first triple-digit OCS revenue quarter in the coming quarter. Company also secured its first external line source (ELS) module purchase for delivery in H2 calendar 2027.
Capacity Investments and Strategic Supply Agreements
CapEx of $167M in Q4 focused on manufacturing capacity for cloud/AI customers; signed substrate supply agreement (AXT) to address indium phosphide demand and moving forward with Greensboro fab ramp expected to begin revenue in early 2028.
MX:LITE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed