Lumentum Holdings Inc. filed its Form 10-Q with the SEC on November 3, 2026, covering the fiscal first quarter ended September 26, 2026, and reporting net revenue of $1,262.6 million alongside net income of $360.3 million for the period.

Key Highlights

  • Net revenue of $1,262.6 million for the three months ended September 26, 2026, compared with $533.8 million in the same quarter of the prior year, according to the filing.
  • Net income of $360.3 million for the quarter, up from $4.2 million in the prior-year period, the company disclosed.
  • Diluted earnings per share of $3.54, based on 101.7 million diluted shares, versus $0.05 on 78.3 million diluted shares one year earlier.
  • Cash and cash equivalents of $1,272.2 million as of September 26, 2026, down from $2,043.5 million at June 27, 2026, with the decline driven in part by $493.3 million in payments for conversions of convertible notes.
  • Total assets of $7,274.0 million as of September 26, 2026, compared with $7,307.5 million at June 27, 2026.
  • Net cash provided by operating activities of $267.7 million for the quarter, versus $57.9 million in the prior-year quarter.
  • 90.7 million shares of common stock outstanding as of October 30, 2026, the registrant reported.

Lumentum's First Fiscal Quarter 2027 Financial Results in Detail

According to the filing, Lumentum Holdings Inc. (NASDAQ:LITE) reported net revenue of $1,262.6 million for the three months ended September 26, 2026, compared with $533.8 million for the three months ended September 27, 2025. Gross profit was $644.0 million for the current quarter, against $181.5 million in the year-ago quarter. Income from operations reached $359.8 million, compared with $6.7 million a year earlier. The company also recorded a gain on sale of business, net of $6.9 million in the current period.

The condensed consolidated balance sheet as of September 26, 2026 showed total current assets of $3,853.0 million, including accounts receivable, net of $625.7 million, inventories of $807.7 million, and an accrued accounts receivable balance of $100.0 million that was not present at June 27, 2026. Property, plant and equipment, net increased to $1,410.4 million from $1,159.1 million at the prior quarter end. Goodwill stood at $1,069.9 million. Total stockholders' equity was $4,572.6 million, with an accumulated deficit of $7,436.0 million, the filing disclosed.

The statement of cash flows indicated that capital expenditures totaled $229.8 million for the quarter, versus $76.2 million a year earlier. Stock-based compensation of $132.5 million and depreciation of $43.6 million were among the non-cash adjustments noted. Financing activities reflected a payment of $306.9 million for withholding taxes related to net share settlement of restricted stock units and $493.3 million for conversions of convertible notes. Research and development expenses were $191.8 million for the quarter, and selling, general and administrative expenses were $99.3 million, the registrant reported.

What Was Disclosed

Lumentum Holdings filed its quarterly report covering the three months ended September 26, 2026, disclosing revenue of $1,262.6 million, net income of $360.3 million, diluted EPS of $3.54, and total assets of $7,274.0 million, with 90.7 million common shares outstanding as of October 30, 2026.