AI English summary of an SEC filing — figures as filed
Lumentum LITELumentum said it reported net revenue of $1.26 billion for fiscal 2027 first quarter ended September 26, 2026, with GAAP net income of $360.3 million, or $3.54 per diluted share. Net revenue for Q1 was $1.01 billion, and net revenue for the year-earlier quarter was $533.8 million.
Key points
AI summaryLumentum said it reported net revenue of $1.26 billion for fiscal 2027 first quarter ended September 26, 2026, with GAAP net income of $360.3 million, or $3.54 per diluted share. Net revenue for Q1 was $1.01 billion, and net revenue for the year-earlier quarter was $533.8 million.
The company said its GAAP gross margin for Q1 was 51.0%, its GAAP operating margin was 28.5%, its non-GAAP gross margin was 53.2%, and its non-GAAP operating margin was 42.3%. Its non-GAAP operating margin for the prior quarter was 36.6%.
The company reported net revenue from Components of $754.2 million in Q1, or 59.7% of the total, and net revenue from Systems of $508.4 million, or 40.3%. Sequential growth was 16.1% for Components and 42.4% for Systems.
Lumentum gave an outlook for net revenue of $1.575 billion to $1.625 billion and a non-GAAP operating margin of 45.0% to 46.0% for the second quarter of fiscal 2027, which is Q2. The company said its cash, cash equivalents and short-term investments were $2.0 billion as of Q1, down $758.8 million from the end of the prior quarter.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Fiscal 2027 Q1 Revenue and GAAP Net Income
Lumentum said it reported net revenue of $1.26 billion for fiscal 2027 first quarter ended September 26, 2026, with GAAP net income of $360.3 million, or $3.54 per diluted share. Net revenue for Q1 was $1.01 billion, and net revenue for the year-earlier quarter was $533.8 million.
Source · Based on the filing body and exhibits
GAAP and Non-GAAP Margins
The company said its GAAP gross margin for Q1 was 51.0%, its GAAP operating margin was 28.5%, its non-GAAP gross margin was 53.2%, and its non-GAAP operating margin was 42.3%. Its non-GAAP operating margin for the prior quarter was 36.6%.
Source · Based on the filing body and exhibits
Net Revenue by Product Type
The company reported net revenue from Components of $754.2 million in Q1, or 59.7% of the total, and net revenue from Systems of $508.4 million, or 40.3%. Sequential growth was 16.1% for Components and 42.4% for Systems.
Source · Based on the filing body and exhibits
Q2 Outlook and Quarter-End Cash
Lumentum gave an outlook for net revenue of $1.575 billion to $1.625 billion and a non-GAAP operating margin of 45.0% to 46.0% for the second quarter of fiscal 2027, which is Q2. The company said its cash, cash equivalents and short-term investments were $2.0 billion as of Q1, down $758.8 million from the end of the prior quarter.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
You can verify the report’s figures and statements in the original filing on SEC EDGAR.