Lumentum's third quarter 2026 revenue surged 90% and beat estimates, driven by massive margin expansion and a strong outlook.

Lumentum reported third quarter fiscal 2026 revenue of $808.4 million and non-GAAP EPS of $2.37, beating analyst expectations. Revenue grew 90.1% year-over-year, driven by strong demand across both its Components and Systems product lines.

Key Highlights

• Revenue grew 90.1% year-over-year to a record $808.4 million, while non-GAAP operating margin expanded significantly to 32.2%, up from 10.8% in the prior year.
• The Systems product line was a key growth driver, with revenue surging 121.1% year-over-year to $275.1 million, outpacing the 77.3% growth in the Components segment.
• Management issued strong guidance for the fourth quarter, forecasting revenue between $960 million and $1.01 billion and non-GAAP operating margin to expand further to a range of 35.0% to 36.0%.