Lumentum provides forward guidance on Revenue ($M range) and Non-GAAP Diluted EPS ($ range). Guidance is sourced from 8-K press releases filed with SEC EDGAR. Actual results use figures from the subsequent earnings report. Verdicts are dynamically computed: Exceeded = actual strictly above guidance high; Met = actual within range (inclusive); Not Met = actual below guidance low. Lumentum’s fiscal year ends in late June (Q1=Jul-Sep, Q2=Oct-Dec, Q3=Jan-Mar, Q4=Apr-Jun). Note: Q4 FY2020 Non-GAAP EPS of $5.42 includes significant one-time items. Q1 FY2023 EPS guidance was not available from the filing. Source URLs link to SEC EDGAR filings.
Click column headers to sort. Revenue in $M, EPS in $.
| Quarter ▾ | Date | Metric ▾ | Guidance Low ▾ | Guidance High ▾ | Guidance Mid | Actual ▾ | Δ vs Mid | Verdict ▾ | Source |
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From 8-K press releases filed with SEC EDGAR. Non-GAAP diluted EPS.
| Quarter | Revenue ($M) | Non-GAAP EPS ($) | Source |
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Multi-year targets communicated by Lumentum management at earnings calls and investor events. These are separate from quarterly guidance.
| Target | Timeline | Details | Date Announced | Status |
|---|---|---|---|---|
| $600M quarterly revenue | Near-term milestone | Initial near-term milestone for AI/datacom-driven growth. Achieved $665.5M in Q2 FY2026 — 2 quarters ahead of schedule. | FY2025 earnings calls | Achieved |
| $1.25B quarterly revenue | ~9–12 months (from Feb 2026) | Next major milestone. Expected ~35% non-GAAP operating margin at this scale. Driven by 800G/1.6T transceiver ramp. | Q2 FY2026 earnings (Feb 3, 2026) | On Track |
| $2B quarterly revenue | Calendar year 2028 | Long-term goal with ~40% non-GAAP operating margin and >$30 Non-GAAP EPS. 9–12 months after reaching $1.25B milestone. | Q2 FY2026 earnings (Feb 3, 2026) | On Track |
| Non-GAAP EPS >$30 | Calendar year 2028 | At $2B quarterly revenue run rate with ~40% operating margin. Implies ~$8B annual revenue. | Q2 FY2026 earnings (Feb 3, 2026) | On Track |
| NVIDIA $2B strategic investment | Announced March 2, 2026 | Strategic investment to support 1.6T optical chip commercialization and supply chain integration. | March 2, 2026 | Completed |
| S&P 500 inclusion | Effective March 23, 2026 | Added to S&P 500 index, reflecting market cap growth driven by AI/datacom demand. | March 2026 | Completed |
| Cloud Light acquisition ($750M) | Completed Nov 7, 2023 | Acquired Cloud Light Technology for 400G/800G transceiver capabilities. Strengthened cloud networking portfolio. | June 2023 (announced) | Completed |
| Order backlog through 2028 | Through 2028 | Management stated order backlog is fully booked through 2028, providing revenue visibility for multi-year growth trajectory. | Q2 FY2026 earnings (Feb 3, 2026) | Secured |