Lumentum (LITE) Stock Surges 8% After Blowout Earnings Beat Street on Every Metric
TLDR
- Lumentum posted Q4 adjusted EPS of $3.23, up from $0.88 a year ago, beating the $2.97 consensus estimate
- Revenue hit $1.01 billion, up 109% year-over-year, topping Wall Street’s $988 million forecast
- Non-GAAP gross margin crossed 50% for the first time, reaching 50.4%
- Q1 FY2027 guidance came in at $1.25 billion revenue midpoint, well above the $1.16 billion analyst estimate
- LITE stock jumped as much as 8.7% in premarket trading to $892, extending a 586% gain over the past 12 months
Lumentum (LITE) stock surged as much as 8.7% in premarket trading Wednesday, hitting $892, after the optical-networking company posted a blowout fiscal fourth quarter that topped estimates on every key metric.
Adjusted EPS came in at $3.23, up sharply from $0.88 a year ago and ahead of the $2.97 analyst consensus. Revenue soared 109% year-over-year to $1.01 billion, beating the Wall Street forecast of $988 million.
It was the company’s eighth consecutive quarter of top-line growth.
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