Lumentum Analysts Increase Their Forecasts Following Better-Than-Expected Q2 Results

Core Viewpoint - Lumentum Holdings Inc reported strong second-quarter financial results, exceeding analyst expectations, and provided optimistic third-quarter guidance, indicating robust growth and profitability [1][2][3]. Financial Performance - The company reported quarterly earnings of $1.67 per share, surpassing the analyst consensus estimate of $1.40 per share [1]. - Quarterly sales reached $665.500 million, exceeding the analyst consensus estimate of $646.677 million [1]. Future Guidance - For the third quarter, Lumentum expects adjusted EPS in the range of $2.15 to $2.35, compared to market estimates of $1.55 [2]. - The company anticipates sales between $780.000 million and $830.000 million, significantly above estimates of $695.713 million [2]. Growth Metrics - Lumentum achieved over 65% year-over-year revenue growth and a non-GAAP operating margin expansion exceeding 1,700 basis points [3]. - The revenue for the second quarter hit the high end of the company's guidance range, with profitability and EPS expanding beyond prior expectations [3]. Market Reaction - Following the earnings announcement, Lumentum shares increased by 11.7%, reaching $486.51 in pre-market trading [3].