Lumentum(US:LITE) ZACKS·2026-02-04 17:45Core Insights - Lumentum (LITE) reported strong financial results for Q2 fiscal 2026, with non-GAAP earnings of $1.67 per share, exceeding the Zacks Consensus Estimate by 18.68% and showing a significant increase from 42 cents in the same quarter last year [2][9] - Non-GAAP revenues reached $665.5 million, surpassing the consensus mark by 1.85%, and reflecting a 24.7% sequential increase and a 65.5% year-over-year growth, indicating robust demand for optical components and systems [2][9] Financial Performance - The Components segment accounted for 66.7% of total revenues, increasing 68.3% year-over-year to $443.7 million, while System revenues contributed 33.3% and rose 60.1% year-over-year to $221.8 million [3][9] - Non-GAAP gross margin improved to 42.5% from 32.3% in the previous year, and non-GAAP operating margin expanded to 25.2% from 7.9% year-over-year, reflecting a better cost structure [4][9] Balance Sheet - As of December 27, 2025, Lumentum's cash and cash equivalents, including short-term investments, were $1.15 billion, slightly up from $1.12 billion as of September 27, 2025 [5] Future Guidance - For Q3 fiscal 2026, Lumentum anticipates non-GAAP revenues between $780 million and $830 million, with an expected non-GAAP operating margin of 30% to 31% and diluted earnings per share projected between $2.15 and $2.35 [6] Market Position - Lumentum holds a Zacks Rank 1 (Strong Buy), indicating a favorable outlook compared to other stocks in the Computer & Technology sector, such as Ciena, Microchip Technology, and MKS, which also have a Zacks Rank 1 [7]