Lumentum(US:LITE)2025-11-04 22:00Q1 FY26 Results - The company's Q1 FY26 revenue reached $533.8 million[12, 13, 15], compared to $480.7 million in Q4 FY25[12, 13] and $336.9 million in Q1 FY25[12, 13], demonstrating a significant year-over-year increase of 64%[11] - GAAP gross margin was 34.0%[12], while non-GAAP gross margin was 39.4%[13] - GAAP operating income was $6.7 million[12], a significant improvement from an $82.4 million loss in Q1 FY25[12], while non-GAAP operating income was $99.8 million[13], compared to $10.0 million in Q1 FY25[13] - GAAP diluted EPS was $0.05[12], compared to $(1.21) in Q1 FY25[12], while non-GAAP diluted EPS was $1.10[13], compared to $0.18 in Q1 FY25[13] Revenue Breakdown & Key Drivers - Systems revenue increased 47% year-over-year, driven by cloud transceivers[11] - Cloud and AI business is accelerating, driving Q1 revenue up 58% and expanding operating margin >1,500 bps (YoY basis)[11] - 3D sensing revenue is below 5% of total company revenue[11] Q2 FY26 Guidance - The company projects Q2 FY26 revenue between $630 million and $670 million[15] - The company anticipates a non-GAAP operating margin between 20.0% and 22.0% for Q2 FY26[15] - The company expects non-GAAP diluted EPS to be between $1.30 and $1.50 for Q2 FY26[15]