Form 10-Q · Quarterly report
Lumentum 10-Q, filed Nov 3, 2026
- Filed
- CIK
- 0001633978
- Accession no.
- 0001628280-26-069615
Summary
Lumentum's quarterly report shows a shift in revenue mix toward Systems products, with gross profit rising to 51.0% of net revenue from 34.0% a year earlier and net income at 28.5% of net revenue versus 0.8%. The company said demand from AI and cloud customers is outpacing its current supply, prompting supply-allocation decisions and capacity investment, while tariff and trade uncertainty could raise its costs.
Key points
- Components fell to 59.7% of net revenue from 71.0% a year earlier, while Systems rose to 40.3% from 29.0%.
- Gross profit rose to 51.0% of net revenue from 34.0%, and net income was 28.5% of net revenue versus 0.8% in the prior-year quarter.
- Selling, general and administrative expense fell to 7.9% of net revenue from 15.9%, while research and development held at 15.2% in both periods.
- Lumentum said demand from AI and cloud customers is outpacing its current supply, forcing supply-allocation decisions and investment in manufacturing capacity, and that tariff and trade uncertainty could raise costs and pressure gross margins if not passed on to customers.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Overview We are a global leader in optical and photonic technologies and an industry-leading provider of optical and photonic products based on revenue and market share. Our products are essential to a range of cloud, artificial intelligence and machine learning (“AI/ML”), telecommunications, consumer, and industrial end-market applications. We believe the global markets in which Lumentum participates have fundamentally robust, long-term trends that will increase the need for our photonics products and technologies. We believe the world is becoming more reliant on ever-increasing amounts of data flowing through optical networks and data centers. …
An excerpt of the text as filed with the SEC, cut for length.
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