Lumentum Revenue Surges 109% on AI Infrastructure Demand

Key Facts

1Lumentum's Q4 revenue surged 109% to reach $1.01 billion.

2Gross margin reached 50.4%, hitting management's targets earlier than originally expected.

3Management is targeting a $40 EPS for FY2028, contingent on growth in Optical Circuit Switching (OCS).

Lumentum's Q4 revenue surged 109% to reach $1.01 billion, Seeking Alpha reported. The company stated that this growth was driven by expansion into 1.6T connectivity, high-power lasers, and Optical Circuit Switching (OCS) technology, particularly serving a major cloud customer.

Gross margin reached 50.4%, hitting management's targets earlier than originally expected. Management is now targeting a $40 EPS for the 2028 fiscal year, contingent on continued growth in the OCS segment. LITE stock closed at $929.04 on September 24, 2026.