Lumentum, a major U.S.-listed optical communications company, posted fiscal 2026 fourth-quarter revenue of $1.01 billion, according to BlockBeats. Revenue rose 109.3% from a year earlier. Adjusted earnings per share came in at $3.23, above the $2.97 estimate, while adjusted gross margin reached 50.4%, ahead of the 48.8% expectation.
For the full fiscal year 2026, Lumentum reported net revenue of $3.01 billion. Under U.S. generally accepted accounting principles, or GAAP, the company recorded a net loss of $6.9 billion, equal to a diluted loss per share of $92.96. The GAAP loss was mainly tied to the equity conversion of part of its convertible notes in the fourth quarter, which resulted in a one-time non-cash debt extinguishment loss of $7.8 billion.
On a non-GAAP basis, fiscal 2026 net income was $782.3 million, or diluted earnings per share of $8.67. As of the end of the fiscal fourth quarter, the company held $2.7 billion in cash, cash equivalents, and short-term investments, up $1.9 billion from the end of fiscal 2025. BIT data showed Lumentum rose 0.87% at the close and added another 2.2% in after-hours trading.
Lumentum, a U.S.-listed optical communications company, reported fiscal 2026 fourth-quarter revenue of $1.01 billion, up 109.3% year over year, according to BlockBeats.
Adjusted earnings per share came in at $3.23, compared with an estimate of $2.97. Adjusted gross margin was 50.4%, versus an expected 48.8%.
Full-year fiscal 2026 results
For fiscal 2026, Lumentum reported net revenue of $3.01 billion. Under U.S. GAAP, the company posted a net loss of $6.9 billion, or a diluted loss per share of $92.96.
The GAAP net loss was mainly caused by the equity conversion of part of its convertible notes in the fourth quarter of fiscal 2026, which led to a one-time non-cash debt extinguishment loss of $7.8 billion.
On a non-GAAP basis, fiscal 2026 net income was $782.3 million, or diluted earnings per share of $8.67.
Cash position and share move
At the end of the fiscal 2026 fourth quarter, the company held $2.7 billion in cash, cash equivalents, and short-term investments, up $1.9 billion from the end of fiscal 2025.
According to BIT (bit.com) market data, Lumentum shares rose 0.87% at the close and gained another 2.2% in after-hours trading.
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