Lumentum Lifts Q4 View Above Market, To Reach $500 Mln Revenue Earlier Than Expected; Stock Climbs

Lumentum Holdings

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(RTTNews) - Shares of Lumentum Holdings Inc. (LITE) gained around 4 percent in the extended trading on Tuesday, and is currently 6 percent higher in pre-market activity on the Nasdaq, after the provider of optical and photonic products raised its fourth-quarter outlook above market estimates.

The company further said its revenue outlook continues to improve, expecting to achieve $500 million in the first quarter, one quarter earlier than prior expectations.

In addition, outlook for $600 million revenue per quarter remains unchanged, expected by fourth quarter of fiscal 2026 or first quarter of fiscal 2027 time frame.

For the fourth quarter, Lumentum now expects earnings of $0.78 to $0.85 per share, higher than previously expected $0.70 to $0.80 per share.

Operating margin is now projected to be 14 percent to 15 percent, up from 13 percent to 14 percent expected earlier.

Revenues for the quarter are now projected to be $465 million to $475 million, compared to previous estimate of $440 million to $470 million.

The Wall Street analysts on average expect the company to report earnings of $0.75 per share on revenues of $457.46 million. Analysts' estimates typically exclude special items.

On the Nasdaq, Lumentum shares gained 4 percent in the after-hours trading after closing Tuesday's regular trading 2.4 percent higher at $77.65.

In the pre-market activity, the shares were gaining 6.2 percent to trade at $82.49.