8/102 sources · 2 publishersUpdated Nov 6, 19:48 UTC
Lumentum shares jump after earnings beat and $5 billion design win
Lumentum reported fiscal first‑quarter revenue of $1.26 billion, up about 136 % year over year, and earnings of $4.57 per share. The company announced a $5 billion design win and guided second‑quarter revenue to $1.575 billion‑$1.625 billion with EPS of $5.90‑$6.20. The strong results and design win sparked a sharp rise in the stock on November 6.
Why it matters
The earnings beat and design win raise expectations for higher near‑term revenue, which could support the stock’s momentum. The guidance above consensus may influence analyst forecasts and investor sentiment.
Key facts
- 1Fiscal first‑quarter revenue was $1.26 billion, up 136 % YoY. investing.com
- 2Fiscal first‑quarter earnings per share were $4.57. finance.yahoo.com
- 3Lumentum secured a $5 billion design win. finance.yahoo.com
- 4Second‑quarter revenue guidance is $1.575 billion‑$1.625 billion. finance.yahoo.com
- 5Second‑quarter EPS guidance is $5.90‑$6.20. finance.yahoo.com
Open questions
- Material 1 reports a 7.9 % intraday rise, while material 2 reports a 4.38 % rise on the same day.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.