Lumentum Q3 EPS Beats, Shares Drop 5.6%

Lumentum reported Q3 adjusted EPS $2.37 beating $2.26 consensus and revenue $808.4m surpassing $802.9m estimate, up 90% YoY.
Shares fell 5.6% in after‑hours trading as investors focused on a surge in current debt to $3.24 bn from $10.6 m quarter‑over‑quarter.
Company guided Q4 FY2026 EPS $2.85‑$3.05 (mid $2.95) and revenue $960m‑$1.01bn (mid $985m), both above analyst forecasts.
Adjusted gross margin rose to 47.9% and operating margin to 32.2%, reflecting pricing discipline and stronger laser‑chip product mix.