Lumentum’s Cloud & Networking segment now represents 86% of overall revenue, driven by hyperscaler adoption of externally modulated lasers (EMLs) in AI data centers. Management projects fiscal 2026 revenue for this segment to reach $2.64 billion, a 61% increase year-over-year, supported by robust demand, tight supply dynamics and sustained pricing power. Earnings per share for the year are forecast to climb 184%, reflecting leveraging of fixed costs and expanding gross margins. Key partnerships with leading AI infrastructure providers, including NVIDIA and top cloud services operators, underpin the company’s leadership in 400 Gbps and 800 Gbps transceivers for next-generation networks.

In the most recent quarter, Lumentum’s Components & Systems business exceeded its own revenue guidance by 5%, driven by accelerated deployment of optical subsystems in telecom and enterprise networks. System revenues rose 22% compared with the prior year period, with strong contributions from coherent optics and silicon photonics modules. Management highlighted order backlogs increasing by 30% quarter-over-quarter, with delivery schedules extending into late 2026. The company now expects full-year Components & Systems revenue to outperform prior projections, citing higher-margin opportunities in both long-haul and metro network upgrades.

Lumentum will host an in-person and virtual investor briefing on March 17, 2026 at the JW Marriott Los Angeles L.A. LIVE. Company executives plan to detail the strategic roadmap for AI and 3D sensing applications, review supply-chain expansion plans across manufacturing sites in North America and Asia, and discuss the launch of next-generation 1.6 Tbps optical engines. The briefing opens at 10:00 a.m. PT, with presentations running through 11:45 a.m. PT. A webcast replay and presentation deck will be available on Lumentum’s Investor Relations website following the event.