𝐋𝐮𝐦𝐞𝐧𝐭𝐮𝐦: 𝐐𝟏 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐚𝐧𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐁𝐞𝐚𝐭 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬, 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 $𝟓𝐁+ 𝐎𝐩𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐦𝐢𝐭

$LITE (-18,94 %)

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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Non-GAAP EPS: $4.57 (Est. $4.22) ✅, vs. $1.10 YoY.

• Revenue: $1.263B (Est. $1.25B) ✅, +136.5% YoY.

• GAAP EPS: $3.54 (vs. $0.05 YoY).

• Non-GAAP Gross Margin: 53.2%, +1,380 bps YoY.

• Non-GAAP Operating Margin: 42.3%, +2,360 bps YoY.

• GAAP Net Income: $360.3M.

• Non-GAAP Net Income: $461.1M.

• Cash & Short-Term Investments: $2.0B.

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🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• Q2 FY2027 Revenue: $1.575B–$1.625B, midpoint $1.60B (Est. $1.48B) ✅.

• Q2 FY2027 Non-GAAP EPS: $5.90–$6.20, midpoint $6.05 (Est. $5.08) ✅.

• Q2 FY2027 Non-GAAP Operating Margin: 45.0%–46.0%.

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Q1 adjusted EPS beat consensus by ~8.3%, while revenue exceeded estimates by ~1.0%.

• Q2 revenue guidance midpoint stands ~8.1% above consensus, with EPS ~19.1% higher.

• Secured its second major NPO/CPO design win, backed by purchase commitments exceeding $5B.

• Optical Circuit Switching demand visibility expanded significantly, positioning OCS as a potential multi-billion-dollar annual revenue stream.

• Components revenue surged 99% YoY to $754.2M, driven by strong pump laser demand.

• Systems revenue increased 229% YoY to $508.4M, up 42% sequentially.

• Q1 revenue grew 25.5% QoQ, with Q2 guidance implying another ~26.7% sequential increase.

• Non-GAAP operating margin expanded from 18.7% to 42.3% YoY, reflecting significant operating leverage.

• Cloud modules continued to show strong demand and improving gross margins.

• Cash and short-term investments declined $758.8M sequentially to $2.0B.

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“During the quarter, we secured our second major NPO/CPO win, backed by purchase commitments exceeding $5 billion.”