Lumentum Holdings raised its financial outlook for the fourth quarter of fiscal 2026. The company projects revenue between $960 million and $1.01 billion. Non-GAAP earnings per share are expected to range from $2.85 to $3.05.
Management cited exceptionally strong demand for optical components used in AI and cloud networking. This forecast follows a record-breaking third quarter and reflects accelerating demand from hyperscale customers.
Several key components for AI data centers are effectively sold out for the foreseeable future. Customer demand currently exceeds the company's ability to supply.