Lumentum Shares Jump 5% as Q1 FY27 Revenue Forecast Beats Expectations

Lumentum stock rises over 5% after projecting Q1 FY27 revenue of $1.23B-$1.28B, significantly exceeding the $1.15B market consensus.

Woofun AI reports that Lumentum shares opened with a gain exceeding 5% amid broader strength in the U.S. optical communications sector. The company projected net revenue for the first quarter of fiscal year 2027 to range between $1.23 billion and $1.28 billion, surpassing the market expectation of $1.15 billion.