LUMENTUM $LITE JUST REPORTED FISCAL Q4 EARNINGS - Revenue of $1.006B beating expectations of $987M 🟢 (up 109.3% YoY) - Non-GAAP EPS of $3.23 beating expectations of $2.97 🟢 (up from $0.88 in the same period last year) - Non-GAAP gross margin of 50.4%, up from 37.8% in the same period last year - Non-GAAP operating margin of 36.6%, up from 15.0% in the same period last year Q1 FY27 guidance: revenue of $1.225B-$1.275B, non-GAAP EPS of $4.05-$4.35 CEO Michael Hurlston says the guide puts the company at its target operating model more than a quarter ahead of schedule, driven by AI data center demand for optical connectivity, including 1.6T cloud modules, high-power CPO lasers, and early orders for ELS modules. GAAP results showed a net loss of $7.2 billion, or $84.65 per diluted share, driven entirely by a one-time, non-cash $7.8 billion loss on debt extinguishment tied to converting outstanding notes into equity. The company held $2.7 billion in cash, cash equivalents, and short-term investments at quarter end.