Lumentum Q1 FY27 revenue $1.26B; expects Q2 revenue $1.575B-$1.625B

Lumentum reported a 25.5% increase in net revenue to $1.26 billion, driven by pump lasers and optical circuit switches. The company forecasts second quarter revenue of $1.575 billion to $1.625 billion and non-GAAP diluted EPS of $5.90 to $6.20.