2026财年第三季度电话会议

May 5, 2026 Forward Looking Statements andFinancial Presentation Thispresentationandourearningscallcontainforward-lookingstatementswithinthemeaningofSection27AoftheSecuritiesActof1933andSection21EoftheSecuritiesExchangeActof1934.Theseincludestatementsregarding:ourrevenue,profitability,revenuegrowthinaggregateandincertainproductcategories,growthcatalystsanddrivers,thepotentialforourproducts,ouremergingtechnologyandourabilitytoscalecomplextechnologyatpace,developmentworkandcollaborations,theroleofour“scale-across”portfolio,demandforourproductsandshipmentgrowthandtiming,supply-demandimbalanceincertainofourproductcategories,opportunitiesandgrowthprospectsinourproductmarketsandforourproducts,productrampsandtheirtimingandmagnitude,productofferingsandmix,producttypegrowthandcontribution,manufacturingramp,facilityconversion,theuseofexistingtoolsfromacquiredfacilities,productioncapabilities,capacity,investmentstoscaleouroperations,ourcommitmenttoU.S.manufacturing,jobcreation,supplyconstraints,productcategorytightness,roadmaptension,grossandoperatingmargins,operatingleverage,quarterlyrevenuegoals,andourguidancewithrespecttofuturenetrevenue,non-GAAPdilutedearningspershare,andnon-GAAPoperatingmargins,andrelatedassumptions.Theseforward-lookingstatementsinvolverisksanduncertaintiesthatcouldcauseactualresultstodiffermateriallyfromthoseprojected.Amongthefactorsthatcouldcauseactualresultstodifferfromthosecontemplatedare:(a)uncertaintyandvolatilityintheglobalmarkets,includinguncertaintyandvolatilityinthemacroeconomicenvironment,volatilityanduncertaintywithrespecttoeconomicgrowth,inflationarypressures,changesinthepoliticaloreconomicenvironment,suchasgeopoliticalconflicts,war,internationaltradeandrestrictions(includingtariffs,dutiesandexportcontrolstobeimplementedbytheU.S.andothercountries),includingforcertainrareearthminerals,andtheeffectofsuchmarketdisruptionsondemandforourproducts,technologyspendingbyourcustomers,ourcostsandexpensesandourabilitytoobtaincomponentsforourproducts;(b)quarter-over-quarterproductmixfluctuations,whichcanmateriallyimpactprofitabilitymeasuresduetothebroadgrossmarginrangesacrossourportfolio;(c)declineofaveragesellingpricesacrossourbusinessesorincreaseincosts,eitherofwhichwillalsodecreaseourmargins;(d)effectsofseasonality;(e)ourabilitytoincreaseourmanufacturingcapacityandourabilityandtheabilityofoursuppliersandcontractmanufacturerstomeetproduction,quality,anddeliveryrequirementsforourforecasteddemand;(f)changesincustomerdemand,includingduetochangesininventorypracticesandend-customerdemand,andpotentialordercancellations,reductionsordelaysandtheireffects;(g)ourabilitytoattractandretainnewcustomers,particularlyinthecloudphotonicsandimagingandsensingmarkets;(h)theriskthatourmarketswillnotgrowordevelopasexpectedorthatourstrategiesandabilitytocompeteinthosemarketsarenotsuccessful,(i)theriskthatourfinancingoroperatingstrategieswillnotbesuccessful;(j)risksrelatedtoourrestructuringinitiativesandchangestoouroperations,(k)failuretosuccessfullyintegrateacquisitionsintoourbusinessorthatwewillnotachievetheexpectedbenefits;and(l)risksrelatedtoservicingourcurrentandfuturedebtandcompliancewiththecovenantsunderourrevolvingcreditfacility.Adetaileddiscussionoftheseandotherrisksanduncertaintiesthatcouldcauseactualresultsandeventstodiffermateriallyfromsuchforward-lookingstatementsisincludedintheCompany’sQuarterlyReportonForm10-QforthequarterendedDecember27,2025filedwiththeSecuritiesandExchangeCommission(the“SEC”),andintheCompany’sotherfilingswiththeSEC,includingtheQuarterlyReportonForm10-QforthefiscalquarterendedMarch28,2026,whichwillbefiledwiththeSEC,availableatwww.sec.gov,underthecaption“RiskFactors”andelsewhere.Theforward-lookingstatementscontainedinthispresentationaremadeasofthedatehereofandtheCompanyassumesnoobligationtoupdatesuchstatements,exceptasrequiredbyapplicablelaw. Unlessotherwisestated,allfinancialresultsandprojectionsareonanon-GAAPbasis.OurGAAPresults,detailsaboutournon-GAAPfinancialmeasures,andareconciliationbetweenGAAPandnon-GAAPresultscanbefoundinourthirdquarteroffiscalyear2026earningspressreleasewhichisavailableonourwebsite,www.lumentum.com,undertheInvestorssection. WehavenotprovidedreconciliationsfromGAAPtonon-GAAPmeasuresforouroutlook.Alargeportionofnon-GAAPadjustments,suchasstock-basedcompensationandrelatedpayrollexpenses,acquisitionrelatedcosts,integrationrelatedcosts,restructuringandrelatedcharges(reversals),foreignexchangegainsandlosses,net,escrowsettlementandrelatedcharges,non-GAAPincometaxreconcilingadjustments,andotherchargesorincomerelatedtonon-recurringactivities,arebytheirnaturehighlyvolatileandwehavelowvisibilityastotherangethatmaybeincurredinthefuture. Q3 FY26 Key Points Revenue & Performance ▪Cloud and AI business drove Q3 total company revenue up >90% and expanded operating margin >2,100 bps (YoY basis)▪Q3 revenue above midpoint of guided range▪Non-GAAP operating margin and EPS above high end of guided ranges fueled by product mix and strong operating leverage Components ▪Revenue