Communications
Price
$728.32
-9.09%Market Cap
$56.66B
Day High
$803.90
Day Low
$710.01
Lumentum (LITE) delivered a dramatic Q1 FY2026 turnaround, swinging to $226.6M net income from a $187.4M loss a year ago, driven by a 159.5% surge in gross profit and a massive financing-driven cash build of $2.6B.
Key risk: Thin Current Ratio Amid Surging Current Liabilities
Current liabilities exploded nearly 10x YoY to $3.87B, pushing the current ratio down to just 1.14. While current assets of $4.40B technically cover these obligations, the margin of safety is slim and any deterioration in operating cash flows could create liquidity stress.
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