Lumentum delivered a stellar performance in the fourth quarter, outstripping market expectations. The company reported adjusted earnings per share of $3.23, accompanied by net revenue amounting to $1.01 billion and an impressive adjusted gross margin of 50.4%. Looking ahead, Lumentum projects net revenue for the first quarter to fall within the range of $1.23 billion to $1.28 billion, with adjusted earnings per share estimated between $4.05 and $4.35, again surpassing market forecasts.