Is 1,970bps of Operating Margin Expansion Enough? Lumentum Consensus Expectations into Today's Print

Consensus Estimates + Valuation Context

Parabolic into yet another print, Lumentum has been one of the best success stories of the last twelve months. Investors are wagering that sell side remains stale a la memory names, and that we still have enormous upside from here even with nearly 100% top-line growth and ~2,000bps of margin expansion.

Consensus expectations for the quarter and forward guidance: