earnings
confidence high
sentiment positive
materiality 0.75
Lumentum beats Q1 guidance; GAAP EPS $1.08, non-GAAP EPS $1.79 on revenue $448.4M
Lumentum Holdings Inc.
2022-Q1 EPS reported
$1.08
revenue$448,400,000
- Net revenue $448.4M, up 14.4% QoQ but down 0.9% YoY; GAAP gross margin 51.8% vs 41.5% prior Q.
- GAAP operating margin 25.8% (up from 11.7% prior Q); non-GAAP operating margin 35.4% (up from 24.6%).
- Optical Communications segment revenue $406.0M (90.5% of total); Commercial Lasers $42.4M (+77.4% YoY).
- Cash and short-term investments $1,884.6M, down $61.4M from prior quarter.
- CEO cites strong demand but warns supply gap to widen in Q2; guidance implies larger gap.