secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001628280-21-021618
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumentum beats Q1 guidance; GAAP EPS $1.08, non-GAAP EPS $1.79 on revenue $448.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828021021618/0001628280-21-021618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828021021618/lite-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021618

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer