secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001628280-22-012145
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumentum Q3 FY2022 revenue $395.4M, GAAP EPS $0.35; issues optimistic Q4 guidance
--------------------------------------------------------------------------------

- Revenue $395.4M, down 11.5% Q/Q and 5.7% Y/Y; GAAP EPS $0.35, non-GAAP EPS $1.19.
- GAAP gross margin 42.3%, down 420bps Q/Q and 180bps Y/Y; non-GAAP gross margin 49.5%.
- Optical Communications revenue $344.2M (-13.4% Q/Q); Lasers revenue $51.2M (+62% Y/Y).
- Issued $861M of 0.50% Convertible Notes due 2028; used $200M to repurchase 2.0M shares.
- CEO expects demand to outpace supply by >$100M in Q4; Q4 revenue to increase; double-digit growth in FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828022012145/0001628280-22-012145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828022012145/lite-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012145

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