Lumentum Q1 FY2023 rev $506.8M, GAAP EPS -$0.01, Non-GAAP $1.69; warns on supply

Lumentum Holdings Inc.

2023-Q1 EPS reported -$0.01 revenue$506,800,000

Revenue $506.8M, up 20.1% QoQ and 13.0% YoY; GAAP net loss $0.4M vs prior year net income $81.5M.
Non-GAAP diluted EPS $1.69 at high end of guidance; GAAP diluted EPS -$0.01.
Optical Communications segment $453.4M (89.5% of rev), Lasers $53.4M.
Closed acquisitions of NeoPhotonics and IPG Photonics telecom lines for $990.3M aggregate.
CEO cites IC component shortages into FY2024; near-term Datacom and 3D sensing outlook lower.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lumentum Holdings Inc. reported fiscal first quarter ended October 1, 2022 results: revenue $506.8 million, net income GAAP net loss of $0.4 million, or $0.01 loss per diluted share, EPS $0.01 loss per diluted share.

Period: fiscal first quarter ended October 1, 2022
Revenue: $506.8 million
Net income: GAAP net loss of $0.4 million, or $0.01 loss per diluted share
EPS: $0.01 loss per diluted share
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- NEWS RELEASE LUMENTUM ANNOUNCES FISCAL FIRST QUARTER 2023 FINANCIAL RESULTS • Net revenue of $506.8 million • GAAP gross margin of 39.7%; Non-GAAP gross margin of 48.2% • GAAP operating margin of 2.7%; Non-GAAP operating margin of 27.1% • GAAP diluted net loss per share of $0.01;

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Source: SEC EDGAR

accession 0001628280-22-028758

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