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

Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001628280-22-028758
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828022028758/0001628280-22-028758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828022028758/lite-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-028758

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