Lumentum Q2 FY2023: revenue $506M flat Q/Q, non-GAAP EPS $1.52 beats guidance

Lumentum Holdings Inc.

2023-Q2 EPS reported -$0.47 revenue$1,012,800,000

Net revenue $506.0M, essentially flat sequentially (-0.2%) and up 13.3% YoY.
GAAP net loss $31.7M ($0.46 loss per share); non-GAAP net income $104.1M ($1.52 EPS above guidance).
GAAP gross margin 32.8%; non-GAAP gross margin 44.9%; operating margins also above guidance.
Optical Comms segment $448.8M (88.7% of rev); Lasers $57.2M, up 7.1% Q/Q and 16.0% YoY.
Cash and short-term investments $1,680.4M, up $55.5M from prior quarter.

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 second quarter ended December 31, 2022 results: revenue $506.0 million, net income $31.7 million, or $0.46 loss per diluted share, EPS $0.46 loss per diluted share.

Period: fiscal second quarter ended December 31, 2022
Revenue: $506.0 million
Net income: $31.7 million, or $0.46 loss per diluted share
EPS: $0.46 loss per diluted share
Result: reported results

Exact text from the filing

LUMENTUM ANNOUNCES FISCAL SECOND QUARTER 2023 FINANCIAL RESULTS • Net revenue of $506.0 million • GAAP gross margin of 32.8%; Non-GAAP gross margin of 44.9% • GAAP operating loss of 4.3%; Non-GAAP operating margin of 23.1% • GAAP diluted net loss per share of $0.46; Non-GAAP diluted net income per share of $1.52

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Source: SEC EDGAR

accession 0001628280-23-002866

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