Lumentum Q3 FY2023 net revenue $383.4M, GAAP loss $0.57/share, non-GAAP EPS $0.75, down 24% QoQ

Lumentum Holdings Inc.

2023-Q3 EPS reported -$1.05 revenue$1,396,200,000

Net revenue $383.4M, down 24.2% QoQ and 3% YoY; GAAP net loss $39.3M ($0.57 loss per share).
Non-GAAP net income $51.8M ($0.75 per share) vs $104.1M ($1.52) in Q2 and $88.9M ($1.19) a year ago.
Optical Comm revenue $335.1M (87.4% of total), down 25.3% QoQ; Lasers $48.3M, down 15.6% QoQ.
GAAP gross margin 29.2%, non-GAAP 40.8%; GAAP operating loss margin 13.4%, non-GAAP operating margin 13.4%.
Cash $1,667.2M, down $13.2M from Q2; CEO: customer inventory digestion, under-shipping demand, focused on cost controls.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lumentum Holdings Inc. reported fiscal third quarter ended April 1, 2023 results: revenue $383.4 million, net income $0.57 loss per diluted share.

Period: fiscal third quarter ended April 1, 2023
Revenue: $383.4 million
Net income: $0.57 loss per diluted share
Result: reported results

Exact text from the filing

LUMENTUM ANNOUNCES FISCAL THIRD QUARTER 2023 FINANCIAL RESULTS • Net revenue of $383.4 million • GAAP gross margin of 29.2%; Non-GAAP gross margin of 40.8% • GAAP operating loss of 13.4%; Non-GAAP operating margin of 13.4% • GAAP diluted net loss per share of $0.57; Non-GAAP diluted net income per share of $0.75

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Source: SEC EDGAR

accession 0001628280-23-016629

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