---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-016629"
form_type: "8-K"
ticker: "LITE"
cik: "0001633978"
company_name: "Lumentum Holdings Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:16:47.744274+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-016629
- form_type: 8-K
- ticker: LITE
- cik: 0001633978
- company_name: Lumentum Holdings Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633978/000162828023016629/0001628280-23-016629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633978/000162828023016629/lite-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-016629
- JSON: https://secwatch.observer/filing/0001628280-23-016629.json
- Plain text: https://secwatch.observer/filing/0001628280-23-016629.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633978/000162828023016629/0001628280-23-016629-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.