secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001628280-23-016629
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828023016629/0001628280-23-016629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828023016629/lite-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-016629

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