Lumentum Q4 FY2023 revenue $370.8M, GAAP EPS -$0.88, non-GAAP EPS $0.59; inventory correction continues

Lumentum Holdings Inc.

2023-FY EPS reported -$1.93 revenue$1,767,000,000

Net revenue $370.8M, down 12.2% YoY; GAAP net loss $60.2M (-$0.88/diluted) vs prior year profit.
Non-GAAP EPS $0.59, down from $1.47 YoY; non-GAAP operating margin 9.1% vs 28.8% YoY.
Optical Communications segment $320.5M (-13.6% YoY); Lasers $50.3M (-1.8% YoY).
Issued $603.7M convertible notes due 2029; used $132.8M to repurchase 2024 notes and $125M for stock buyback.
CEO guided Telecom and Datacom growth in CY2024 but inventory correction to continue through CY2023.

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 1.0

Lumentum Holdings Inc. reported full year ended July 1, 2023 results: revenue $1,767.0 million, EPS $1.93 per diluted share.

Period: full year ended July 1, 2023
Revenue: $1,767.0 million
EPS: $1.93 per diluted share
Result: reported results

Exact text from the filing

Net revenue for fiscal year 2023 was $1,767.0 million, with GAAP net loss of $131.6 million, or $1.93 per diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Lumentum Holdings Inc. reported its fiscal fourth quarter ended July 1, 2023 results: revenue $370.8 million, EPS $0.88 per diluted share.

Period: its fiscal fourth quarter ended July 1, 2023
Revenue: $370.8 million
EPS: $0.88 per diluted share
Result: reported results

Exact text from the filing

Net revenue for the fiscal fourth quarter of 2023 was $370.8 million, with GAAP net loss of $60.2 million, or $0.88 per diluted share.

View on SEC.gov

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Lumentum Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-029741

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