---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-029741"
form_type: "8-K"
ticker: "LITE"
cik: "0001633978"
company_name: "Lumentum Holdings Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:44:10.623946+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-029741
- form_type: 8-K
- ticker: LITE
- cik: 0001633978
- company_name: Lumentum Holdings Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633978/000162828023029741/0001628280-23-029741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633978/000162828023029741/lite-20230817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-029741
- JSON: https://secwatch.observer/filing/0001628280-23-029741.json
- Plain text: https://secwatch.observer/filing/0001628280-23-029741.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633978/000162828023029741/0001628280-23-029741-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633978/000162828023029741/0001628280-23-029741-index.htm

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