secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001628280-23-029741
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828023029741/0001628280-23-029741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828023029741/lite-20230817.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-029741

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer