Lumentum Q1 revenue $317.6M, GAAP loss $1.02/share, revenue down 37% YoY

Lumentum Holdings Inc.

2024-Q1 EPS reported -$1.02 revenue$317,600,000

GAAP net loss $67.9M ($1.02 diluted loss per share); Non-GAAP net income $23.4M ($0.35 diluted EPS).
Net revenue $317.6M, down 14.3% sequentially and 37.3% year-over-year.
Cloud & Networking segment revenue $229.7M (72% of total), down 36% YoY.
Industrial Tech segment revenue $87.9M, down 40% YoY.
Cash and short-term investments $1,944.3M, decreased $69.3M from prior quarter.

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 0.95

Lumentum Holdings Inc. reported fiscal first quarter ended September 30, 2023 results: revenue $317.6 million, net income GAAP net loss of $67.9 million, or $1.02 per diluted share, EPS $(1.02) per diluted share.

Period: fiscal first quarter ended September 30, 2023
Revenue: $317.6 million
Net income: GAAP net loss of $67.9 million, or $1.02 per diluted share
EPS: $(1.02) per diluted share
Result: reported results

Exact text from the filing

LUMENTUM ANNOUNCES FISCAL FIRST QUARTER 2024 FINANCIAL RESULTS • Net revenue of $ 317.6 million • GAAP gross margin of 24.1%; Non-GAAP gross margin of 34.9% • GAAP operating loss of 25.4%; Non-GAAP operating margin of 3.3% • GAAP diluted net loss per share of $1.02; Non-GAAP diluted net income per share of $0.35

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Source: SEC EDGAR

accession 0001628280-23-037563

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