Lumentum Q2 FY2024 revenue $366.8M, GAAP loss $1.47/share, non-GAAP EPS $0.32

Lumentum Holdings Inc.

2024-Q2 EPS reported -$2.49 revenue$684,400,000

Net revenue $366.8M (-27.5% YoY); GAAP net loss $99.1M ($1.47/share diluted loss).
Non-GAAP diluted EPS $0.32 vs $1.52 in Q2 FY23; non-GAAP net income $21.7M.
Customer inventory digestion expected to extend through rest of fiscal 2024 due to sluggish carrier capex.
Investing in state-of-the-art production lines in Thailand for 1.6T transceivers, targeting summer capacity ramp.
Cash, cash equivalents & short-term investments $1,224M, down $720.3M QoQ due to $705M Cloud Light acquisition.

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 second quarter ended December 30, 2023 results: revenue $366.8 million, net income GAAP net loss of $99.1 million, EPS $1.47 per diluted share.

Period: fiscal second quarter ended December 30, 2023
Revenue: $366.8 million
Net income: GAAP net loss of $99.1 million
EPS: $1.47 per diluted share
Result: reported results

Exact text from the filing

Net revenue for the fiscal second quarter of 2024 was $366.8 million, with GAAP net loss of $99.1 million, or $1.47 per diluted share.

View on SEC.gov

Browse all earnings releases →

Lumentum Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-003789

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.