secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001628280-24-003789
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828024003789/0001628280-24-003789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828024003789/lite-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003789

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