Lumentum Q3 FY2024 revenue $366.5M; GAAP net loss $1.88/share, non-GAAP EPS $0.29

Lumentum Holdings Inc.

2024-Q3 EPS reported -$4.38 revenue$1,050,900,000

Net revenue $366.5M for Q3 FY2024 ended March 30, flat Q/Q, down 4.4% YoY from $383.4M.
GAAP net loss $127.0M ($1.88 per share); Non-GAAP net income $19.6M ($0.29 per share).
Cloud & Networking segment revenue $313.8M (85.6% of total), up 9.5% Q/Q and 7.1% YoY; Industrial Tech $52.7M, down 34.2% Q/Q and 41.7% YoY.
Cash and investments $870.9M, down $353.1M sequentially after repaying $323.1M convertible notes due 2024.
CEO notes AI-driven cloud demand surge; warns telecom inventory headwinds will persist for next few quarters.

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 1.0

Lumentum Holdings Inc. reported fiscal third quarter ended March 30, 2024 results: revenue $366.5 million, net income GAAP net loss of $127.0 million, EPS $1.88 per diluted share.

Period: fiscal third quarter ended March 30, 2024
Revenue: $366.5 million
Net income: GAAP net loss of $127.0 million
EPS: $1.88 per diluted share
Result: reported results

Exact text from the filing

Net revenue for the fiscal third quarter of 2024 was $366.5 million, with GAAP net loss of $127.0 million, or $1.88 per diluted share.

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Source: SEC EDGAR

accession 0001628280-24-020640

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