secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001628280-24-020640
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828024020640/0001628280-24-020640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828024020640/lite-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020640

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