Lumentum Q4 FY2024 net revenue $308.3M, GAAP loss $3.72/share, non-GAAP EPS $0.06

Lumentum Holdings Inc.

2024-FY EPS reported -$8.12 revenue$1,359,200,000

Net revenue $308.3M, down 16.9% YoY; full year revenue $1.36B, down 23.1% YoY.
GAAP net loss per share $3.72 (Q4) and $8.12 (FY); non-GAAP EPS $0.06 (Q4) and $1.01 (FY).
Cloud & Networking segment $254.7M (82.6%), down 11.1% YoY; Industrial Tech $53.6M, down 36.4% YoY.
Cash and investments $887.0M, up $16.1M QoQ; FY2024 cash from ops $24.7M.
CEO cited record orders for datacom chips, expects accelerated growth in CY2025.

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