Lumentum Q2 FY25 rev $402.2M beats guidance; CEO Lowe to exit, Hurlston in

Lumentum Holdings Inc.

2025-Q2 EPS reported -$2.09 vs consensus $0.82 ▼ miss (-355.8%)

Revenue $402.2M (+19.4% QoQ, +9.7% YoY); GAAP net loss $0.88/sh, non-GAAP EPS $0.42, above guidance high end.
Cloud & Networking segment $339.2M (84.3% of revenue), up 20.2% QoQ on strong cloud demand.
Cash and short-term investments $896.7M, down $19.4M from prior quarter.
CEO Alan Lowe to step down; Michael Hurlston appointed as new CEO to ensure smooth transition.
Company reaffirms goal of $500M quarterly revenue by end of calendar 2025.

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