secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001628280-25-004265
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000162828025004265/0001628280-25-004265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000162828025004265/lite-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-004265

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