Highest-materiality recent filing
Lumentum to exchange ~$650M convertible notes for 5.0M shares in private placement
Exchange of ~$650.4M principal of 0.50% Convertible Notes due 2028 for approx. 5.0M shares of common stock.
Lumentum reports record Q3 FY26 revenue of $808.4M, up 90% YoY, with GAAP EPS $1.50
GAAP net income of $144.2M ($1.50 diluted EPS) vs. net loss of $44.1M ($0.64 loss) in Q3 FY25.
Lumentum exchanges ~5.7M shares for ~$474.6M in convertible notes due 2026/2029
Exchanged ~$264.8M of 0.50% 2026 notes and ~$209.8M of 1.50% 2029 notes for 5.7M shares.
NVIDIA invests $2B in Lumentum; strategic optics partnership
Lumentum issued 2,876,415 Series A convertible preferred shares to NVIDIA at $695.31/share for $2B cash.
Lumentum Q2 FY2026 revenue $665.5M (+65.5% YoY); non-GAAP EPS $1.67, well above guidance
Net revenue of $665.5M, +24.7% QoQ and +65.5% YoY; guided high end of range.
Lumentum Q1 FY2026 revenue $533.8M (+58% YoY); non-GAAP EPS $1.10 beats high end of guidance
Revenue $533.8M (+58% YoY, +11% QoQ); Non-GAAP gross margin 39.4% (up 660bps YoY); Non-GAAP operating margin 18.7% (up 1570bps YoY).
Lumentum issues $1.265B 0.375% convertible notes due 2032, repurchases $581M of 2026 notes
Issued $1.265B aggregate principal of 0.375% Convertible Senior Notes due 2032; net proceeds ~$1.25B.
Q4 net revenue $480.7M, up 55.9% YoY; GAAP net income $213.3M ($2.96 EPS); non-GAAP net income $63.3M ($0.88 EPS).
Lumentum updates Q4 FY25 guidance; specific figures not disclosed in filing text
Announced updated guidance for fiscal Q4 ending June 28, 2025.
Lumentum Q3 FY2025 revenue $425.2M, beats guidance; non-GAAP EPS $0.57
GAAP net loss $44.1M ($0.64/share); non-GAAP net income $40.9M ($0.57/share).
Lumentum Q2 FY25 rev $402.2M beats guidance; CEO Lowe to exit, Hurlston in
Revenue $402.2M (+19.4% QoQ, +9.7% YoY); GAAP net loss $0.88/sh, non-GAAP EPS $0.42, above guidance high end.
Lumentum appoints Michael Hurlston as CEO; prelim Q2 rev ~$402M, EPS above guide
Michael Hurlston appointed President and CEO, effective Feb 7; succeeds Alan Lowe.
Lumentum Q1 FY2025 revenue $336.9M beats guidance; Non-GAAP EPS $0.18; record datacom orders
Net revenue $336.9M (+9.3% QoQ, +6.1% YoY); GAAP EPS -$1.21, Non-GAAP EPS $0.18 beating guidance.
Lumentum Q4 FY2024 net revenue $308.3M, GAAP loss $3.72/share, non-GAAP EPS $0.06
Net revenue $308.3M, down 16.9% YoY; full year revenue $1.36B, down 23.1% YoY.
Lumentum Q3 FY2024 revenue $366.5M; GAAP net loss $1.88/share, non-GAAP EPS $0.29
Net revenue $366.5M for Q3 FY2024 ended March 30, flat Q/Q, down 4.4% YoY from $383.4M.
the Board had appointed Michael Hurlston as President and Chief Executive Officer of the Company, effective as of 12:00 a.m. Pacific Time on February 7, 2025.
Mr. Hurlston will succeed Alan Lowe, the Company’s President and Chief Executive Officer, who is stepping down as President and CEO effective as of immediately prior to 12:00 a.m. Pacific Time on February 7, 2025.
Mr. Hurlston has also been appointed to the Board effective as of 12:00 a.m. Pacific Time on February 7, 2025.
Max materiality 0.95 · Median 0.70 · Most common event earnings