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Sep 26, 2020
Lumentum Q1 2021 Earnings Report
Lumentum reported strong first quarter fiscal year 2021 financial results.
Key Takeaways
Lumentum Holdings Inc. reported fiscal first quarter 2021 results with a net revenue of $452.4 million and GAAP net income of $67.1 million, or $0.86 per diluted share. The company held $1,610.7 million in total cash and short-term investments at the end of the quarter.
Net revenue of $452.4 million
GAAP gross margin of 45.5%; Non-GAAP gross margin of 52.0%
GAAP operating margin of 21.9%; Non-GAAP operating margin of 33.7%
GAAP diluted net income per share of $0.86; Non-GAAP diluted net income per share of $1.78
Lumentum
Lumentum
Forward Guidance
Lumentum expects for the fiscal second quarter 2021: Net revenue in the range of $465 million to $485 million, Non-GAAP operating margin of 32.0% to 34.0%, Non-GAAP diluted earnings per share of $1.70 to $1.90
Positive Outlook
- Net revenue in the range of $465 million to $485 million
- Non-GAAP operating margin of 32.0% to 34.0%
- Non-GAAP diluted earnings per share of $1.70 to $1.90