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Oct 02, 2021
Lumentum Q1 2022 Earnings Report
Lumentum's Q1 2022 financial results were announced, with revenue exceeding guidance and strong demand in Industrial and Consumer product lines.
Key Takeaways
Lumentum reported a net revenue of $448.4 million for the fiscal first quarter of 2022, with a GAAP net income of $81.5 million, or $1.08 per diluted share. The results exceeded guidance due to strong demand, particularly in the Industrial and Consumer product lines and Commercial Lasers segment.
Net revenue reached $448.4 million.
GAAP gross margin was 51.8%, and non-GAAP gross margin was 55.0%.
GAAP operating margin was 25.8%, and non-GAAP operating margin was 35.4%.
GAAP diluted net income per share was $1.08, and non-GAAP diluted net income per share was $1.79.
Lumentum
Lumentum
Forward Guidance
Lumentum expects net revenue in the range of $435 million to $455 million for the fiscal second quarter 2022. They also anticipate a non-GAAP operating margin of 30.0% to 32.0% and non-GAAP diluted earnings per share of $1.47 to $1.64.
Positive Outlook
- Net revenue in the range of $435 million to $455 million
- Non-GAAP operating margin of 30.0% to 32.0%
- Non-GAAP diluted earnings per share of $1.47 to $1.64