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Sep 30, 2023
Lumentum Q1 2024 Earnings Report
Lumentum's Q1 2024 financial results were announced, with revenue and EPS exceeding guidance midpoints.
Key Takeaways
Lumentum reported a net revenue of $317.6 million for the fiscal first quarter of 2024. The company's GAAP net loss was $67.9 million, or $1.02 per diluted share, while non-GAAP net income was $23.4 million, or $0.35 per diluted share. The company is maintaining tight cost controls and delivering on product roadmaps and synergy attainment.
Net revenue for the fiscal first quarter of 2024 was $317.6 million.
GAAP net loss was $67.9 million, or $1.02 per diluted share.
Non-GAAP net income was $23.4 million, or $0.35 per diluted share.
The company held $1,944.3 million in total cash, cash equivalents, and short-term investments at the end of the fiscal first quarter of 2024.
Lumentum
Lumentum
Lumentum Revenue by Segment
Revenue by Segment
Cloud Networking Revenue
CapyFin.comIndustrial Tech Revenue
CapyFin.com Forward Guidance
Lumentum expects net revenue in the range of $350 million to $380 million for the fiscal second quarter 2024. Non-GAAP operating margin is expected to be 2.0% to 4.0%, and non-GAAP diluted earnings per share are expected to be $0.25 to $0.35.
Positive Outlook
- Net revenue in the range of $350 million to $380 million
- Non-GAAP operating margin of 2.0% to 4.0%
- Non-GAAP diluted earnings per share of $0.25 to $0.35
Revenue & Expenses
Visualization of income flow from segment revenue to net income