Lumentum reported a net revenue of $336.9 million and a GAAP net loss of $82.4 million, or $1.21 per diluted share, for the fiscal first quarter ended September 28, 2024. Non-GAAP net income was $12.2 million, or $0.18 per diluted share. The company exceeded the high end of its guidance for both revenue and earnings per share, driven by strong demand for datacom laser chips and expanding cloud demand.
Net revenue for the fiscal first quarter of 2025 was $336.9 million.
GAAP net loss was $82.4 million, or $1.21 per diluted share.
Non-GAAP net income was $12.2 million, or $0.18 per diluted share.
The company held $916.1 million in total cash, cash equivalents, and short-term investments at the end of the fiscal first quarter of 2025.
Lumentum expects net revenue in the range of $380 million to $400 million and non-GAAP diluted earnings per share of $0.30 to $0.40 for the fiscal second quarter 2025.
Visualization of income flow from segment revenue to net income