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Dec 28, 2019
Lumentum Q2 2020 Earnings Report
Lumentum's Q2 2020 financial results were announced, featuring record revenue, gross margin, and operating margin.
Key Takeaways
Lumentum reported a strong fiscal second quarter of 2020, with record revenue, gross margin, and operating margin. Net revenue reached $457.8 million, and GAAP net income was $49.1 million, or $0.63 per diluted share. The company held $1,315.6 million in total cash and short-term investments at the end of the quarter.
Net revenue was $457.8 million.
GAAP operating margin was 16.3%; Non-GAAP operating margin was 28.8%.
GAAP diluted net income per share was $0.63; Non-GAAP diluted net income per share was $1.53.
The company held $1,315.6 million in total cash and short-term investments.
Lumentum
Lumentum
Forward Guidance
Lumentum expects net revenue in the range of $400 million to $425 million, Non-GAAP operating margin of 21% to 23%, and Non-GAAP diluted earnings per share of $1.00 to $1.17 for the fiscal third quarter 2020. The projections incorporate an approximate $15 million to $20 million reduction in revenue at the mid-point, and a wider than normal revenue range, due to the anticipated impact of the 2019 novel coronavirus outbreak.