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Dec 26, 2020
Lumentum Q2 2021 Earnings Report
Lumentum's financial performance for Q2 2021 resulted in record revenue and non-GAAP gross margin, operating margin, and earnings per share.
Key Takeaways
Lumentum reported a strong fiscal second quarter 2021, achieving record revenue and non-GAAP profitability metrics driven by strengthened demand in Telecom and Lasers. The company reported net revenue of $478.8 million and GAAP net income of $83.2 million, or $1.06 per diluted share.
Net revenue for the fiscal second quarter of 2021 was $478.8 million.
GAAP net income was $83.2 million, or $1.06 per diluted share.
Non-GAAP net income was $155.7 million, or $1.99 per diluted share.
The company held $1,700.3 million in total cash, cash equivalents, and short-term investments.
Lumentum
Lumentum
Forward Guidance
Lumentum expects net revenue to be in the range of $425 million to $440 million for the fiscal third quarter 2021.
Positive Outlook
- Net revenue in the range of $425 million to $440 million
- Non-GAAP operating margin of 27.5% to 29.5%
- Non-GAAP diluted earnings per share of $1.31 to $1.46