Loading...
•
Jan 01, 2022
Lumentum Q2 2022 Earnings Report
Lumentum's Q2 2022 financial results were announced, with revenue above the midpoint of guidance across all metrics.
Key Takeaways
Lumentum reported strong demand across all major product lines in the second quarter of fiscal year 2022, with results exceeding the midpoint of guidance. However, supply shortages are negatively impacting the third quarter revenue guidance by more than $65 million.
Net revenue for the fiscal second quarter of 2022 was $446.7 million.
GAAP net income was $56.7 million, or $0.75 per diluted share.
Non-GAAP net income was $120.2 million, or $1.60 per diluted share.
The Company held $2,022.4 million in total cash, cash equivalents, and short-term investments at the end of the fiscal second quarter of 2022.
Lumentum
Lumentum
Forward Guidance
Lumentum expects net revenue in the range of $375 million to $405 million for the fiscal third quarter 2022, with Non-GAAP operating margin of 24.0% to 26.0% and Non-GAAP diluted earnings per share of $1.01 to $1.19.
Challenges Ahead
- Net revenue negatively impacted by more than $65 million due to supply shortages
- Non-GAAP operating margin expected to be 24.0% to 26.0%
- Non-GAAP diluted earnings per share expected to be $1.01 to $1.19