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Dec 31, 2022
Lumentum Q2 2023 Earnings Report
Lumentum's financial performance was strong, driven by robust demand from Telecom and Commercial Lasers customers, with Non-GAAP operating margin and EPS exceeding guidance.
Key Takeaways
Lumentum reported a strong fiscal second quarter in 2023, with revenue at $506.0 million. GAAP net loss was $31.7 million, or $0.46 loss per diluted share, while non-GAAP net income was $104.1 million, or $1.52 per diluted share. The company's performance was driven by robust demand from Telecom and Commercial Lasers customers.
Net revenue for the fiscal second quarter of 2023 was $506.0 million.
GAAP net loss was $31.7 million, or $0.46 loss per diluted share.
Non-GAAP net income was $104.1 million, or $1.52 per diluted share.
The Company held $1,680.4 million in total cash, cash equivalents, and short-term investments at the end of the fiscal second quarter of 2023.
Lumentum
Lumentum
Forward Guidance
Lumentum expects net revenue to be in the range of $430 million to $460 million, non-GAAP operating margin of 17% to 19%, and non-GAAP diluted earnings per share of $1.00 to $1.15 for the fiscal third quarter 2023.