Loading...
•
Apr 03, 2021
Lumentum Q3 2021 Earnings Report
Lumentum's Q3 2021 financial results were announced, with revenue impacted by deferred revenue due to 5G deployment delays in China, but strong margins and EPS were achieved.
Key Takeaways
Lumentum reported Q3 2021 net revenue of $419.5 million, which includes a $14.8 million deferral due to 5G deployment delays in China. GAAP net income was $225.5 million, or $2.85 per diluted share, while non-GAAP net income was $110.6 million, or $1.40 per diluted share. The company's board approved a share buyback program of up to $700 million over the next two years.
Net revenue was $419.5 million, which includes a $14.8 million deferral.
GAAP gross margin was 44.1%, and non-GAAP gross margin was 49.9%.
GAAP diluted net income per share was $2.85, and non-GAAP diluted net income per share was $1.40.
The board approved a share buyback program of up to $700 million over the next two years.
Forward Guidance
Lumentum expects net revenue in the range of $360 million to $400 million, non-GAAP operating margin of 22.5% to 25.0%, and non-GAAP diluted earnings per share of $0.92 to $1.14 for the fiscal fourth quarter 2021.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...