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Apr 02, 2022
Lumentum Q3 2022 Earnings Report
Lumentum's financial performance was solid, with results at the high end of guidance due to strong execution and accelerating product demand.
Key Takeaways
Lumentum reported fiscal third quarter 2022 results with net revenue of $395.4 million and GAAP net income of $26.0 million, or $0.35 per diluted share. Demand is expected to outpace component supplies by more than $100 million in the fourth quarter, with revenue expected to increase.
Net revenue was $395.4 million.
GAAP gross margin was 42.3%; Non-GAAP gross margin was 49.5%.
GAAP operating margin was 11.8%; Non-GAAP operating margin was 26.5%.
GAAP diluted net income per share was $0.35; Non-GAAP diluted net income per share was $1.19.
Forward Guidance
Lumentum expects net revenue in the range of $405 million to $430 million for the fiscal fourth quarter 2022. Non-GAAP operating margin is expected to be 26.5% to 28.0%, and non-GAAP diluted earnings per share are projected to be $1.25 to $1.40.
Positive Outlook
- Net revenue in the range of $405 million to $430 million
- Non-GAAP operating margin of 26.5% to 28.0%
- Non-GAAP diluted earnings per share of $1.25 to $1.40
Historical Earnings Impact
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Avg. Return Before/After Earnings
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