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Jul 02, 2022
Lumentum Q4 2022 Earnings Report
Lumentum's Q4 2022 results were announced, with revenue above the midpoint and operating margin and EPS exceeding guidance.
Key Takeaways
Lumentum reported Q4 2022 net revenue of $422.1 million and GAAP net income per share of $0.49. The company achieved record revenue in datacom EMLs, coherent components, pump lasers, tunable products, and sub-sea components in fiscal year 2022.
Q4 revenue was $422.1 million.
GAAP diluted net income per share was $0.49.
Non-GAAP diluted net income per share was $1.47.
The company completed the acquisition of NeoPhotonics and announced the purchase of IPG’s telecom transmission product lines.
Forward Guidance
Lumentum expects net revenue in the range of $490 million to $520 million for the fiscal first quarter of 2023.
Positive Outlook
- Net revenue in the range of $490 million to $520 million
- Non-GAAP operating margin of 25.0% to 27.0%
- Non-GAAP diluted earnings per share of $1.45 to $1.70
- Estimated share count of 71.5 million utilizing the treasury stock method.
- Positioned to create even more value for cloud and networking customers.
Challenges Ahead
- Share normalization in 3D sensing for smartphones.
- Highly volatile non-GAAP adjustments
- Low visibility as to the range that may be incurred in the future.
- Component shortages in Telecom business
- Uncertainty related to global markets
Historical Earnings Impact
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Avg. Return Before/After Earnings
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