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Jul 01, 2023
Lumentum Q4 2023 Earnings Report
Lumentum's Q4 2023 results were above the midpoint of guidance, with revenue of $370.8 million and non-GAAP EPS of $0.59.
Key Takeaways
Lumentum reported Q4 2023 net revenue of $370.8 million and a GAAP net loss of $0.88 per share. Non-GAAP net income per share was $0.59. The company expects year-over-year Telecom and Datacom growth in calendar 2024, but anticipates customer inventory correction to continue through the year.
Net revenue for the fiscal fourth quarter of 2023 was $370.8 million.
GAAP net loss was $60.2 million, or $0.88 per diluted share.
Non-GAAP net income was $40.2 million, or $0.59 per diluted share.
The company held $2,013.6 million in total cash, cash equivalents, and short-term investments at the end of the fiscal fourth quarter of 2023.
Lumentum
Lumentum
Forward Guidance
Lumentum expects for the fiscal first quarter of 2024: Net revenue in the range of $300 million to $325 million, Non-GAAP operating margin of 1.0% to 4.0%, Non-GAAP diluted earnings per share of $0.20 to $0.35.