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Jun 29, 2024
Lumentum Q4 2024 Earnings Report
Lumentum's Q4 2024 earnings exceeded guidance with record datacom chip orders and positive trends in traditional networking.
Key Takeaways
Lumentum reported Q4 2024 results with revenue of $308.3 million and a GAAP net loss per share of $3.72. Non-GAAP net income per share was $0.06. The company exceeded guidance midpoints for both revenue and EPS and saw record orders for datacom chips.
Net revenue for the fiscal fourth quarter of 2024 was $308.3 million.
GAAP net loss was $252.5 million, or $3.72 per diluted share.
Non-GAAP net income was $4.0 million, or $0.06 per diluted share.
The company held $887.0 million in total cash, cash equivalents, and short-term investments at the end of the fiscal fourth quarter of 2024.
Lumentum
Lumentum
Forward Guidance
Lumentum expects net revenue in the range of $315 million to $335 million and non-GAAP diluted earnings per share of $0.07 to $0.17 for the fiscal first quarter of 2025.
Positive Outlook
- Net revenue in the range of $315 million to $335 million