Aug 15, 12:50 AM

Lumentum Reports $308.3M Revenue, Exceeds EPS Guidance Amid Q1 Revenue Raise, Light GMs

Lumentum Holdings Inc. reported its earnings, revealing a net revenue of $308.3 million with a Q1 revenue raise. The company experienced a GAAP operating loss of 43.3% and a non-GAAP operating loss of 0.3%. Despite these losses, Lumentum managed to exceed its guidance midpoints for both revenue and earnings per share (EPS). The GAAP diluted net loss per share was $3.72, while the non-GAAP diluted net income per share was $0.06. The company is making progress in broadening its customer base in the cloud and AI sectors, which is considered a significant development. Additionally, Lumentum received strong orders for datacom chips, although gross margins were a bit light.

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Written with ChatGPT (GPT-4o).

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Cory Johnson ⚡️@CoryTV
2 years ago
When ⬇️ is ⬆️. My one-minute take on the latest earnings from Lumentum ➡️ https://t.co/dXrDxPSrrg $LITE 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Lumentum
Cory Johnson ⚡️@CoryTV
2 years ago
Why Lumentum earnings are driving the market crazy for LITE shares. https://t.co/ZBmBRyUEQT $LITE 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Lumentum
Cory Johnson ⚡️@CoryTV
2 years ago
Lumentum earnings raise more questions than answers. ❓☎️ : https://t.co/bJy7EuHDYL $LITE 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Lumentum

Lumentum Reports $308.3M Revenue, Exceeds EPS Guidance Amid Q1 Revenue Raise, Light GMs

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