Lumentum Holdings (LITE) Tops Q4 EPS by 10c, Offers Q1 Guidance

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Go back to Lumentum Holdings (LITE) Tops Q4 EPS by 10c, Offers Q1 Guidance

Lumentum Announces Fiscal Fourth Quarter And Full Year 2021 Results

August 18, 2021 7:30 AM EDT

SAN JOSE, Calif., Aug. 18, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal fourth quarter and full year ended July 3, 2021.

"The fourth quarter capped off a record fiscal 2021 with strong demand for our products that resulted in a book to bill of 1.2," said Alan Lowe, President and CEO. "While demand continues to grow into the first quarter, shortages of critical semiconductor components are negatively impacting our first quarter revenue outlook by more than $30 million."

Mr. Lowe added, "We believe, however, the continuing shift in our demand mix towards... More