Lumentum Holdings (LITE) Tops Q1 EPS by 7c, Updates Guidance

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Go back to Lumentum Holdings (LITE) Tops Q1 EPS by 7c, Updates Guidance

Lumentum Announces Fiscal First Quarter 2024 Financial Results

November 8, 2023 7:30 AM EST

Net revenue of $317.6 million GAAP gross margin of 24.1%; Non-GAAP gross margin of 34.9% GAAP operating loss of 25.4%; Non-GAAP operating margin of 3.3% GAAP diluted net loss per share of $1.02; Non-GAAP diluted net income per share of $0.35

SAN JOSE, Calif.--(BUSINESS WIRE)-- Lumentum Holdings Inc. (Lumentum or the Company) today reported results for its fiscal first quarter ended September 30, 2023.

We are thrilled to welcome the talented Cloud Light team to Lumentum. In calendar 2024, we expect cloud applications will drive over 30 percent of our Cloud & Networking revenue, both within data centers... More