Lumentum posts Q1 revenue more than double YoY and raises Q2 outlook
Lumentum Holdings reported fiscal first‑quarter revenue of $1.263 billion, a 136.5% year‑over‑year increase, and GAAP earnings per share of $3.54. Non‑GAAP EPS came in at $4.57, beating estimates, while systems revenue rose 228.8% to $508.4 million and components revenue grew 98.9% to $754.2 million. The company guided Q2 revenue to $1.575 billion‑$1.625 billion and non‑GAAP EPS to $5.90‑$6.20, but its shares fell 14% to $726.33 after the release.
Why it matters
The company’s strong growth and upbeat Q2 guidance suggest continued revenue expansion, but the 14% share decline indicates market concern despite the results. The guidance implies about $350 million of sequential revenue growth, which could affect investors’ valuation models.
Key facts
- 1Fiscal first‑quarter revenue was $1.263 billion, up 136.5% YoY. finance.yahoo.com
- 2GAAP EPS for the quarter was $3.54. finance.yahoo.com
- 3Non‑GAAP EPS was $4.57, beating the $4.22 estimate. finance.yahoo.com
- 4Systems revenue rose 228.8% to $508.4 million. finance.yahoo.com
- 5Components revenue rose 98.9% to $754.2 million. finance.yahoo.com
- 6Non‑GAAP gross margin was 53.2%, up from 39.4% a year earlier. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.