Lumentum Holdings Inc.
Lumentum Holdings Reports Q3 FY24 Financial Results
Summary
Lumentum Holdings Inc. reported a GAAP net loss of $127.0 million for its fiscal third quarter of 2024, ended March 30, 2024, with net revenue of $366.5 million. The company's non-GAAP net income was $19.6 million, or $0.29 per diluted share. The company also provided a business outlook for the fiscal fourth quarter, expecting net revenue in the range of $290 million to $315 million. The financial results and outlook were detailed in a press release furnished as Exhibit 99.1.
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Exhibits (1)
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About Lumentum Holdings Inc.
Lumentum Holdings Inc. is a leading designer and manufacturer of optical and photonic products serving diverse sectors such as telecommunications, data communications, and industrial applications. The company's core offerings include cutting-edge components and modules like optical transceivers, amplifiers, and active components which facilitate the transmission of data over fiber optic networks. Additionally, Lumentum develops industrial lasers that are critical in material processing and precision manufacturing industries. Their advanced laser products are employed in various applications from semiconductor fabrication to automotive manufacturing. Established as a spin-off from JDS Uniphase Corporation in 2015, Lumentum has been instrumental in propelling the transition to high-speed data networks and supporting the backbone of modern communication infrastructures. Its innovations play a critical role in enhancing network efficiency, bandwidth, and overall optical performance, positioning the company as a vital player in the ongoing evolution of global telecommunications and industrial technologies.
Official SEC Documents
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