Press release
Lumentum Announces Fiscal Fourth Quarter And Full Year 2020 Results
Fiscal Year 2020 Highlights: - Record net revenue of $1.68 billion - GAAP operating margin of 12.2%; Non-GAAP operating margin of 26.6% - GAAP diluted net
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"Fiscal Year 2020 Highlights:\n - Record net revenue of $1.68 billion\n - GAAP operating margin of 12.2%; Non-GAAP operating margin of 26.6%\n - GAAP diluted net income per share of $1.75; Non-GAAP diluted net income per share of $5.42\n Fiscal Fourth Quarter Highlights:\n - Net revenue of $368.1 million\n - GAAP operating margin of 7.3%; Non-GAAP operating margin of 24.8%\n - GAAP diluted net loss per share of $(0.06); Non-GAAP diluted net income per share of $1.18\n\n\nSAN JOSE, Calif., Aug. 11, 2020 /PRNewswire/ -- Lumentum Holdings Inc. (\"Lumentum\" or the \"Company\") today reported results for its fiscal fourth quarter and full year ended June 27, 2020.\n\"Strong market demand and solid execution drove better than projected results across all financial metrics in our fourth quarter, especially gross margin and EPS,\" said Alan Lowe, President and CEO. \"We head into fiscal 2021 with demand increasingly driven by new products and technologies, strengthened market positions, and an improving financial model with accruing benefits from acquisition synergies. We became a standalone public company five years ago and since then have significantly improved our financial performance every year. While we have accomplished a lot over the past five years, I believe our future is brighter than ever.\"\nFull Fiscal Year 2020 Highlights:\nNet revenue for fiscal year 2020 was $1,678.6 million, with GAAP net income attributable to common stockholders of $135.5 million, or $1.75 per diluted share. Net revenue for fiscal year 2019 was $1,565.3 million, with GAAP net loss attributable to common stockholders of $(37.9) million, or $(0.54) per diluted share. Results include the impact of the Oclaro acquisition starting from December 10, 2018.\nNon-GAAP net income for fiscal year 2020 was $420.5 million, or $5.42 per diluted share. Non-GAAP net income for fiscal year 2019 was $305.4 million, or $4.25 per diluted share.\nFiscal Fourth Quarter Highlights:\nNet revenue for the fiscal fourth quarter of 2020 was $368.1 million, with GAAP net loss attributable to common stockholders of $(4.6) million, or $(0.06) per diluted share. Net revenue for the fiscal third quarter of 2020 was $402.8 million, with GAAP net income of $43.4 million, or $0.56 per diluted share. Net revenue for the fiscal fourth quarter of 2019 was $404.6 million, with GAAP net los...