Press release
Lumentum Announces Fiscal Fourth Quarter and Full Year 2024 Results
Fiscal Fourth Quarter Highlights: Net revenue of $308.3 million GAAP operating loss of 43.3%; Non-GAAP operating loss of 0.3% GAAP diluted net loss per share
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"\nFiscal Fourth Quarter Highlights:\n\n\n\nNet revenue of $308.3 million\n\n\n\nGAAP operating loss of 43.3%; Non-GAAP operating loss of 0.3%\n\n\n\nGAAP diluted net loss per share of $3.72; Non-GAAP diluted net income per share of $0.06\n\n\n\nFiscal Year 2024 Highlights:\n\n\n\nNet revenue of $1.36 billion\n\n\n\nGAAP operating loss of 31.9%; Non-GAAP operating margin of 2.8%\n\n\n\nGAAP diluted net loss per share of $8.12; Non-GAAP diluted net income per share of $1.01\n\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nLumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal fourth quarter and full year ended June 29, 2024.\n\n\n“We exceeded our guidance midpoints for both revenue and EPS in the fourth quarter. We booked record orders for datacom chips used in data center applications and saw emerging positive trends in the broader traditional networking market,” said Alan Lowe, President and CEO. “We are making significant progress executing our strategy to broaden our cloud and AI customer base, which will lead to accelerated growth in calendar year 2025.”\n\n\nFiscal Fourth Quarter Highlights:\n\n\nNet revenue for the fiscal fourth quarter of 2024 was $308.3 million, with GAAP net loss of $252.5 million, or $3.72 per diluted share. Net revenue for the fiscal third quarter of 2024 was $366.5 million, with GAAP net loss of $127.0 million, or $1.88 per diluted share. Net revenue for the fiscal fourth quarter of 2023 was $370.8 million, with GAAP net loss of $60.2 million, or $0.88 per diluted share.\n\n\nNon-GAAP net income for fiscal fourth quarter of 2024 was $4.0 million, or $0.06 per diluted share. Non-GAAP net income for fiscal third quarter of 2024 was $19.6 million, or $0.29 per diluted share. Non-GAAP net income for the fiscal fourth quarter of 2023 was $40.2 million, or $0.59 per diluted share.\n\n\nThe Company held $887.0 million in total cash, cash equivalents, and short-term investments at the end of the fiscal fourth quarter of 2024, an increase of $16.1 million from the third quarter of 2024.\n\n\nFull Fiscal Year 2024 Highlights:\n\n\nNet revenue for fiscal year 2024 was $1,359.2 million, with GAAP net loss of $546.5 million, or $8.12 per diluted share. Net revenue for fiscal year 2023 was $1,767.0 million, with GAAP net loss of $131.6 million, or $1.93 per diluted share.\n\n\nNon-GA...