Press release
Lumentum Announces Fiscal Second Quarter 2025 Financial Results
Net revenue of $402.2 million GAAP gross margin of 24.8%; Non-GAAP gross margin of 32.3% GAAP operating loss of 12.8%; Non-GAAP operating margin of 7.9% GAAP
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"\n\nNet revenue of $402.2 million\n\n\n\nGAAP gross margin of 24.8%; Non-GAAP gross margin of 32.3%\n\n\n\nGAAP operating loss of 12.8%; Non-GAAP operating margin of 7.9%\n\n\n\nGAAP diluted net loss per share of $0.88; Non-GAAP diluted net income per share of $0.42\n\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nLumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal second quarter ended December 28, 2024.\n\n\n“In the second quarter, we exceeded the high end of our guidance ranges for both revenue and earnings per share, driven by strong demand in the cloud end market. This is an exciting time for Lumentum as we position ourselves to capitalize on expanding cloud opportunities and the recovery of the broader networking market. Our foundational technologies enable us to win in these markets,” said Alan Lowe, President and CEO. “With our strong market position and improving industry trends, we remain confident in achieving our previously stated goal of reaching $500 million in quarterly revenue by the end of calendar year 2025.”\n\n\n“On a personal note, serving as Lumentum’s President and CEO over the last decade has been the highlight of my career, and I am deeply grateful to our talented team for their dedication. I look forward to continuing my role on the Lumentum Board and serving as an advisor to ensure a smooth transition to Michael Hurlston,” concluded Mr. Lowe.\n\n\nFiscal Second Quarter Highlights:\n\n\nNet revenue for the fiscal second quarter of 2025 was $402.2 million, with GAAP net loss of $60.9 million, or $0.88 per diluted share. Net revenue for the fiscal first quarter of 2025 was $336.9 million, with GAAP net loss of $82.4 million, or $1.21 per diluted share. Net revenue for the fiscal second quarter of 2024 was $366.8 million, with GAAP net loss of $99.1 million, or $1.47 per diluted share.\n\n\nNon-GAAP net income for the fiscal second quarter of 2025 was $30.0 million, or $0.42 per diluted share. Non-GAAP net income for the fiscal first quarter of 2025 was $12.2 million, or $0.18 per diluted share. Non-GAAP net income for the second quarter of 2024 was $16.4 million, or $0.24 per diluted share(1).\n\n\nThe Company held $896.7 million in total cash, cash equivalents, and short-term investments at the end of the fiscal second quarter of 2025, down $19.4 million from the end of ...