Press release
Lumentum Announces Fiscal Third Quarter 2025 Financial Results
Net revenue of $425.2 million GAAP gross margin of 28.8%; Non-GAAP gross margin of 35.2% GAAP operating loss of 8.9%; Non-GAAP operating margin of 10.8% GAAP
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"\n\nNet revenue of $425.2 million\n\n\nGAAP gross margin of 28.8%; Non-GAAP gross margin of 35.2%\n\n\nGAAP operating loss of 8.9%; Non-GAAP operating margin of 10.8%\n\n\nGAAP diluted net loss per share of $0.64; Non-GAAP diluted net income per share of $0.57\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nLumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal third quarter ended March 29, 2025.\n\n“In my first 90 days as CEO, it’s become clear that Lumentum is uniquely positioned to lead as the convergence of optics and electronics accelerates AI data center scaling. Our innovations—from advanced EMLs to ultra-high-power lasers—are driving transformative power efficiencies across cloud, AI, and long-haul networks, making us an essential partner in this next era of connectivity,” said Michael Hurlston, President and CEO.\n\n“In Q3, we exceeded the high end of our guidance for both revenue and EPS, fueled by strong demand from cloud customers and a recovering networking market. Despite ongoing macroeconomic volatility, we believe AI-driven cloud growth will continue to drive our financial momentum into Q4 and beyond,” Hurlston concluded.\n\nFiscal Third Quarter Highlights:\n\nNet revenue for the fiscal third quarter of 2025 was $425.2 million, with GAAP net loss of $44.1 million, or $0.64 per diluted share. Net 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 third quarter of 2024 was $366.5 million, with GAAP net loss of $127.0 million, or $1.88 per diluted share.\n\nNon-GAAP net income for the fiscal third quarter of 2025 was $40.9 million, or $0.57 per diluted share. Non-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 third quarter of 2024 was $6.2 million, or $0.09 per diluted share(1).\n\nThe Company held $866.7 million in total cash, cash equivalents, and short-term investments at the end of the fiscal third quarter of 2025, down $30.0 million from the end of the fiscal second quarter of 2025.\n\nFinancial Overview – Fiscal Third Quarter Ended March 29, 2025\n\n\n\n \n\n\n\nGAAP Results ($ in millions)\n\n\n\n\n\n \n\n\n\nQ3\n\n\n\n \n\n\n\nQ2\n\n\n\n \n\n\n\nQ3\n\n\n\n \n\n\n\nChange\n\n\n\n\n\n \n\n\n\nF...