Press release
Lumentum Provides Preliminary Fiscal Second Quarter 2021 Financial Results
SAN JOSE, Calif., Jan. 19, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported preliminary results for its fiscal second
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"SAN JOSE, Calif., Jan. 19, 2021 /PRNewswire/ -- Lumentum Holdings Inc. (\"Lumentum\" or the \"Company\") today reported preliminary results for its fiscal second quarter of 2021 ended December 26, 2020.\nPreliminary Results for the Fiscal Second Quarter 2021\nNet revenue of approximately $478.8 millionGAAP operating margin in the range of 22.6% to 24.1%GAAP diluted net income per share in the range of $0.98 to $1.06Non-GAAP operating margin in the range of 34.0% to 35.5%Non-GAAP diluted net income per share in the range of $1.91 to $1.99These preliminary unaudited financial results are based on preliminary unaudited information and management's estimates, and are inherently uncertain and subject to revision in connection with the Company's financial closing procedures and finalization of the Company's financial statements for its fiscal second quarter of 2021. Actual results for the fiscal second quarter of 2021 may differ materially from these preliminary unaudited financial results. \nConference Call to Review Fiscal Second Quarter 2021 Financial Results on February 2, 2021\nThe Company plans to release its fiscal second quarter 2021 financial results for the period ended December 26, 2020, on Tuesday, February 2, 2021, before the market opens, and is planning to hold a conference call to review these financial results the same day at 5:30 am PT/ 8:30 am ET. Details on this call will be provided in a separate news release to be issued later this week.\nRelated Announcement\nIn a separate news release today, the Company announced that it had entered into a transaction to acquire Coherent, Inc. (\"Coherent\"). Lumentum will host a conference call today, January 19, 2021, at 5:30 am PT/8:30 am ET to discuss the announced transaction. Information about today's call and the related transaction announcement is available on the Lumentum website at http://investor.lumentum.com. Lumentum has used, and intends to continue to use, its Investor Relations website as means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. This press release is being furnished as an exhibit to a Current Report on Form 8-K filed with the Securities and Exchange Commission and will be available at http://www.sec.gov/. \nAbout Lumentum\nLumentum (NASDAQ: LITE) is a market-leading designer and man...