Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q3 2024 Earnings Presentation
9 slides from Lumentum's earnings presentation, May 6, 2024
Slide 1: Q3 FY24 Conference Call
Q3 FY24 Conference Call May 6, 2024
Slide 2: Forward Looking Statements and Financial Presentation
Forward Looking Statements and Financial Presentation This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding our belief and expectations with resp
Slide 3: Key Points
Key Points Total Company – Q3 revenue and non-GAAP EPS above guidance midpoints – Repaid 2024 convertible notes with $323M in cash – On track to $100M annualized run-rate savings through manufacturing efficiencies, acquisition synergies, and lowering fixed costs Cloud & Networking – Revenue up 9
Slide 4: Q3 FY24 Results (GAAP)
Q3 FY24 Results (GAAP) $ in millions Q3 FY24 Q2 FY24 Q3 FY23 except for EPS, % of revenue Revenue $366.5 $366.8 $383.4 Gross Margin 59.5 16.2% 64.0 17.4% 112.0 29.2% Operating Expenses 174.1 47.5% 169.2 46.1% 163.4 42.6% Operating Loss (114.6) (31.3%) (105.2) (28.7)% (51.4) (13.4)% Diluted EPS $(1.8
Slide 5: Q3 FY24 Results (Non-GAAP)
Q3 FY24 Results (Non-GAAP) $ in millions Q3 FY24 Q2 FY24 Q3 FY23 except for EPS, % of revenue Revenue $366.5 $366.8 $383.4 Gross Margin 119.3 32.6% 119.7 32.6% 156.3 40.8% Operating Expenses 104.3 28.5% 106.7 29.1% 104.9 27.4% Operating Income 15.0 4.1% 13.0 3.5% 51.4 13.4% Diluted EPS $0.29 $0.32 $
Slide 6: Segment Results
Q3 FY24 Segment Results Q3 FY24 Q2 FY24 Q3 FY23 * $ in millions Revenue $366.5 $366.8 $383.4 Cloud & Networking 313.8 286.7 293.0 Industrial Tech 52.7 80.1 90.4 Segment Profit (Loss) Cloud & Networking 14.6 % 10.1 % 20.8 % Industrial Tech (5.1) % 15.9 % 24.4 % * Q3 FY23 has been recast to conform to
Slide 7: Balance Sheet
Balance Sheet Selected Items Q3 FY24 Q2 FY24 $ in millions Cash and Short-term Investments $870.9 $1,224.0 Working Capital (1) 461.5 499.4 Property, Plant & Equipment, net 578.7 582.3 Total Assets 4,204.5 4,656.0 Total Liabilities 3,027.8 3,378.2 Shareholder’s Equity 1,176.7 1,277.8 (1) Working capi
Slide 8: Q4 FY24 Guidance (Non-GAAP)
Q4 FY24 Guidance (Non-GAAP) Guidance is based on our expectations as of today and will not be updated or confirmed as of any other date Q3 FY24 Q4 FY24 $ in millions Actual Guidance except for EPS, % of revenue Revenue $366.5 $290 - $315 Operating Margin 4.1% (3.0%) - 1.0% Diluted EPS $0.29 ($0.05)
Slide 9: Thank You
Thank You ZLUMENTUM