Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q2 2024 Earnings Presentation
9 slides from Lumentum's earnings presentation, Feb 8, 2024
Slide 1: Q2 FY24 Conference Call
Q2 FY24 Conference Call February 8, 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 – Q2 Revenue and non-GAAP EPS above guidance midpoints – Completed Cloud Light acquisition, expanding our exposure to cloud and AI growth opportunities – Tight cost controls; focused on acquisition synergies and lowering fixed costs • Closure of two NeoPhotonics factories
Slide 4: Q2 FY24 Results (GAAP)
Q2 FY24 Results (GAAP) $ in millions Q2 FY24 Q1 FY24 Q2 FY23 except for EPS, % of revenue Revenue $366.8 $317.6 $506.0 Gross Margin 64.0 17.4% 76.7 24.1% 166.2 32.8% Operating Expenses 169.2 46.1% 157.5 49.6% 188.1 37.2% Operating Loss (105.2) (28.7%) (80.8) (25.4)% (21.9) (4.3)% Diluted EPS $(1.47)
Slide 5: Q2 FY24 Results (Non-GAAP)
Q2 FY24 Results (Non-GAAP) $ in millions Q2 FY24 Q1 FY24 Q2 FY23 except for EPS, % of revenue Revenue $366.8 $317.6 $506.0 Gross Margin 119.7 32.6% 110.7 34.9% 227.0 44.9% Operating Expenses 106.7 29.1% 100.1 31.5% 110.3 21.8% Operating Income 13.0 3.5% 10.6 3.3% 116.7 23.1% Diluted EPS $0.32 $0.35
Slide 6: Q2 FY24 Segment Results
Q2 FY24 Segment Results Q2 FY24 Q1 FY24 Q2 FY23 * $ in millions Revenue $366.8 $317.6 $506.0 Cloud & Networking 286.7 229.7 382.9 Industrial Tech 80.1 87.9 123.1 Segment Profit 11.4 % 12.3 % 29.6 % Cloud & Networking 10.1 % 10.4 % 26.1 % Industrial Tech 15.9 % 17.4 % 40.4 % * Q2 FY23 has been recast
Slide 7: Balance Sheet
Balance Sheet Selected Items Q2 FY24 Q1 FY24 $ in millions Cash and Short-term Investments $1,224.0 $1,944.3 Working Capital (1) 499.4 469.4 Property, Plant & Equipment, net 582.3 511.6 Total Assets 4,656.0 4,545.0 Total Liabilities 3,378.2 3,234.2 Shareholder’s Equity 1,277.8 1,310.8 (1) Working ca
Slide 8: Q3 FY24 Guidance (Non-GAAP)
Q3 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 Q2 FY24 Q3 FY24 $ in millions Actual Guidance except for EPS, % of revenue Revenue $366.8 $350 - $380 Operating Margin 3.5% 2.0% - 5.0% Diluted EPS $0.32 $0.20 - $0
Slide 9: Thank You
Thank You ZLUMENTUM