Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q2 2025 Earnings Presentation
9 slides from Lumentum's earnings presentation, Feb 6, 2025
Slide 1: Q2 FY25 Conference Call
Q2 FY25 Conference Call February 6, 2025
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 res
Slide 3: Q2 FY25 Key Points
Q2 FY25 Key Points ▪ Revenue & Performance – Delivered Q2 revenue and non-GAAP EPS above guidance ranges – Growing cloud opportunities, both inside and outside data centers – Scaling to address cloud and AI data center demand with increasing manufacturing capacity – Collaborating with customers on d
Slide 4: Q2 FY25 Results (GAAP)
Q2 FY25 Results (GAAP) $ in millions Q2 FY25 Q1 FY25 Q2 FY24 except for EPS, % of revenue Revenue $402.2 $336.9 $366.8 Gross Margin 99.6 24.8% 77.9 23.1% 64.0 17.4% Operating Expenses 151.2 37.6% 160.3 47.6% 169.2 46.1% Operating Loss (51.6) (12.8%) (82.4) (24.5)% (105.2) (28.7)% Diluted EPS $(0.88)
Slide 5: Q2 FY25 Results (Non-GAAP)
Q2 FY25 Results (Non-GAAP) $ in millions Q2 FY25 Q1 FY25 Q2 FY24(1) except for EPS, % of revenue Revenue $402.2 $336.9 $366.8 Gross Margin 130.0 32.3% 110.4 32.8% 115.1 31.4% Operating Expenses 98.3 24.4% 100.4 29.8% 108.2 29.5% Operating Income 31.7 7.9% 10.0 3.0% 6.9 1.9% Diluted EPS $0.42 $0.18 $
Slide 6: Q2 FY25 Segment Results
Q2 FY25 Segment Results Q2 FY25 Q1 FY25 Q2 FY24 $ in millions Revenue $402.2 $336.9 $366.8 Cloud & Networking 339.2 282.3 286.7 Industrial Tech 63.0 54.6 80.1 Segment Profit Cloud & Networking 16.2 % 12.9 % 10.1 % Industrial Tech 6.2 % 4.0 % 15.9 % © 2024 Lumentum Operations LLC 6
Slide 7: Balance Sheet
Balance Sheet Selected Items Q2 FY25 Q1 FY25 $ in millions Cash and Short-term Investments $896.7 $916.1 Working Capital (1) 407.8 415.0 Property, Plant & Equipment, net 663.4 638.4 Total Assets 3,966.1 3,969.6 Total Liabilities 3,093.8 3,073.7 Shareholder’s Equity 872.3 895.9 (1) Working capital ex
Slide 8: Q3 FY25 Guidance (Non-GAAP)
Q3 FY25 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 FY25 Q3 FY25 $ in millions Actual Guidance except for EPS, % of revenue Revenue $402.2 $410 - $425 Operating Margin 7.9% 9.5% - 10.5% Diluted EPS $0.42 $0.47 - $
Slide 9: Thank You
Thank You ZLUMENTUM