Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q1 2023 Earnings Presentation
10 slides from Lumentum's earnings presentation, Nov 8, 2022
Slide 1: Q1 FY23 Conference Call
Q1 FY23 Conference Call November 8, 2022
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 expectations for our markets, cus
Slide 3: Q1 FY23 Key Points
Q1 FY23 Key Points Strong Revenue Growth in Telecom, Gated by IC Supply – Delivered $136M of incremental revenue, or 79% growth in Telecom Y/Y in Q1 – Telecom growth excluding acquisitions was 38% Y/Y – Expect ~$80M gap between supply and demand in Q2 due to shortages of ICs, approximately flat to
Slide 4: Q1 FY23 Results (GAAP)
Q1 FY23 Results (GAAP) $ in millions Q1 FY23 Q4 FY22 Q1 FY22 except for EPS, % of revenue Revenue 506.8 $422.1 $448.4 Gross Margin 201.2 39.7% 181.7 43.0% 232.2 51.8% Operating Expenses 187.7 37.0% 126.3 29.9% 116.3 25.9% Operating Income 13.5 2.7% 55.4 13.1% 115.9 25.8% Diluted EPS $(0.01) $0.49 $1
Slide 5: Q1 FY23 Results (Non-GAAP)
Q1 FY23 Results (Non-GAAP) $ in millions Q1 FY23 Q4 FY22 Q1 FY22 except for EPS, % of revenue Revenue 506.8 $422.1 $448.4 Gross Margin 244.1 48.2% 212.7 50.4% 246.7 55.0% Operating Expenses 106.7 21.1% 91.1 21.6% 87.8 19.6% Operating Income 137.4 27.1% 121.6 28.8% 158.9 35.4% Diluted EPS $1.69 $1.47
Slide 6: Q1 FY23 Segment Results
Q1 FY23 Segment Results Q1 FY23 Q4 FY22 Q1 FY22 $ in millions Revenue $506.8 $422.1 $448.4 Optical Communications 453.4 370.9 406.0 Telecom & Datacom 360.1 282.1 216.0 Industrial & Consumer (1) 93.3 88.8 190.0 Commercial Lasers 53.4 51.2 42.4 Gross Margin (Non-GAAP) 48.2 % 50.4 % 55.0 % Optical Comm
Slide 7: Balance Sheet
Balance Sheet Selected Items Q1 FY23 Q4 FY22 $ in millions Cash and Short-term Investments $1,624.9(1) $2,549.0 Working Capital(2) 430.9 283.6 Property, Plant & Equipment, net 478.0 360.5 Total Assets 4,387.4 4,162.2 Total Liabilities 2,861.0 2,287.2 Shareholder’s Equity 1,526.4 1,875.0 (1) Repurcha
Slide 8: Q2 FY23 Guidance (Non-GAAP)
Q2 FY23 Guidance (Non-GAAP) Guidance is based on our expectations as of today and will not be updated or confirmed as of any other date Q1 FY23 Q2 FY23 $ in millions except for EPS, % of revenue Actual Guidance Revenue $506.8 $490 - $520 Operating Margin 27.1% 20% - 22% Diluted EPS $1.69 $1.20 - $1.
Slide 9: FY23 Outlook (Non-GAAP)
FY23 Outlook (Non-GAAP) This outlook is based on our revised expectations as of today and may not be updated or confirmed as of any other date FY22 FY23 $ in millions except for EPS, % of revenue Actual Updated Outlook Revenue $1,713 $1,900 - $2,050 Operating Margin 30.8% 19% - 22% Diluted EPS $6.05
Slide 10: Thank you
Thank you ZLUMENTUM