Slide 1: Q2 FY22 Conference Call
Q2 FY22 Conference Call February 3, 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 statements include any anticipation or guidance as to future finan
Slide 3: Key Points
Key Points ▪ Double-digit revenue growth expected in fiscal 2023 and beyond – Products and technology well aligned with key market inflections: 5G, 400G+ transition, cloud computing, AR/VR, LiDAR, ADAS, EVs, semiconductor manufacturing ▪ Demand accelerating while supply hinders revenue in near term
Slide 4: Q2 FY22 Results (GAAP)
Q2 FY22 Results (GAAP) $ in millions Q2 FY22 Q1 FY22 Q2 FY21 except for EPS, % of revenue Revenue $446.7 $448.4 $478.8 Gross Margin $207.5 46.5% 232.2 51.8% 229.6 48.0% Operating Expenses 122.3 27.4% 116.3 25.9% 114.3 23.9% Operating Income $85.2 19.1% 115.9 25.8% 115.3 24.1% Diluted EPS $0.75 $1.08
Slide 5: Q2 FY22 Results (Non-GAAP)
Q2 FY22 Results (Non-GAAP) $ in millions Q2 FY22 Q1 FY22 Q2 FY21 except for EPS, % of revenue Revenue $446.7 $448.4 $478.8 Gross Margin $228.0 51.0% 246.7 55.0% 255.9 53.4% Operating Expenses 86.4 19.3% 87.8 19.6% 86.0 18.0% Operating Income $141.6 31.7% 158.9 35.4% 169.9 35.5% Diluted EPS $1.60 $1.
Slide 6: Q2 FY22 Segment Results
Q2 FY22 Segment Results Q2 FY22 Q1 FY22 Q2 FY21 $ in millions Revenue $446.7 $448.4 $478.8 Optical Communications 397.4 406.0 449.1 Telecom & Datacom 267.1 216.0 286.2 Industrial & Consumer(1) 130.3 190.0 162.9 Commercial Lasers 49.3 42.4 29.7 Gross Margin (Non-GAAP) 51.0 % 55.0 % 53.4% Optical Comm
Slide 7: Balance Sheet
Balance Sheet Selected Items Q2 FY22 Q1 FY22 $ in millions Cash and Short-term Investments $2,022.4(1) $1,884.6(2) Working Capital(3) 262.0 322.5 Property, Plant & Equipment, net 359.6 353.2 Total Assets 3,615.7 3,519.0 Total Liabilities 1,593.8 1,547.6 Shareholder’s Equity 2,021.9(1) 1,971.4(2) (1)
Slide 8: Q3 FY22 Guidance (Non-GAAP)
Q3 FY22 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 FY22 Q3 FY22 $ in millions Actual Guidance except for EPS, % of revenue Revenue $446.7 $375 - $405 Operating Margin 31.7% 24.0% - 26.0% Diluted EPS $1.60 $1.01 -
Slide 9: Thank you
Thank you ZLUMENTUM