Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q1 2025 Earnings Presentation
9 slides from Lumentum's earnings presentation, Nov 7, 2024
Slide 1: Q1 FY25 Conference Call
Q1 FY25 Conference Call November 7, 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 res
Slide 3: Q1 FY25 Key Points
Q1 FY25 Key Points ▪ Total Company – Q1 revenue and non-GAAP EPS exceeded guidance ranges – Growing cloud customer base – Expansion of our cloud and AI data center manufacturing capacity outside of China tracking to plan – Executing on differentiated roadmap; collaborating with cloud and AI customer
Slide 4: Q1 FY25 Results (GAAP)
Q1 FY25 Results (GAAP) $ in millions Q1 FY25 Q4 FY24 Q1 FY24 except for EPS, % of revenue Revenue $336.9 $308.3 $317.6 Gross Margin 77.9 23.1% 51.3 16.6% 76.7 24.1% Operating Expenses 160.3 47.6% 184.7 59.9% 157.5 49.6% Operating Loss (82.4) (24.5%) (133.4) (43.3)% (80.8) (25.4)% Diluted EPS $(1.21)
Slide 5: Q1 FY25 Results (Non-GAAP)
Q1 FY25 Results (Non-GAAP) $ in millions Q1 FY25 Q4 FY24(1) Q1 FY24(1) except for EPS, % of revenue Revenue $336.9 $308.3 $317.6 Gross Margin 110.4 32.8% 85.6 27.8% 104.3 32.8% Operating Expenses 100.4 29.8% 101.4 32.9% 102.3 32.2% Operating Income (Loss) 10.0 3.0% (15.8) (5.1%) 2.0 0.6% Diluted EPS
Slide 6: Q1 FY25 Segment Results
Q1 FY25 Segment Results Q1 FY25 Q4 FY24 Q1 FY24 $ in millions Revenue $336.9 $308.3 $317.6 Cloud & Networking 282.3 254.7 229.7 Industrial Tech 54.6 53.6 87.9 Segment Profit (Loss) Cloud & Networking 12.9 % 10.1 % 10.4 % Industrial Tech 4.0 % (0.4) % 17.4 % © 2024 Lumentum Operations LLC 6
Slide 7: Balance Sheet
Balance Sheet Selected Items Q1 FY25 Q4 FY24 $ in millions Cash and Short-term Investments $916.1 $887.0 Working Capital (1) 415.0 433.8 Property, Plant & Equipment, net 638.4 572.5 Total Assets 3,969.6 3,931.9 Total Liabilities 3,073.7 2,974.6 Shareholder’s Equity 895.9 957.3 (1) Working capital ex
Slide 8: Q2 FY25 Guidance (Non-GAAP)
Q2 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 Q1 FY25 Q2 FY25 $ in millions Actual Guidance except for EPS, % of revenue Revenue $336.9 $380 - $400 Operating Margin 3.0% 5.5% - 7.5% Diluted EPS $0.18 $0.30 - $0
Slide 9: Thank You
Thank You ZLUMENTUM