Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q3 2023 Earnings Presentation
9 slides from Lumentum's earnings presentation, May 9, 2023
Slide 1: Q3 FY23 Conference Call
Q3 FY23 Conference Call May 9, 2023
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: Q3 FY23 Key Points
Q3 FY23 Key Points Telecom & Datacom – Revenue up 20% Y/Y, but down 24% Q/Q as customer inventory digestion slowed shipments – Record quarter in tunable access modules for edge network applications – ROADM revenue grew 10% Y/Y, led by high port count >20% Y/Y – IC supply shortages did not signific
Slide 4: Q3 FY23 Results (GAAP)
Q3 FY23 Results (GAAP) $ in millions Q3 FY23 Q2 FY23 Q3 FY22 except for EPS, % of revenue Revenue $383.4 $506.0 $395.4 Gross Margin 112.0 29.2% 166.2 32.8% 167.2 42.3% Operating Expenses 163.4 42.6% 188.1 37.2% 120.4 30.5% Operating Income (Loss) (51.4) (13.4)% (21.9) (4.3)% 46.8 11.8% Diluted EPS $
Slide 5: Q3 FY23 Results (Non-GAAP)
Q3 FY23 Results (Non-GAAP) $ in millions Q3 FY23 Q2 FY23 Q3 FY22 except for EPS, % of revenue Revenue $383.4 $506.0 $395.4 Gross Margin 156.3 40.8% 227.0 44.9% 195.6 49.5% Operating Expenses 104.9 27.4% 110.3 21.8% 90.7 22.9% Operating Income 51.4 13.4% 116.7 23.1% 104.9 26.5% Diluted EPS $0.75 $1.5
Slide 6: Q3 FY23 Segment Results
Q3 FY23 Segment Results Q3 FY23 Q2 FY23 Q3 FY22 $ in millions Revenue $383.4 $506.0 $395.4 Optical Communications 335.1 448.8 344.2 Telecom & Datacom 293.3 384.2 243.5 Industrial & Consumer (1) 41.8 64.6 100.7 Commercial Lasers 48.3 57.2 51.2 Gross Margin (Non-GAAP) 40.8 % 44.9 % 49.5 % Optical Comm
Slide 7: Balance Sheet
Balance Sheet Selected Items Q3 FY23 Q2 FY23 $ in millions Cash and Short-term Investments $1,667.2 $1,680.4 Working Capital(1) 453.7 418.6 Property, Plant & Equipment, net 482.9 487.7 Total Assets 4,354.0 4,418.1 Total Liabilities 2,816.0 2,874.5 Shareholder’s Equity 1,538.0 1,543.6 (1) Working cap
Slide 8: Q4 FY23 Guidance (Non-GAAP)
Q4 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 Q3 FY23 Q4 FY23 $ in millions except for EPS, % of revenue Actual Guidance Revenue $383.4 $350 - $380 Operating Margin 13.4% 8.5% - 11.5% Diluted EPS $0.75 $0.45 -
Slide 9: Thank you
Thank you ZLUMENTUM