Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q4 FY24 Earnings Presentation
9 slides from Lumentum's earnings presentation, Aug 14, 2024
Slide 1: Q4 FY24 Conference Call
Q4 FY24 Conference Call August 14, 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: Key Points
Key Points ▪ Total Company – Q4 revenue and non-GAAP EPS above guidance midpoints – Expanding cloud customer base – Scaling up component and module capacity for AI customers – Executing on differentiated technology roadmap to support data center compute scaling ▪ Cloud & Networking – Secured major t
Slide 4: Q4 FY24 Results (GAAP)
Q4 FY24 Results (GAAP) $ in millions Q4 FY24 Q3 FY24 Q4 FY23 except for EPS, % of revenue Revenue $308.3 $366.5 $370.8 Gross Margin 51.3 16.6% 59.5 16.2% 89.6 24.2% Operating Expenses 184.7 59.9% 174.1 47.5% 145.5 39.2% Operating Loss (133.4) (43.3%) (114.6) (31.3)% (55.9) (15.1)% Diluted EPS $(3.72
Slide 5: Q4 FY24 Results (Non-GAAP)
Q4 FY24 Results (Non-GAAP) $ in millions Q4 FY24 Q3 FY24 Q4 FY23 except for EPS, % of revenue Revenue $308.3 $366.5 $370.8 Gross Margin 99.2 32.2% 119.3 32.6% 136.1 36.7% Operating Expenses 100.0 32.4% 104.3 28.5% 102.4 27.6% Operating Income (Loss) (0.8) (0.3%) 15.0 4.1% 33.7 9.1% Diluted EPS $0.06
Slide 6: Segment Results
Q4 FY24 Segment Results Q4 FY24 Q3 FY24 Q4 FY23 $ in millions Revenue $308.3 $366.5 $370.8 Cloud & Networking 254.7 313.8 286.5 Industrial Tech 53.6 52.7 84.3 Segment Profit (Loss) Cloud & Networking 10.1 % 14.6 % 17.7 % Industrial Tech (0.4) % (5.1) % 14.4 % © 2024 Lumentum Operations LLC 6
Slide 7: Balance Sheet
Balance Sheet Selected Items Q4 FY24 Q3 FY24 $ in millions Cash and Short-term Investments $887.0 $870.9 Working Capital (1) 433.8 461.5 Property, Plant & Equipment, net 572.5 578.7 Total Assets 3,931.9 4,204.5 Total Liabilities 2,974.6 3,027.8 Shareholder’s Equity 957.3 1,176.7 (1) Working capital
Slide 8: Q1 FY25 Guidance (Non-GAAP)
Q1 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 Q4 FY24 Q1 FY25 $ in millions Actual Guidance except for EPS, % of revenue Revenue $308.3 $315 - $335 Operating Margin (Loss) (0.3%) 0% - 3.0% Diluted EPS $0.06 $0.
Slide 9: Thank You
Thank You ZLUMENTUM