Lumentum Holdings Inc. · NASDAQ:LITE
Lumentum — Q3 2022 Earnings Presentation
9 slides from Lumentum's earnings presentation, May 4, 2022
Slide 1: Q3 FY22 Conference Call
Q3 FY22 Conference Call May 4, 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 expected market inflections: 5G, 400G+ transition, cloud computing, AR/VR, LiDAR, ADAS, EVs, semiconductor manufacturing ▪ Repurchased 7.8 million shares over the last 12 months –
Slide 4: Q3 FY22 Results (GAAP)
Q3 FY22 Results (GAAP) $ in millions Q3 FY22 Q2 FY22 Q3 FY21 except for EPS, % of revenue Revenue $395.4 $446.7 $419.5 Gross Margin $167.2 42.3% $207.5 46.5% $185.0 44.1% Operating Expenses 120.4 30.5% 122.3 27.4% (81.9) (19.5%) Operating Income $46.8 11.8% $85.2 19.1% $266.9 63.6% Diluted EPS $0.35
Slide 5: Q3 FY22 Results (Non-GAAP)
Q3 FY22 Results (Non-GAAP) $ in millions Q3 FY22 Q2 FY22 Q3 FY21 except for EPS, % of revenue Revenue $395.4 $446.7 $419.5 Gross Margin $195.6 49.5% $228.0 51.0% $209.2 49.9% Operating Expenses 90.7 22.9% 86.4 19.3% 92.1 22.0% Operating Income $104.9 26.5% $141.6 31.7% $117.1 27.9% Diluted EPS $1.19
Slide 6: Segment Results
Q3 FY22 Segment Results Q3 FY22 Q2 FY22 Q3 FY21 $ in millions Revenue $395.4 $446.7 $419.5 Optical Communications 344.2 397.4 387.9 Telecom & Datacom 243.5 267.1 255.8 Industrial & Consumer(1) 100.7 130.3 132.1 Commercial Lasers 51.2 49.3 31.6 Gross Margin (Non-GAAP) 49.5 % 51.0 % 49.9 % Optical Com
Slide 7: Balance Sheet
Balance Sheet Selected Items Q3 FY22 Q2 FY22 $ in millions Cash and Short-term Investments $2,564.1 $2,022.4 Working Capital(1) 281.9 262.0 Property, Plant & Equipment, net 356.4 359.6 Total Assets 4,133.5 3,615.7 Total Liabilities 2,221.4 1,593.8 Shareholder’s Equity 1,912.1 2,021.9 (1) Working cap
Slide 8: Q4 FY22 Guidance (Non-GAAP)
Q4 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 Q3 FY22 Q4 FY22 $ in millions Actual Guidance except for EPS, % of revenue Revenue $395.4 $405 - $430 Operating Margin 26.5% 26.5% - 28.0% Diluted EPS $1.19 $1.25 -
Slide 9: Thank you
Thank you ZLUMENTUM