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Lumentum Holdings Inc (LITE)
:LITE
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.5Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -20.85%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance and growth in the Cloud and Networking segment, driven by robust demand and innovative product development. However, supply chain constraints and challenges in the Industrial Tech segment tempered the overall positive sentiment. The company is making strategic investments in capacity expansion to address these issues.Company Guidance
In the second quarter of fiscal year 2025, Lumentum Holdings surpassed the top end of their guidance range, achieving revenues of $402.2 million and a non-GAAP earnings per share of $0.42. The Cloud and Networking segment saw a significant 20% sequential growth and an 18% year-over-year increase, driven primarily by strong demand from cloud hyperscale customers and improving networking markets. The company reported a non-GAAP gross margin of 32.3% and a non-GAAP operating margin of 7.9%, indicating a sequential increase of 490 basis points. Lumentum is on track to achieve its goal of reaching $500 million in quarterly revenue by the end of calendar year 2025, fueled by strategic capacity expansions and new customer acquisitions in the cloud and AI markets. For the third quarter, the company has projected revenues between $410 million and $425 million, with expectations for continuing growth in Cloud and Networking, despite some supply chain challenges. The Industrial Tech segment, however, is anticipated to experience a sequential decline due to macroeconomic challenges and seasonal factors.Exceeding Financial Guidance
Second quarter revenue of $402.2 million and non-GAAP EPS of $0.42 exceeded the high end of guidance ranges. Cloud and Networking segment revenue grew 20% sequentially and 18% year-over-year.
Strong Cloud and Networking Growth
Datacom transceiver revenue increased due to higher shipments to a major cloud hyperscale customer and the start of volume production with a new customer. Engagements with cloud customers and AI infrastructure providers reached an all-time high.
Innovative Product Development
Lumentum began shipping new 200G lane speed EMLs and ultra-high power lasers for AI infrastructure, driving future growth opportunities.
Operational and Strategic Achievements
Transceiver manufacturing capacity expansion is progressing as planned, with significant infrastructure developments at the Thailand site.
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LITE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LITE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $92.67 | $85.90 | -7.31% |
| Nov 07, 2024 | $73.64 | $83.85 | +13.86% |
| Aug 14, 2024 | $45.53 | $52.26 | +14.78% |
| May 06, 2024 | $44.11 | $41.40 | -6.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lumentum Holdings Inc (LITE) report earnings?
Lumentum Holdings Inc (LITE) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Lumentum Holdings Inc (LITE) earnings time?
Lumentum Holdings Inc (LITE) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LITE EPS forecast?
LITE EPS forecast for the fiscal quarter 2025 (Q3) is 0.5.
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