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Lumentum Holdings (LITE)
NASDAQ:LITE
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.32Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 15.54%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements such as exceeding revenue expectations, securing new customer engagements, and strong growth forecasts for the cloud and networking segments. However, challenges remain in the Industrial Tech segment with declining revenue, ongoing capacity constraints, and uncertain telecom spending. Despite these challenges, the company is optimistic about its strategic initiatives and growth prospects.Company Guidance
During Lumentum Holdings' Q1 2025 earnings call, the executives provided guidance indicating strong growth expectations for the upcoming quarters. They highlighted that first-quarter revenue was $336.9 million, exceeding guidance, with non-GAAP EPS at $0.18. For Q2 2025, they anticipate revenue between $380 million and $400 million, driven by a robust demand in cloud and networking segments, which grew 11% sequentially and 23% year-over-year. They also expect double-digit sequential revenue growth in the second quarter, bolstered by record orders for Datacom laser chips, including 200-gig EML chips, and expanding cloud demand. The company is targeting a return to double-digit operating margins, aiming for a 17% to 20% operating margin once quarterly revenue surpasses $600 million. Additionally, Lumentum is pursuing a three-pronged strategy encompassing cloud and AI opportunities, manufacturing expansion outside China, and advancing technology roadmaps to support future data center architectures.Exceeded Guidance Expectations
In the first quarter, Lumentum exceeded the high end of their guidance for both revenue and earnings per share.
Record Datacom Laser Chip Orders
Set a new record for Datacom laser chip orders, including 200-gig EML chips reflecting strong demand from multiple customers.
Double-Digit Sequential Revenue Growth Expected
Based on expanding cloud demand and improving trends in the broader networking market, Lumentum expects double-digit sequential revenue growth in the second quarter.
Strategic Expansion and Customer Engagements
Secured an additional hyperscale transceiver customer and started shipping volume production against new customer awards.
Cloud and Networking Segment Growth
First quarter cloud and networking segment revenue grew 11% sequentially and 23% year-over-year.
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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 |
|---|---|---|---|
| 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% |
| Feb 08, 2024 | $58.77 | $45.58 | -22.44% |
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 (LITE) report earnings?
Lumentum Holdings (LITE) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Lumentum Holdings (LITE) earnings time?
Lumentum Holdings (LITE) earnings time is at Feb 06, 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 (Q2) is $0.35.
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