NASDAQ$LAZRQ
Luminar Technologies Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported strong Q2 2021 results with increased revenue and solidified position in automotive lidar market.
Luminar Technologies reported an 84% year-over-year increase in revenue for Q2 2021, reaching $6.3 million. The company is raising its full-year 2021 revenue guidance to $30 to $33 million. Luminar also achieved significant commercial wins, including standardization with Volvo, and is increasing its forward-looking order book growth target.
- Revenue increased by 84% year-over-year to $6.3 million.
- Non-GAAP net loss was $27.7 million, or $(0.08) per share.
- Increased full-year revenue guidance to $30 to $33 million.
- Raised forward-looking order book growth target to 60%.
Headline financials
Revenue & EPS history
Luminar · Revenue · Quarterly
$6.31M
Forward guidance
Luminar raised its full-year 2021 revenue guidance and forward-looking order book growth target, driven by strong year-to-date execution and accelerating OEM adoption.
Tailwinds
- Increased full-year 2021 revenue guidance to $30 to $33 million.
- Raising its 2021 forward-looking order book growth target to 60%.
- Locked down over 85% of its series production supply chain and tooling for Iris.
- Doubling its major commercial win target this year to six from three.
- Volvo’s decision to make Luminar a standard feature on its next-generation electric SUV.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
-2.1%
Avg return
Earnings day
-15.7%
Avg return
5 days after
-10.0%
Avg return
30 days after
33%
9 / 27 earnings
Positive
+33.0%
Q4 2024
Best reaction
-34.3%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | -5.7% | -15.7% | -10.0% | |
| Q2 2025 | -16.1% | — | — | |
| Q1 2025 | -17.0% | — | — | |
| Q4 2024 | +33.0% | — | — | |
| Q3 2024 | +28.6% | — | — | |
| Q2 2024 | -34.3% | — | — | |
| Q1 2024 | -2.7% | — | — | |
| Q4 2023 | +6.3% | — | — | |
| Q3 2023 | -12.1% | — | — | |
| Q2 2023 | -7.0% | — | — | |
| Q1 2023 | -7.9% | — | — | |
| Q4 2022 | +2.1% | — | — | |
| Q3 2022 | -9.9% | — | — | |
| Q2 2022 | +13.3% | — | — | |
| Q1 2022 | -9.4% | — | — | |
| Q4 2021 | +8.3% | — | — | |
| Q3 2021 | +3.9% | — | — | |
| Q2 2021 | -6.6% | — | — | |
| Q1 2021 | +6.2% | — | — | |
| Q4 2020 | -9.9% | — | — | |
| Q2 2020 | -9.9% | — | — | |
| Q4 2019 | -9.9% | — | — | |
| Q3 2020 | -0.8% | — | — | |
| Q1 2020 | +0.2% | — | — | |
| Q3 2019 | +0.0% | — | — | |
| Q2 2019 | +0.0% | — | — | |
| Q1 2019 | +0.0% | — | — |
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