NASDAQ$LAZRQ
Luminar Technologies Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Luminar announced new business, ramped up production with Volvo Cars, and generated first Luminar Halo point cloud.
Luminar reported its Q3 2024 business update, highlighting new contracts with Volvo Cars and a major Japanese automaker, along with progress in production and technology development.
- Secured additional model win with Volvo Cars, featuring Luminar as standard equipment.
- Entered new advanced development contract with a major Japanese automaker for next-generation ADAS system.
- Continued to ramp series production globally with the Volvo EX90, shipping more product than the past three quarters combined.
- Achieved major milestone for Luminar Halo, successfully proving industry-leading long range LiDAR data fidelity.
Headline financials
Revenue & EPS history
Luminar · Revenue · Quarterly
$15.5M
Forward guidance
Luminar expects continued improvement in Q4'24 following recent cost-cutting actions.
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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