NASDAQ$LITE
Lumentum Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Lumentum's Q1 2023 financial results were announced, with revenue above guidance and EPS at the high end of the range.
Lumentum reported a solid start to fiscal year 2023, with revenue exceeding the midpoint of guidance and earnings per share reaching the high end of the guided range. The company's operating margin also surpassed expectations. Demand was strong from Telecom and Industrial Lasers customers. However, supply chain constraints are expected to persist into fiscal 2024, and the near-term outlook for Datacom and 3D sensing is lower than prior projections.
- Net revenue for the fiscal first quarter of 2023 was $506.8 million.
- GAAP net loss was $0.4 million, or $0.01 loss per diluted share.
- Non-GAAP net income was $119.2 million, or $1.69 per diluted share.
- The company held $1,624.9 million in total cash, cash equivalents, and short-term investments at the end of the fiscal first quarter of 2023, down $924.1 million from the end of the fiscal fourth quarter of 2022.
Headline financials
Revenue & EPS history
Lumentum · Revenue · Quarterly
$507M
Forward guidance
Lumentum expects net revenue in the range of $490 million to $520 million for the fiscal second quarter 2023. Non-GAAP operating margin is expected to be between 20% and 22%, and non-GAAP diluted earnings per share are projected to be between $1.20 and $1.45.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.1%
Avg return
Earnings day
+4.0%
Avg return
5 days after
+4.5%
Avg return
30 days after
45%
21 / 47 earnings
Positive
+25.8%
Q2 2018
Best reaction
-21.5%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -7.7% | +5.9% | -13.2% | |
| Q2 2026 | +11.3% | +32.6% | +28.3% | |
| Q1 2026 | +23.6% | +38.0% | +75.9% | |
| Q3 2025 | +3.0% | +11.3% | +26.5% | |
| Q2 2025 | -7.3% | -14.5% | -33.0% | |
| Q1 2025 | +16.5% | +20.4% | +29.0% | |
| Q4 2024 | +13.0% | +14.2% | +20.6% | |
| Q3 2024 | -7.5% | -2.1% | +1.5% | |
| Q2 2024 | -14.6% | -19.0% | -18.9% | |
| Q1 2024 | -5.9% | -2.6% | +4.8% | |
| Q4 2023 | +2.5% | +9.6% | +3.1% | |
| Q3 2023 | -7.0% | -11.8% | +6.7% | |
| Q2 2023 | -2.9% | -3.0% | -15.7% | |
| Q1 2023 | -21.5% | -18.0% | -20.8% | |
| Q4 2022 | -7.2% | -3.9% | -21.1% | |
| Q3 2022 | +8.1% | +5.9% | +2.3% | |
| Q2 2022 | -10.5% | -5.5% | -7.5% | |
| Q1 2022 | +7.5% | +6.3% | -1.0% | |
| Q4 2021 | +5.9% | +7.4% | +6.4% | |
| Q3 2021 | -17.9% | -12.1% | -1.6% | |
| Q2 2021 | -7.4% | -7.2% | -10.8% | |
| Q1 2021 | -1.1% | +7.2% | +5.4% | |
| Q4 2020 | +5.6% | +5.6% | -20.2% | |
| Q3 2020 | +2.7% | +3.7% | -2.3% | |
| Q2 2020 | +12.9% | +13.1% | +12.7% | |
| Q1 2020 | +13.9% | +15.1% | +28.8% | |
| Q4 2019 | +8.6% | +8.2% | +4.9% | |
| Q3 2019 | -2.4% | -3.7% | -27.6% | |
| Q2 2019 | -5.8% | -14.7% | -6.7% | |
| Q1 2019 | -4.2% | +0.8% | -18.6% | |
| Q4 2018 | +1.0% | +0.8% | +13.7% | |
| Q3 2018 | +11.3% | +16.7% | +16.4% | |
| Q2 2018 | +25.8% | +34.3% | +53.4% | |
| Q1 2018 | -6.8% | -9.1% | -17.3% | |
| Q4 2017 | -10.5% | -8.7% | -4.8% | |
| Q3 2017 | +15.7% | +20.1% | +36.4% | |
| Q2 2017 | +18.2% | +22.3% | +18.2% | |
| Q1 2017 | -7.9% | -11.9% | +1.4% | |
| Q4 2016 | +1.8% | +4.6% | +20.2% | |
| Q3 2015 | -5.2% | — | — | |
| Q3 2016 | -5.2% | — | — | |
| Q2 2016 | +9.2% | — | — | |
| Q1 2015 | -0.6% | — | — | |
| Q1 2016 | -0.4% | — | — | |
| Q4 2015 | -0.1% | — | — | |
| Q2 2015 | -0.1% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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