NASDAQ$LITE

Lumentum Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Lumentum's Q1 2025 financial performance exceeded expectations, with revenue and EPS surpassing guidance, driven by strong datacom laser chip orders and expanding cloud demand.

Lumentum reported a net revenue of $336.9 million and a GAAP net loss of $82.4 million, or $1.21 per diluted share, for the fiscal first quarter ended September 28, 2024. Non-GAAP net income was $12.2 million, or $0.18 per diluted share. The company exceeded the high end of its guidance for both revenue and earnings per share, driven by strong demand for datacom laser chips and expanding cloud demand.

  • Net revenue for the fiscal first quarter of 2025 was $336.9 million.
  • GAAP net loss was $82.4 million, or $1.21 per diluted share.
  • Non-GAAP net income was $12.2 million, or $0.18 per diluted share.
  • The company held $916.1 million in total cash, cash equivalents, and short-term investments at the end of the fiscal first quarter of 2025.

Headline financials

Total Revenue

$337M

Previous: $318M+6.1%
EPS

-$1.21

Previous: $0.35-445.7%
Gross Margin

23.1%

No prior period
Non Gaap Gross Margin

32.8%

Previous: 34.9%-6.0%
Operating Margin

-24.5%

No prior period
Non Gaap Operating Margin

3.0%

Previous: 3.3%-9.1%
Capital Expenditures

-$74.1M

Previous: -$57.8M-28.2%
Free Cash Flow

-$157M

Previous: -$126M-24.5%
Net Income

-$82.4M

Previous: -$67.9M-21.4%
Operating Income

-$82.4M

Previous: -$80.8M-2.0%
Gross Profit

$77.9M

Previous: $76.7M+1.6%
Cash & Equivalents

$489M

Previous: $862M-43.2%
Total Assets

$3.97B

Previous: $4.55B-12.7%
R&D Expense

$74.3M

Previous: $73.5M+1.1%
Stock-Based Comp

$35.6M

Previous: $32.1M+10.9%

Revenue & EPS history

Lumentum · Revenue · Quarterly

$337M

Q1 2025+6.1%vs Q1 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Lumentum expects net revenue in the range of $380 million to $400 million and non-GAAP diluted earnings per share of $0.30 to $0.40 for the fiscal second quarter 2025.

Tailwinds

  • Net revenue in the range of $380 million to $400 million
  • Non-GAAP operating margin of 5.5% to 7.5%
  • Non-GAAP diluted earnings per share of $0.30 to $0.40

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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