NASDAQ$LITE

Lumentum Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Lumentum exceeded guidance for revenue and EPS, driven by cloud demand and positioning for broader networking market recovery.

Lumentum reported a strong fiscal second quarter, exceeding the high end of its guidance ranges for both revenue and earnings per share. This performance was driven by strong demand in the cloud end market. The company is optimistic about capitalizing on expanding cloud opportunities and the recovery of the broader networking market.

  • Net revenue for the fiscal second quarter of 2025 was $402.2 million.
  • GAAP net loss was $60.9 million, or $0.88 per diluted share.
  • Non-GAAP net income was $30.0 million, or $0.42 per diluted share.
  • The company held $896.7 million in total cash, cash equivalents, and short-term investments at the end of the fiscal second quarter of 2025.

Headline financials

Total Revenue

$402M

Previous: $367M+9.7%
EPS

-$0.88

Previous: -$1.47+39.9%
Capital Expenditures

-$114M

Previous: -$88.8M-28.7%
Free Cash Flow

-$15.9M

Previous: -$188M+91.5%
Net Income

-$60.9M

Previous: -$99.1M+38.5%
Operating Income

-$12.8M

Previous: -$105M+87.8%
Gross Profit

$99.6M

Previous: $64M+55.6%
R&D Expense

$73.8M

Previous: $78.3M-5.7%

Revenue & EPS history

Lumentum · Revenue · Quarterly

$402M

Q2 2025+9.7%vs Q2 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Lumentum expects net revenue in the range of $410 million to $425 million, non-GAAP operating margin of 9.5% to 10.5%, and non-GAAP diluted earnings per share of $0.47 to $0.53 for the fiscal third quarter 2025.

Tailwinds

  • Net revenue in the range of $410 million to $425 million
  • Non-GAAP operating margin of 9.5% to 10.5%
  • Non-GAAP diluted earnings per share of $0.47 to $0.53

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 Q2 2025

Historical avgQ2 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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