NASDAQ$LITE
Lumentum Holdings Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Lumentum's financial results for Q3 2020 were announced.
Lumentum reported a net revenue of $402.8 million for the fiscal third quarter of 2020, with a GAAP net income of $43.4 million, or $0.56 per diluted share. The COVID-19 pandemic impacted revenue by more than $10 million higher than prior guidance.
- Net revenue was $402.8 million.
- GAAP operating margin was 10.6%; Non-GAAP operating margin was 25.0%.
- GAAP diluted net income per share was $0.56; Non-GAAP diluted net income per share was $1.26.
- COVID-19 revenue impact was more than $10 million higher than in prior guidance.
Headline financials
Revenue & EPS history
Lumentum · Revenue · Quarterly
$403M
Forward guidance
Lumentum expects net revenue in the range of $325 million to $365 million, Non-GAAP operating margin of 18% to 21% and Non-GAAP diluted earnings per share of $0.70 to $0.90 for the fiscal fourth quarter 2020. Estimated fourth quarter impact from COVID-19 is a reduction in revenue of more than $90 million and a reduction in non-GAAP diluted earnings per share of more than $0.50
Tailwinds
- Net revenue in the range of $325 million to $365 million
- Non-GAAP operating margin of 18% to 21%
- Non-GAAP diluted earnings per share of $0.70 to $0.90
Headwinds
- Estimated fourth quarter impact from COVID-19 is a reduction in revenue of more than $90 million
- Estimated fourth quarter impact from COVID-19 is a reduction in non-GAAP diluted earnings per share of more than $0.50
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 Q3 2020
+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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