NASDAQ$LITE
Lumentum Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Lumentum's Q3 2021 financial results were announced, with revenue impacted by deferred revenue due to 5G deployment delays in China, but strong margins and EPS were achieved.
Lumentum reported Q3 2021 net revenue of $419.5 million, which includes a $14.8 million deferral due to 5G deployment delays in China. GAAP net income was $225.5 million, or $2.85 per diluted share, while non-GAAP net income was $110.6 million, or $1.40 per diluted share. The company's board approved a share buyback program of up to $700 million over the next two years.
- Net revenue was $419.5 million, which includes a $14.8 million deferral.
- GAAP gross margin was 44.1%, and non-GAAP gross margin was 49.9%.
- GAAP diluted net income per share was $2.85, and non-GAAP diluted net income per share was $1.40.
- The board approved a share buyback program of up to $700 million over the next two years.
Headline financials
Revenue & EPS history
Lumentum · Revenue · Quarterly
$420M
Forward guidance
Lumentum expects net revenue in the range of $360 million to $400 million, non-GAAP operating margin of 22.5% to 25.0%, and non-GAAP diluted earnings per share of $0.92 to $1.14 for the fiscal fourth quarter 2021.
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 2021
+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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