NASDAQ$LITE
Lumentum Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported fiscal third quarter 2023 financial results, impacted by customer inventory digestion.
Lumentum's fiscal third quarter 2023 results reflect the impact of customer inventory digestion. The company is prioritizing expense controls, accelerated attainment of acquisition synergies, and cash generation.
- Net revenue for the fiscal third quarter of 2023 was $383.4 million.
- GAAP net loss was $39.3 million, or $0.57 loss per diluted share.
- Non-GAAP net income was $51.8 million, or $0.75 per diluted share.
- The Company held $1,667.2 million in total cash, cash equivalents, and short-term investments at the end of the fiscal third quarter of 2023.
Headline financials
Revenue & EPS history
Lumentum · Revenue · Quarterly
$383M
Forward guidance
Lumentum expects net revenue in the range of $350 million to $380 million, non-GAAP operating margin of 8.5% to 11.5%, and non-GAAP diluted earnings per share of $0.45 to $0.65 for the fiscal fourth quarter 2023.
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 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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