Lumentum reported revenue of $366.5 million for its fiscal third quarter ended March 30, 2024, with GAAP net loss of $127.0 million, or $1.88 per diluted share. Non-GAAP net income for the fiscal third quarter of 2024 was $19.6 million, or $0.29 per diluted share. For comparison, net revenue for the fiscal second quarter of 2024 was $366.8 million, with GAAP net loss of $99.1 million, or $1.47 per diluted share. Net revenue for the fiscal third quarter of 2023 was $383.4 million, with GAAP net loss of $39.3 million, or $0.57 per diluted share.
“Lumentum is well-positioned to capitalize on surging cloud data center demand driven by the exponentially increasing requirements of artificial intelligence,” said Alan Lowe, President and CEO. “We are making significant strides in developing new products and customer programs, and expanding production capacity to capitalize on exciting opportunities that we expect will meaningfully increase calendar 2025 revenue and beyond.”
https://investor.lumentum.com/quarterly-results/default.aspx
