LITE Earnings Prediction
The chart below shows how LITE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LITE sees a +5.63% change in stock price 10 days leading up to the earnings, and a +3.68% change 10 days following the report. On the earnings day itself, the stock moves by -4.46%. This data can give you a slight idea of what to expect for the next quarter's release.
LITE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
366.50M
-4.41%
-0.08%
Gross Margin
16.23%
-44.44%
-6.99%
Operating Margin
-26.03%
100.38%
-3.95%
Net Margin
--
--
--
EPS
-1.88
-229.82%
27.89%
No Data Available
LITE Earnings Analysis
Lumentum Holdings Inc. Common Stock Corporation (LITE.O) Earnings Conference Call
Positive
Cloud & Networking Revenue Growth: Lumentum's Cloud & Networking revenue grew 9% sequentially and 7% year-over-year, driven by strong data center demand and the contribution from the Cloud Light acquisition.
100G EMML Laser Chip Revenue: Revenue from 100G EMML laser chips nearly tripled in fiscal Q3 compared to Q2, driven by the expansion of output capacity at our Japanese wafer fab.
Inventory Reduction Strategy: Lumentum achieved a $51 million sequential reduction in overall inventory levels, and plans to continue increasing inventory turns during the next several quarters.
Synergy Target Achievement: The company expects to achieve its $100 million annualized synergy target from the NeoPhotonics acquisition, having secured approximately $70 million in annual run rate savings to date.
Quarterly Revenue Performance: Lumentum's third quarter revenue was $366.5 million, which was above the midpoint of their guidance ranges, with non-GAAP EPS of $0.29.
Negative
Q3 Revenue Decline: Fiscal Q3 revenue was $366.5 million, down 4.4% year-over-year.
Operating Loss Analysis: GAAP operating loss was 31.3%, with a significant portion attributed to acquisition-related charges and restructuring costs.
Industrial Tech Revenue Decline: Industrial Tech segment revenue was down 34.2% sequentially and down 41.7% year-over-year.
Operating Expenses Decline: Third quarter non-GAAP operating expenses totaled $104.3 million, or 28.5% of revenue, down $2.4 million from Q2.
Telecom Spending Slowdown: The pace of telecom carrier spending has slowed more than previously anticipated.
LITE FAQs
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LITE Earning Call Sentiment
Lumentum Holdings Inc. (LITE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LITE.O
7.79%Positive
The earnings call summary shows strong financial performance in the cloud segment and optimistic growth expectations for the future, despite weak industrial tech revenue. The Q&A reveals management's confidence in new customer opportunities and product developments, such as optical switching and transceivers, which are expected to drive growth. While there are some uncertainties, like telecom visibility, the overall sentiment is positive, particularly with the projected $500 million quarterly revenue target and improving gross margins. Given the market cap, the stock is likely to experience a positive movement of 2% to 8%.