The company said it reported net revenue of $366.5 million for the fiscal 2024 Q3 quarter ended March 30, 2024, with a GAAP net loss of $127.0 million, or $1.88 per diluted share. Net revenue was $366.8 million in the prior quarter and $383.4 million a year earlier.

1. 01

   The company said it reported net revenue of $366.5 million for the fiscal 2024 Q3 quarter ended March 30, 2024, with a GAAP net loss of $127.0 million, or $1.88 per diluted share. Net revenue was $366.8 million in the prior quarter and $383.4 million a year earlier.

2. 02

   Lumentum said Cloud & Networking net revenue for Q3 was $313.8 million, or 85.6% of the total, up 9.5% from the previous quarter and 7.1% from a year earlier. Industrial Tech net revenue was $52.7 million, down 34.2% from the previous quarter and 41.7% from a year earlier.

3. 03

   The company said cash, cash equivalents and short-term investments were $870.9 million as of the end of fiscal 2024 Q3, down $353.1 million from the end of Q2. It paid the remaining principal of $323.1 million on its convertible notes due in 2024 in full at maturity in March 2024.

4. 04

   Lumentum said it expects net revenue of $290 million to $315 million, non-GAAP operating margin of (3.0%) to 1.0%, and non-GAAP diluted earnings per share of ($0.05) to $0.10 for the fiscal Q4 quarter of 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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