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Lumentum Q1 2024 Earnings Report

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$85.08 +1.52 (+1.82%)
(As of 12/20/2024 05:31 PM ET)

Lumentum EPS Results

Actual EPS
-$0.10
Consensus EPS
-$0.14
Beat/Miss
Beat by +$0.04
One Year Ago EPS
N/A

Lumentum Revenue Results

Actual Revenue
$317.60 million
Expected Revenue
$313.98 million
Beat/Miss
Beat by +$3.62 million
YoY Revenue Growth
N/A

Lumentum Announcement Details

Quarter
Q1 2024
Time
N/A

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Lumentum Earnings Headlines

Here’s Why Lumentum Holdings (LITE) Rose in Q3
Lumentum: Glowing Path Ahead
AI breakthrough about to upend industry
Everyone is talking about AI right now. The talk has been endless ever since ChatGPT was released to the market in late 2022. You might think it’s way too late to invest in AI. But here’s the thing.
Lumentum Holdings (LITE) Gets a Hold from Morgan Stanley
Lumentum price target raised to $83 from $76 at Morgan Stanley
Lumentum Appoints New Board Member
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About Lumentum

Lumentum (NASDAQ:LITE) manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; vertical-cavity surface-emitting lasers; directly modulated and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers, such as argon-ion and helium-neon lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, solar cell processing, graphics and imaging, remote sensing, and precision machining. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.

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