Lumentum Holdings Inc. Files Q2 FY25 10-Q
Ticker: LITE · Form: 10-Q · Filed: Feb 6, 2025 · CIK: 1633978
Sentiment: neutral
Topics: 10-Q, financials, earnings
TL;DR
Lumentum's Q2 FY25 10-Q is in. Check financials.
AI Summary
Lumentum Holdings Inc. filed its 10-Q for the period ending December 28, 2024. The company reported financial results for its second quarter of fiscal year 2025. Key financial data and operational details for the period are included in the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Lumentum Holdings Inc., crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant risks or opportunities.
Key Numbers
- 20241228 — Fiscal Period End Date (Indicates the end of the reporting period for the 10-Q filing.)
- 20250206 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- Lumentum Holdings Inc. (company) — Filer
- 20241228 (date) — Period of Report
- 20250206 (date) — Filed as of Date
- 408-546-5483 (phone_number) — Business Phone
FAQ
What were Lumentum's total revenues for the second quarter of fiscal year 2025?
The filing does not explicitly state the total revenues in the provided header information. A detailed review of the 10-Q document would be required to find this figure.
What is Lumentum's primary industry classification?
Lumentum Holdings Inc. is classified under 'COMMUNICATIONS EQUIPMENT, NEC [3669]'.
In which state was Lumentum Holdings Inc. incorporated?
Lumentum Holdings Inc. was incorporated in Delaware (DE).
What is the business address of Lumentum Holdings Inc.?
The business address is 1001 RIDDER PARK DRIVE, SAN JOSE, CA 95131.
What is the SEC file number for Lumentum Holdings Inc.?
The SEC file number for Lumentum Holdings Inc. is 001-36861.
Filing Stats: 4,645 words · 19 min read · ~15 pages · Grade level 8.4 · Accepted 2025-02-06 17:21:10
Key Financial Figures
- $0.001 — registered Common Stock, par value of $0.001 per share LITE Nasdaq Global Select Mar
Filing Documents
- lite-20241228.htm (10-Q) — 2381KB
- lite-q2fy25xex311.htm (EX-31.1) — 9KB
- lite-q2fy25xex312.htm (EX-31.2) — 10KB
- lite-q2fy25xex321.htm (EX-32.1) — 6KB
- lite-q2fy25xex322.htm (EX-32.2) — 7KB
- 0001628280-25-004288.txt ( ) — 12744KB
- lite-20241228.xsd (EX-101.SCH) — 68KB
- lite-20241228_cal.xml (EX-101.CAL) — 104KB
- lite-20241228_def.xml (EX-101.DEF) — 432KB
- lite-20241228_lab.xml (EX-101.LAB) — 903KB
- lite-20241228_pre.xml (EX-101.PRE) — 700KB
- lite-20241228_htm.xml (XML) — 2322KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed Consolidated Statements of Operations for the Three and Six Months Ended D ec ember 28, 2024 and D ec ember 30, 2023 2 Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended December 28, 2024 and December 30, 2023 3 Condensed Consolidated Balance Sheets as of D ec ember 28, 2024 and June 29, 2024 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 28, 2024 and December 30, 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 28, 2024 and December 30, 2023 7 Notes to Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 42 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 58 Item 4.
Controls and Procedures
Controls and Procedures 59
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 60 Item 1A.
Risk Factors
Risk Factors 61 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 90 Item 5. Other Information 90 Item 6. Exhibits 91
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) LUMENTUM HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) ( Unaudited ) Three Months Ended Six Months Ended December 28, 2024 December 30, 2023 December 28, 2024 December 30, 2023 Net revenue $ 402.2 $ 366.8 $ 739.1 $ 684.4 Cost of sales 281.2 281.3 517.7 504.2 Amortization of acquired developed intangibles 21.4 21.5 43.9 39.5 Gross profit 99.6 64.0 177.5 140.7 Operating expenses: Research and development 74.2 78.3 148.5 151.8 Selling, general and administrative 76.3 85.1 152.6 158.1 Restructuring and related charges 0.7 5.8 10.4 16.8 Total operating expenses 151.2 169.2 311.5 326.7 Loss from operations ( 51.6 ) ( 105.2 ) ( 134.0 ) ( 186.0 ) Interest expense ( 5.6 ) ( 9.7 ) ( 11.1 ) ( 19.4 ) Other income, net 14.9 13.4 23.6 34.6 Loss before income taxes ( 42.3 ) ( 101.5 ) ( 121.5 ) ( 170.8 ) Income tax provision (benefit) 18.6 ( 2.4 ) 21.8 ( 3.8 ) Net loss $ ( 60.9 ) $ ( 99.1 ) $ ( 143.3 ) $ ( 167.0 ) Net loss per share: Basic $ ( 0.88 ) $ ( 1.47 ) $ ( 2.09 ) $ ( 2.49 ) Diluted $ ( 0.88 ) $ ( 1.47 ) $ ( 2.09 ) $ ( 2.49 ) Shares used to compute net loss per share: Basic 68.9 67.2 68.6 67.0 Diluted 68.9 67.2 68.6 67.0 See accompanying Notes to Condensed Consolidated Financial Statements. 2 Table of Contents LUMENTUM HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (in millions) (Unaudited) Three Months Ended Six Months Ended December 28, 2024 December 30, 2023 December 28, 2024 December 30, 2023 Net loss $ ( 60.9 ) $ ( 99.1 ) $ ( 143.3 ) $ ( 167.0 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments ( 0.3 ) 0.2 ( 0.3 ) — Net change in unrealized gain on available-for-sale securities ( 1.1 ) 3.8 1.2 5.1 Other comprehensive income (loss), net of tax ( 1.4 ) 4.0 0.9 5.1 Comprehensive loss, net of tax $ ( 62.3 ) $ ( 95.1 ) $ ( 142.4 ) $ ( 161.9 ) See accompanying Notes to C