LUMENTUM HOLDINGS Reports Fourth Quarter FY2023 Earnings Results on August 17 2023
August 19, 2023
🌥️Earnings Overview
On August 17 2023, LUMENTUM HOLDINGS ($NASDAQ:LITE) reported its earnings results for the fourth quarter of FY2023, which ended on June 30 2023. Revenue for the quarter amounted to USD 370.8 million, a 12.2% drop from the previous year. The company reported a net income of USD -60.2 million, compared to 34.7 million in the same quarter of the previous year.
Stock Price
Shares of the company opened at $48.8 and closed at $46.2, down by 1.3% from their previous closing price of 46.8. This decline came despite the company posting fourth quarter results that beat analysts’ estimates and exceeded their own expectations. Overall, LUMENTUM HOLDINGS reported strong results for the fourth quarter with revenue growth year-over-year and sequentially.
The company also provided guidance that was in line with analysts’ expectations, indicating further potential for growth in the coming quarters. Investors will be closely monitoring the company’s performance in the near future to gauge its progress and potential for further upside. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lumentum Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.77k | -131.6 | -6.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lumentum Holdings. More…
| Operations | Investing | Financing |
| 244.9 | -226.3 | 282.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lumentum Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.63k | 3.28k | 20.42 |
Key Ratios Snapshot
Some of the financial key ratios for Lumentum Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.7% | 94.6% | -3.8% |
| FCF Margin | ROE | ROA |
| 7.0% | -2.9% | -0.9% |
Analysis
At GoodWhale, we recently conducted a comprehensive analysis of LUMENTUM HOLDINGS‘s wellbeing. Our findings indicate that, in terms of financial and business aspects, LUMENTUM HOLDINGS is a high risk investment. We have detected four risk warnings, which can be found in the income statement, balance sheet, cashflow statement, and nonfinancial areas. We recommend that anyone thinking of investing in LUMENTUM HOLDINGS should take the time to thoroughly review our findings. To access our analysis, please register on our website: goodwhale.com. More…
Peers
The company’s products are used in a variety of applications, including fiber-optic telecommunications, data communications, industrial lasers, and medical lasers.
– Advanced Fiber Resources (Zhuhai) Ltd ($SZSE:300620)
Advanced Fiber Resources (Zhuhai) Ltd is a leading manufacturer of advanced fiber-based products and materials. The company has a market cap of 6.59B as of 2022 and a return on equity of 5.23%. Advanced Fiber Resources (Zhuhai) Ltd manufactures a wide range of products, including fiber optic cable, data center equipment, and telecommunications equipment. The company’s products are used in a variety of applications, including data communications, computing, and networking.
– APAC Opto Electronics Inc ($TPEX:4908)
PAC Opto Electronics Inc is a Taiwanese company that manufactures and sells opto-electronic products. The company has a market cap of 2.39B as of 2022 and a Return on Equity of 12.6%. PAC Opto Electronics Inc’s products include semiconductor lasers, light emitting diodes, photo detectors, and optical communication components. The company’s products are used in a variety of applications including telecommunications, data storage, industrial, and medical.
– Cowell e Holdings Inc ($SEHK:01415)
Cowell e Holdings Inc is a holding company that operates through its subsidiaries. The company has a market cap of 10.95B as of 2022 and a ROE of 13.79%. The company’s subsidiaries engage in the business of providing financial services, including banking, lending, and investing. The company’s operations are conducted through its subsidiaries, which include Cowell e Bank, Cowell e Credit Union, and Cowell e Investment Services.
Summary
Lumentum Holdings reported their earnings for the fourth quarter of FY2023 on August 17th, showing a decrease in revenue of 12.2% year-over-year. Net income reported was a loss of USD -60.2 million. This is a significant decrease from the 34.7 million reported last year.
Investors should take caution when considering investing in Lumentum as the company has not been performing well in the past year. Financial metrics should be closely monitored to evaluate future investment strategies and to assess potential risk.
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