Lumentum Holdings Inc
LU2.DE
â‚Ŧ281.40 2.22%
Exchange: XETRA | Sector: Industrials | Industry: Electrical Equipment Parts
Q1 2025
Published: Nov 8, 2024

Earnings Highlights

  • Revenue of $336.90M up 6.1% year-over-year
  • EPS of $-1.21 decreased by 18.6% from previous year
  • Gross margin of 23.1%
  • Net income of -82.40M
  • "N/A" - N/A
LU2.DE
Company LU2.DE

Executive Summary

Lumentum reported QQ1 2025 revenue of $336.9 million, up 6.1% year over year and 9.3% quarter over quarter, underscoring modest top-line momentum in a cyclical photonics market. However, the company delivered a negative operating income of $82.4 million and a net loss of $82.4 million, translating to an EPS of -$1.21 for the quarter. Gross margin was 23.1%, relatively stable on a year-over-year basis but insufficient to offset elevated operating expenses, resulting in an EBITDA of -$3.1 million and a negative EBITDAR margin of roughly -0.92%. Operating cash flow was $39.6 million with free cash flow also at $39.6 million, while net debt stood at approximately $2.13 billion against total debt of about $2.62 billion, highlighting a leveraged balance sheet despite a solid liquidity position (cash and short-term investments around $916 million). The cash generation helped fund investing activity and modest financing movements, leaving the balance sheet with substantial leverage but adequate liquidity to navigate near-term cyclicality. Absent a clear near-term margin recovery, the focus for investors remains on efficiency improvements, potential mix shifts toward higher-margin products, and balance sheet deleveraging over time. The absence of management-provided forward guidance in the dataset necessitates a cautious stance, placing emphasis on industry demand cycles, end-market recoveries (telecom/datacom, manufacturing, and remote sensing), and R&D productivity as key levers of medium-term value creation.

Key Performance Indicators

Revenue
Increasing
336.90M
QoQ: 9.28% | YoY: 6.08%
Gross Profit
Increasing
77.90M
23.12% margin
QoQ: 141.93% | YoY: 1.56%
Operating Income
Decreasing
-82.40M
QoQ: 14.43% | YoY: -1.98%
Net Income
Decreasing
-82.40M
QoQ: 67.37% | YoY: -21.35%
EPS
Decreasing
-1.21
QoQ: 67.47% | YoY: -18.63%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 533.80 0.05 +73.1% View
Q3 2025 425.20 -0.64 +16.0% View
Q2 2025 402.20 -0.88 +9.7% View
Q1 2025 336.90 -1.21 +6.1% View
Q4 2024 308.30 -3.72 -16.9% View