Lumentum Holdings Full Year 2024 Earnings: EPS Misses Expectations

Lumentum Holdings (NASDAQ:LITE) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.36b (down 23% from FY 2023).
• Net loss: US$546.5m (loss widened by 315% from FY 2023).
• US$8.12 loss per share (further deteriorated from US$1.93 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lumentum Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%.

The primary driver behind last 12 months revenue was the Cloud & Networking segment contributing a total revenue of US$1.08b (80% of total revenue). Notably, cost of sales worth US$970.3m amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$301.1m (32% of total expenses). Explore how LITE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are up 18% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Lumentum Holdings (1 doesn't sit too well with us!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.