LITE Q1 2024 Earnings — Lumentum Holdings Inc. Revenue & Financial Results | Market Cap Arena

LITELumentum Holdings Inc.

$49B

Q1 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$318M-37.3% YoY

Gross Profit

$77M24.1% margin

Operating Income

-$81M-25.4% margin

Net Income

-$68M-21.4% margin

EPS (Diluted)

$-1.02

QoQ Revenue Growth

-14.3%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$63M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$4.5B

Total Liabilities

$3.2B

Stockholders' Equity

$1.3B

Cash & Equivalents

$862M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$318M	$507M	-37.3%
Gross Profit	$77M	$192M	-60.0%
Operating Income	-$81M	$24M	-433.9%
Net Income	-$68M	-$400,000	-16875.0%