News: Optoelectronics
20 January 2021
Lumentum’s preliminary quarterly revenue up 4.6% year-on-year
In preliminary results for its fiscal second-quarter 2021 (ended 26 December 2020), Lumentum Holdings Inc of San Jose, CA, USA (which designs and makes photonic products for optical networks and lasers in industrial and consumer markets) is reporting net revenue of about $478.8m, up on $452.4m last quarter and $457.8m a year ago (a 4.6% rise year-on-year).
On a non-GAAP basis, operating income is $163-169.9m (operating margin of 34-35.5% of revenue), up further from the record $152.5m (33.7% margin) last quarter and $132m (28.8% margin) a year ago.
Net income is $149.4-155.7m ($1.91-1.99 per diluted share), likewise up further from the record $139.2m ($1.78 per diluted share) last quarter and $119.4m ($1.53 per diluted share) a year ago.
Lumentum plans to release its full fiscal Q2/2021 results on 2 February.
Separately, Lumentum announced that it had entered into a transaction to acquire Coherent Inc of Santa Clara, CA (which provides lasers and laser-based technology for scientific, commercial and industrial applications).
Lumentum to acquire Coherent for $5.7bn
Lumentum’s quarterly revenue grows 22.9%, yielding record margins and EPS
