Q1 2018

[admin]

They missed, but the saving grace is they're guiding Q2 higher, so shares are actually up pr-market:

Lumentum (NASDAQ:LITE): Q1 EPS of $0.43 misses by $0.10. Revenue of $243.2M (-5.8% Y/Y) misses by $11.91M.

Lumentum misses by $0.10, misses on revenue - Lumentum Holdings Inc. (NASDAQ:LITE) | Seeking Alpha

Lumentum (NASDAQ:LITE) shares are down 1.65% premarket following Q1 results that missed EPS and revenue estimates. Q2 guidance has revenue from $345M to $375M (consensus: $345.94M) with EPS from $1.05 to $1.25 (consensus: $1.00) and non-GAAP operating margin of 21% to 23%.  Segment revenue: Optical Communications, $207.9M (-4.8% Y/Y); Lasers, $35.3M (-11.3%).  Key metrics: Non-GAAP operating margin, 11.8% (-90bps Y/Y); gross margin, 34% (-20bps); total operating expenses, $65.8M; cash and equivalents, $150.8M.

Lumentum reports Q1 misses, upside guidance - Lumentum Holdings Inc. (NASDAQ:LITE) | Seeking Alpha

[admin]

We wrote an article about the quarter:

Surprisingly soft Q1, especially where one would not expect it. That is datacom revenue disappointed. The 3D sensing bonanza was constrained in Q1, but is arriving in full force in Q2 and looks to continue for quite some time. There are also the first promising signs from the Chinese telecom market. So Q2 will be a big improvement over Q1, and the rest of the fiscal year also looks pretty good.

Accumulate Lumentum On Weakness - Lumentum Holdings Inc. (NASDAQ:LITE) | Seeking Alpha