Lumentum Holdings (LITE) Revenue — Quarter Ended Apr 1, 2023
Revenue declined in the quarter, falling from both the prior quarter and the same period last year. The sequential drop was steeper than the year-over-year decline.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q3
Revenue declined in the quarter, falling from both the prior quarter and the same period last year. The sequential drop was steeper than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$383.4M
Revenue reported for this quarter.
Quarter-over-quarter
-24.2%
Change from the immediately preceding quarter.
Year-over-year
-3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $422.1M | n/a |
| Oct 1, 2022 | $506.8M | n/a |
| Dec 31, 2022 | $506M | +13.3% |
| Apr 1, 2023 | $383.4M | -3.0% |
Revenue performance
The company’s revenue decreased sequentially, indicating continued weakness in demand. Compared to the prior year, revenue was also lower, though the reduction was less severe.
Quarterly comparison
Revenue was lower than the immediately preceding quarter, reflecting a notable downturn. On a year-over-year basis, revenue also decreased, albeit at a more moderate pace.
What to watch
The sustainability of revenue levels in the coming quarters warrants monitoring.