Lumentum Holdings (LITE) Revenue — Quarter Ended Jul 1, 2023
Revenue declined both sequentially and year-over-year. The company continues to invest in expanding internal manufacturing capacity, particularly in its Thailand facility.
Key takeaway
Quarter ended Jul 1, 2023 · FY2024 Q4
Revenue declined both sequentially and year-over-year. The company continues to invest in expanding internal manufacturing capacity, particularly in its Thailand facility.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$370.8M
Revenue reported for this quarter.
Quarter-over-quarter
-3.3%
Change from the immediately preceding quarter.
Year-over-year
-12.2%
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 |
|---|---|---|
| Oct 1, 2022 | $506.8M | n/a |
| Dec 31, 2022 | $506M | +13.3% |
| Apr 1, 2023 | $383.4M | -3.0% |
| Jul 1, 2023 | $370.8M | -12.2% |
Revenue performance
Reported revenue decreased compared to the prior quarter, reflecting a continued downward trend.
Quarterly comparison
Revenue was lower than both the immediately preceding quarter and the same quarter one year earlier.
What to watch
Monitor the company's capital expenditures related to increasing internal manufacturing capabilities, especially in Thailand.