Lumentum Holdings (LITE) Revenue — Quarter Ended Sep 30, 2023
Revenue decreased in the current quarter, continuing the downward trend from the preceding quarter. Compared to the same quarter last year, revenue also showed a significant decline.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Revenue decreased in the current quarter, continuing the downward trend from the preceding quarter. Compared to the same quarter last year, revenue also showed a significant decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$317.6M
Revenue reported for this quarter.
Quarter-over-quarter
-14.3%
Change from the immediately preceding quarter.
Year-over-year
-37.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.6B
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 |
|---|---|---|
| Dec 31, 2022 | $506M | +13.3% |
| Apr 1, 2023 | $383.4M | -3.0% |
| Jul 1, 2023 | $370.8M | -12.2% |
| Sep 30, 2023 | $317.6M | -37.3% |
Revenue performance
The company reported lower revenue for the quarter, reflecting weaker performance relative to both recent and year-ago periods.
Quarterly comparison
Revenue was down from the immediately preceding quarter, marking a sequential decline. On a year-over-year basis, the drop was even steeper compared to the same quarter one year earlier.
What to watch
Monitor whether the company can stabilize revenue in the coming quarters after consecutive declines.