Lumentum Holdings (LITE) Revenue — Quarter Ended Dec 30, 2023
Revenue increased sequentially but decreased year over year. The company reported a net loss for the quarter.
Key takeaway
Quarter ended Dec 30, 2023 · FY2024 Q2
Revenue increased sequentially but decreased year over year. The company reported a net loss for the quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$366.8M
Revenue reported for this quarter.
Quarter-over-quarter
+15.5%
Change from the immediately preceding quarter.
Year-over-year
-27.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.4B
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 |
|---|---|---|
| Apr 1, 2023 | $383.4M | -3.0% |
| Jul 1, 2023 | $370.8M | -12.2% |
| Sep 30, 2023 | $317.6M | -37.3% |
| Dec 30, 2023 | $366.8M | -27.5% |
Revenue performance
Revenue improved from the prior quarter, but remained below the level achieved in the same period last year.
Quarterly comparison
Compared with the immediate prior quarter, revenue rose. Compared with the same quarter one year earlier, revenue declined.
What to watch
The decrease in cash and cash equivalents from the start of the period is a point to monitor.