Lumentum Holdings (LITE) Revenue — Quarter Ended Mar 30, 2024
Revenue for the reported quarter declined compared to the same period last year, while remaining nearly flat with the prior quarter. The company reported a net loss, reflecting ongoing operational headwinds.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q3
Revenue for the reported quarter declined compared to the same period last year, while remaining nearly flat with the prior quarter. The company reported a net loss, reflecting ongoing operational headwinds.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$366.5M
Revenue reported for this quarter.
Quarter-over-quarter
-0.1%
Change from the immediately preceding quarter.
Year-over-year
-4.4%
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 |
|---|---|---|
| Jul 1, 2023 | $370.8M | -12.2% |
| Sep 30, 2023 | $317.6M | -37.3% |
| Dec 30, 2023 | $366.8M | -27.5% |
| Mar 30, 2024 | $366.5M | -4.4% |
Revenue performance
Revenue in the reported quarter decreased year-over-year but was essentially unchanged from the immediately preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was nearly flat. However, compared to the same quarter one year earlier, revenue was lower.
What to watch
The company continues to incur restructuring charges, which may affect future earnings.