Lumentum Holdings (LITE) Revenue — Quarter Ended Jun 29, 2024
Revenue decreased from both the prior quarter and the same quarter a year earlier, reflecting ongoing challenges.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q4
Revenue decreased from both the prior quarter and the same quarter a year earlier, reflecting ongoing challenges.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$308.3M
Revenue reported for this quarter.
Quarter-over-quarter
-15.9%
Change from the immediately preceding quarter.
Year-over-year
-16.9%
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 |
|---|---|---|
| Sep 30, 2023 | $317.6M | -37.3% |
| Dec 30, 2023 | $366.8M | -27.5% |
| Mar 30, 2024 | $366.5M | -4.4% |
| Jun 29, 2024 | $308.3M | -16.9% |
Revenue performance
The quarter's revenue continued a downward trend, with sequential and year-over-year declines.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, and it also fell short of the figure from one year ago.
What to watch
Monitor whether the company can stabilize revenue after several quarters of declines.