Info
Info
News Article

Lumentum Announces Q4 And Full Year Results

News

2017 shows record revenues over $1 billion, up 11 percent from fiscal year 2016

Lumentum, a maker of photonic components, modules, and systems, has reported results for Q4 and full year ended July 1, 2017 with net revenue for Q4 2017 of $222.7 million, with GAAP net loss of $(54.9) million, or $(0.90) per diluted share.

Net revenue for Q3 2017 was $255.8 million, with GAAP net loss of $(56.0) million, or $(0.92) per diluted share. Net revenue for Q4 2016 was $241.7 million, with GAAP net income of $14.3 million, or $0.23 per diluted share.

"In our second fiscal year as a stand-alone public company, we exceeded the $1 billion revenue mark and increased non-GAAP net income by more than 50 percent year-over-year." said Alan Lowe, president and CEO.

"We continue to make excellent progress on our strategic initiatives. Revenue from our 100G QSFP28 transceivers nearly doubled sequentially in the fourth quarter. We began ramping our 3D sensing products to meet our strong customer demand and expect volumes to increase monthly through the end of the calendar year."

Non-GAAP net income for Q4 2017 was $25.0 million or $0.39 per diluted share. Non-GAAP net income for fiscal third quarter 2017 was $30.8 million, or $0.49 per diluted share. Non-GAAP net income for Q4 2016 was $25.4 million, or $0.41 per diluted share. The Company held $555.3 million in total cash and short-term investments at the end of Q4 2017.

Net revenue for fiscal year 2017 was around $1 billion, with GAAP net loss of $(102.5) million, or $(1.69) per diluted share. Net revenue for fiscal year 2016 was $903.0 million, with GAAP net income of $9.3 million, or $0.15 per diluted share.

Non-GAAP net income for fiscal year 2017 was $122.4 million or $1.94 per diluted share. Non-GAAP net income for fiscal year 2016 was $78.9 million, or $1.29 per diluted share.

Business Outlook

For the fiscal first quarter 2018, the company expects net revenue to be in the range of $245 million to $265 million, non-GAAP operating margin to be 13.0 percent to 15.0 percent, and non-GAAP diluted earnings per share to be $0.50 to $0.60 per share, based on approximately 64.2 million shares outstanding on a fully diluted basis.



AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

REGISTER FOR FREE

VIEW SESSIONS

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}
Live Event