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Lumentum’s quarterly revenue falls 16% to $308.3m

What happened

Lumentum reported fiscal 2024 revenue of $1.36B, a 23.1% year-over-year decline, with Q4 revenue falling 16% to $308.3M. The drop is attributed to continued weak demand in telecom and datacom markets, particularly from cloud customers. Bearish: This signals sustained demand weakness for optical components, pressuring pricing and inventory levels across the supply chain.

Impact and signal

Medium impactImpact score: 55/100

Affected components and suppliers

Optical ComponentsLasers

Lumentum Holdings Inc

earnings-missrevenue-declinedemand-weakness

Source and time

Source: Semiconductor Today · 8/26/2024 · View original source

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Lumentum’s quarterly revenue falls 16% to $308.3m

What happened

Impact and signal

Affected components and suppliers

Source and time

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