Lumentum’s quarterly revenue falls 5.7% year-on-year to $395.4m

What happened

Lumentum reported fiscal Q3 2022 revenue of $395.4 million, a sequential decline of 11.5% and a year-on-year drop of 5.7%. The results indicate weakening demand in its core optical networking and laser markets, which serve datacom and consumer electronics sectors. Bearish: The revenue miss and guidance suggest potential oversupply and price pressure for optical components as end-market demand softens.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 5/11/2022 · View original source