Earnings Call Summary | Lumentum(LITE.US) Q3 2024 Earnings Conference
Earnings Call Summary | Lumentum(LITE.US) Q3 2024 Earnings Conference
The following is a summary of the Lumentum Holdings Inc. (LITE) Q3 2024 Earnings Call Transcript:
以下是Lumentum Holdings Inc.（LITE）2024年第三季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Lumentum has reported a Q3 revenue of $366.5 million and non-GAAP EPS of $0.29, surpassing their guidance midpoints.
Revenue growth of 9% sequentially and 7% year-over-year was achieved driven by robust data center demand and the contribution from the Cloud Light acquisition.
However, the company witnessed a revenue decrease of 34% sequentially and 42% yearly in the Industrial Tech sector due to enhanced competition and inventory consumption.
Non-GAAP gross margin stood at 32.6%, remaining flat sequentially but decreasing year-on-year, largely due to product mix.
Lumentum报告称，第三季度收入为3.665亿美元，非公认会计准则每股收益为0.29美元，超过了预期中点。
在强劲的数据中心需求和收购Cloud Light的贡献的推动下，收入连续增长9％，同比增长7％。
但是，由于竞争加剧和库存消耗，该公司的收入连续下降34％，工业技术领域的收入每年下降42％。
非公认会计准则毛利率为32.6％，环比持平，但同比下降，这主要是由于产品组合。
Business Progress:
业务进展：
Focusing on a three-pronged strategy including product expansion, manufacturing capacity expansion, and partnerships with cloud and AI infrastructure customers to stimulate significant growth in cloud data center revenue.
Manufacturing capacity expansion in play to accommodate continued success in securing new sockets and customers post 2025.
Significant advancements made in manufacturing synergies, inclusive of closure of two factories in China and plans for Japan wafer fab consolidation to unlock significant synergies starting fiscal Q3 2025.
Company's adoption of multiple cloud customers and robust investments in new data center products anticipated to drive substantial revenue growth in the coming year.
Expects to achieve $100 million annualized synergy target from the NeoPhotonics acquisition and implemented several initiatives to capture synergy and efficiency opportunities.
The successful acquisition of Cloud Light has accelerated Lumentum's plans for high-speed transceiver production.
专注于三管齐下的战略，包括产品扩张、制造能力扩张以及与云和人工智能基础设施客户的合作伙伴关系，以刺激云数据中心收入的显著增长。
制造能力扩张正在进行中，以适应2025年后在确保新插座和客户方面持续取得成功。
制造业协同效应取得了重大进展，包括关闭中国两家工厂，以及计划从2025财年第三季度开始整合日本晶圆厂，以释放显著的协同效应。
公司采用多个云客户以及对新数据中心产品的强劲投资预计将推动来年收入的大幅增长。
预计将通过收购NeoPhotonics实现年化1亿美元的协同目标，并实施了多项举措以抓住协同效应和效率机会。
成功收购Cloud Light加速了Lumentum的高速收发器生产计划。
More details: Lumentum IR
更多详情： Lumentum IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。