Lumentum Shines in Q4 FY25: AI Data Center Demand Fuels Strong Results!

Описание: *Lumentum Shines in Q4 FY25: AI Data Center Demand Fuels Strong Results!*

Lumentum (LITE) just announced impressive financial results for its fiscal fourth quarter and full fiscal year ended June 28, 2025. The company saw significant growth, largely driven by the accelerating demand from AI data centers.

*Key Takeaways from Q4 FY25:*

*Revenue Soars:* Lumentum reported *$480.7 million in net revenue**, exceeding its revised guidance. This represents a **13.1% increase quarter-over-quarter* and a massive **55.9% jump year-over-year**.
*Profitability Up:* Non-GAAP gross margin reached *37.8%* and non-GAAP operating margin hit **15.0%**.
*Strong Earnings:* Non-GAAP diluted earnings per share (EPS) was **$0.88**.
*CEO's Insight:* Michael Hurlston, President and CEO, highlighted "exceptionally well" execution in meeting robust demand for cloud products supporting AI data centers.
*Cloud & Networking Leads the Way:* This segment's revenue was **$424.1 million**, growing **16.1% QoQ and 66.5% YoY**. Key drivers included:
*Hyperscale cloud strength* with shipments to all three announced hyperscale customers.
*Doubled EML business* compared to Q4 FY24.
Continued shipments of **ultra-high-power lasers for CPO solutions**.
First revenue from **optical circuit switches**.
Sustained growth in *narrow linewidth lasers for Data Center Interconnect (DCI)* and **pump lasers for sub-sea transmission**.
*Industrial Tech Performance:* This segment generated *$56.6 million* in revenue, showing seasonal patterns in 3D sensing but steady demand for **ultrafast lasers in high-volume solar cell manufacturing**. Lumentum also launched its new PicoBlade Core ultrafast laser for micromachining.

*Full Fiscal Year 2025 Highlights:*

*Total Net Revenue:* Reached *$1.65 billion**, up **21.0%* from FY24.
*Non-GAAP Operating Margin:* Improved significantly to *9.7%* from a loss of 0.6% in FY24.
*Non-GAAP Net Income:* **$146.4 million**, or **$2.06 per diluted share**.

*Looking Ahead: Q1 Fiscal Year 2026 Outlook (Non-GAAP)*

Lumentum projects continued growth, with net revenue expected in the range of *$510 million to $540 million**. They anticipate a non-GAAP operating margin of **16.0% - 17.5%* and diluted earnings per share between **$0.95 and $1.10**. This guidance assumes continued quarter-over-quarter growth in the Cloud & Networking segment.

*Financial Strength:* The company ended Q4 FY25 with **$877.1 million in total cash, cash equivalents, and short-term investments**.

Lumentum uses non-GAAP financial measures to provide clearer insights into its ongoing operations, excluding certain volatile or non-recurring items like stock-based compensation and acquisition-related costs. Investors should refer to the full press release for GAAP reconciliations and detailed risk factors.