Lumentum sees Q2 EPS 25c-35c, consensus 30c

Sees Q2 revenue $350M-$380M, consensus $313.6M. Sees Q2 operating margin 2%-4%. The company said, “On November 7, 2023, we completed the acquisition of Cloud Light Technology Limited (“Cloud Light”). The forecast above includes projected financial results of Cloud Light after the acquisition date. We have not provided reconciliations from GAAP to non-GAAP measures or the equivalent GAAP measure for non-GAAP measures in our outlook, as they cannot be provided without unreasonable effort. A large portion of non-GAAP adjustments, such as restructuring charges, stock-based compensation, non-GAAP income tax reconciling adjustments, acquisition related costs, and other costs and contingencies unrelated to current and future operations are by their nature highly volatile and we have low visibility as to the range that may be incurred in the future.”