Lumentum Holdings Inc
For the period ended Dec 30, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 30, 2023 · Filed Feb 8, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 30, 2023
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from
to
Commission File Number 001-36861
Lumentum Holdings Inc.
(Exact name of Registrant as specified in its charter)
| Delaware | 47-3108385 |
|---|---|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification Number) |
1001 Ridder Park Drive, San Jose, California 95131
(Address of principal executive offices including Zip code)
(408)546-5483
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, par value of $0.001 per share | LITE | Nasdaq Global Select Market |
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x Noo
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | x | Accelerated filer | o | Non-accelerated filer | o | Smaller reporting company | ☐ |
|---|---|---|---|---|---|---|---|
| Emerging growth company | ☐ | ||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ Nox
As of February 1, 2024, the Registrant had 67.4 million shares of common stock outstanding.
| TABLE OF CONTENTS | |||
|---|---|---|---|
| Page | |||
| PART I - FINANCIAL INFORMATION | |||
| Item 1. · Financial Statements (Unaudited) | |||
| Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 30, 2023 and December 31, 2022 | 2 | ||
| Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended December 30, 2023 and December 31, 2022 | 3 | ||
| Condensed Consolidated Balance Sheets as of December 30, 2023 and July 1, 2023 | 4 | ||
| Condensed Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended December 30, 2023 and December 31, 2022 | 5 | ||
| Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 30, 2023 and December 31, 2022 | 7 | ||
| Notes to Condensed Consolidated Financial Statements | 9 | ||
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 42 | |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 57 | |
| Item 4. | Controls and Procedures | 59 | |
| PART II - OTHER INFORMATION | |||
| Item 1. | Legal Proceedings | 60 | |
| Item 1A. | Risk Factors | 61 | |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 92 | |
| Item 5. | Other Information | 92 | |
| Item 6. | Exhibits | 93 | |
| SIGNATURES | 94 | ||
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