Benzinga | Feb 2, 2021 07:37AM EST

Lumentum Sees Q3 2021 Revs. $425M-$440M; Sees Non-GAAP EPS $1.31-$1.46

Business Outlook

Lumentum expects the following for the fiscal third quarter 2021:

* Net revenue in the range of $425 million to $440 million

* Non-GAAP operating margin of 27.5% to 29.5%

* Non-GAAP diluted earnings per share of $1.31 to $1.46

We have not provided reconciliations from GAAP to non-GAAP measures for our outlook. A large portion of non-GAAP adjustments, such as restructuring charges, stock-based compensation, non-cash income tax expense and credits, integration related costs, inventory write down due to plans to exit certain product lines 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.