Lumentum Holdings Inc. reported net revenue of $402.2 million for the fiscal second quarter of 2025, surpassing the high end of its guidance. This represents a 19.4% increase quarter-over-quarter and a 9.7% increase year-over-year.
The company's non-GAAP net income reached $30.0 million, or $0.42 per diluted share, exceeding the high end of its guidance range. The Cloud & Networking segment was a key driver, with revenue growing 20.2% sequentially to $339.2 million and 18.3% year-over-year.
Lumentum reiterated its confidence in achieving a $500 million quarterly revenue run rate by the end of calendar year 2025, driven by expanding cloud opportunities and a recovering broader networking market. For the fiscal third quarter of 2025, the company provided non-GAAP guidance for net revenue between $410 million and $425 million, and diluted earnings per share between $0.50 and $0.60.
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