Short answer
Lumentum Holdings Inc (LITE) filed its Q1 2018 10-Q quarterly report on May 2, 2018 for the quarter ended Mar 31, 2018.
Lumentum Holdings Inc Q1 2018 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $298.8M, up 16.8% YoY from $255.8M
- Gross margin 32.5% vs 32.1% YoY, operating margin 8.5% vs 5.3%
- Best segment Lasers: revenue $52.5M, up 32.2%; gross margin 48.4% vs 41.3%
- Cash $176.8M, down $96.1M; operating cash flow $209.9M and capital expenditures $72.9M
- Oclaro acquisition approximately $1.8B, expected second-half 2018 close; Telecom and Datacom demand declined $45.0M
Risk Factors
- New acquisition risk: Oclaro merger triggered $80 million termination fee exposure if specified regulatory approvals fail
- Regulatory risk: Oclaro transaction requires antitrust approval in the United States and China
- Operational risk: Thailand manufacturing transition may cause disruption, with $8.3 million quarterly setup-related charges
- Supply-chain risk: Vendor A represented 48% of quarterly net purchases
- Financial risk: $450 million convertible notes mature March 15, 2024
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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