How did Lumentum's revenue and expenses trend in Q2 2025 compared to previous quarters?

**Lumentum's revenue and expenses in Q2 2025 showed notable improvements compared to previous quarters**. Here's a detailed analysis: 1. **Revenue Trend**: - In Q2 2025, Lumentum's revenue was $425.2 million. - This is a significant increase from the revenue of $402.2 million in Q1 2025. - Furthermore, the revenue in Q2 2025 exceeded the revenue in Q3 2024, which was $366.5 million. |code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code| |---|---|---|---|---|---|---| |LITE|LITE.O|Lumentum Holdings|2024 Q3|3.665E8||185| |LITE|LITE.O|Lumentum Holdings|2024 Q4|3.083E8||185| |LITE|LITE.O|Lumentum Holdings|2025 Q1|3.369E8||185| |LITE|LITE.O|Lumentum Holdings|2025 Q2|4.022E8||185| 2. **Expense Trend**: - Lumentum's GAAP gross margin improved to 28.8% in Q3 2025, up from 26.7% in Q2 2025. - The Non-GAAP gross margin was even stronger at 35.2% in Q3 2025, compared to 33.1% in Q2 2025. - The GAAP operating loss decreased to $8.9 million in Q3 2025, compared to $60.9 million in Q2 2025. - The Non-GAAP operating margin was 10.8% in Q3 2025, up from 7.2% in Q2 2025. 3. **Profitability**: - Lumentum reported a Non-GAAP diluted EPS of $0.57 in Q3 2025, which beat the consensus estimate of $0.50. - The Non-GAAP diluted EPS in Q2 2025 was $0.42. 4. **Future Outlook**: - Lumentum expects revenue in the fiscal fourth quarter to be in the range of $440 million to $470 million. - This suggests continued growth and confidence in their financial performance. In conclusion, Lumentum's revenue and expenses in Q2 2025 reflect substantial improvements, with revenue exceeding expectations and a significant reduction in expenses, indicating enhanced operational efficiency and profitability.