While not as large as many Big Tech earnings as of late, Tuesday&#x27;s slate of after-hour reports offer more color to the tech picture. Marley Kayden, Sam Vadas, and Alex Coffey discuss the earnings beats in CoreWeave (CRWV), Super Micro (SMCI), and Lumentum (LITE) along with the varying investor reaction to all three reports. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

EARNINGS PANEL: CRWV, SMCI, LITE

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All right, we've got earnings here from Lumentum just coming across the wire right now. So let's get to these. We'll start with the revenue numbers. It's their fiscal fourth quarter revenue coming in at $1.01 billion. The estimate is looking for $990, so better than expected. They're also up more than double from the $480.7 million in the year-ago quarter. Components and parts revenue coming in at $649.4 million. Better than the year-ago quarter, also better than the expectation, looking for $636.9.

Systems revenue coming in at $356.9 million. That's also better than the expectation, looking for about $350. Gross margins coming in about 47.4%. Street was looking for 44.3%, also a significant improvement over the 33% from the year-ago period here. Now, as we look ahead to some of their projections here, they are projecting for their first quarter

revenue of $1.225 to $1.275 billion. That's well above the consensus, looking for $1.15. And it shows continued growth from this quarter they just reported. Their operating margins are guided to be between $39.5 and $40.5 here. Non-GAAP diluted EPS expected to come in at $4.05 between $4.35. Prior consensus was about $3.58 here as we look across these numbers.

So they've more than doubled their revenue year over year. They've come in well above the expectations in terms of their guidance here. Their EPS coming in at $3.23. Better than the $2.97 to $2.99 that the street was looking for here. And yet, we are seeing about a percent and a half move to the downside. So, Alex, what are you seeing here in Lumentum that the street is digesting right now and leading us to move negative? Yeah, well, let's start with what we know in the numbers.

EARNINGS PANEL: CRWV, SMCI, LITE

Read the full transcript

The candid version is on a podcast,
not the earnings call.

EARNINGS PANEL: CRWV, SMCI, LITE

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.