Lumentum Holdings Inc Q3 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : I guess for my first one, I see you decided to exclude the $5.8 million of expense related to buying broker parts in the quarter from your non-GAAP numbers, if I'm reading it correctly, which does suggest that you think it's a bit more temporary and you talked about sort of improving IT supply. So I just wanted to see -- I mean, if I'm interpreting it right, are you thinking it's a bit more of a temporary sort of even for you where you're going -- buying from brokers at higher prices? And what's maybe embedded in your fourth quarter guide relative to broker purchases? Or is that really moderating very quickly. That's why you're treating it as temporary? And then I have a follow-up. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 04, 2022 / 12:30PM, LITE.OQ - Q3 2022 Lumentum Holdings Inc Earnings Call

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : For my follow-up, you guided to a $50 million increase quarter-over-quarter in telecom and datacom revenue. And Alan, you talked about the EML capacity increase. Just wanted to see if you can split that out a bit further of how much of the $50 million increase is coming from datacom. And is this sort of step 1 in terms of EML capacity and use -- maybe we get the full sort of benefit of this in the next quarter. Just wanted to think if this is the new run rate in terms of revenue for EML in 4Q? Or is there another sort of leg up in terms of capacity?