Lumentum Holdings Inc. LITE

Technology SIC 3669 - Communications Equipment, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Other Communications Equipment Manufacturing derived Nasdaq

Lumentum Holdings Inc. ("we," "us," "our", "Lumentum" or the "Company") is a global leader in optical and photonic technologies and an industry-leading provider of optical and photonic products based on revenue and market share. Our products are essential to a range of cloud, artificial intelligence and machine learning ("AI/ML"), telecommunications, consumer, and industrial end-market applications. We operate in one reportable segment as a single, integrated enterprise. See "Note 17. Operating Segments and Geographic Information" to the consolidated financial statements.

We disaggregate revenue by type of product, which are Components and Systems, and by geography. A Components product is defined as one of the individual building blocks that goes into creating a larger solution. It is typically not a complete solution on its own but rather a specialized element that enables system functionality. This includes semiconductor laser chips, laser sub-assemblies, line subsystems and wavelength management systems. These are supplied to customers who then integrate them into their own full system solutions. Components represent foundational parts that support or enable that system's operation and include optical chips and subsystems that are supplied to cloud data center operators, AI/ML infrastructure providers, and network equipment manufacturer customers.

Last close 756.17 2026-10-23
Market cap $67.83B 2026-06-27 share count
52-week range 184.20 - 1,143.00

Valuation FY2026 figures against the last close

P/S22.5x
P/E—
P/FCF226.0x
EV/EBITDA102.1x
Dividend yield—
Diluted EPS-92.96

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Systems
  • Components
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2026 Systems, FY2026: 2B (66.5%) 67% Systems Components, FY2026: 1B (33.5%) 33% Components FY2025 Systems, FY2025: 528.7M (32.1%) 32% Components, FY2025: 1.1B (67.9%) 68% FY2024 Systems, FY2024: 537.1M (39.5%) 40% Components, FY2024: 822.1M (60.5%) 60%
Segment FY2026FY2025FY2024
Systems $2.01B $528.7M $537.1M
Components $1.01B $1.12B $822.1M

As the company reported it, from the “Revenue Recognition - Total Net Revenue Attributable to Reportable Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $3.01B$1.65B$1.36B$1.77B$1.71B$1.74B$1.68B$1.57B$1.25B$1.00B
Cost of revenue ———————$1.09B$812.4M$677.0M
Gross profit $1.26B$459.9M$251.5M$569.0M$788.6M$783.1M$650.2M$425.9M$432.1M$318.1M
R&D $356.5M$303.9M$302.2M$307.8M$220.7M$214.5M$198.6M$184.6M$156.8M$148.3M
SG&A $363.2M$348.2M$310.7M$348.8M$265.7M$241.4M$235.2M$200.3M$128.2M$110.2M
Total operating expenses $731.1M$640.0M$685.5M$684.7M$485.3M$256.1M$446.1M$447.5M$292.2M$270.5M
Operating income $524.8M-$180.1M-$434.0M-$115.7M$303.3M$527.0M$204.1M-$21.6M$139.9M$47.6M
Interest expense $21.8M$22.2M$33.8M$35.5M$80.2M$66.7M$61.2M$36.3M$18.2M$5.5M
Pre-tax income -$6.70B$223.9M-$405.7M-$102.4M$235.1M$463.1M$174.3M-$33.3M$129.4M-$59.8M
Income tax $237.7M$198.0M$140.8M$29.2M$36.2M$65.8M$38.8M$3.1M$118.7M$42.7M
Net income -$6.94B$25.9M-$546.5M-$131.6M$198.9M$397.3M$135.5M-$36.4M$248.1M-$102.5M
EPS, basic -92.960.38-8.12-1.932.795.271.79-0.543.88-1.71
EPS, diluted -92.960.37-8.12-1.932.685.071.75-0.543.82-1.71
Shares, diluted (wtd. avg.) 74.6M69.6M67.3M68.3M74.2M78.4M77.6M70.7M63.3M60.6M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $2.04B$520.7M$436.7M$859.0M$1.29B$774.3M$298.0M$432.6M$397.3M$272.9M
Short-term investments $694.9M$356.4M$450.3M$1.15B$1.26B$1.17B$1.26B$335.9M$314.2M$282.4M
Receivables ————————$197.1M$166.3M
Inventory $691.6M$470.1M$398.4M$408.6M$250.1M$196.4M$188.9M$228.8M$174.1M$145.2M
Total current assets $4.16B$1.72B$1.59B$2.78B$3.14B$2.44B$2.05B$1.33B$1.13B$930.3M
Property, plant and equipment ———————$433.3M$306.9M$273.5M
Goodwill $1.07B$1.06B$1.06B$695.1M$368.9M$368.9M$368.9M$368.9M$11.3M$11.4M
Other intangibles $326.9M$465.1M$617.5M$459.2M$155.7M$241.2M$316.8M$395.4M$7.0M$10.1M
Total assets $7.31B$4.22B$3.93B$4.63B$4.16B$3.55B$3.29B$2.72B$1.58B$1.23B
Accounts payable $567.4M$225.2M$126.3M$169.4M$156.7M$116.9M$150.8M$160.8M$126.5M$114.8M
Short-term debt $1.60B$10.6M$0———————
Total current liabilities $2.48B$392.8M$269.3M$633.8M$716.5M$664.6M$283.0M$294.0M$214.0M$184.2M
Long-term debt $40.5M$2.56B$2.50B—$2.41B$1.53B$1.54B—$456.7M$457.3M
Total liabilities $2.66B$3.08B$2.97B$3.28B$2.29B$1.58B$1.54B$1.22B$619.6M$578.3M
Retained earnings -$7.80B-$861.2M-$887.1M-$340.6M-$129.1M$220.9M$64.6M$129.1M$166.4M-$83.2M
Total equity $4.64B$1.13B$957.3M$1.36B$1.88B$1.97B$1.75B$1.50B$926.1M$618.8M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $751.4M$126.3M$24.7M$179.8M$459.3M$738.7M$524.3M$330.1M$247.5M$85.0M
Depreciation and amortisation $128.8M$104.3M$110.6M$106.6M$81.6M$91.4M$113.3M$102.9M$74.0M$54.2M
Stock-based compensation $170.2M$177.2M$128.8M$148.4M$103.1M$92.9M$73.2M$60.7M$46.8M$32.7M
Capital expenditure $451.3M$231.0M$133.0M$128.5M$91.2M$84.8M$86.0M$166.0M$93.2M$138.1M
Investing cash flow -$785.5M-$84.1M-$114.3M-$874.0M-$226.3M$1.0M-$987.7M-$779.7M-$127.0M-$425.7M
Financing cash flow $1.56B$41.8M-$332.7M$263.0M$282.9M-$263.4M$328.8M$485.1M$3.8M$456.7M
Buybacks —$0$0$175.6M$543.9M$236.0M$200.0M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-057358.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -7.5B -5B -2.5B 0 2.5B 5B Revenue, FY2017: 1B Gross profit, FY2017: 318.1M Net income, FY2017: -102.5M Revenue, FY2018: 1.2B Gross profit, FY2018: 432.1M Net income, FY2018: 248.1M Revenue, FY2019: 1.6B Gross profit, FY2019: 425.9M Net income, FY2019: -36.4M Revenue, FY2020: 1.7B Gross profit, FY2020: 650.2M Net income, FY2020: 135.5M Revenue, FY2021: 1.7B Gross profit, FY2021: 783.1M Net income, FY2021: 397.3M Revenue, FY2022: 1.7B Gross profit, FY2022: 788.6M Net income, FY2022: 198.9M Revenue, FY2023: 1.8B Gross profit, FY2023: 569M Net income, FY2023: -131.6M Revenue, FY2024: 1.4B Gross profit, FY2024: 251.5M Net income, FY2024: -546.5M Revenue, FY2025: 1.6B Gross profit, FY2025: 459.9M Net income, FY2025: 25.9M Revenue, FY2026: 3B Gross profit, FY2026: 1.3B Net income, FY2026: -6.9B FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $1.00B $1.25B $1.57B $1.68B $1.74B $1.71B $1.77B $1.36B $1.65B $3.01B
Gross profit $318.1M $432.1M $425.9M $650.2M $783.1M $788.6M $569.0M $251.5M $459.9M $1.26B
Net income -$102.5M $248.1M -$36.4M $135.5M $397.3M $198.9M -$131.6M -$546.5M $25.9M -$6.94B

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Results announced Item 2.02
  • Unregistered share sale Item 3.02
  • Unregistered share sale Item 3.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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