NASDAQ : LITE
Lumentum Holdings Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 919.53 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 83.29B
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Financial statements
Lumentum Holdings Inc. (LITE) reported revenue of 3.01B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.01B | 3.01B | 1.65B | 1.36B | 1.77B | 1.71B |
| Cost of Revenue | 1.68B | 1.68B | 1.10B | 1.02B | 1.10B | 861.10M |
| Gross Profit | 1.33B | 1.33B | 542.10M | 335.40M | 671.20M | 851.50M |
| Selling, General & Admin | 363.20M | 363.20M | 348.20M | 310.70M | 319.00M | 257.30M |
| Research & Development | 356.50M | 356.50M | 303.90M | 302.20M | 307.80M | 220.70M |
| Amortization of Goodwill & Intangibles | 77.60M | 77.60M | 82.20M | 83.90M | 84.40M | 62.90M |
| Operating Expenses | 797.30M | 797.30M | 734.30M | 696.80M | 711.20M | 540.90M |
| Operating Income | 536.20M | 536.20M | -192.20M | -361.40M | -40.00M | 310.60M |
| Interest Expense | -21.80M | -21.80M | -22.20M | -33.80M | -35.50M | -80.20M |
| Interest & Investment Income | 60.20M | 60.20M | 34.40M | 61.30M | 40.80M | 6.10M |
| Currency Exchange Gain (Loss) | -500.00K | -500.00K | -4.20M | 800.00K | 7.00M | 6.10M |
| Other Non Operating Income (Expenses) | -6.40M | -6.40M | 1.00M | -200.00K | ||
| EBT Excluding Unusual Items | 567.70M | 567.70M | -184.20M | -333.10M | -26.70M | 242.40M |
| Merger & Restructuring Charges | -11.40M | -11.40M | -22.80M | -72.60M | -67.90M | -7.30M |
| Gain (Loss) on Sale of Assets | 34.90M | |||||
| Legal Settlements | -7.80M | |||||
| Other Unusual Items | -7.73B | -7.73B | ||||
| Pretax Income | -7.17B | -7.17B | -172.10M | -405.70M | -102.40M | 235.10M |
| Income Tax Expense | -237.70M | -237.70M | -198.00M | 140.80M | 29.20M | 36.20M |
| Net Income | -6.94B | -6.94B | 25.90M | -546.50M | -131.60M | 198.90M |
| Net Income to Common | -6.94B | -6.94B | 25.90M | -546.50M | -131.60M | 198.90M |
| Shares Outstanding (Basic) | 74.60M | 74.60M | 69.00M | 67.30M | 68.30M | 71.20M |
| Shares Outstanding (Diluted) | 74.60M | 74.60M | 69.60M | 67.30M | 68.30M | 74.20M |
| EPS (Basic) | -92.96 | -92.96 | 0.38 | -8.12 | -1.93 | 2.79 |
| EPS (Diluted) | -92.96 | -92.96 | 0.37 | -8.12 | -1.93 | 2.68 |
| Free Cash Flow | 300.10M | 300.10M | -104.70M | -108.30M | 51.30M | 368.10M |
| Free Cash Flow Per Share | 4.02 | 4.02 | -1.50 | -1.61 | 0.75 | 4.96 |
| Gross Margin | 44.24% | 44.24% | 32.95% | 24.68% | 37.98% | 49.72% |
| Operating Margin | 17.79% | 17.79% | -11.68% | -26.59% | -2.26% | 18.14% |
| Profit Margin | -230.10% | -230.10% | 1.57% | -40.21% | -7.45% | 11.61% |
| Free Cash Flow Margin | 9.96% | 9.96% | -6.37% | -7.97% | 2.90% | 21.49% |
| EBITDA | 800.70M | 800.70M | 61.80M | -100.20M | 194.30M | 477.70M |
| EBITDA Margin | 26.57% | 26.57% | 3.76% | -7.37% | 11.00% | 27.89% |
| D&A For EBITDA | 264.50M | 264.50M | 254.00M | 261.20M | 234.30M | 167.10M |
| EBIT | 536.20M | 536.20M | -192.20M | -361.40M | -40.00M | 310.60M |
| EBIT Margin | 17.79% | 17.79% | -11.68% | -26.59% | -2.26% | 18.14% |
| Effective Tax Rate | 15.40% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.04B | 2.04B | 520.70M | 436.70M | 859.00M | 1.29B |
| Short-Term Investments | 694.90M | 694.90M | 356.40M | 450.30M | 1.15B | 1.26B |
| Cash & Short-Term Investments | 2.74B | 2.74B | 877.10M | 887.00M | 2.01B | 2.55B |
| Accounts Receivable | 520.30M | 520.30M | 250.00M | 194.70M | 246.10M | 262.00M |
| Other Receivables | 11.10M | 11.10M | 5.20M | 5.80M | 6.70M | 3.90M |
| Receivables | 531.40M | 531.40M | 255.20M | 200.50M | 252.80M | 265.90M |
| Inventory | 691.60M | 691.60M | 470.10M | 398.40M | 408.60M | 250.10M |
| Prepaid Expenses | 200.50M | 200.50M | 114.90M | 96.70M | 102.90M | 74.20M |
| Other Current Assets | 7.50M | |||||
| Total Current Assets | 4.16B | 4.16B | 1.72B | 1.59B | 2.78B | 3.14B |
| Property, Plant & Equipment | 1.19B | 1.19B | 754.30M | 645.30M | 566.80M | 434.10M |
| Goodwill | 1.07B | 1.07B | 1.06B | 1.06B | 695.10M | 368.90M |
| Other Intangible Assets | 326.90M | 326.90M | 465.10M | 617.50M | 459.20M | 155.70M |
| Long-Term Deferred Tax Assets | 530.90M | 530.90M | 210.30M | 10.70M | 116.30M | 27.00M |
| Long-Term Deferred Charges | 2.20M | 2.20M | ||||
| Other Long-Term Assets | 28.00M | 28.00M | 10.80M | 12.50M | 16.80M | 37.30M |
| Total Assets | 7.31B | 7.31B | 4.22B | 3.93B | 4.63B | 4.16B |
| Accounts Payable | 567.40M | 567.40M | 225.20M | 126.30M | 169.40M | 156.70M |
| Accrued Expenses | 211.20M | 211.20M | 92.50M | 73.20M | 82.80M | 99.30M |
| Current Portion of Long-Term Debt | 1.60B | 1.60B | 10.60M | 311.60M | 409.90M | |
| Current Portion of Leases | 13.50M | 13.50M | 11.40M | 13.40M | 14.40M | 11.20M |
| Current Income Taxes Payable | 38.30M | 38.30M | 29.10M | 13.20M | 28.00M | 26.00M |
| Current Unearned Revenue | 15.40M | 15.40M | 700.00K | 600.00K | 2.10M | |
| Other Current Liabilities | 37.80M | 37.80M | 23.30M | 42.60M | 25.50M | 13.40M |
| Total Current Liabilities | 2.48B | 2.48B | 392.80M | 269.30M | 633.80M | 716.50M |
| Long-Term Debt | 40.50M | 40.50M | 2.56B | 2.50B | 2.50B | 1.47B |
| Long-Term Leases | 20.30M | 20.30M | 23.60M | 43.00M | 47.70M | 48.80M |
| Pension & Post-Retirement Benefits | 7.20M | 7.20M | 9.70M | 7.50M | 9.60M | 7.20M |
| Long-Term Deferred Tax Liabilities | 7.10M | 7.10M | 7.20M | 55.70M | 3.40M | 12.90M |
| Other Long-Term Liabilities | 108.00M | 108.00M | 88.10M | 95.90M | 81.80M | 35.70M |
| Total Liabilities | 2.66B | 2.66B | 3.08B | 2.97B | 3.28B | 2.29B |
| Common Stock | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K |
| Additional Paid-In Capital | 12.43B | 12.43B | 1.99B | 1.83B | 1.69B | 2.00B |
| Retained Earnings | -7.80B | -7.80B | -861.20M | -887.10M | -340.60M | -129.10M |
| Comprehensive Income & Other | 10.00M | 10.00M | 9.00M | 9.30M | 4.10M | 400.00K |
| Total Common Equity | 4.64B | 4.64B | 1.13B | 957.30M | 1.36B | 1.88B |
| Shareholders' Equity | 4.64B | 4.64B | 1.13B | 957.30M | 1.36B | 1.88B |
| Total Liabilities & Equity | 7.31B | 7.31B | 4.22B | 3.93B | 4.63B | 4.16B |
| Total Debt | 1.67B | 1.67B | 2.61B | 2.56B | 2.87B | 1.94B |
| Net Cash (Debt) | 1.07B | 1.07B | -1.73B | -1.67B | -860.10M | 613.00M |
| Net Cash Per Share | 14.31 | 14.31 | -24.87 | -24.85 | -12.59 | 8.26 |
| Filing Date Shares Outstanding | 89.70M | 89.70M | 69.90M | 68.00M | 66.70M | 68.10M |
| Total Common Shares Outstanding | 88.60M | 88.60M | 69.80M | 67.90M | 66.40M | 68.00M |
| Working Capital | 1.68B | 1.68B | 1.32B | 1.32B | 2.14B | 2.42B |
| Book Value Per Share | 52.41 | 52.41 | 16.26 | 14.10 | 20.42 | 27.57 |
| Tangible Book Value | 3.25B | 3.25B | -391.30M | -716.00M | 201.50M | 1.35B |
| Tangible Book Value Per Share | 36.66 | 36.66 | -5.61 | -10.54 | 3.03 | 19.86 |
| Land | 92.10M | 92.10M | 108.60M | 75.20M | 63.50M | 49.70M |
| Buildings | 295.30M | 295.30M | 270.40M | 215.10M | 170.30M | 105.30M |
| Machinery | 1.20B | 1.20B | 902.60M | 831.30M | 709.50M | 589.00M |
| Construction In Progress | 377.40M | 377.40M | 152.30M | 71.10M | 69.20M | 47.00M |
| Leasehold Improvements | 53.10M | 53.10M | 45.90M | 47.50M | 49.60M | 35.70M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -6.94B | -6.94B | 25.90M | -546.50M | -131.60M | 198.90M |
| Depreciation & Amortization | 264.50M | 264.50M | 254.00M | 261.20M | 234.30M | 167.10M |
| Other Amortization | 3.80M | 3.80M | 3.00M | 14.60M | 24.30M | 72.40M |
| Loss (Gain) From Sale of Assets | 21.70M | 21.70M | -29.70M | 2.60M | 8.60M | -3.00M |
| Asset Writedown & Restructuring Costs | 2.50M | 2.50M | 10.50M | 29.10M | 21.30M | |
| Stock-Based Compensation | 170.20M | 170.20M | 177.20M | 128.80M | 148.40M | 103.10M |
| Provision & Write-off of Bad Debts | 100.00K | 100.00K | 3.40M | |||
| Other Operating Activities | 7.52B | 7.52B | -156.60M | 146.20M | 11.10M | 11.40M |
| Change in Accounts Receivable | -270.40M | -270.40M | -58.70M | 72.30M | 83.20M | -49.20M |
| Change in Inventory | -228.40M | -228.40M | -71.30M | 73.80M | -81.50M | -51.80M |
| Change in Accounts Payable | 221.60M | 221.60M | 69.20M | -89.70M | -74.00M | 47.00M |
| Change in Income Taxes | -47.90M | -47.90M | -65.10M | -72.40M | -37.90M | -21.10M |
| Change in Other Net Operating Assets | 33.10M | 33.10M | -35.50M | 4.70M | -26.40M | -15.50M |
| Operating Cash Flow | 751.40M | 751.40M | 126.30M | 24.70M | 179.80M | 459.30M |
| Capital Expenditures | -451.30M | -451.30M | -231.00M | -133.00M | -128.50M | -91.20M |
| Sale of Property, Plant & Equipment | 42.40M | 42.40M | 48.10M | 800.00K | 300.00K | 6.40M |
| Cash Acquisitions | -38.00M | -38.00M | -700.90M | -861.60M | ||
| Sale (Purchase) of Intangibles | -4.00M | |||||
| Investment in Securities | -338.60M | -338.60M | 98.80M | 722.80M | 115.80M | -111.50M |
| Other Investing Activities | -30.00M | |||||
| Investing Cash Flow | -785.50M | -785.50M | -84.10M | -114.30M | -874.00M | -226.30M |
| Long-Term Debt Issued | 1.30B | 1.30B | 76.50M | 599.40M | 854.10M | |
| Long-Term Debt Repaid | -1.38B | -1.38B | -8.10M | -323.10M | -138.70M | -1.80M |
| Net Debt Issued (Repaid) | -74.50M | -74.50M | 68.40M | -323.10M | 460.70M | 852.30M |
| Issuance of Common Stock | 17.10M | 17.10M | 16.10M | 14.40M | 15.10M | 13.50M |
| Repurchase of Common Stock | -281.00M | -281.00M | -41.70M | -24.00M | -212.80M | -582.90M |
| Other Financing Activities | -104.40M | -104.40M | -1.00M | |||
| Financing Cash Flow | 1.56B | 1.56B | 41.80M | -332.70M | 263.00M | 282.90M |
| Net Cash Flow | 1.52B | 1.52B | 84.00M | -422.30M | -431.20M | 515.90M |
| Free Cash Flow | 300.10M | 300.10M | -104.70M | -108.30M | 51.30M | 368.10M |
| Free Cash Flow Margin | 9.96% | 9.96% | -6.37% | -7.97% | 2.90% | 21.49% |
| Free Cash Flow Per Share | 4.02 | 4.02 | -1.50 | -1.61 | 0.75 | 4.96 |
| Levered Free Cash Flow | 224.70M | 224.70M | 47.00M | 29.90M | 69.61M | 329.30M |
| Unlevered Free Cash Flow | 234.53M | 234.53M | 57.88M | 36.42M | 67.50M | 307.02M |
| Cash Interest Paid | 15.70M | 15.70M | 19.10M | 19.70M | 10.80M | 7.50M |
| Cash Income Tax Paid | 46.70M | 46.70M | 20.60M | 61.20M | 67.30M | 57.00M |
| Change in Working Capital | -292.00M | -292.00M | -161.40M | -11.30M | -136.60M | -90.60M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 76.15B | 63.56B | 6.58B | 3.44B | 3.90B | 5.37B |
| Enterprise Value | 75.09B | 63.70B | 8.32B | 5.13B | 4.62B | 4.72B |
| Last Close Price | 840.70 | 816.98 | 94.75 | 50.92 | 56.73 | 77.82 |
| PE Ratio | 253.89 | 27.00 | ||||
| Forward PE | 38.53 | 51.57 | 25.92 | 54.56 | 20.71 | 11.78 |
| PS Ratio | 25.27 | 21.09 | 4.00 | 2.53 | 2.21 | 3.13 |
| PB Ratio | 16.04 | 13.69 | 5.79 | 3.60 | 2.88 | 2.86 |
| P/TBV Ratio | 23.45 | 19.57 | 19.34 | 3.98 | ||
| P/FCF Ratio | 253.76 | 211.80 | 75.97 | 14.59 | ||
| P/OCF Ratio | 101.35 | 84.59 | 52.06 | 139.36 | 21.68 | 11.69 |
| PEG Ratio | 0.33 | 0.37 | 0.38 | 11.00 | 2.70 | 0.79 |
| EV/Sales Ratio | 24.91 | 21.14 | 5.06 | 3.78 | 2.62 | 2.76 |
| EV/EBITDA Ratio | 93.78 | 79.56 | 134.61 | 23.80 | 9.89 | |
| EV/EBIT Ratio | 140.03 | 118.80 | 15.21 | |||
| EV/FCF Ratio | 250.20 | 212.27 | 90.15 | 12.83 | ||
| Debt / Equity Ratio | 0.36 | 0.36 | 2.30 | 2.67 | 2.12 | 1.03 |
| Debt / EBITDA Ratio | 2.05 | 2.05 | 33.52 | 13.76 | 3.95 | |
| Debt / FCF Ratio | 5.57 | 5.57 | 56.02 | 5.26 | ||
| Net Debt / Equity Ratio | -0.23 | -0.23 | 1.53 | 1.75 | 0.63 | -0.33 |
| Net Debt / EBITDA Ratio | -1.33 | -1.33 | 28.01 | -16.69 | 4.43 | -1.28 |
| Net Debt / FCF Ratio | -3.56 | -3.56 | -16.53 | -15.44 | 16.77 | -1.67 |
| Asset Turnover | 0.52 | 0.52 | 0.40 | 0.32 | 0.40 | 0.44 |
| Inventory Turnover | 2.89 | 2.89 | 2.54 | 2.54 | 3.33 | 3.86 |
| Quick Ratio | 1.32 | 1.32 | 2.88 | 4.04 | 3.58 | 3.93 |
| Current Ratio | 1.68 | 1.68 | 4.37 | 5.91 | 4.38 | 4.38 |
| Return on Equity (ROE) | -240.03% | -240.03% | 2.48% | -47.25% | -8.15% | 10.34% |
| Return on Assets (ROA) | 5.82% | 5.82% | -2.95% | -5.27% | -0.57% | 5.03% |
| Return on Invested Capital (ROIC) | 16.03% | 16.65% | -7.00% | -14.92% | -2.30% | 20.78% |
| Return on Capital Employed (ROCE) | 11.10% | 11.10% | -5.00% | -9.90% | -1.00% | 9.00% |
| Earnings Yield | -11.06% | -10.91% | 0.39% | -15.88% | -3.38% | 3.70% |
| FCF Yield | 0.39% | 0.47% | -1.59% | -3.15% | 1.32% | 6.86% |
| Buyback Yield / Dilution | -7.18% | -7.18% | -3.42% | 1.46% | 7.95% | 5.36% |