Lumentum (LITE)

Nasdaq Information Technology Communications Equipment S&P 500Nasdaq-100

$538.59

+28.89 (+5.67%)

Close of Nov 06, 2026 · end-of-day data

Source: Lumentum's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$1.00B	$1.25B	$1.57B	$1.68B	$1.74B	$1.71B	$1.77B	$1.36B	$1.65B	$3.01B
Cost of revenue	$677.00M	$812.40M	$1.09B	$974.60M	$898.00M	$861.10M	$1.11B	$1.02B	$1.10B	$1.68B
Gross profit	$318.10M	$432.10M	$425.90M	$650.20M	$783.10M	$788.60M	$569.00M	$251.50M	$459.90M	$1.26B
Research & development	$148.30M	$156.80M	$184.60M	$198.60M	$214.50M	$220.70M	$307.80M	$302.20M	$303.90M	$356.50M
Selling, general & admin	$110.20M	$128.20M	$200.30M	$235.20M	$241.40M	$265.70M	$348.80M	$310.70M	$348.20M	$363.20M
Operating income	$47.60M	$139.90M	-$21.60M	$204.10M	$527.00M	$303.30M	-$115.70M	-$434.00M	-$180.10M	$524.80M
Interest expense	$5.50M	$18.20M	$36.30M	$61.20M	$66.70M	$80.20M	$35.50M	$33.80M	$22.20M	$21.80M
Pre-tax income	-$59.80M	$129.40M	-$33.30M	—	—	—	—	—	—	—
Income tax	$42.70M	-$118.70M	$3.10M	$38.80M	$65.80M	$36.20M	$29.20M	$140.80M	-$198.00M	-$237.70M
Net income	-$102.50M	$248.10M	-$36.40M	$135.50M	$397.30M	$198.90M	-$131.60M	-$546.50M	$25.90M	-$6.94B
EBITDA	$101.80M	$213.90M	$81.30M	$317.40M	$618.40M	$384.90M	-$9.10M	-$323.40M	-$75.80M	$653.60M
EPS (basic)	$-1.71	$3.88	$-0.54	$1.79	$5.27	$2.79	$-1.93	$-8.12	$0.38	$-92.96
EPS (diluted)	$-1.71	$3.82	$-0.54	$1.75	$5.07	$2.68	$-1.93	$-8.12	$0.37	$-92.96
Diluted shares	60.60M	63.30M	70.70M	77.60M	78.40M	74.20M	68.30M	67.30M	69.60M	74.60M
Gross margin	31.8%	34.6%	27.2%	38.7%	44.9%	46.0%	32.2%	18.5%	28.0%	41.7%
Operating margin	4.8%	11.2%	-1.4%	12.2%	30.2%	17.7%	-6.5%	-31.9%	-10.9%	17.4%
Net margin	-10.2%	19.9%	-2.3%	8.1%	22.8%	11.6%	-7.4%	-40.2%	1.6%	-230.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$272.90M	$397.30M	$432.60M	$298.00M	$774.30M	$1.29B	$859.00M	$436.70M	$520.70M	$2.04B
Short-term investments	$282.40M	$314.20M	$335.90M	$1.26B	$1.17B	$1.26B	$1.15B	$450.30M	$356.40M	$694.90M
Receivables	$166.30M	$197.10M	—	—	—	—	—	—	—	$0
Inventory	$145.20M	$174.10M	$228.80M	$188.90M	$196.40M	$250.10M	$408.60M	$398.40M	$470.10M	$691.60M
Total current assets	$930.30M	$1.13B	$1.33B	$2.05B	$2.44B	$3.14B	$2.78B	$1.59B	$1.72B	$4.16B
Goodwill	$11.40M	$11.30M	$368.90M	$368.90M	$368.90M	$368.90M	$695.10M	$1.06B	$1.06B	$1.07B
Total assets	$1.23B	$1.58B	$2.72B	$3.29B	$3.55B	$4.16B	$4.63B	$3.93B	$4.22B	$7.31B
Total current liabilities	$184.20M	$214.00M	$294.00M	$283.00M	$664.60M	$716.50M	$633.80M	$269.30M	$392.80M	$2.48B
Short-term debt	—	—	—	—	—	$409.90M	—	$0	$10.60M	$1.60B
Long-term debt	$457.30M	$456.70M	—	$1.54B	$1.53B	$1.47B	—	$2.50B	$2.56B	$40.50M
Total debt	$457.30M	$456.70M	—	$1.54B	$1.53B	$1.88B	—	$2.50B	$2.57B	$1.64B
Total liabilities	$578.30M	$619.60M	$1.22B	$1.54B	$1.58B	$2.29B	$3.28B	$2.97B	$3.08B	$2.66B
Shareholders' equity	$618.80M	$926.10M	$1.50B	$1.75B	$1.97B	$1.88B	$1.36B	$957.30M	$1.13B	$4.64B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$85.00M	$247.50M	$330.10M	$524.30M	$738.70M	$459.30M	$179.80M	$24.70M	$126.30M	$751.40M
Capital expenditures	$138.10M	$93.20M	$166.00M	$86.00M	$84.80M	$91.20M	$128.50M	$133.00M	$231.00M	$451.30M
Free cash flow	-$53.10M	$154.30M	$164.10M	$438.30M	$653.90M	$368.10M	$51.30M	-$108.30M	-$104.70M	$300.10M
Investing cash flow	-$425.70M	-$127.00M	-$779.70M	-$987.70M	$1.00M	-$226.30M	-$874.00M	-$114.30M	-$84.10M	-$785.50M
Financing cash flow	$456.70M	$3.80M	$485.10M	$328.80M	-$263.40M	$282.90M	$263.00M	-$332.70M	$41.80M	$1.56B
Share buybacks	—	$0	$0	$200.00M	$236.00M	$543.90M	$175.60M	$0	$0	—
Stock-based compensation	$32.70M	$46.80M	$60.70M	$73.20M	$92.90M	$103.10M	$148.40M	$128.80M	$177.20M	$170.20M
Depreciation & amortization	$54.20M	$74.00M	$102.90M	$113.30M	$91.40M	$81.60M	$106.60M	$110.60M	$104.30M	$128.80M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$366.80M	$366.50M	$308.30M	$336.90M	$402.20M	$425.20M	$480.70M	$533.80M	$665.50M	$808.40M	$1.01B	$1.26B
Cost of revenue	$281.30M	$284.70M	$234.90M	$236.50M	$281.20M	$283.70M	$301.50M	$332.80M	$405.80M	$432.10M	$509.80M	$599.50M
Gross profit	$64.00M	$59.50M	$51.30M	$77.90M	$99.60M	$122.50M	$159.90M	$181.50M	$240.10M	$357.00M	$477.30M	$644.00M
Research & development	$78.30M	$77.20M	$73.20M	$74.30M	$74.20M	$75.90M	$79.50M	$81.40M	$80.10M	$90.60M	$104.40M	$191.80M
Selling, general & admin	$85.10M	$77.70M	$74.90M	$76.30M	$76.30M	$112.00M	$83.60M	$85.10M	$96.10M	$90.80M	$91.20M	$99.30M
Operating income	-$105.20M	-$114.60M	-$133.40M	-$82.40M	-$51.60M	-$37.70M	-$8.40M	$6.70M	$64.30M	$174.50M	$279.30M	$359.80M
Interest expense	$9.70M	$9.00M	$5.40M	$5.50M	$5.60M	$5.70M	$5.40M	$5.70M	$6.30M	$6.20M	$3.60M	$2.40M
Income tax	-$2.40M	$19.60M	$125.00M	$3.20M	$18.60M	$4.90M	-$224.70M	$1.00M	$18.30M	$39.60M	-$296.60M	$10.00M
Net income	-$99.10M	-$127.00M	-$252.50M	-$82.40M	-$60.90M	-$44.10M	$213.30M	$4.20M	$78.20M	$144.20M	-$7.16B	$360.30M
EBITDA	-$78.00M	-$87.60M	-$105.20M	-$55.40M	-$25.70M	-$12.70M	$18.00M	$34.50M	$94.90M	$207.30M	$316.90M	$403.40M
EPS (basic)	$-1.47	$-1.88	$-3.74	$-1.21	$-0.88	$-0.64	$3.10	$0.06	$1.10	$1.99	$-96.14	$3.90
EPS (diluted)	$-1.47	$-1.88	$-3.74	$-1.21	$-0.88	$-0.64	$3.09	$0.05	$0.89	$1.50	$-95.55	$3.54
Diluted shares	67.20M	67.50M	200.00K	68.30M	68.90M	69.30M	800.00K	78.30M	87.80M	96.20M	-12.80M	101.70M
Gross margin	17.4%	16.2%	16.6%	23.1%	24.8%	28.8%	33.3%	34.0%	36.1%	44.2%	47.4%	51.0%
Operating margin	-28.7%	-31.3%	-43.3%	-24.5%	-12.8%	-8.9%	-1.7%	1.3%	9.7%	21.6%	27.8%	28.5%
Net margin	-27.0%	-34.7%	-81.9%	-24.5%	-15.1%	-10.4%	44.4%	0.8%	11.8%	17.8%	-711.7%	28.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$469.30M	$425.00M	$436.70M	$489.20M	$479.70M	$516.40M	$520.70M	$772.90M	$657.70M	$2.62B	$2.04B	$1.27B
Short-term investments	$754.70M	$445.90M	$450.30M	$426.90M	$417.00M	$350.30M	$356.40M	$348.90M	$497.60M	$554.50M	$694.90M	$707.40M
Receivables	—	—	—	—	—	—	—	—	—	—	$0	$100.00M
Inventory	$471.70M	$420.70M	$398.40M	$403.30M	$402.30M	$422.90M	$470.10M	$531.60M	$570.40M	$632.80M	$691.60M	$807.70M
Total current assets	$2.06B	$1.65B	$1.59B	$1.64B	$1.65B	$1.67B	$1.72B	$2.09B	$2.28B	$4.40B	$4.16B	$3.85B
Goodwill	$1.05B	$1.06B	$1.06B	$1.06B	$1.06B	$1.06B	$1.06B	$1.06B	$1.06B	$1.07B	$1.07B	$1.07B
Total assets	$4.66B	$4.20B	$3.93B	$3.97B	$3.97B	$3.98B	$4.22B	$4.61B	$4.81B	$7.03B	$7.31B	$7.27B
Total current liabilities	$658.40M	$317.60M	$269.30M	$305.10M	$346.90M	$353.00M	$392.80M	$1.53B	$3.77B	$3.87B	$2.48B	$2.39B
Short-term debt	—	—	$0	$10.80M	$9.80M	$10.30M	$10.60M	$1.08B	$3.24B	$3.24B	$1.60B	$1.36B
Long-term debt	—	—	$2.50B	$2.57B	$2.56B	$2.56B	$2.56B	$2.16B	$47.10M	$43.20M	$40.50M	$39.30M
Total debt	—	—	$2.50B	$2.58B	$2.57B	$2.57B	$2.57B	$3.24B	$3.29B	$3.28B	$1.64B	$1.40B
Total liabilities	$3.38B	$3.03B	$2.97B	$3.07B	$3.09B	$3.10B	$3.08B	$3.83B	$3.96B	$4.05B	$2.66B	$2.70B
Shareholders' equity	$1.28B	$1.18B	$957.30M	$895.90M	$872.30M	$879.50M	$1.13B	$780.80M	$846.60M	$2.97B	$4.64B	$4.57B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	-$1.50M	-$7.00M	$35.50M	$39.60M	$24.30M	-$1.60M	$64.00M	$57.90M	$126.70M	$203.80M	$363.00M	$267.70M
Capital expenditures	$31.00M	$19.60M	$24.60M	$74.10M	$40.20M	$62.80M	$53.90M	$76.20M	$83.60M	$124.70M	$166.80M	$229.80M
Free cash flow	-$32.50M	-$26.60M	$10.90M	-$34.50M	-$15.90M	-$64.40M	$10.10M	-$18.30M	$43.10M	$79.10M	$196.20M	$37.90M
Investing cash flow	-$394.90M	$290.30M	-$27.50M	-$47.10M	-$30.70M	$53.10M	-$59.40M	-$67.80M	-$231.40M	-$181.90M	-$304.40M	-$234.60M
Financing cash flow	$4.10M	-$327.60M	$3.70M	$60.00M	-$3.10M	-$14.80M	-$300.00K	$262.10M	-$10.50M	$1.94B	-$632.90M	-$804.40M
Share buybacks	$0	$0	$0	—	—	—	—	—	—	—	—	—
Stock-based compensation	$34.60M	$31.60M	$30.50M	$35.60M	$38.80M	$62.80M	$40.00M	$42.40M	$45.40M	$41.60M	$40.80M	$132.50M
Depreciation & amortization	$27.20M	$27.00M	$28.20M	$27.00M	$25.90M	$25.00M	$26.40M	$27.80M	$30.60M	$32.80M	$37.60M	$43.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.