Lumentum Holdings Inc. (LITE) FY2026 Financial Statements: Revenue $3.01B, Operating income $524.80M
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PeriodFY2026
Published
Lumentum Holdings reported $3.01 billion of net revenue in FY2026, the fiscal year ended June 27, 2026, up 83.2% from a year earlier on demand from AI and cloud data-center customers for its laser chips, laser assemblies and cloud transceivers. Operating income was $524.8 million, up from an operating loss of $180.1 million a year earlier, and operations generated $751.4 million of cash, up 494.9%. Lumentum nonetheless reported a net loss of $6.94 billion, or $92.96 a diluted share, against net income of $25.9 million the year before, because retiring convertible notes by issuing common stock in the fourth quarter produced a non-cash charge of $7.76 billion.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $3,014,000,000 | up 83.2% |
| Operating income | $524,800,000 | swung from -$180.1 million |
| Net income | -$6,935,100,000 | swung from $25.9 million |
| Diluted EPS | -$92.96 | swung from $0.37 |
| Cash from operations | $751,400,000 | up 494.9% |
| Debt extinguishment charge | -$7,756,600,000 |
About this file
| Ticker | LITE |
|---|---|
| CIK | 0001633978 |
| Company | Lumentum Holdings Inc. |
| Business type | industrial |
| Schema template | standard (industrial/technology hardware): revenue, cost of revenue, gross profit, operating expenses, operating income, net income, EPS and share counts; cash, debt, assets and equity; operating cash flow, capital expenditure and free cash flow |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); per-share amounts and share counts in actual dollars and actual shares |
LITE annual income statement, balance sheet and cash flow
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Fiscal year | 2026 | 2025 | 2024 |
| Label | FY2026 | FY2025 | FY2024 |
| Period start | 2025-06-29 | 2024-06-30 | 2023-07-02 |
| Period end | 2026-06-27 | 2025-06-28 | 2024-06-29 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001628280-26-057358 | 0001628280-26-057358 | 0001628280-26-057358 |
| Income statement | |||
| Net revenue | 3,014,000,000 | 1,645,000,000 | 1,359,200,000 |
| Cost of sales | 1,680,500,000 | 1,102,900,000 | 1,023,800,000 |
| Amortization of acquired developed intangibles | 77,600,000 | 82,200,000 | 83,900,000 |
| Gross profit | 1,255,900,000 | 459,900,000 | 251,500,000 |
| Research and development | 356,500,000 | 303,900,000 | 302,200,000 |
| Selling general and administrative | 363,200,000 | 348,200,000 | 310,700,000 |
| Restructuring and related charges | 11,400,000 | 22,800,000 | 72,600,000 |
| Gain on sale of facility | 0 | -34,900,000 | 0 |
| Total operating expenses | 731,100,000 | 640,000,000 | 685,500,000 |
| Operating income | 524,800,000 | -180,100,000 | -434,000,000 |
| Loss on debt extinguishment | -7,756,600,000 | 0 | 0 |
| Escrow settlement | 27,500,000 | 0 | 0 |
| Interest expense | -21,800,000 | -22,200,000 | -33,800,000 |
| Other income net | 53,300,000 | 30,200,000 | 62,100,000 |
| Total other income expense net | -7,697,600,000 | 8,000,000 | 28,300,000 |
| Income before income taxes | -7,172,800,000 | -172,100,000 | -405,700,000 |
| Income tax provision | -237,700,000 | -198,000,000 | 140,800,000 |
| Net income | -6,935,100,000 | 25,900,000 | -546,500,000 |
| Basic EPS | -92.96 | 0.38 | -8.12 |
| Diluted EPS | -92.96 | 0.37 | -8.12 |
| Basic shares | 74,600,000 | 69,000,000 | 67,300,000 |
| Diluted shares | 74,600,000 | 69,600,000 | 67,300,000 |
| Total cost of sales | 1,758,100,000 | 1,185,100,000 | 1,107,700,000 |
| Balance sheet | |||
| Cash and cash equivalents | 2,043,500,000 | 520,700,000 | |
| Short term investments | 694,900,000 | 356,400,000 | |
| Accounts receivable net | 520,300,000 | 250,000,000 | |
| Inventories | 691,600,000 | 470,100,000 | |
| Prepayments and other current assets | 211,600,000 | 120,100,000 | |
| Total current assets | 4,161,900,000 | 1,717,300,000 | |
| Property plant and equipment net | 1,159,100,000 | 726,400,000 | |
| Operating lease right of use assets net | 29,200,000 | 27,900,000 | |
| Goodwill | 1,069,300,000 | 1,060,900,000 | |
| Other intangible assets net | 326,900,000 | 465,100,000 | |
| Deferred tax asset | 530,900,000 | 210,300,000 | |
| Other non current assets | 30,200,000 | 10,800,000 | |
| Total assets | 7,307,500,000 | 4,218,700,000 | |
| Accounts payable | 567,400,000 | 225,200,000 | |
| Accrued payroll and related expenses | 146,300,000 | 57,900,000 | |
| Accrued expenses | 64,900,000 | 34,600,000 | |
| Current portion of long term debt | 1,596,900,000 | 10,600,000 | |
| Operating lease liabilities current | 13,500,000 | 11,400,000 | |
| Other current liabilities | 91,500,000 | 53,100,000 | |
| Total current liabilities | 2,480,500,000 | 392,800,000 | |
| Long term debt | 40,500,000 | 2,562,600,000 | |
| Operating lease liabilities non current | 20,300,000 | 23,600,000 | |
| Deferred tax liability | 7,100,000 | 7,200,000 | |
| Other non current liabilities | 115,200,000 | 97,800,000 | |
| Total liabilities | 2,663,600,000 | 3,084,000,000 | |
| Common stock | 100,000 | 100,000 | |
| Additional paid in capital | 12,430,100,000 | 1,986,800,000 | |
| Accumulated deficit | -7,796,300,000 | -861,200,000 | |
| Accumulated other comprehensive income | 10,000,000 | 9,000,000 | |
| Total stockholders equity | 4,643,900,000 | 1,134,700,000 | |
| Total debt | 1,637,400,000 | 2,573,200,000 | |
| Total cash and short term investments | 2,738,400,000 | 877,100,000 | |
| Common shares outstanding | 88,600,000 | 69,800,000 | |
| Preferred shares outstanding | 2,900,000 | 0 | |
| Cash flow | |||
| Depreciation expense | 128,800,000 | 104,300,000 | 110,600,000 |
| Stock based compensation | 170,200,000 | 177,200,000 | 128,800,000 |
| Amortization and write off of acquired intangible assets | 138,200,000 | 152,400,000 | 179,700,000 |
| Net cash provided by operating activities | 751,400,000 | 126,300,000 | 24,700,000 |
| Capex | -451,300,000 | -231,000,000 | -133,000,000 |
| Acquisition of businesses net of cash acquired | -38,000,000 | 0 | -700,900,000 |
| Net cash used in investing activities | -785,500,000 | -84,100,000 | -114,300,000 |
| Net cash provided by used in financing activities | 1,556,900,000 | 41,800,000 | -332,700,000 |
| Cash and cash equivalents end of period | 2,043,500,000 | 520,700,000 | 436,700,000 |
| Free cash flow | 300,100,000 | -104,700,000 | -108,300,000 |
| Revenue by product type | |||
| Components | 2,005,600,000 | 1,116,300,000 | 822,100,000 |
| Systems | 1,008,400,000 | 528,700,000 | 537,100,000 |
| Revenue by geography | |||
| United states | 627,900,000 | 312,300,000 | 356,100,000 |
| Mexico | 443,700,000 | 148,500,000 | 91,700,000 |
| Other americas | 13,200,000 | 20,100,000 | 3,400,000 |
| Total americas | 1,084,800,000 | 480,900,000 | 451,200,000 |
| Thailand | 626,600,000 | 291,800,000 | 183,800,000 |
| Hong kong | 519,300,000 | 398,600,000 | 261,900,000 |
| China | 284,800,000 | 95,500,000 | 68,200,000 |
| Japan | 104,600,000 | 78,300,000 | 84,600,000 |
| Other asia pacific | 216,900,000 | 136,400,000 | 181,300,000 |
| Total asia pacific | 1,752,200,000 | 1,000,600,000 | 779,800,000 |
| Emea | 177,000,000 | 163,500,000 | 128,200,000 |
LITE quarterly income statement, balance sheet and cash flow
| Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | |
|---|---|---|---|---|---|---|---|---|
| Label | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 |
| Fiscal year | 2025 | 2025 | 2025 | 2025 | 2026 | 2026 | 2026 | 2026 |
| Fiscal quarter | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 |
| Period start | 2024-06-30 | 2024-09-29 | 2024-12-29 | 2025-03-30 | 2025-06-29 | 2025-09-28 | 2025-12-28 | 2026-03-29 |
| Period end | 2024-09-28 | 2024-12-28 | 2025-03-29 | 2025-06-28 | 2025-09-27 | 2025-12-27 | 2026-03-28 | 2026-06-27 |
| Period type | three months | three months | three months | three months | three months | three months | three months | three months |
| Source accession | 0001628280-25-048860 | 0001628280-26-005005 | 0001628280-26-030777 | 0001628280-26-055726 | 0001628280-25-048860 | 0001628280-26-005005 | 0001628280-26-030777 | 0001628280-26-055726 |
| Income statement | ||||||||
| Net revenue | 336,900,000 | 402,200,000 | 425,200,000 | 480,700,000 | 533,800,000 | 665,500,000 | 808,400,000 | 1,006,300,000 |
| Cost of sales | 236,500,000 | 281,200,000 | 283,700,000 | 301,500,000 | 332,800,000 | 405,800,000 | 432,100,000 | 509,800,000 |
| Amortization of acquired developed intangibles | 22,500,000 | 21,400,000 | 19,000,000 | 19,300,000 | 19,500,000 | 19,600,000 | 19,300,000 | 19,200,000 |
| Gross profit | 77,900,000 | 99,600,000 | 122,500,000 | 159,900,000 | 181,500,000 | 240,100,000 | 357,000,000 | 477,300,000 |
| Research and development | 74,300,000 | 74,200,000 | 75,900,000 | 79,500,000 | 81,400,000 | 80,100,000 | 90,600,000 | 104,400,000 |
| Selling general and administrative | 76,300,000 | 76,300,000 | 112,000,000 | 83,600,000 | 85,100,000 | 96,100,000 | 90,800,000 | 91,200,000 |
| Restructuring and related charges | 9,700,000 | 700,000 | 7,200,000 | 5,200,000 | 8,300,000 | -400,000 | 1,100,000 | 2,400,000 |
| Total operating expenses | 160,300,000 | 151,200,000 | 160,200,000 | 168,300,000 | 174,800,000 | 175,800,000 | 182,500,000 | 198,000,000 |
| Operating income | -82,400,000 | -51,600,000 | -37,700,000 | -8,400,000 | 6,700,000 | 64,300,000 | 174,500,000 | 279,300,000 |
| Interest expense | -5,500,000 | -5,600,000 | -5,700,000 | -5,400,000 | -5,700,000 | -6,300,000 | -6,200,000 | -3,600,000 |
| Other income net | 8,700,000 | 14,900,000 | 4,200,000 | 2,400,000 | 4,200,000 | 11,000,000 | 15,500,000 | 22,600,000 |
| Total other income expense net | 3,200,000 | 9,300,000 | -1,500,000 | -3,000,000 | -1,500,000 | 32,200,000 | 9,300,000 | -7,737,600,000 |
| Income before income taxes | -79,200,000 | -42,300,000 | -39,200,000 | -11,400,000 | 5,200,000 | 96,500,000 | 183,800,000 | -7,458,300,000 |
| Income tax provision | 3,200,000 | 18,600,000 | 4,900,000 | -224,700,000 | 1,000,000 | 18,300,000 | 39,600,000 | -296,600,000 |
| Net income | -82,400,000 | -60,900,000 | -44,100,000 | 213,300,000 | 4,200,000 | 78,200,000 | 144,200,000 | -7,161,700,000 |
| Basic EPS | -1.21 | -0.88 | -0.64 | 3.06 | 0.06 | 1.1 | 1.99 | -84.65 |
| Diluted EPS | -1.21 | -0.88 | -0.64 | 2.96 | 0.05 | 0.89 | 1.5 | -84.65 |
| Basic shares | 68,300,000 | 68,900,000 | 69,300,000 | 69,600,000 | 70,300,000 | 71,100,000 | 71,500,000 | 84,600,000 |
| Diluted shares | 68,300,000 | 68,900,000 | 69,300,000 | 72,000,000 | 78,300,000 | 87,800,000 | 96,200,000 | 84,600,000 |
| Total cost of sales | 259,000,000 | 302,600,000 | 302,700,000 | 320,800,000 | 352,300,000 | 425,400,000 | 451,400,000 | 529,000,000 |
| Escrow settlement | 0 | 0 | 0 | 27,500,000 | 0 | 0 | ||
| Gain on sale of facility | -34,900,000 | 0 | 0 | 0 | ||||
| Income allocated to participating securities | 0 | -1,700,000 | ||||||
| Net income available to common shareholders | -44,100,000 | 142,500,000 | ||||||
| Loss on debt extinguishment | 0 | -7,756,600,000 | ||||||
| Revenue by product type | ||||||||
| Components | 231,400,000 | 263,700,000 | 300,800,000 | 320,400,000 | 379,200,000 | 443,700,000 | 533,300,000 | 649,400,000 |
| Systems | 105,500,000 | 138,500,000 | 124,400,000 | 160,300,000 | 154,600,000 | 221,800,000 | 275,100,000 | 356,900,000 |
| Cash flow | ||||||||
| Net cash provided by operating activities | 64,000,000 | 363,000,000 | ||||||
| Capex | -53,900,000 | -166,800,000 | ||||||
| Free cash flow | 10,100,000 | 196,200,000 | ||||||
| Balance sheet | ||||||||
| Cash and cash equivalents | 2,617,800,000 | |||||||
| Short term investments | 554,500,000 | |||||||
| Accounts receivable net | 441,600,000 | |||||||
| Inventories | 632,800,000 | |||||||
| Prepayments and other current assets | 149,000,000 | |||||||
| Total current assets | 4,395,700,000 | |||||||
| Property plant and equipment net | 964,300,000 | |||||||
| Operating lease right of use assets net | 27,000,000 | |||||||
| Goodwill | 1,066,300,000 | |||||||
| Other intangible assets net | 362,900,000 | |||||||
| Deferred tax asset | 197,900,000 | |||||||
| Other non current assets | 13,800,000 | |||||||
| Total assets | 7,027,900,000 | |||||||
| Accounts payable | 392,700,000 | |||||||
| Accrued payroll and related expenses | 109,700,000 | |||||||
| Accrued expenses | 48,900,000 | |||||||
| Current portion of long term debt | 3,238,600,000 | |||||||
| Operating lease liabilities current | 12,500,000 | |||||||
| Other current liabilities | 62,900,000 | |||||||
| Total current liabilities | 3,865,300,000 | |||||||
| Long term debt | 43,200,000 | |||||||
| Operating lease liabilities non current | 19,400,000 | |||||||
| Deferred tax liability | 5,400,000 | |||||||
| Other non current liabilities | 121,200,000 | |||||||
| Total liabilities | 4,054,500,000 | |||||||
| Common stock | 100,000 | |||||||
| Additional paid in capital | 3,600,900,000 | |||||||
| Accumulated deficit | -634,600,000 | |||||||
| Accumulated other comprehensive income | 7,000,000 | |||||||
| Total stockholders equity | 2,973,400,000 | |||||||
| Total debt | 3,281,800,000 | |||||||
| Total cash and short term investments | 3,172,300,000 | |||||||
| Common shares outstanding | 71,700,000 | |||||||
| Preferred shares outstanding | 2,900,000 | |||||||
LITE year-to-date income statement and cash flow
| Nine months ended March 28, 2026 | |
|---|---|
| Label | Nine months ended March 28, 2026 |
| Period start | 2025-06-29 |
| Period end | 2026-03-28 |
| Period type | nine months |
| Source accession | 0001628280-26-030777 |
| Income statement | |
| Net revenue | 2,007,700,000 |
| Cost of sales | 1,170,700,000 |
| Amortization of acquired developed intangibles | 58,400,000 |
| Gross profit | 778,600,000 |
| Research and development | 252,100,000 |
| Selling general and administrative | 272,000,000 |
| Restructuring and related charges | 9,000,000 |
| Gain on sale of facility | 0 |
| Total operating expenses | 533,100,000 |
| Operating income | 245,500,000 |
| Escrow settlement | 27,500,000 |
| Interest expense | -18,200,000 |
| Other income net | 30,700,000 |
| Total other income expense net | 40,000,000 |
| Income before income taxes | 285,500,000 |
| Income tax provision | 58,900,000 |
| Net income | 226,600,000 |
| Income allocated to participating securities | -900,000 |
| Net income available to common shareholders | 225,700,000 |
| Total cost of sales | 1,229,100,000 |
| Basic EPS | 3.18 |
| Diluted EPS | 2.59 |
| Basic shares | 71,000,000 |
| Diluted shares | 87,400,000 |
| Cash flow | |
| Depreciation expense | 91,200,000 |
| Stock based compensation | 129,400,000 |
| Amortization and write off of acquired intangible assets | 102,200,000 |
| Net cash provided by operating activities | 388,400,000 |
| Capex | -284,500,000 |
| Net cash used in investing activities | -481,100,000 |
| Net cash provided by used in financing activities | 2,189,800,000 |
| Cash and cash equivalents end of period | 2,617,800,000 |
| Free cash flow | 103,900,000 |
| Revenue by product type | |
| Components | 1,356,200,000 |
| Systems | 651,500,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | None. Lumentum reports in U.S. dollars, so no currency translation was applied. |
Prior year to date
| Nine months ended March 29, 2025 | |
|---|---|
| Label | Nine months ended March 29, 2025 |
| Period start | 2024-06-30 |
| Period end | 2025-03-29 |
| Period type | nine months |
| Source accession | 0001628280-26-030777 |
| Income statement | |
| Net revenue | 1,164,300,000 |
| Cost of sales | 801,400,000 |
| Amortization of acquired developed intangibles | 62,900,000 |
| Gross profit | 300,000,000 |
| Research and development | 224,400,000 |
| Selling general and administrative | 264,600,000 |
| Restructuring and related charges | 17,600,000 |
| Gain on sale of facility | -34,900,000 |
| Total operating expenses | 471,700,000 |
| Operating income | -171,700,000 |
| Escrow settlement | 0 |
| Interest expense | -16,800,000 |
| Other income net | 27,800,000 |
| Total other income expense net | 11,000,000 |
| Income before income taxes | -160,700,000 |
| Income tax provision | 26,700,000 |
| Net income | -187,400,000 |
| Income allocated to participating securities | 0 |
| Net income available to common shareholders | -187,400,000 |
| Total cost of sales | 864,300,000 |
| Basic EPS | -2.72 |
| Diluted EPS | -2.72 |
| Basic shares | 68,800,000 |
| Diluted shares | 68,800,000 |
| Cash flow | |
| Depreciation expense | 77,900,000 |
| Stock based compensation | 137,200,000 |
| Amortization and write off of acquired intangible assets | 117,700,000 |
| Net cash provided by operating activities | 62,300,000 |
| Capex | -177,100,000 |
| Net cash used in investing activities | -24,700,000 |
| Net cash provided by used in financing activities | 42,100,000 |
| Cash and cash equivalents end of period | 516,400,000 |
| Free cash flow | -114,800,000 |
| Revenue by product type | |
| Components | 795,900,000 |
| Systems | 368,400,000 |
Notes
- Every figure here is taken from the printed statements of five filings: the fiscal 2026 Form 10-K for the year ended June 27, 2026 (accession 0001628280-26-057358), the Form 10-Q for the quarter ended March 28, 2026 (accession 0001628280-26-030777), the fourth-quarter and full-year fiscal 2026 earnings release furnished as Exhibit 99.1 to a Form 8-K on August 11, 2026 (accession 0001628280-26-055726), and the first- and second-quarter fiscal 2026 earnings releases furnished as Exhibit 99.1 to Forms 8-K on November 4, 2025 (accession 0001628280-25-048860) and February 3, 2026 (accession 0001628280-26-005005). The SEC's XBRL company facts agree with the printed statements throughout.
- Lumentum uses a 52/53-week fiscal year ending on the Saturday nearest June 30. Fiscal 2026 ended June 27, 2026, fiscal 2025 ended June 28, 2025 and fiscal 2024 ended June 29, 2024; each was a 52-week year.
- Schema: the standard industrial/technology-hardware template (revenue, cost of revenue, gross profit, operating expenses, operating income, net income, per-share amounts and share counts; cash, debt, assets and equity; operating cash flow, capital expenditure and free cash flow). Lumentum reorganized in the first quarter of fiscal 2026 and is now managed as a single, integrated enterprise reporting one operating segment, having previously reported two (Cloud & Networking and Industrial Tech). Because there is no longer a segment split, revenue is disaggregated the two ways the company itself discloses: by type of product (Components and Systems) and by geography.
- The statements of operations deduct two separate lines above gross profit: 'Cost of sales' and 'Amortization of acquired developed intangibles'. Both are carried here, and 'total_cost_of_sales' is their sum, which is the figure gross profit is struck against. For fiscal 2026 that is $1,680.5 million plus $77.6 million, or $1,758.1 million, against net revenue of $3,014.0 million.
- Annual coverage follows what the 10-K puts on its face: three years of statements of operations and cash flows (fiscal 2026, 2025 and 2024) but balance sheets at only two dates (June 27, 2026 and June 28, 2025). Fiscal 2024 therefore carries an income statement and a cash flow statement and no balance sheet, because that balance sheet is not presented in this filing.
- Quarterly coverage: all four quarters of fiscal 2026 and all four of fiscal 2025 are shown. The third quarters of both years are printed in the 10-Q. The fourth quarters of both years are printed in the August 11, 2026 earnings release; every line of both columns ties exactly to the audited full year in the 10-K less the corresponding nine months in the 10-Q. The first quarters of both years are printed in the November 4, 2025 earnings release and the second quarters of both years in the February 3, 2026 earnings release. For each fiscal year the four quarterly net revenue figures sum exactly to the audited annual figure in the 10-K.
- The 10-Q presents cash flows only for the nine-month periods, never for a single quarter. Fourth-quarter operating cash flow and capital expenditure are therefore derived by subtraction: for fiscal 2026, operating cash flow of $751.4 million for the year less $388.4 million for the nine months gives $363.0 million, and capital expenditure of $451.3 million less $284.5 million gives $166.8 million. The same subtraction gives fiscal 2025's fourth quarter ($64.0 million of operating cash flow and $53.9 million of capital expenditure). No cash flow figures are reported for the first, second or third quarters of either year: the quarterly earnings releases present no cash flow statement, and no six-month cash flow column appears in any of these filings.
- Fiscal 2026's net loss of $6,935.1 million is not an operating result. Income from operations was a positive $524.8 million for the year, and the loss arises from a one-time, non-cash charge of $7,756.6 million on the extinguishment of debt, recognized in the fourth quarter when a portion of the convertible notes was equitized. The fourth quarter alone shows $279.3 million of income from operations against a $7,161.7 million net loss for the same reason. The year also includes a $27.5 million escrow settlement gain, recognized in the first nine months.
- Capital expenditure is carried as the cash flow statements print it, as a negative outflow, and free cash flow is operating cash flow plus that figure. Interest expense and the fiscal 2025 gain on sale of a facility are likewise carried with the sign the statements give them; the gain is presented as a reduction of operating expenses.
- Lumentum issued 2.9 million shares of Series A Convertible Preferred Stock during fiscal 2026 for net proceeds of $1,999.7 million. The 10-Q allocates income to those participating securities before striking basic per-share amounts and assumes their conversion in the diluted share count, so the interim periods carry both net income and net income available to common shareholders. The annual statements present per-share amounts on a common-and-preferred-assuming-conversion basis. Fiscal 2026 diluted per-share loss equals the basic figure because the loss makes potential shares antidilutive.
- Common shares issued and outstanding rose from 69.8 million at June 28, 2025 to 88.6 million at June 27, 2026, chiefly from 10.6 million shares issued in exchange for convertible notes, 6.0 million issued on note conversions and 2.4 million from vesting of restricted and performance stock units, less 0.8 million withheld for taxes. Total debt fell from $2,573.2 million to $1,637.4 million over the year while cash and short-term investments rose from $877.1 million to $2,738.4 million.
- Lumentum paid no dividends in any period presented, so no dividend line is carried.
- 'year_to_date' and 'prior_year_to_date' hold the nine-month periods the 10-Q presents (ended March 28, 2026 and March 29, 2025). They are shown because they are the basis on which the fourth-quarter figures above were confirmed. No separate trailing-twelve-month view is given: the period reported on here is the full fiscal year, so the trailing twelve months is fiscal 2026 itself.
- Every period shown was derived directly from the filings named above.
Uncertainties
- No cash flow statement figures are reported for the third quarter of fiscal 2026 or the third quarter of fiscal 2025. The 10-Q presents operating, investing and financing cash flows only for the nine months then ended, and isolating a single quarter would require a six-month column that is not in these filings.
- The first and second quarters of fiscal 2026 and fiscal 2025 come from the quarterly earnings releases furnished as Exhibit 99.1 to Forms 8-K on November 4, 2025 (accession 0001628280-25-048860) and February 3, 2026 (accession 0001628280-26-005005), not from the 10-K or the 10-Q, and those releases are unaudited. The 10-Q presents no discrete first- or second-quarter column. Neither release presents a cash flow statement, so no cash flow figures are carried for those quarters; each carries the income statement and the product-type revenue split the release prints. The four quarters of each fiscal year sum exactly to that year's audited net revenue in the 10-K ($533.8 million plus $665.5 million plus $808.4 million plus $1,006.3 million is $3,014.0 million for fiscal 2026; $336.9 million plus $402.2 million plus $425.2 million plus $480.7 million is $1,645.0 million for fiscal 2025).
- The fourth-quarter fiscal 2026 and fourth-quarter fiscal 2025 income statements come from the earnings release furnished on August 11, 2026, which is unaudited and preceded the 10-K by six days. Each line was checked against the audited full year less the nine months in the 10-Q and agreed exactly, so no revision between the release and the 10-K is reflected in these figures. The per-share amounts and weighted share counts for those two quarters (basic and diluted) appear only in the release; nothing in the 10-K or the 10-Q restates them.
- Fourth-quarter operating cash flow, capital expenditure and free cash flow for both fiscal 2026 and fiscal 2025 are derived by subtracting the nine-month column from the full year. They are not printed as such in any of these filings.
- No balance sheet is reported for fiscal 2024. This 10-K presents balance sheets only at June 27, 2026 and June 28, 2025.
- Because Lumentum reports a single operating segment from fiscal 2026, no segment profit or segment asset figures are available for any period; the product-type and geographic splits are revenue only.
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | yes | 10-K | 2026 | FY | FY26 | 2026-06-27 | 2026-08-17 | 0001628280-26-057358 | https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/0001628280-26-057358-index.htm | facts |
Company details
| Value | |
|---|---|
| Name | Lumentum Holdings Inc. |
| Ticker | LITE |
| CIK | 0001633978 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 3669 |
| Office | Manufacturing |
| Industry | Communications Equipment, NEC |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | FY |
| Tag | FY26 |
| Period end | 2026-06-27 |
| Form | 10-K |
| Accession | 0001628280-26-057358 |
| Fiscal year end | 0627 |
| Source | facts |
FAQ · Lumentum financial statements
How much revenue did Lumentum report in FY2026?
Lumentum reported $3.01 billion of net revenue in FY2026, the fiscal year ended June 27, 2026. That is up 83.2% from $1.65 billion in the prior fiscal year, growth the company attributes to AI and cloud data-center demand.
Why did Lumentum report a net loss in FY2026?
Lumentum reported a net loss of $6.94 billion in FY2026 even though operating income was $524.8 million. The loss came from a non-cash charge of $7.76 billion recorded when the company retired convertible notes by issuing common stock in the fourth quarter.
Was Lumentum profitable in FY2026?
Lumentum's operating income was $524.8 million in FY2026, up from an operating loss of $180.1 million a year earlier, and operations generated $751.4 million of cash. On a reported basis the company still posted a net loss of $6.94 billion after the non-cash charge on the stock settlement of its convertible notes.
What was Lumentum's earnings per share in FY2026?
Lumentum reported a diluted loss per share of $92.96 for FY2026, against diluted earnings of $0.37 a share in the prior fiscal year. The loss per share reflects the non-cash charge on settling convertible notes in stock rather than operations, which produced operating income of $524.8 million.
Where can I get Lumentum Holdings Inc. (LITE) financial data in machine-readable form?
Ticker Scout publishes Lumentum Holdings Inc.'s financial statements as JSON at https://tickerscout.ai/lite/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/lite/narrative.md and https://tickerscout.ai/lite/events.md. Lumentum Holdings Inc.'s SEC CIK is 0001633978. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Lumentum Holdings Inc. (LITE) next file with the SEC?
Lumentum Holdings Inc. (LITE) is expected to file its next Form 10-Q with the SEC on or around November 4, 2026. That date is a projection rather than a company-announced date: it is derived from Lumentum Holdings Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-K for FY2026, the period ended 2026-06-27, SEC accession 0001628280-26-057358.
How this page was built
This page was built from five of Lumentum Holdings Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Lumentum Holdings Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.