Published
{
"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",
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"units": "actual dollars (not millions); per-share amounts and share counts in actual dollars and actual shares",
"units_notes_seen": {
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"FY2026 10-K consolidated statements of cash flows": "(in millions)",
"FY2026 10-K consolidated statements of stockholders' equity": "(in millions)",
"FY2026 10-K net revenue by type of product (Note 18, Revenue Recognition)": "in millions, except percentage data",
"FY2026 10-K net revenue by geographic region (Note 17, Operating Segments and Geographic Information)": "in millions, except percentage data",
"Q3 FY2026 10-Q condensed consolidated statements of operations": "(in millions, except per share data)",
"Q3 FY2026 10-Q condensed consolidated balance sheets": "(in millions, except par value)",
"Q3 FY2026 10-Q condensed consolidated statements of cash flows": "(in millions)",
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"Q4 FY2026 earnings release condensed consolidated statements of operations": "(in millions, except per share data)",
"Q4 FY2026 earnings release net revenue by product type": "($ in millions)",
"Q1 FY2026 earnings release condensed consolidated statements of operations": "(in millions, except per share data)",
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"Q2 FY2026 earnings release condensed consolidated statements of operations": "(in millions, except per share data)",
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"adjustments": {
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},
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"diluted_eps": -84.65,
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"diluted_shares": 84600000,
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},
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},
"revenue_by_product_type": {
"components": 649400000,
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}
}
],
"year_to_date": {
"label": "Nine months ended March 28, 2026",
"period_start": "2025-06-29",
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"research_and_development": 252100000,
"selling_general_and_administrative": 272000000,
"restructuring_and_related_charges": 9000000,
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"total_operating_expenses": 533100000,
"operating_income": 245500000,
"escrow_settlement": 27500000,
"interest_expense": -18200000,
"other_income_net": 30700000,
"total_other_income_expense_net": 40000000,
"income_before_income_taxes": 285500000,
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"net_income": 226600000,
"income_allocated_to_participating_securities": -900000,
"net_income_available_to_common_shareholders": 225700000,
"total_cost_of_sales": 1229100000,
"basic_eps": 3.18,
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},
"cash_flow": {
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"stock_based_compensation": 129400000,
"amortization_and_write_off_of_acquired_intangible_assets": 102200000,
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},
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},
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"net_income": -187400000,
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},
"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."
],
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"filed": "2026-08-17",
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"url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/0001628280-26-057358-index.htm",
"source": "facts"
}
],
"headline": {
"period": "FY2026",
"period_end_words": "June 27, 2026",
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"format": "usd",
"value": 3014000000,
"text": "$3.01 billion",
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{
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{
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"format": "usd",
"value": -6935100000,
"text": "-$6.94 billion",
"exact": "-$6,935,100,000",
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"abs": "$6.94 billion",
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},
{
"label": "Diluted EPS",
"format": "eps",
"value": -92.96,
"text": "-$92.96",
"exact": "-$92.96",
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"abs": "$92.96",
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},
{
"label": "Cash from operations",
"format": "usd",
"value": 751400000,
"text": "$751.4 million",
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"prior_value": 126300000,
"prior": "$126.3 million",
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"yoy": "up 494.9%",
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"index": 0,
"period_label": "FY2026",
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"span_days": 363,
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"gap_days": 364
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},
{
"label": "Debt extinguishment charge",
"format": "usd",
"value": -7756600000,
"text": "-$7.76 billion",
"exact": "-$7,756,600,000",
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"abs": "$7.76 billion",
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],
"summary": "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.",
"qa": [
{
"q": "How much revenue did Lumentum report in FY2026?",
"a": "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."
},
{
"q": "Why did Lumentum report a net loss in FY2026?",
"a": "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."
},
{
"q": "Was Lumentum profitable in FY2026?",
"a": "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."
},
{
"q": "What was Lumentum's earnings per share in FY2026?",
"a": "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."
}
]
},
"company_details": {
"Name": "Lumentum Holdings Inc.",
"Ticker": "LITE",
"CIK": "0001633978",
"Exchange": "Nasdaq",
"State": "California",
"Incorporation": "Delaware",
"SIC": "3669",
"Office": "Manufacturing",
"Industry": "Communications Equipment, NEC"
},
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"predicted_date": "2026-11-04",
"predicted_type": "10-Q"
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"period_end": "2026-06-27",
"form": "10-K",
"accession": "0001628280-26-057358",
"fiscal_year_end": "0627",
"source": "facts"
}
}