Lumentum Hldgs Inc Financials
This page shows Lumentum Hldgs Inc (LITE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lumentum Hldgs Inc has an operating margin of -10.9%, meaning the company retains $-11 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -6.6% the prior year.
Lumentum Hldgs Inc's revenue declined 6.9% year-over-year, from $1.8B to $1.6B. This contraction results in a growth score of 9/100.
Lumentum Hldgs Inc has elevated debt relative to equity (D/E of 2.26), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.
With a current ratio of 4.37, Lumentum Hldgs Inc holds $4.37 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Lumentum Hldgs Inc generated $126.3M in operating cash flow, capex of $231.0M consumed most of it, leaving -$104.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Lumentum Hldgs Inc generates a 2.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100.
Lumentum Hldgs Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Lumentum Hldgs Inc generates $4.88 in operating cash flow ($126.3M OCF vs $25.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Lumentum Hldgs Inc earns $-8.1 in operating income for every $1 of interest expense (-$180.1M vs $22.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Lumentum Hldgs Inc generated $1.6B in revenue in fiscal year 2025. This represents a decrease of 6.9% from the prior year.
Lumentum Hldgs Inc's EBITDA was $73.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.7% from the prior year.
Lumentum Hldgs Inc generated -$104.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 304.1% from the prior year.
Lumentum Hldgs Inc reported $25.9M in net income in fiscal year 2025. This represents an increase of 119.7% from the prior year.
Lumentum Hldgs Inc earned $0.37 per diluted share (EPS) in fiscal year 2025. This represents an increase of 119.2% from the prior year.
Lumentum Hldgs Inc held $520.7M in cash against $2.6B in long-term debt as of fiscal year 2025.
Lumentum Hldgs Inc had 70M shares outstanding in fiscal year 2025. This represents an increase of 4.3% from the prior year.
Lumentum Hldgs Inc's gross margin was 28.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.2 percentage points from the prior year.
Lumentum Hldgs Inc's operating margin was -10.9% in fiscal year 2025, reflecting core business profitability. This is down 4.4 percentage points from the prior year.
Lumentum Hldgs Inc's net profit margin was 1.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.0 percentage points from the prior year.
Lumentum Hldgs Inc's ROE was 2.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Lumentum Hldgs Inc invested $303.9M in research and development in fiscal year 2025. This represents a decrease of 1.3% from the prior year.
Lumentum Hldgs Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Lumentum Hldgs Inc invested $231.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 79.8% from the prior year.
LITE Income Statement
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $665.5M+24.7% | $533.8M+25.5% | $425.2M+5.7% | $402.2M+19.4% | $336.9M-33.4% | $506.0M+13.3% | $446.7M+16.5% | $383.4M |
| Cost of Revenue | $405.8M+21.9% | $332.8M+17.3% | $283.7M+0.9% | $281.2M+18.9% | $236.5M-24.9% | $315.1M+41.1% | $223.3M-11.6% | $252.7M |
| Gross Profit | $240.1M+32.3% | $181.5M+48.2% | $122.5M+23.0% | $99.6M+27.9% | $77.9M-53.1% | $166.2M-19.9% | $207.5M+85.3% | $112.0M |
| R&D Expenses | $80.1M-1.6% | $81.4M+7.2% | $75.9M+2.3% | $74.2M-0.1% | $74.3M-2.0% | $75.8M+42.5% | $53.2M-37.7% | $85.4M |
| SG&A Expenses | $96.1M+12.9% | $85.1M-24.0% | $112.0M+46.8% | $76.3M0.0% | $76.3M-22.5% | $98.4M+42.6% | $69.0M-9.7% | $76.4M |
| Operating Income | $64.3M+859.7% | $6.7M+117.8% | -$37.7M+26.9% | -$51.6M+37.4% | -$82.4M-276.3% | -$21.9M-125.7% | $85.2M+265.8% | -$51.4M |
| Interest Expense | $6.3M+10.5% | $5.7M0.0% | $5.7M+1.8% | $5.6M+1.8% | $5.5M-38.2% | $8.9M-48.0% | $17.1M+96.6% | $8.7M |
| Income Tax | $18.3M+1730.0% | $1.0M-79.6% | $4.9M-73.7% | $18.6M+481.3% | $3.2M-30.4% | $4.6M-62.9% | $12.4M+231.9% | -$9.4M |
| Net Income | $78.2M+1761.9% | $4.2M+109.5% | -$44.1M+27.6% | -$60.9M+26.1% | -$82.4M-159.9% | -$31.7M-155.9% | $56.7M+244.3% | -$39.3M |
| EPS (Diluted) | $0.89+1680.0% | $0.05+107.8% | $-0.64+27.3% | $-0.88+27.3% | $-1.21-163.0% | $-0.46-161.3% | $0.75+231.6% | $-0.57 |
LITE Balance Sheet
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.8B+4.2% | $4.6B+16.1% | $4.0B+0.2% | $4.0B-0.1% | $4.0B+1.0% | $3.9B-15.1% | $4.6B+6.4% | $4.4B |
| Current Assets | $2.3B+9.5% | $2.1B+25.1% | $1.7B+1.0% | $1.7B+0.9% | $1.6B+2.9% | $1.6B-42.8% | $2.8B+12.8% | $2.5B |
| Cash & Equivalents | $657.7M-14.9% | $772.9M+49.7% | $516.4M+7.7% | $479.7M-1.9% | $489.2M+12.0% | $436.7M-49.2% | $859.0M+56.4% | $549.2M |
| Inventory | $570.4M+7.3% | $531.6M+25.7% | $422.9M+5.1% | $402.3M-0.2% | $403.3M+1.2% | $398.4M-2.5% | $408.6M-0.4% | $410.2M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B+0.5% | $1.1B+51.9% | $695.1M-0.2% | $696.2M |
| Total Liabilities | $4.0B+3.3% | $3.8B+23.8% | $3.1B+0.1% | $3.1B+0.7% | $3.1B+3.3% | $3.0B-9.2% | $3.3B+16.3% | $2.8B |
| Current Liabilities | $3.8B+146.9% | $1.5B+332.4% | $353.0M+1.8% | $346.9M+13.7% | $305.1M+13.3% | $269.3M-57.5% | $633.8M-17.6% | $768.9M |
| Long-Term Debt | $47.1M-97.8% | $2.2B-15.5% | $2.6B0.0% | $2.6B-0.3% | $2.6B+2.6% | $2.5B+63.7% | $1.5B-19.6% | $1.9B |
| Total Equity | $846.6M+8.4% | $780.8M-11.2% | $879.5M+0.8% | $872.3M-2.6% | $895.9M-6.4% | $957.3M-29.4% | $1.4B-11.8% | $1.5B |
| Retained Earnings | -$778.8M+9.1% | -$857.0M+20.2% | -$1.1B-4.3% | -$1.0B-6.3% | -$969.5M-9.3% | -$887.1M-160.5% | -$340.6M-142.2% | -$140.6M |
LITE Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $126.7M+118.8% | $57.9M+3718.8% | -$1.6M-106.6% | $24.3M-38.6% | $39.6M-58.3% | $94.9M+92.9% | $49.2M+230.2% | $14.9M |
| Capital Expenditures | $83.6M+9.7% | $76.2M+21.3% | $62.8M+56.2% | $40.2M-45.7% | $74.1M+85.7% | $39.9M+9.9% | $36.3M+23.5% | $29.4M |
| Free Cash Flow | $43.1M+335.5% | -$18.3M+71.6% | -$64.4M-305.0% | -$15.9M+53.9% | -$34.5M-162.7% | $55.0M+326.4% | $12.9M+189.0% | -$14.5M |
| Investing Cash Flow | -$231.4M-241.3% | -$67.8M-227.7% | $53.1M+273.0% | -$30.7M+34.8% | -$47.1M+54.9% | -$104.5M-47.4% | -$70.9M-36.3% | -$52.0M |
| Financing Cash Flow | -$10.5M-104.0% | $262.1M+1870.9% | -$14.8M-377.4% | -$3.1M-105.2% | $60.0M+1766.7% | -$3.6M-101.1% | $331.5M+5815.5% | -$5.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $139.8M | $0 |
LITE Financial Ratios
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.1%+2.1pp | 34.0%+5.2pp | 28.8%+4.1pp | 24.8%+1.6pp | 23.1%-9.7pp | 32.9%-13.6pp | 46.5%+17.2pp | 29.2% |
| Operating Margin | 9.7%+8.4pp | 1.3%+10.1pp | -8.9%+4.0pp | -12.8%+11.6pp | -24.5%-20.1pp | -4.3%-23.4pp | 19.1%+32.5pp | -13.4% |
| Net Margin | 11.8%+11.0pp | 0.8%+11.2pp | -10.4%+4.8pp | -15.1%+9.3pp | -24.5%-18.2pp | -6.3%-18.9pp | 12.7%+22.9pp | -10.3% |
| Return on Equity | 9.2%+8.7pp | 0.5% | N/A | N/A | N/A | N/A | 2.8% | N/A |
| Return on Assets | 1.6%+1.5pp | 0.1%+1.2pp | -1.1%+0.4pp | -1.5%+0.5pp | -2.1%-1.4pp | -0.7%-2.3pp | 1.6%+2.5pp | -0.9% |
| Current Ratio | 0.61-0.8 | 1.37-3.4 | 4.72-0.0 | 4.76-0.6 | 5.36-0.5 | 5.90+1.5 | 4.38+1.2 | 3.20 |
| Debt-to-Equity | 0.06-2.7 | 2.77-0.1 | 2.91-0.0 | 2.94+0.1 | 2.87+0.3 | 2.61+0.2 | 2.42+1.2 | 1.24 |
| FCF Margin | 6.5%+9.9pp | -3.4%+11.7pp | -15.2%-11.2pp | -4.0%+6.3pp | -10.2%-21.1pp | 10.9%-29.5pp | 40.4%+44.2pp | -3.8% |
Similar Companies
Frequently Asked Questions
What is Lumentum Hldgs Inc's annual revenue?
Lumentum Hldgs Inc (LITE) reported $1.6B in total revenue for fiscal year 2025. This represents a -6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lumentum Hldgs Inc's revenue growing?
Lumentum Hldgs Inc (LITE) revenue declined by 6.9% year-over-year, from $1.8B to $1.6B in fiscal year 2025.
Is Lumentum Hldgs Inc profitable?
Yes, Lumentum Hldgs Inc (LITE) reported a net income of $25.9M in fiscal year 2025, with a net profit margin of 1.6%.
What is Lumentum Hldgs Inc's earnings per share (EPS)?
Lumentum Hldgs Inc (LITE) reported diluted earnings per share of $0.37 for fiscal year 2025. This represents a 119.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Lumentum Hldgs Inc's EBITDA?
Lumentum Hldgs Inc (LITE) had EBITDA of $73.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lumentum Hldgs Inc have?
As of fiscal year 2025, Lumentum Hldgs Inc (LITE) had $520.7M in cash and equivalents against $2.6B in long-term debt.
What is Lumentum Hldgs Inc's gross margin?
Lumentum Hldgs Inc (LITE) had a gross margin of 28.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lumentum Hldgs Inc's operating margin?
Lumentum Hldgs Inc (LITE) had an operating margin of -10.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Lumentum Hldgs Inc's net profit margin?
Lumentum Hldgs Inc (LITE) had a net profit margin of 1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Lumentum Hldgs Inc's return on equity (ROE)?
Lumentum Hldgs Inc (LITE) has a return on equity of 2.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lumentum Hldgs Inc's free cash flow?
Lumentum Hldgs Inc (LITE) generated -$104.7M in free cash flow during fiscal year 2025. This represents a -304.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lumentum Hldgs Inc's operating cash flow?
Lumentum Hldgs Inc (LITE) generated $126.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lumentum Hldgs Inc's total assets?
Lumentum Hldgs Inc (LITE) had $4.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lumentum Hldgs Inc's capital expenditures?
Lumentum Hldgs Inc (LITE) invested $231.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lumentum Hldgs Inc spend on research and development?
Lumentum Hldgs Inc (LITE) invested $303.9M in research and development during fiscal year 2025.
How many shares does Lumentum Hldgs Inc have outstanding?
Lumentum Hldgs Inc (LITE) had 70M shares outstanding as of fiscal year 2025.
What is Lumentum Hldgs Inc's current ratio?
Lumentum Hldgs Inc (LITE) had a current ratio of 4.37 as of fiscal year 2025, which is generally considered healthy.
What is Lumentum Hldgs Inc's debt-to-equity ratio?
Lumentum Hldgs Inc (LITE) had a debt-to-equity ratio of 2.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lumentum Hldgs Inc's return on assets (ROA)?
Lumentum Hldgs Inc (LITE) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lumentum Hldgs Inc's Piotroski F-Score?
Lumentum Hldgs Inc (LITE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lumentum Hldgs Inc's earnings high quality?
Lumentum Hldgs Inc (LITE) has an earnings quality ratio of 4.88x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Lumentum Hldgs Inc cover its interest payments?
Lumentum Hldgs Inc (LITE) has an interest coverage ratio of -8.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Lumentum Hldgs Inc?
Lumentum Hldgs Inc (LITE) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.