Overview
Lumentum Holdings Inc.
Latest 10-K: FY2026, filed Aug 17, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $3.01B
- 83.2%YoYup from FY2025
- TotalRevenue
- Gross profit
- $1.26B
- 173.1%YoYup from FY2025
- GrossProfit
- Operating income
- $0.52B
- n/mYoY
- OperatingIncome
- Net income
- -$6.94B
- 26876.4%YoYdown from FY2025
- NetIncome
- Diluted EPS
- -$92.96
- 25224.3%YoYdown from FY2025
- EPSDiluted
- Diluted shares
- 74.6M
- 7.2%YoYup from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- Lumentum Holdings Inc. reported revenue of $3.01B for fiscal 2026, up 83.2% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 1 of the last 4 fiscal years.
Profitability
- Operating margin was 17.4% and net margin was -230.1%.
Per share
- Diluted EPS was -$92.96, down 25224.3% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $3.01B83.2%up | $1.65B21.0%up Benchmark median 6.4% | $1.36B23.1%down Benchmark median 4.5% | $1.77B3.2%up Benchmark median 4.8% | $1.71B1.7%down Benchmark median 10.3% | 15.2% |
| Gross Profit Median of 315 / 498 | $1.26B173.1%up | $0.46B82.9%up Benchmark median 6.8% | $0.25B55.8%down Benchmark median 5.5% | $0.57B27.8%down Benchmark median 5.2% | $0.79B0.7%up Benchmark median 8.3% | 12.3% |
| Operating Income Median of 373 / 498 | $524.80Mn/m | negative: -$180.10Mn/m Benchmark median 7.3% | negative: -$434.00Mn/m Benchmark median 7.4% | negative: -$115.70M138.1%down Benchmark median 4.9% | $303.30M42.4%down Benchmark median 7.5% | 14.7% |
| Net Income | negative: -$6.94B26876.4%down | $0.03Bn/m Benchmark median 4.8% | negative: -$0.55Bn/m Benchmark median 5.7% | negative: -$0.13B166.2%down Benchmark median 1.9% | $0.20B49.9%down Benchmark median 1.3% | n/m |
| EPS (Diluted) | negative: -$92.9625224.3%down | $0.37n/m Benchmark median 6.2% | negative: -$8.12n/m Benchmark median 7.9% | negative: -$1.93172.0%down Benchmark median 1.9% | $2.6847.1%down Benchmark median 1.5% | n/m |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $7.31B73.2%up | $4.22B7.3%up Benchmark median 5.6% | $3.93B15.1%down Benchmark median 3.4% | $4.63B11.3%up Benchmark median 4.1% | $4.16B17.2%up Benchmark median 2.2% | 15.1% |
| Total Liabilities Median of 357 / 498 | $2.66B13.6%down | $3.08B3.7%up Benchmark median 6.4% | $2.97B9.2%down Benchmark median 1.9% | $3.28B43.2%up Benchmark median 2.9% | $2.29B44.9%up Benchmark median 2.0% | 3.9% |
| Stockholders' Equity | $4.64B309.3%up | $1.13B18.5%up Benchmark median 6.8% | $0.96B29.4%down Benchmark median 5.4% | $1.36B27.7%down Benchmark median 7.3% | $1.88B5.0%down Benchmark median 2.5% | 25.4% |
| Cash & Equivalents | $2.04B292.5%up | $0.52B19.2%up Benchmark median 5.2% | $0.44B49.2%down Benchmark median 1.9% | $0.86B33.4%down Benchmark median 6.7% | $1.29B66.6%up Benchmark median -8.6% | 12.2% |
| Total Debt | $1.64B36.4%down | $2.57B2.8%up Benchmark median 2.1% | $2.50B Benchmark median 0.2% | — | $2.41B†57.3%up Benchmark median 0.1% | -9.2% |
† Sum of short-term and long-term debt; the company files no total-debt line.
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $751.40M494.9%up | $126.30M411.3%up Benchmark median 6.3% | $24.70M86.3%down Benchmark median 4.8% | $179.80M60.9%down Benchmark median 9.9% | $459.30M37.8%down Benchmark median -0.7% | 13.1% |
| Capital Expenditures | $451.30M95.4%up | $231.00M73.7%up Benchmark median 5.4% | $133.00M3.5%up Benchmark median 2.8% | $128.50M40.9%up Benchmark median 11.3% | $91.20M7.5%up Benchmark median 14.0% | 49.1% |
| Free Cash Flow Median of 378 / 498 | $300.10Mn/m | negative: -$104.70Mn/m Benchmark median 7.3% | negative: -$108.30M311.1%down Benchmark median 6.1% | $51.30M86.1%down Benchmark median 8.8% | $368.10M43.7%down Benchmark median -11.3% | -5.0% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
n/m
Wall Street
on net earnings
FY2025 0.4%
0.5%
Value investor
on free cash flow
FY2025 negative: −1.6%
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E n/mValue investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
1.1%
Wall Street
on EBITDA
FY2025 — Not reported
0.9%
Value investor
on EBIT
FY2025 — Not reported
Gap −0.2 pts: Value-investor figure 0.2 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 90.6×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
7.6%
Wall Street
on book equity
FY2025 17.2%
5.3%
Value investor
on tangible book
FY2025 n/m
Gap −2.3 pts: Value-investor figure 2.3 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 13.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
negative: −240.0%
Wall Street
ROE: net income ÷ equity
FY2025 2.5%
negative: −11.5%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 4.8%
Gap +228.5 pts: Value-investor figure 228.5 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
21.9%
Wall Street
EBITDA margin
FY2025 negative: −1.8%
10.0%
Value investor
Free-cash-flow margin
FY2025 negative: −6.4%
Gap −11.9 pts: Value-investor figure 11.9 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.68×
Wall Street
Current ratio
FY2025 4.37×
1.40×
Value investor
Quick ratio, inventory excluded
FY2025 3.18×
Gap −0.28×: Value-investor figure 0.28 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.40×
Wall Street
EBITDA ÷ total debt
FY2025 negative: −0.01×
0.18×
Value investor
FCF ÷ total debt
FY2025 negative: −0.04×
Gap −0.22×: Value-investor figure 0.22 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
30.3×
Wall Street
EBITDA ÷ interest
FY2025 negative: −1.4×
24.1×
Value investor
EBIT ÷ interest
FY2025 negative: −8.1×
Gap −6.2×: Value-investor figure 6.2 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on LITE yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on LITE and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/LITE
Valuein. (2026, October 31). Lumentum Holdings Inc. (LITE) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/LITE
@misc{valuein_lite_2026,
author = {{Valuein}},
title = {Lumentum Holdings Inc. (LITE) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/LITE}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Aug 17, 2026 · accession 0001628280-26-057358
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point-in-time · survivorship-free · every number traceable to its SEC filing
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