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Stocks · Technology · Communications Equipment, NEC

Lumentum

LITE Clue Score42
United States Fiscal year ends June CIK 0001633978
$1,103.36 +5.22% Close, 9 Oct 2026
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Price $1,103.36 +1,189.87% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue1,001.6Operating income47.6Net income−102.5EPS, diluted−1.71Fiscal year 2018Revenue1,247.7 +24.6%Operating income139.9Net income248.1EPS, diluted3.82Fiscal year 2019Revenue1,565.3 +25.5%Operating income−21.6Net income−36.4 −114.7%EPS, diluted−0.54 −114.1%Fiscal year 2020Revenue1,678.6 +7.2%Operating income204.1Net income135.5EPS, diluted1.75Fiscal year 2021Revenue1,742.8 +3.8%Operating income527.0Net income397.3 +193.2%EPS, diluted5.07 +189.7%Fiscal year 2022Revenue1,712.6 −1.7%Operating income303.3Net income198.9 −49.9%EPS, diluted2.68 −47.1%Fiscal year 2023Revenue1,767.0 +3.2%Operating income−115.7Net income−131.6 −166.2%EPS, diluted−1.93 −172.0%Fiscal year 2024Revenue1,359.2 −23.1%Operating income−434.0Net income−546.5EPS, diluted−8.12Fiscal year 2025Revenue1,645.0 +21.0%Operating income−180.1Net income25.9EPS, diluted0.37Fiscal year 2026Revenue3,014.0 +83.2%Operating income524.8Net income−6,935.1 −26,876.4%EPS, diluted−92.96 −25,224.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 1,001.6 1,247.7 1,565.3 1,678.6 1,742.8 1,712.6 1,767.0 1,359.2 1,645.0 3,014.0
Growth +24.6% +25.5% +7.2% +3.8% −1.7% +3.2% −23.1% +21.0% +83.2%
Operating income 47.6 139.9 −21.6 204.1 527.0 303.3 −115.7 −434.0 −180.1 524.8
Net income −102.5 248.1 −36.4 135.5 397.3 198.9 −131.6 −546.5 25.9 −6,935.1
Growth −114.7% +193.2% −49.9% −166.2% −26,876.4%
EPS, diluted −1.71 3.82 −0.54 1.75 5.07 2.68 −1.93 −8.12 0.37 −92.96
Growth −114.1% +189.7% −47.1% −172.0% −25,224.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin31.8%Operating margin4.8%Net margin−10.2%Free cash flow margin−5.3%Fiscal year 2018Gross margin34.6%Operating margin11.2%Net margin19.9%Free cash flow margin12.4%Fiscal year 2019Gross margin27.2%Operating margin−1.4%Net margin−2.3%Free cash flow margin10.5%Fiscal year 2020Gross margin38.7%Operating margin12.2%Net margin8.1%Free cash flow margin26.1%Fiscal year 2021Gross margin44.9%Operating margin30.2%Net margin22.8%Free cash flow margin37.5%Fiscal year 2022Gross margin46.0%Operating margin17.7%Net margin11.6%Free cash flow margin21.5%Fiscal year 2023Gross margin32.2%Operating margin−6.5%Net margin−7.4%Free cash flow margin2.9%Fiscal year 2024Gross margin18.5%Operating margin−31.9%Net margin−40.2%Free cash flow margin−8.0%Fiscal year 2025Gross margin28.0%Operating margin−10.9%Net margin1.6%Free cash flow margin−6.4%Fiscal year 2026Gross margin41.7%Operating margin17.4%Net margin−230.1%Free cash flow margin10.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
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%
Free cash flow margin −5.3% 12.4% 10.5% 26.1% 37.5% 21.5% 2.9% −8.0% −6.4% 10.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow85.0Capital expenditure−138.1Free cash flow−53.1Fiscal year 2018Operating cash flow247.5Capital expenditure−93.2Free cash flow154.3Buybacks0.0Fiscal year 2019Operating cash flow330.1Capital expenditure−166.0Free cash flow164.1 +6.4%Buybacks0.0Fiscal year 2020Operating cash flow524.3Capital expenditure−86.0Free cash flow438.3 +167.1%Buybacks−200.0Fiscal year 2021Operating cash flow738.7Capital expenditure−84.8Free cash flow653.9 +49.2%Buybacks−236.0Fiscal year 2022Operating cash flow459.3Capital expenditure−91.2Free cash flow368.1 −43.7%Buybacks−543.9Fiscal year 2023Operating cash flow179.8Capital expenditure−128.5Free cash flow51.3 −86.1%Buybacks−175.6Fiscal year 2024Operating cash flow24.7Capital expenditure−133.0Free cash flow−108.3 −311.1%Buybacks0.0Fiscal year 2025Operating cash flow126.3Capital expenditure−231.0Free cash flow−104.7Buybacks0.0Fiscal year 2026Operating cash flow751.4Capital expenditure−451.3Free cash flow300.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 85.0 247.5 330.1 524.3 738.7 459.3 179.8 24.7 126.3 751.4
Capital expenditure −138.1 −93.2 −166.0 −86.0 −84.8 −91.2 −128.5 −133.0 −231.0 −451.3
Free cash flow −53.1 154.3 164.1 438.3 653.9 368.1 51.3 −108.3 −104.7 300.1
Growth +6.4% +167.1% +49.2% −43.7% −86.1% −311.1%
Buybacks n/a 0.0 0.0 −200.0 −236.0 −543.9 −175.6 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash272.9Total debt457.3Net cash (debt)−184.4Shareholders’ equity618.8Debt to equity0.74Fiscal year 2018Cash397.3Total debt456.7Net cash (debt)−59.4Shareholders’ equity926.1Debt to equity0.49Fiscal year 2019Cash432.6Shareholders’ equity1,497.1Fiscal year 2020Cash298.0Total debt1,538.6Net cash (debt)−1,240.6Shareholders’ equity1,749.2Debt to equity0.88Fiscal year 2021Cash774.3Total debt1,532.3Net cash (debt)−758.0Shareholders’ equity1,972.8Debt to equity0.78Fiscal year 2022Cash1,290.2Total debt1,466.1Net cash (debt)−175.9Shareholders’ equity1,875.0Debt to equity0.78Fiscal year 2023Cash859.0Shareholders’ equity1,355.8Fiscal year 2024Cash436.7Total debt2,503.2Net cash (debt)−2,066.5Shareholders’ equity957.3Debt to equity2.61Fiscal year 2025Cash520.7Total debt2,573.2Net cash (debt)−2,052.5Shareholders’ equity1,134.7Debt to equity2.27Fiscal year 2026Cash2,043.5Total debt1,637.4Net cash (debt)406.1Shareholders’ equity4,643.9Debt to equity0.35
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 272.9 397.3 432.6 298.0 774.3 1,290.2 859.0 436.7 520.7 2,043.5
Total debt 457.3 456.7 n/a 1,538.6 1,532.3 1,466.1 n/a 2,503.2 2,573.2 1,637.4
Net cash (debt) −184.4 −59.4 n/a −1,240.6 −758.0 −175.9 n/a −2,066.5 −2,052.5 406.1
Shareholders’ equity 618.8 926.1 1,497.1 1,749.2 1,972.8 1,875.0 1,355.8 957.3 1,134.7 4,643.9
Debt to equity 0.74 0.49 n/a 0.88 0.78 0.78 n/a 2.61 2.27 0.35

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 1 Jul 2017 FY2018 30 Jun 2018 FY2019 29 Jun 2019 FY2020 27 Jun 2020 FY2021 3 Jul 2021 FY2022 2 Jul 2022 FY2023 1 Jul 2023 FY2024 29 Jun 2024 FY2025 28 Jun 2025 FY2026 27 Jun 2026
Revenue and profit
1,001.6 1,247.7 1,565.3 1,678.6 1,742.8 1,712.6 1,767.0 1,359.2 1,645.0 3,014.0
Growth +24.6% +25.5% +7.2% +3.8% −1.7% +3.2% −23.1% +21.0% +83.2%
677.0 812.4 1,092.9 n/a n/a n/a n/a n/a n/a n/a
318.1 432.1 425.9 650.2 783.1 788.6 569.0 251.5 459.9 1,255.9
Growth +35.8% −1.4% +52.7% +20.4% +0.7% −27.8% −55.8% +82.9% +173.1%
148.3 156.8 184.6 198.6 214.5 220.7 307.8 302.2 303.9 356.5
110.2 128.2 200.3 235.2 241.4 265.7 348.8 310.7 348.2 363.2
47.6 139.9 −21.6 204.1 527.0 303.3 −115.7 −434.0 −180.1 524.8
Growth +193.9% −115.4% +158.2% −42.4% −138.1%
−59.8 129.4 −33.3 n/a n/a n/a n/a n/a n/a n/a
42.7 −118.7 3.1 38.8 65.8 36.2 29.2 140.8 −198.0 −237.7
−102.5 248.1 −36.4 135.5 397.3 198.9 −131.6 −546.5 25.9 −6,935.1
Growth −114.7% +193.2% −49.9% −166.2% −26,876.4%
Per share
−1.71 3.88 −0.54 1.79 5.27 2.79 −1.93 −8.12 0.38 −92.96
−1.71 3.82 −0.54 1.75 5.07 2.68 −1.93 −8.12 0.37 −92.96
Growth −114.1% +189.7% −47.1% −172.0% −25,224.3%
60.6 62.3 70.7 75.9 75.4 71.2 68.3 67.3 69.0 74.6
60.6 63.3 70.7 77.6 78.4 74.2 68.3 67.3 69.6 74.6
Growth +4.5% +11.7% +9.8% +1.0% −5.4% −8.0% −1.5% +3.4% +7.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.6% a year over five years.
  • The diluted share count fell 4.8% in five years, so buybacks did some of the work per share.
  • Operating margin is down 12.8 points on five years ago, at 17.4%.
  • A net loss in 5 of 10 years on file.