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Lumentum (LITE) Financials

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$866.71 -12.57 (-1.43%)
As of 08/21/2026 04:00 PM Eastern
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Annual Income Statements for Lumentum

Annual Income Statements for Lumentum

This table shows Lumentum's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.20 -103 242 -38 136 397 199 -132 -547 26 -6,935
Consolidated Net Income / (Loss)		 9.30 -103 248 -36 136 397 199 -132 -547 26 -6,935
Net Income / (Loss) Continuing Operations		 9.30 -103 248 -36 136 397 199 -132 -547 26 -6,935
Total Pre-Tax Income 		9.70 -60 129 -33 174 463 235 -102 -406 -172 -7,173
Total Operating Income		 12 48 140 -22 204 527 303 -116 -434 -180 525
Total Gross Profit		 277 318 432 426 650 783 789 569 252 460 1,256
Total Revenue		 903 1,002 1,248 1,565 1,679 1,743 1,713 1,767 1,359 1,645 3,014
Operating Revenue		 903 1,002 1,248 1,565 1,679 1,743 1,713 1,767 1,359 1,645 3,014
Total Cost of Revenue		 626 684 816 1,139 1,028 960 924 1,198 1,108 1,185 1,758
Operating Cost of Revenue		 626 684 816 1,139 1,028 960 924 1,198 1,108 1,185 1,758
Total Operating Expenses		 266 271 292 448 446 256 485 685 686 640 731
Selling, General & Admin Expense		 117 110 128 200 235 241 266 349 311 348 363
Research & Development Expense		 141 148 157 185 199 215 221 308 302 304 357
Restructuring Charge		 7.40 12 7.20 32 8.00 7.70 -1.10 28 73 23 11
Other Special Charges / (Income)		 - - - - - - - 0.00 0.00 -35 0.00
Total Other Income / (Expense), net		 -1.80 -107 -11 -12 -30 -64 -68 13 28 8.00 -7,698
Interest Expense		 - 5.50 18 36 61 67 80 36 34 22 7,778
Other Income / (Expense), net		 -1.80 -102 7.70 25 31 2.80 12 49 62 30 81
Income Tax Expense		 0.40 43 -119 3.10 39 66 36 29 141 -198 -238
Basic Earnings per Share		 ($0.05) ($1.71) $3.88 ($0.54) $1.79 $5.27 $2.79 ($1.93) ($8.12) $0.38 ($92.96)
Weighted Average Basic Shares Outstanding		 59.10M 60.60M 62.30M 70.70M 75.90M 75.40M 71.20M 68.30M 67.30M 69M 74.60M
Diluted Earnings per Share		 ($0.05) ($1.71) $3.82 ($0.54) $1.75 $5.07 $2.68 ($1.93) ($8.12) $0.37 ($92.96)
Weighted Average Diluted Shares Outstanding		 59.10M 60.60M 63.30M 70.70M 77.60M 78.40M 74.20M 68.30M 67.30M 69.60M 74.60M
Weighted Average Basic & Diluted Shares Outstanding		 64M 60.50M 62.20M 76.90M 75.20M 72.70M 68.10M 66.70M 68M 69.90M 89.70M

Quarterly Income Statements for Lumentum

This table shows Lumentum's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
Net Income / (Loss) Attributable to Common Shareholders		 -99 -127 -253 -82 -61 -44 213 4.20 78 143 -7,160
Consolidated Net Income / (Loss)		 -99 -127 -253 -82 -61 -44 213 4.20 78 144 -7,162
Net Income / (Loss) Continuing Operations		 -99 -127 -253 -82 -61 -44 213 4.20 78 144 -7,162
Total Pre-Tax Income 		-102 -107 -128 -79 -42 -39 -11 5.20 97 184 -7,458
Total Operating Income		 -105 -115 -133 -82 -52 -38 -8.40 6.70 64 175 279
Total Gross Profit		 64 60 51 78 100 123 160 182 240 357 477
Total Revenue		 367 367 308 337 402 425 481 534 666 808 1,006
Operating Revenue		 367 367 308 337 402 425 481 534 666 808 1,006
Total Cost of Revenue		 303 307 257 259 303 303 321 352 425 451 529
Operating Cost of Revenue		 303 307 257 259 303 303 321 352 425 451 529
Total Operating Expenses		 169 174 185 160 151 160 168 175 176 183 198
Selling, General & Admin Expense		 85 78 75 76 76 112 84 85 96 91 91
Research & Development Expense		 78 77 73 74 74 76 80 81 80 91 104
Restructuring Charge		 5.80 19 37 9.70 0.70 7.20 5.20 8.30 -0.40 1.10 2.40
Total Other Income / (Expense), net		 3.70 7.20 5.90 3.20 9.30 -1.50 -3.00 -1.50 32 9.30 -7,738
Interest Expense		 9.70 9.00 5.40 5.50 5.60 5.70 5.40 5.70 6.30 6.20 7,760
Other Income / (Expense), net		 13 16 11 8.70 15 4.20 2.40 4.20 39 16 23
Income Tax Expense		 -2.40 20 125 3.20 19 4.90 -225 1.00 18 40 -297
Basic Earnings per Share		 ($1.47) ($1.88) ($3.75) ($1.21) ($0.88) ($0.64) $3.11 $0.06 $1.10 $1.99 ($96.11)
Weighted Average Basic Shares Outstanding		 67.20M 67.50M 67.30M 68.30M 68.90M 69.30M 69M 70.30M 71.10M 71.50M 74.60M
Diluted Earnings per Share		 ($1.47) ($1.88) ($3.75) ($1.21) ($0.88) ($0.64) $3.10 $0.05 $0.89 $1.50 ($95.40)
Weighted Average Diluted Shares Outstanding		 67.20M 67.50M 67.30M 68.30M 68.90M 69.30M 69.60M 78.30M 87.80M 96.20M 74.60M
Weighted Average Basic & Diluted Shares Outstanding		 67.40M 67.60M 68M 68.70M 69.20M 69.40M 69.90M 70.90M 71.40M 77.80M 89.70M

Annual Cash Flow Statements for Lumentum

This table details how cash moves in and out of Lumentum's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
Net Change in Cash & Equivalents		 143 116 124 35 -135 476 516 -431 -422 84 1,523
Net Cash From Operating Activities		 87 85 248 330 524 739 459 180 25 126 751
Net Cash From Continuing Operating Activities		 87 85 248 330 524 739 459 180 25 126 751
Net Income / (Loss) Continuing Operations		 9.30 -103 248 -36 136 397 199 -132 -547 26 -6,935
Consolidated Net Income / (Loss)		 9.30 -103 248 -36 136 397 199 -132 -547 26 -6,935
Depreciation Expense		 47 54 74 103 113 91 82 107 111 104 129
Amortization Expense		 7.20 12 20 128 124 146 158 191 203 155 142
Non-Cash Adjustments To Reconcile Net Income		 26 29 48 93 98 114 105 166 123 160 7,943
Changes in Operating Assets and Liabilities, net		 -2.80 92 -142 43 54 -9.80 -84 -152 135 -320 -527
Net Cash From Investing Activities		 -82 -426 -127 -780 -988 1.00 -226 -874 -114 -84 -786
Net Cash From Continuing Investing Activities		 -82 -426 -127 -780 -988 1.00 -226 -874 -114 -84 -786
Purchase of Property, Plant & Equipment		 -82 -138 -93 -167 -90 -95 -91 -129 -133 -231 -451
Acquisitions		 0.00 -5.10 0.00 -620 - 0.00 0.00 -862 -705 0.00 -38
Purchase of Investments		 0.00 -291 -634 -270 -1,341 -1,991 -1,115 -1,030 -279 -366 -603
Sale of Property, Plant & Equipment		 - 0.00 0.00 0.00 0.00 23 6.40 0.30 0.80 48 42
Sale and/or Maturity of Investments		 0.00 8.20 601 252 424 2,062 974 1,146 1,002 465 265
Net Cash From Financing Activities		 136 457 3.80 485 329 -263 283 263 -333 42 1,557
Net Cash From Continuing Financing Activities		 136 457 3.80 485 329 -263 283 263 -333 42 1,557
Repayment of Debt		 -2.30 0.00 -6.40 -2.50 -498 0.00 -1.80 -139 -323 -8.10 -860
Issuance of Debt		 0.00 442 0.00 491 1,042 0.00 854 599 0.00 77 1,303
Issuance of Preferred Equity		 - - - - - - - - 0.00 0.00 2,000
Issuance of Common Equity		 137 8.10 9.20 9.30 9.90 13 14 15 14 16 17
Other Financing Activities, net		 1.90 7.20 1.70 -12 -26 -40 -39 -37 -24 -43 -903
Cash Interest Paid		 0.00 0.00 1.30 15 13 6.40 7.50 11 20 19 16
Cash Income Taxes Paid		 2.70 9.50 13 8.70 7.60 50 57 67 61 21 47

Quarterly Cash Flow Statements for Lumentum

This table details how cash moves in and out of Lumentum's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
Net Change in Cash & Equivalents		 -392 -44 12 53 -9.50 37 4.30 252 -115 1,960 -574
Net Cash From Operating Activities		 -1.50 -7.00 36 40 24 -1.60 64 58 127 204 363
Net Cash From Continuing Operating Activities		 -1.50 -7.00 36 40 24 -1.60 64 58 127 204 363
Net Income / (Loss) Continuing Operations		 -99 -127 -253 -82 -61 -44 213 4.20 78 144 -7,162
Consolidated Net Income / (Loss)		 -99 -127 -253 -82 -61 -44 213 4.20 78 144 -7,162
Depreciation Expense		 27 27 28 27 26 25 26 28 31 33 38
Amortization Expense		 42 51 72 44 40 36 35 35 35 35 37
Non-Cash Adjustments To Reconcile Net Income		 26 34 34 41 34 39 46 43 55 43 7,802
Changes in Operating Assets and Liabilities, net		 1.60 7.80 154 10 -14 -58 -258 -52 -72 -51 -352
Net Cash From Investing Activities		 -395 290 -28 -47 -31 53 -59 -68 -231 -182 -304
Net Cash From Continuing Investing Activities		 -395 290 -28 -47 -31 53 -59 -68 -231 -182 -304
Purchase of Property, Plant & Equipment		 -31 -20 676 -74 -40 -63 -54 -76 -84 -125 -167
Purchase of Investments		 -35 -34 -60 -64 -127 -90 -86 -58 -199 -122 -224
Sale of Property, Plant & Equipment		 0.20 0.60 - 0.20 - 48 - 0.00 0.10 40 2.80
Sale and/or Maturity of Investments		 372 345 57 91 136 158 80 67 51 63 84
Net Cash From Financing Activities		 4.10 -328 3.70 60 -3.10 -15 -0.30 262 -11 1,938 -633
Net Cash From Continuing Financing Activities		 4.10 -328 3.70 60 -3.10 -15 -0.30 262 -11 1,938 -633
Repayment of Debt		 - -323 - -0.40 -2.50 -2.50 -2.70 -846 -4.60 -5.20 -4.00
Issuance of Common Equity		 - - 7.10 - - 0.20 7.80 - - 0.50 7.90
Other Financing Activities, net		 -3.20 -4.50 -3.40 -16 -8.70 -13 -5.40 -148 -62 -57 -637
Cash Interest Paid		 9.30 0.50 9.30 0.10 9.40 0.20 9.40 0.10 10 2.50 2.90
Cash Income Taxes Paid		 3.70 30 8.70 -4.20 -2.70 17 10 3.20 15 23 5.60

Annual Balance Sheets for Lumentum

This table presents Lumentum's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
Total Assets		 726 1,233 1,582 2,717 3,293 3,552 4,162 4,632 3,932 4,219 7,308
Total Current Assets		 490 930 1,127 1,333 2,050 2,437 3,139 2,778 1,590 1,717 4,162
Cash & Equivalents		 157 273 397 433 298 774 1,290 859 437 521 2,044
Short-Term Investments		 0.00 282 314 336 1,256 1,172 1,259 1,155 450 356 695
Inventories, net		 101 145 174 229 189 196 250 409 398 470 692
Prepaid Expenses		 61 64 45 98 74 82 78 110 110 120 212
Other Current Assets		 - - - - - - - - - 250 520
Plant, Property, & Equipment, net		 183 274 307 433 0.00 0.00 361 490 573 726 1,159
Total Noncurrent Assets		 53 29 147 951 1,243 1,115 663 1,365 1,769 1,775 1,987
Goodwill		 20 22 11 369 369 369 369 695 1,056 1,061 1,069
Intangible Assets		 - - 7.00 395 317 241 156 459 618 465 327
Noncurrent Deferred & Refundable Income Taxes		 32 3.90 126 170 81 73 27 116 11 210 531
Other Noncurrent Operating Assets		 1.60 3.70 3.50 17 476 432 111 94 85 39 59
Total Liabilities & Shareholders' Equity		 726 1,233 1,582 2,717 3,293 3,552 4,162 4,632 3,932 4,219 7,308
Total Liabilities		 193 578 620 1,220 1,543 1,579 2,287 3,276 2,975 3,084 2,664
Total Current Liabilities		 174 184 214 294 283 665 717 634 269 393 2,481
Short-Term Debt		 - - 0.00 5.00 0.00 391 410 312 0.00 11 1,597
Accounts Payable		 118 115 127 161 151 117 157 169 126 225 567
Accrued Expenses		 15 19 34 47 24 33 45 51 52 35 65
Current Employee Benefit Liabilities		 27 28 32 42 53 54 55 39 36 58 146
Other Current Liabilities		 12 23 22 39 55 70 51 62 55 65 105
Total Noncurrent Liabilities		 19 394 406 926 1,260 914 1,571 2,643 2,705 2,691 183
Long-Term Debt		 0.00 318 334 836 1,120 790 1,466 2,500 2,503 2,563 41
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.30 56 47 36 13 3.40 56 7.20 7.10
Other Noncurrent Operating Liabilities		 19 77 71 34 94 89 92 139 146 121 136
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 497 619 926 1,497 1,749 1,973 1,875 1,356 957 1,135 4,644
Total Preferred & Common Equity		 497 619 926 1,497 1,749 1,973 1,875 1,356 957 1,135 4,644
Preferred Stock		 - - - - - - - - - 0.00 0.00
Total Common Equity		 497 619 926 1,497 1,749 1,973 1,875 1,356 957 1,135 4,644
Common Stock		 468 695 753 1,361 1,677 1,744 2,004 1,692 1,835 1,987 12,430
Retained Earnings		 20 -83 166 129 65 221 -129 -341 -887 -861 -7,796
Accumulated Other Comprehensive Income / (Loss)		 9.40 7.40 6.40 7.10 7.90 8.20 0.40 4.10 9.30 9.00 10

Quarterly Balance Sheets for Lumentum

This table presents Lumentum's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 4/1/2023 9/30/2023 12/30/2023 3/30/2024 9/28/2024 12/28/2024 3/29/2025 9/27/2025 12/27/2025 3/28/2026
Total Assets		 4,418 4,354 4,545 4,656 4,205 3,970 3,966 3,975 4,613 4,805 7,028
Total Current Assets		 2,493 2,464 2,692 2,062 1,650 1,636 1,651 1,667 2,086 2,283 4,396
Cash & Equivalents		 592 549 862 469 425 489 480 516 773 658 2,618
Short-Term Investments		 1,088 1,118 1,083 755 446 427 417 350 349 498 555
Accounts Receivable		 - 278 - - - - - 256 307 377 442
Inventories, net		 367 410 428 472 421 403 402 423 532 570 633
Prepaid Expenses		 115 108 99 118 129 118 126 122 125 181 149
Plant, Property, & Equipment, net		 488 483 512 582 579 638 663 693 795 814 964
Total Noncurrent Assets		 1,438 1,408 1,342 2,012 1,976 1,695 1,651 1,614 1,733 1,709 1,668
Goodwill		 698 696 695 1,055 1,056 1,061 1,061 1,061 1,061 1,061 1,066
Intangible Assets		 540 498 435 731 689 574 535 500 431 397 363
Noncurrent Deferred & Refundable Income Taxes		 100 116 128 130 139 13 11 13 205 206 198
Other Noncurrent Operating Assets		 100 97 83 96 92 48 45 41 37 45 41
Total Liabilities & Shareholders' Equity		 4,418 4,354 4,545 4,656 4,205 3,970 3,966 3,975 4,613 4,805 7,028
Total Liabilities		 2,875 2,816 3,234 3,378 3,028 3,074 3,094 3,096 3,832 3,959 4,055
Total Current Liabilities		 814 769 594 658 318 305 347 353 1,526 3,768 3,865
Short-Term Debt		 421 426 316 320 0.00 11 9.80 10 1,079 3,240 3,239
Accounts Payable		 206 199 135 163 133 163 185 195 279 347 393
Accrued Expenses		 62 60 59 66 62 40 46 44 46 39 49
Current Employee Benefit Liabilities		 61 41 41 50 40 42 40 43 69 85 110
Other Current Liabilities		 65 43 43 60 82 50 66 61 54 56 75
Total Noncurrent Liabilities		 2,060 2,047 2,641 2,720 2,710 2,769 2,747 2,743 2,306 191 189
Long-Term Debt		 1,900 1,901 2,501 2,502 2,502 2,569 2,561 2,562 2,165 47 43
Noncurrent Deferred & Payable Income Tax Liabilities		 26 18 13 68 62 53 45 39 6.00 5.60 5.40
Other Noncurrent Operating Liabilities		 134 129 127 151 146 146 140 141 136 138 141
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,544 1,538 1,311 1,278 1,177 896 872 880 781 847 2,973
Total Preferred & Common Equity		 1,544 1,538 1,311 1,278 1,177 896 872 880 781 847 2,973
Preferred Stock		 - - - - - - - - - - 0.00
Total Common Equity		 1,544 1,538 1,311 1,278 1,177 896 872 880 781 847 2,973
Common Stock		 1,642 1,672 1,714 1,776 1,803 1,854 1,893 1,943 1,629 1,616 3,601
Retained Earnings		 -101 -141 -409 -508 -635 -970 -1,030 -1,075 -857 -779 -635
Accumulated Other Comprehensive Income / (Loss)		 3.40 7.10 5.20 9.20 8.80 12 10 11 9.10 9.40 7.00

Annual Metrics And Ratios for Lumentum

This table displays calculated financial ratios and metrics derived from Lumentum's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
DEI Shares Outstanding		 - - - - - - - - - - 77,800,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 77,800,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -89.14
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.87% 10.92% 24.57% 25.45% 7.24% 3.82% -1.73% 3.18% -23.08% 21.03% 83.22%
EBITDA Growth		 142.64% -81.65% 1,946.61% -3.27% 102.40% 62.25% -27.68% -58.40% -125.43% 287.05% 698.18%
EBIT Growth		 139.59% -659.79% 371.82% -97.97% 7,750.00% 124.97% -40.49% -121.22% -455.90% 59.69% 504.00%
NOPAT Growth		 167.31% 202.20% 705.02% -105.64% 1,149.38% 184.95% -43.25% -131.56% -275.11% 58.50% 391.39%
Net Income Growth		 373.53% -1,202.15% 342.05% -114.67% 472.25% 193.21% -49.94% -166.16% -315.27% 104.74% -26,876.45%
EPS Growth		 16.67% -3,320.00% 323.39% -114.14% 424.07% 189.71% -47.14% -172.01% -320.73% 104.56% -25,224.32%
Operating Cash Flow Growth		 821.28% -1.85% 191.18% 33.37% 58.83% 40.89% -37.82% -60.85% -86.26% 411.34% 494.93%
Free Cash Flow Firm Growth		 101.54% -819.46% 1,460.86% -1,095.72% 141.25% 35.89% -53.28% -494.35% 29.95% 47.01% 10.08%
Invested Capital Growth		 2.73% 10.82% 40.26% 168.47% -16.17% -8.24% -0.44% 79.18% 19.49% 10.00% 25.16%
Revenue Q/Q Growth		 3.77% -1.86% 6.70% 7.08% -2.13% 1.40% 1.78% -2.82% -4.40% 11.71% 21.12%
EBITDA Q/Q Growth		 90.24% -71.77% 43.49% 3.27% 2.69% 1.91% 4.34% -25.72% -569.60% 173.13% 57.65%
EBIT Q/Q Growth		 149.49% -205.06% 85.43% -94.88% 20.58% 3.11% 5.73% -304.59% -30.13% 43.65% 103.43%
NOPAT Q/Q Growth		 219.33% -11.52% 1.27% -178.12% 17.82% 7.66% 6.56% -2,529.55% -21.74% 40.97% -3.46%
Net Income Q/Q Growth		 144.71% -207.81% 55.35% -258.95% 18.55% 7.03% 7.11% -258.58% -54.29% 105.89% -1,676.52%
EPS Q/Q Growth		 91.07% -210.91% 72.85% -205.88% 21.53% 7.42% 8.06% -257.41% -54.37% 105.71% -1,777.98%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 10.99% 37.54% -0.94% 0.20% -2.11% -26.58% -35.68% 29.14% 66.09%
Free Cash Flow Firm Q/Q Growth		 0.00% -104.82% 324.55% 4.10% 15.39% 4.94% -16.51% -3.36% 15.87% -4,299.01% -194.95%
Invested Capital Q/Q Growth		 5.85% 73.74% 6.39% -2.61% -5.26% -5.28% 0.03% -2.00% -8.36% 9.49% 14.92%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 30.71% 31.76% 34.63% 27.21% 38.73% 44.93% 46.05% 32.20% 18.50% 27.96% 41.67%
EBITDA Margin		 7.12% 1.18% 19.36% 14.92% 28.17% 44.02% 32.40% 13.06% -4.32% 6.67% 29.08%
Operating Margin		 1.27% 4.75% 11.21% -1.38% 12.16% 30.24% 17.71% -6.55% -31.93% -10.95% 17.41%
EBIT Margin		 1.07% -5.42% 11.83% 0.19% 14.03% 30.40% 18.41% -3.79% -27.36% -9.11% 20.09%
Profit (Net Income) Margin		 1.03% -10.23% 19.88% -2.33% 8.07% 22.80% 11.61% -7.45% -40.21% 1.57% -230.10%
Tax Burden Percent		 95.88% 171.40% 191.73% 109.31% 77.74% 85.79% 84.60% 128.52% 134.71% -15.05% 96.69%
Interest Burden Percent		 100.00% 110.13% 87.67% -1,110.00% 74.01% 87.41% 74.56% 153.06% 109.09% 114.81% -1,184.41%
Effective Tax Rate		 4.12% 0.00% -91.73% 0.00% 22.26% 14.21% 15.40% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 2.97% 8.40% 53.57% -1.40% 11.00% 35.84% 21.30% -4.83% -12.85% -4.67% 11.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.98% 77.19% 60.12% 12.55% 23.83% 44.98% 29.32% -85.80% -32.96% 4.51% -2,442.67%
Return on Net Nonoperating Assets (RNNOA)		 -0.94% -25.66% -22.88% -1.56% -2.65% -14.49% -10.96% -3.32% -34.40% 7.14% -251.55%
Return on Equity (ROE)		 2.04% -17.26% 30.70% -2.96% 8.35% 21.35% 10.34% -8.15% -47.25% 2.48% -240.03%
Cash Return on Invested Capital (CROIC)		 0.28% -1.86% 20.06% -92.85% 28.59% 44.43% 21.74% -61.55% -30.61% -14.19% -10.82%
Operating Return on Assets (OROA)		 1.57% -5.54% 10.49% 0.14% 7.84% 15.48% 8.18% -1.52% -8.69% -3.68% 10.51%
Return on Assets (ROA)		 1.50% -10.46% 17.63% -1.69% 4.51% 11.61% 5.16% -2.99% -12.76% 0.64% -120.34%
Return on Common Equity (ROCE)		 1.96% -16.22% 29.34% -2.92% 8.35% 21.35% 10.34% -8.15% -47.25% 2.48% -240.03%
Return on Equity Simple (ROE_SIMPLE)		 1.87% -16.56% 26.79% -2.43% 7.75% 20.14% 10.61% -9.71% -57.09% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 11 33 268 -15 159 452 257 -81 -304 -126 367
NOPAT Margin		 1.22% 3.33% 21.50% -0.97% 9.45% 25.94% 14.98% -4.58% -22.35% -7.66% 12.19%
Net Nonoperating Expense Percent (NNEP)		 -2.01% -68.79% -6.55% -13.96% -12.83% -9.14% -8.02% 80.98% 20.11% -9.18% 2,454.20%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -3.40% 5.85%
Cost of Revenue to Revenue		 69.29% 68.24% 65.37% 72.79% 61.27% 55.07% 53.95% 67.80% 81.50% 72.04% 58.33%
SG&A Expenses to Revenue		 12.99% 11.00% 10.27% 12.80% 14.01% 13.85% 15.51% 19.74% 22.86% 21.17% 12.05%
R&D to Revenue		 15.63% 14.81% 12.57% 11.79% 11.83% 12.31% 12.89% 17.42% 22.23% 18.47% 11.83%
Operating Expenses to Revenue		 29.44% 27.01% 23.42% 28.59% 26.58% 14.69% 28.34% 38.75% 50.43% 38.91% 24.26%
Earnings before Interest and Taxes (EBIT)		 9.70 -54 148 3.00 236 530 315 -67 -372 -150 606
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 64 12 242 234 473 767 555 231 -59 110 876
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.82 5.64 3.91 2.73 3.26 3.21 2.86 2.87 3.60 5.80 13.69
Price to Tangible Book Value (P/TBV)		 2.94 5.84 3.99 5.57 5.36 4.65 3.98 19.34 0.00 0.00 19.57
Price to Revenue (P/Rev)		 1.55 3.48 2.91 2.61 3.40 3.64 3.14 2.21 2.53 4.00 21.09
Price to Earnings (P/E)		 0.00 0.00 15.01 0.00 42.08 15.95 27.00 0.00 0.00 253.89 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 6.66% 0.00% 2.38% 6.27% 3.70% 0.00% 0.00% 0.39% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.41 7.89 5.62 2.65 4.00 4.61 3.91 2.18 1.97 2.92 17.63
Enterprise Value to Revenue (EV/Rev)		 1.42 3.28 2.63 2.65 3.14 3.20 2.74 2.66 3.72 5.03 20.72
Enterprise Value to EBITDA (EV/EBITDA)		 19.92 278.53 13.59 17.78 11.14 7.26 8.47 20.34 0.00 75.33 71.27
Enterprise Value to EBIT (EV/EBIT)		 132.03 0.00 22.24 1,384.31 22.37 10.51 14.90 0.00 0.00 0.00 103.14
Enterprise Value to NOPAT (EV/NOPAT)		 116.15 98.64 12.24 0.00 33.21 12.32 18.30 0.00 0.00 0.00 170.02
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.79 38.67 13.26 12.58 10.05 7.54 10.23 26.11 204.79 65.49 83.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 1,248.50 0.00 32.69 0.00 12.77 9.94 17.93 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.49 0.35 0.56 0.64 0.60 1.00 2.07 2.61 2.27 0.35
Long-Term Debt to Equity		 0.00 0.49 0.35 0.56 0.64 0.40 0.78 1.84 2.61 2.26 0.01
Financial Leverage		 -0.19 -0.33 -0.38 -0.12 -0.11 -0.32 -0.37 0.04 1.04 1.58 0.10
Leverage Ratio		 1.36 1.65 1.74 1.75 1.85 1.84 2.00 2.72 3.70 3.90 1.99
Compound Leverage Factor		 1.36 1.82 1.53 -19.40 1.37 1.61 1.49 4.17 4.04 4.47 -23.62
Debt to Total Capital		 0.00% 32.66% 25.79% 35.97% 39.04% 37.44% 50.01% 67.47% 72.34% 69.40% 26.07%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.21% 0.00% 12.39% 10.93% 7.48% 0.00% 0.29% 25.42%
Long-Term Debt to Total Capital		 0.00% 32.66% 25.79% 35.75% 39.04% 25.05% 39.09% 59.99% 72.34% 69.11% 0.64%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.71% 3.68% 2.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 93.29% 63.66% 71.45% 64.03% 60.96% 62.56% 49.99% 32.53% 27.66% 30.60% 73.93%
Debt to EBITDA		 0.00 26.91 1.38 3.60 2.37 1.54 3.38 12.18 -42.64 23.44 1.87
Net Debt to EBITDA		 0.00 -20.15 -1.56 0.31 -0.92 -1.00 -1.21 3.46 -27.53 15.45 -1.26
Long-Term Debt to EBITDA		 0.00 26.91 1.38 3.58 2.37 1.03 2.64 10.83 -42.64 23.34 0.05
Debt to NOPAT		 0.00 9.53 1.25 -55.62 7.06 2.61 7.31 -34.72 -8.24 -20.41 4.46
Net Debt to NOPAT		 0.00 -7.14 -1.41 -4.79 -2.73 -1.69 -2.62 -9.85 -5.32 -13.45 -3.00
Long-Term Debt to NOPAT		 0.00 9.53 1.25 -55.28 7.06 1.75 5.71 -30.87 -8.24 -20.33 0.11
Altman Z-Score		 6.20 4.92 5.45 3.11 3.63 4.08 2.73 1.50 0.82 1.64 13.79
Noncontrolling Interest Sharing Ratio		 3.92% 6.03% 4.43% 1.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.82 5.05 5.27 4.53 7.24 3.67 4.38 4.38 5.90 4.37 1.68
Quick Ratio		 1.89 3.92 4.25 3.42 6.32 3.25 3.92 3.57 3.29 2.87 1.10
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.03 -7.38 100 -1,000 412 561 262 -1,033 -724 -383 -345
Operating Cash Flow to CapEx		 105.61% 61.55% 265.56% 197.31% 582.56% 1,033.15% 541.63% 140.25% 18.68% 69.05% 183.76%
Free Cash Flow to Firm to Interest Expense		 0.00 -1.34 5.52 -27.55 6.74 8.40 3.27 -29.09 -21.41 -17.27 -0.04
Operating Cash Flow to Interest Expense		 0.00 15.45 13.60 9.09 8.57 11.08 5.73 5.06 0.73 5.69 0.10
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -9.65 8.48 4.48 7.10 10.00 4.67 1.45 -3.18 -2.55 0.04
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.46 1.02 0.89 0.73 0.56 0.51 0.44 0.40 0.32 0.40 0.52
Accounts Receivable Turnover		 5.63 5.95 6.87 7.20 7.12 7.81 7.21 6.96 0.00 7.40 0.00
Inventory Turnover		 6.25 5.56 5.11 5.66 4.92 4.98 4.14 3.64 2.75 2.73 3.03
Fixed Asset Turnover		 5.53 4.38 4.30 4.23 0.00 0.00 0.00 4.16 2.56 2.53 3.20
Accounts Payable Turnover		 6.38 5.86 6.76 7.93 6.60 7.17 6.75 7.35 7.49 6.74 4.44
Days Sales Outstanding (DSO)		 64.88 61.37 53.15 50.73 51.26 46.74 50.60 52.48 0.00 49.34 0.00
Days Inventory Outstanding (DIO)		 58.42 65.63 71.45 64.53 74.13 73.27 88.19 100.34 132.96 133.75 120.59
Days Payable Outstanding (DPO)		 57.23 62.24 53.99 46.02 55.30 50.91 54.04 49.68 48.72 54.13 82.28
Cash Conversion Cycle (CCC)		 66.07 64.76 70.61 69.24 70.09 69.10 84.75 103.15 84.24 128.95 38.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 376 417 585 1,570 1,316 1,207 1,202 2,154 2,574 2,831 3,543
Invested Capital Turnover		 2.43 2.53 2.49 1.45 1.16 1.38 1.42 1.05 0.58 0.61 0.95
Increase / (Decrease) in Invested Capital		 10 41 168 985 -254 -108 -5.30 952 420 257 712
Enterprise Value (EV)		 1,281 3,287 3,283 4,153 5,269 5,570 4,697 4,695 5,058 8,272 62,460
Market Capitalization		 1,402 3,489 3,625 4,081 5,702 6,335 5,370 3,897 3,442 6,576 63,561
Book Value per Share		 $8.39 $10.12 $14.79 $19.60 $23.35 $25.99 $27.17 $19.74 $14.16 $16.35 $59.69
Tangible Book Value per Share		 $8.05 $9.77 $14.50 $9.59 $14.20 $17.95 $19.57 $2.93 ($10.59) ($5.64) $41.74
Total Capital		 533 972 1,296 2,338 2,870 3,153 3,751 4,167 3,461 3,708 6,281
Total Debt		 0.00 318 334 841 1,120 1,181 1,876 2,812 2,503 2,573 1,637
Total Long-Term Debt		 0.00 318 334 836 1,120 790 1,466 2,500 2,503 2,563 41
Net Debt		 -157 -238 -377 72 -434 -766 -673 798 1,616 1,696 -1,101
Capital Expenditures (CapEx)		 82 138 93 167 90 72 85 128 132 183 409
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 159 191 202 275 213 217 284 442 434 458 540
Debt-free Net Working Capital (DFNWC)		 316 746 913 1,044 1,767 2,163 2,833 2,456 1,321 1,335 3,278
Net Working Capital (NWC)		 316 746 913 1,039 1,767 1,772 2,423 2,144 1,321 1,325 1,681
Net Nonoperating Expense (NNE)		 1.73 136 20 21 23 55 58 51 243 -152 7,302
Net Nonoperating Obligations (NNO)		 -157 -238 -377 72 -434 -766 -673 798 1,616 1,696 -1,101
Total Depreciation and Amortization (D&A)		 55 66 94 231 237 237 240 298 313 260 271
Debt-free, Cash-free Net Working Capital to Revenue		 17.57% 19.05% 16.17% 17.59% 12.70% 12.45% 16.56% 25.02% 31.92% 27.84% 17.91%
Debt-free Net Working Capital to Revenue		 34.97% 74.49% 73.19% 66.68% 105.27% 124.10% 165.40% 138.98% 97.17% 81.16% 108.77%
Net Working Capital to Revenue		 34.97% 74.49% 73.19% 66.36% 105.27% 101.69% 141.46% 121.34% 97.17% 80.52% 55.79%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.05) ($1.71) $3.88 ($0.54) $1.79 $5.27 $2.79 ($1.93) ($8.12) $0.38 ($92.96)
Adjusted Weighted Average Basic Shares Outstanding		 59.10M 60.60M 62.30M 70.70M 75.90M 75.40M 71.20M 68.30M 67.30M 69M 74.60M
Adjusted Diluted Earnings per Share		 ($0.05) ($1.71) $3.82 ($0.54) $1.75 $5.07 $2.68 ($1.93) ($8.12) $0.37 ($92.96)
Adjusted Weighted Average Diluted Shares Outstanding		 59.10M 60.60M 63.30M 70.70M 77.60M 78.40M 74.20M 68.30M 67.30M 69.60M 74.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 60.08M 61.52M 63.30M 76.90M 75.20M 72.70M 68.10M 66.70M 68M 69.90M 89.70M
Normalized Net Operating Profit after Tax (NOPAT)		 18 42 103 29 168 459 256 -61 -253 -135 375
Normalized NOPAT Margin		 2.01% 4.17% 8.25% 1.83% 10.02% 26.32% 14.93% -3.47% -18.61% -8.18% 12.45%
Pre Tax Income Margin		 1.07% -5.97% 10.37% -2.13% 10.38% 26.57% 13.73% -5.80% -29.85% -10.46% -237.98%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 -9.87 8.11 0.08 3.85 7.94 3.93 -1.88 -11.00 -6.75 0.08
NOPAT to Interest Expense		 0.00 6.06 14.74 -0.42 2.59 6.78 3.20 -2.28 -8.99 -5.68 0.05
EBIT Less CapEx to Interest Expense		 0.00 -34.98 2.99 -4.53 2.38 6.87 2.87 -5.50 -14.91 -14.99 0.03
NOPAT Less CapEx to Interest Expense		 0.00 -19.05 9.62 -5.03 1.12 5.71 2.14 -5.89 -12.90 -13.92 -0.01
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 5.38% 0.88% 0.28% -1.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 5.38% 0.88% 0.28% -1.92% 147.60% 59.40% 273.45% -133.43% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Lumentum

This table displays calculated financial ratios and metrics derived from Lumentum's official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
DEI Shares Outstanding		 - - - - - - - - - 71,400,000.00 77,800,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 71,400,000.00 77,800,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 2.00 -92.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -27.51% -4.41% -16.86% 6.08% 9.65% 16.02% 55.92% 58.44% 65.46% 90.12% 109.34%
EBITDA Growth		 -136.94% -174.36% -145.01% -196.00% 230.63% 208.73% 504.35% 3,179.17% 481.03% 840.51% 574.37%
EBIT Growth		 -404.40% -146.00% -239.17% -23.66% 60.02% 65.96% 95.09% 114.79% 380.11% 667.16% 5,131.67%
NOPAT Growth		 -380.37% -122.96% -138.64% -1.98% 50.95% 67.10% 93.70% 109.38% 244.26% 618.77% 3,425.00%
Net Income Growth		 -212.62% -223.16% -319.44% -21.35% 38.55% 65.28% 184.48% 105.10% 228.41% 426.98% -3,457.57%
EPS Growth		 -219.57% -229.82% -321.35% -18.63% 40.14% 65.96% 182.67% 104.13% 201.14% 334.38% -3,177.42%
Operating Cash Flow Growth		 -101.58% -146.98% -27.85% 1,821.74% 1,720.00% 77.14% 80.28% 46.21% 421.40% 12,837.50% 467.19%
Free Cash Flow Firm Growth		 22.66% 33.08% 48.22% -2,253.09% 138.25% 128.43% 48.71% 22.35% -229.89% -283.64% -96.29%
Invested Capital Growth		 31.64% 27.77% 19.49% 17.26% -11.43% -7.93% 10.00% 13.39% 16.96% 19.24% 25.16%
Revenue Q/Q Growth		 15.49% -0.08% -15.88% 9.28% 19.38% 5.72% 13.05% 11.05% 24.67% 21.47% 24.48%
EBITDA Q/Q Growth		 -988.00% -7.98% -8.87% 89.14% 1,308.33% -5.52% 103.65% 32.44% 128.01% 52.94% 46.02%
EBIT Q/Q Growth		 -54.03% -7.19% -24.09% 39.64% 50.20% 8.72% 82.09% 281.67% 843.12% 84.82% 58.89%
NOPAT Q/Q Growth		 -30.20% -8.94% -16.40% 38.23% 37.38% 26.94% 77.72% 192.03% 862.87% 162.74% 42.81%
Net Income Q/Q Growth		 -45.95% -28.15% -98.82% 67.37% 26.09% 27.59% 583.67% -98.03% 1,761.90% 84.40% -5,066.50%
EPS Q/Q Growth		 -44.12% -27.89% -99.47% 67.73% 27.27% 27.27% 584.38% -98.39% 1,680.00% 68.54% -6,460.00%
Operating Cash Flow Q/Q Growth		 34.78% -366.67% 607.14% 11.55% -38.64% -106.58% 4,100.00% -9.53% 118.83% 60.85% 78.12%
Free Cash Flow Firm Q/Q Growth		 -4,042.15% 9.68% 25.71% 15.34% 167.33% -32.88% -234.06% -28.16% -12.63% 5.11% -43.30%
Invested Capital Q/Q Growth		 31.70% -2.33% -8.36% -0.53% -0.52% 1.53% 9.49% 2.53% 2.62% 3.50% 14.92%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.45% 16.23% 16.64% 23.12% 24.76% 28.81% 33.26% 34.00% 36.08% 44.16% 47.43%
EBITDA Margin		 -6.05% -5.54% -7.17% -0.71% 7.21% 6.44% 11.61% 13.84% 25.32% 31.88% 37.39%
Operating Margin		 -28.68% -31.27% -43.27% -24.46% -12.83% -8.87% -1.75% 1.26% 9.66% 21.59% 27.76%
EBIT Margin		 -25.03% -26.85% -39.60% -21.88% -9.12% -7.88% -1.25% 2.04% 15.45% 23.50% 30.00%
Profit (Net Income) Margin		 -27.02% -34.65% -81.90% -24.46% -15.14% -10.37% 44.37% 0.79% 11.75% 17.84% -711.69%
Tax Burden Percent		 97.64% 118.25% 198.04% 104.04% 143.97% 112.50% -1,871.05% 80.77% 81.04% 78.45% 96.02%
Interest Burden Percent		 110.57% 109.15% 104.42% 107.46% 115.26% 117.01% 190.00% 47.71% 93.87% 96.74% -2,470.45%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 19.23% 18.96% 21.55% 0.00%
Return on Invested Capital (ROIC)		 -11.42% -12.43% -17.42% -9.95% -4.68% -3.39% -0.74% 0.68% 5.97% 14.87% 18.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 -13.69% -16.52% -30.60% -11.90% -6.20% -4.45% 12.49% 0.62% 7.34% 15.67% -2,454.22%
Return on Net Nonoperating Assets (RNNOA)		 -10.86% -13.94% -31.94% -13.68% -9.43% -7.22% 19.78% 1.40% 16.25% 7.39% -252.74%
Return on Equity (ROE)		 -22.28% -26.37% -49.35% -23.63% -14.12% -10.61% 19.03% 2.08% 22.21% 22.25% -234.37%
Cash Return on Invested Capital (CROIC)		 -35.43% -34.36% -30.61% -28.74% 2.26% 0.34% -14.19% -14.88% -11.20% -4.12% -10.82%
Operating Return on Assets (OROA)		 -7.94% -8.92% -12.57% -7.08% -2.99% -2.84% -0.50% 0.88% 7.41% 10.63% 15.69%
Return on Assets (ROA)		 -8.57% -11.51% -26.00% -7.92% -4.97% -3.73% 17.91% 0.34% 5.64% 8.07% -372.20%
Return on Common Equity (ROCE)		 -22.28% -26.37% -49.35% -23.63% -14.12% -10.61% 19.03% 2.08% 22.21% 22.25% -234.37%
Return on Equity Simple (ROE_SIMPLE)		 -20.86% -30.10% 0.00% -62.62% -59.93% -50.02% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -74 -80 -93 -58 -36 -26 -5.88 5.41 52 137 196
NOPAT Margin		 -20.08% -21.89% -30.29% -17.12% -8.98% -6.21% -1.22% 1.01% 7.83% 16.94% 19.43%
Net Nonoperating Expense Percent (NNEP)		 2.28% 4.08% 13.18% 1.95% 1.51% 1.06% -13.23% 0.06% -1.37% -0.80% 2,472.60%
Return On Investment Capital (ROIC_SIMPLE)		 -1.80% - - - -1.05% -0.76% -0.16% 0.13% 1.26% 2.19% 3.11%
Cost of Revenue to Revenue		 82.55% 83.77% 83.36% 76.88% 75.24% 71.19% 66.74% 66.00% 63.92% 55.84% 52.57%
SG&A Expenses to Revenue		 23.20% 21.20% 24.29% 22.65% 18.97% 26.34% 17.39% 15.94% 14.44% 11.23% 9.06%
R&D to Revenue		 21.35% 21.06% 23.74% 22.05% 18.45% 17.85% 16.54% 15.25% 12.04% 11.21% 10.37%
Operating Expenses to Revenue		 46.13% 47.50% 59.91% 47.58% 37.59% 37.68% 35.01% 32.75% 26.42% 22.58% 19.68%
Earnings before Interest and Taxes (EBIT)		 -92 -98 -122 -74 -37 -34 -6.00 11 103 190 302
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -22 -20 -22 -2.40 29 27 56 74 169 258 376
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.75 2.71 3.60 4.90 6.64 4.92 5.80 14.39 32.73 16.87 13.69
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32.49 19.57
Price to Revenue (P/Rev)		 2.44 2.24 2.53 3.18 4.10 2.94 4.00 6.10 13.16 20.16 21.09
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 253.89 99.88 110.12 114.50 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.39% 1.00% 0.91% 0.87% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.78 1.72 1.97 2.36 2.93 2.33 2.92 4.60 10.02 16.31 17.63
Enterprise Value to Revenue (EV/Rev)		 3.55 3.39 3.72 4.39 5.28 4.10 5.03 7.25 14.17 20.21 20.72
Enterprise Value to EBITDA (EV/EBITDA)		 90.12 385.83 0.00 0.00 0.00 150.16 75.33 71.78 91.64 90.46 71.27
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 402.12 168.91 103.14
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 243.37 132.15 170.02
Enterprise Value to Operating Cash Flow (EV/OCF)		 84.74 125.60 204.79 90.87 80.84 61.72 65.49 92.38 120.80 111.15 83.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 122.06 661.18 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.21 2.13 2.61 2.88 2.95 2.93 2.27 4.15 3.88 1.10 0.35
Long-Term Debt to Equity		 1.96 2.13 2.61 2.87 2.94 2.91 2.26 2.77 0.06 0.01 0.01
Financial Leverage		 0.79 0.84 1.04 1.15 1.52 1.62 1.58 2.26 2.21 0.47 0.10
Leverage Ratio		 3.22 3.15 3.70 3.86 4.01 3.98 3.90 5.12 5.10 2.86 1.99
Compound Leverage Factor		 3.56 3.44 3.87 4.15 4.62 4.65 7.40 2.44 4.79 2.76 -49.28
Debt to Total Capital		 68.83% 68.02% 72.34% 74.23% 74.67% 74.52% 69.40% 80.60% 79.52% 52.47% 26.07%
Short-Term Debt to Total Capital		 7.80% 0.00% 0.00% 0.31% 0.28% 0.30% 0.29% 26.81% 78.38% 51.77% 25.42%
Long-Term Debt to Total Capital		 61.03% 68.02% 72.34% 73.91% 74.38% 74.23% 69.11% 53.79% 1.14% 0.69% 0.64%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 31.17% 31.98% 27.66% 25.77% 25.33% 25.48% 30.60% 19.40% 20.48% 47.53% 73.93%
Debt to EBITDA		 49.76 200.19 -42.64 -40.57 -207.34 64.00 23.44 17.43 10.10 5.90 1.87
Net Debt to EBITDA		 28.17 130.52 -27.53 -26.16 -135.02 42.44 15.45 11.40 6.55 0.20 -1.26
Long-Term Debt to EBITDA		 44.12 200.19 -42.64 -40.40 -206.55 63.74 23.34 11.63 0.14 0.08 0.05
Debt to NOPAT		 -13.74 -10.03 -8.24 -8.46 -9.61 -12.05 -20.41 -50.92 26.81 8.62 4.46
Net Debt to NOPAT		 -7.78 -6.54 -5.32 -5.46 -6.26 -7.99 -13.45 -33.31 17.39 0.29 -3.00
Long-Term Debt to NOPAT		 -12.19 -10.03 -8.24 -8.43 -9.58 -12.00 -20.33 -33.98 0.38 0.11 0.11
Altman Z-Score		 1.08 1.06 1.02 1.20 1.48 1.20 1.76 2.05 4.11 7.83 13.65
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.13 5.20 5.90 5.36 4.76 4.72 4.37 1.37 0.61 1.14 1.68
Quick Ratio		 1.86 2.74 3.29 3.00 2.58 3.18 2.87 0.94 0.41 0.94 1.10
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -765 -691 -513 -434 292 196 -263 -337 -380 -360 -517
Operating Cash Flow to CapEx		 -4.87% -36.84% 0.00% 53.59% 60.45% -10.74% 118.74% 75.98% 151.74% 239.20% 221.34%
Free Cash Flow to Firm to Interest Expense		 -78.83 -76.74 -95.01 -78.98 52.23 34.44 -48.74 -59.17 -60.30 -58.14 -0.07
Operating Cash Flow to Interest Expense		 -0.15 -0.78 6.57 7.20 4.34 -0.28 11.85 10.16 20.11 32.87 0.05
Operating Cash Flow Less CapEx to Interest Expense		 -3.33 -2.89 131.81 -6.24 -2.84 -2.89 1.87 -3.21 6.86 19.13 0.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.32 0.33 0.32 0.32 0.33 0.36 0.40 0.43 0.48 0.45 0.52
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 7.40 0.00 0.00 7.14 0.00
Inventory Turnover		 2.61 2.72 2.75 2.71 2.58 2.66 2.73 2.73 2.88 2.94 3.03
Fixed Asset Turnover		 2.69 2.68 2.56 2.40 2.27 2.32 2.53 2.57 2.85 3.00 3.20
Accounts Payable Turnover		 5.95 6.82 7.49 7.56 6.47 6.82 6.74 5.79 5.27 5.27 4.44
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 49.34 0.00 0.00 51.14 0.00
Days Inventory Outstanding (DIO)		 139.60 133.97 132.96 134.76 141.71 137.30 133.75 133.46 126.69 124.31 120.59
Days Payable Outstanding (DPO)		 61.36 53.55 48.72 48.26 56.37 53.48 54.13 63.06 69.30 69.22 82.28
Cash Conversion Cycle (CCC)		 78.24 80.42 84.24 86.50 85.33 83.82 128.95 70.41 57.39 106.22 38.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,875 2,808 2,574 2,560 2,547 2,586 2,831 2,903 2,979 3,083 3,543
Invested Capital Turnover		 0.57 0.57 0.58 0.58 0.52 0.55 0.61 0.67 0.76 0.88 0.95
Increase / (Decrease) in Invested Capital		 691 610 420 377 -329 -223 257 343 432 497 712
Enterprise Value (EV)		 5,110 4,823 5,058 6,052 7,470 6,037 8,272 13,358 29,838 50,284 62,460
Market Capitalization		 3,512 3,191 3,442 4,388 5,796 4,331 6,576 11,236 27,706 50,175 63,561
Book Value per Share		 $19.07 $17.46 $14.16 $13.18 $12.70 $12.71 $16.35 $11.17 $11.94 $41.64 $59.69
Tangible Book Value per Share		 ($7.57) ($8.42) ($10.59) ($10.87) ($10.53) ($9.84) ($5.64) ($10.17) ($8.62) $21.63 $41.74
Total Capital		 4,099 3,679 3,461 3,476 3,443 3,452 3,708 4,024 4,134 6,255 6,281
Total Debt		 2,821 2,502 2,503 2,580 2,571 2,573 2,573 3,244 3,287 3,282 1,637
Total Long-Term Debt		 2,502 2,502 2,503 2,569 2,561 2,562 2,563 2,165 47 43 41
Net Debt		 1,597 1,632 1,616 1,664 1,674 1,706 1,696 2,122 2,132 110 -1,101
Capital Expenditures (CapEx)		 31 19 -676 74 40 15 54 76 84 85 164
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 499 462 434 426 418 458 458 517 601 597 540
Debt-free Net Working Capital (DFNWC)		 1,723 1,332 1,321 1,342 1,314 1,325 1,335 1,638 1,756 3,769 3,278
Net Working Capital (NWC)		 1,404 1,332 1,321 1,331 1,305 1,314 1,325 559 -1,484 530 1,681
Net Nonoperating Expense (NNE)		 25 47 159 25 25 18 -219 1.21 -26 -7.30 7,357
Net Nonoperating Obligations (NNO)		 1,597 1,632 1,616 1,664 1,674 1,706 1,696 2,122 2,132 110 -1,101
Total Depreciation and Amortization (D&A)		 70 78 100 71 66 61 62 63 66 68 74
Debt-free, Cash-free Net Working Capital to Revenue		 34.71% 32.46% 31.92% 30.89% 29.54% 31.09% 27.84% 28.05% 28.52% 23.98% 17.91%
Debt-free Net Working Capital to Revenue		 119.80% 93.72% 97.17% 97.34% 92.96% 89.95% 81.16% 88.95% 83.40% 151.46% 108.77%
Net Working Capital to Revenue		 97.57% 93.72% 97.17% 96.56% 92.26% 89.25% 80.52% 30.37% -70.51% 21.31% 55.79%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.47) ($1.88) ($3.75) ($1.21) ($0.88) ($0.64) $3.11 $0.06 $1.10 $1.99 ($96.11)
Adjusted Weighted Average Basic Shares Outstanding		 67.20M 67.50M 67.30M 68.30M 68.90M 69.30M 69M 70.30M 71.10M 71.50M 74.60M
Adjusted Diluted Earnings per Share		 ($1.47) ($1.88) ($3.75) ($1.21) ($0.88) ($0.64) $3.10 $0.05 $0.89 $1.50 ($95.40)
Adjusted Weighted Average Diluted Shares Outstanding		 67.20M 67.50M 67.30M 68.30M 68.90M 69.30M 69.60M 78.30M 87.80M 96.20M 74.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 67.40M 67.60M 68M 68.70M 69.20M 69.40M 69.90M 70.90M 71.40M 77.80M 89.70M
Normalized Net Operating Profit after Tax (NOPAT)		 -70 -67 -68 -51 -36 -46 -2.24 12 52 138 197
Normalized NOPAT Margin		 -18.97% -18.22% -21.98% -15.11% -8.86% -10.77% -0.47% 2.27% 7.78% 17.04% 19.60%
Pre Tax Income Margin		 -27.67% -29.30% -41.36% -23.51% -10.52% -9.22% -2.37% 0.97% 14.50% 22.74% -741.16%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -9.46 -10.93 -22.61 -13.40 -6.55 -5.88 -1.11 1.91 16.32 30.65 0.04
NOPAT to Interest Expense		 -7.59 -8.91 -17.29 -10.49 -6.45 -4.63 -1.09 0.95 8.27 22.08 0.03
EBIT Less CapEx to Interest Expense		 -12.64 -13.04 102.63 -26.84 -13.73 -8.49 -11.09 -11.46 3.06 16.90 0.02
NOPAT Less CapEx to Interest Expense		 -10.77 -11.02 107.95 -23.92 -13.63 -7.24 -11.07 -12.42 -4.98 8.34 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -39.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Lumentum’s financial results show a sharp operating recovery through fiscal 2026, but the latest quarter contains an unusually large interest expense that materially distorts net income. Revenue increased from $480.7 million in Q4 fiscal 2025 to $1.01 billion in Q4 fiscal 2026, while gross profit grew from $159.9 million to $477.3 million. Over the same period, the gross margin expanded from approximately 33.3% to 47.4%.

Operating profitability also improved substantially. Lumentum moved from an $8.4 million operating loss in Q4 fiscal 2025 to $279.3 million of operating income in Q4 fiscal 2026. Operating income improved sequentially in each fiscal 2026 quarter, rising from $6.7 million in Q1 to $64.3 million in Q2, $174.5 million in Q3 and $279.3 million in Q4.

Cash flow trends were generally favorable. Operating cash flow increased from $64.0 million in Q4 fiscal 2025 to $363.0 million in Q4 fiscal 2026, although the latest figure was heavily influenced by $7.80 billion of noncash adjustments. Lumentum continued investing heavily in property, plant and equipment and investments, producing negative investing cash flow in each fiscal 2026 quarter.

  • Strong revenue momentum: Quarterly revenue climbed from $533.8 million in Q1 fiscal 2026 to $1.01 billion in Q4, suggesting accelerating demand and a significantly larger business base.
  • Meaningful gross-margin expansion: Gross margin improved from 34.0% in Q1 fiscal 2026 to 47.4% in Q4, indicating better product mix, pricing, manufacturing efficiency or operating leverage.
  • Operating leverage is becoming visible: Operating expenses rose much more slowly than revenue, allowing operating income to increase from $6.7 million in Q1 fiscal 2026 to $279.3 million in Q4.
  • Operating cash flow has strengthened: Cash generated from operations rose to $363.0 million in Q4 fiscal 2026, up from $57.9 million in Q1 and $64.0 million in Q4 fiscal 2025.
  • Greater liquidity at the latest reported balance-sheet date: At Q3 fiscal 2026, cash and short-term investments totaled approximately $3.17 billion, compared with roughly $1.60 billion at Q3 fiscal 2025.
  • Shareholders’ equity improved: Total equity increased from $879.5 million at Q3 fiscal 2025 to $2.97 billion at Q3 fiscal 2026, supported by common-stock issuance and improved retained earnings.
  • Capital investment remains elevated: Lumentum spent $166.8 million on property, plant and equipment in Q4 fiscal 2026, and quarterly capital expenditures increased from $76.2 million in Q1 to $166.8 million in Q4. This could support future growth but raises execution and return-on-investment requirements.
  • Debt remains a significant balance-sheet risk: Short-term and long-term debt totaled approximately $3.28 billion at Q3 fiscal 2026, leaving the company with substantial refinancing and interest-rate exposure despite its larger cash position.
  • Reported Q4 net income was severely distorted: Lumentum recorded a $7.76 billion interest expense in Q4 fiscal 2026, producing a $7.16 billion net loss and basic EPS of negative $96.11 despite strong operating income. This figure is dramatically inconsistent with prior quarterly interest expense of roughly $5 million to $6 million and should be reviewed for possible classification, one-time or data-quality issues.
  • Cash declined in the latest quarter: Net cash fell by $574.3 million in Q4 fiscal 2026 because $304.4 million of investing outflows and $632.9 million of financing outflows exceeded operating cash generation.

Investor takeaway: The underlying operating trend is substantially better than it was in fiscal 2024 and early fiscal 2025, with faster revenue growth, expanding margins and stronger operating cash flow. However, investors should closely monitor debt levels, capital-spending returns and the unusually large Q4 interest-expense entry before relying on reported net income or EPS.

08/23/26 02:43 AM ETAI Generated. May Contain Errors.

Lumentum Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lumentum's financial year ends in June. Their financial year 2026 ended on June 27, 2026.

Lumentum's net income appears to be on an upward trend, with a most recent value of -$6.94 billion in 2026, falling from $9.30 million in 2016. The previous period was $25.90 million in 2025. Find out what analysts predict for Lumentum in the coming months.

Lumentum's total operating income in 2026 was $524.80 million, based on the following breakdown:
  • Total Gross Profit: $1.26 billion
  • Total Operating Expenses: $731.10 million

Over the last 10 years, Lumentum's total revenue changed from $903 million in 2016 to $3.01 billion in 2026, a change of 233.8%.

Lumentum's total liabilities were at $2.66 billion at the end of 2026, a 13.6% decrease from 2025, and a 1,279.4% increase since 2016.

In the past 10 years, Lumentum's cash and equivalents has ranged from $157.10 million in 2016 to $2.04 billion in 2026, and is currently $2.04 billion as of their latest financial filing in 2026.

Over the last 10 years, Lumentum's book value per share changed from 8.39 in 2016 to 59.69 in 2026, a change of 611.4%.


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Financial statements for NASDAQ:LITE last updated on 8/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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