Lumentum Holdings Inc. logo

Lumentum Holdings Inc.

LITE

NASDAQTechnologyCommunication Equipment

Regular session

$826.68

−$40.035 · -4.62%

Aug 24, 12:12 PM ETData delayed

LITE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

26

Expensive

Momentum

45

Neutral

Sentiment

53

Mixed

Risk resilience

47

Elevated Risk

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Company profile

Company website

Lumentum Holdings Inc., established in 2015 and headquartered in San Jose, California, is a global leader in optical and photonic product manufacturing. The company's reach extends across the Americas, Asia-Pacific, Europe, the Middle East, and Africa. Lumentum operates through two principal business units: Optical Communications (OpComms) and Commercial Lasers. The OpComms segment develops and supplies components, modules, and subsystems essential for transmitting video, audio, and data across high-capacity fiber optic networks. Its offerings encompass a wide range of products, including tunable transponders, transceivers, and transmitter modules, alongside various tunable lasers, receivers, and modulators. Furthermore, this segment provides critical transport products such as reconfigurable optical add/drop multiplexers (ROADMs), optical amplifiers, and optical channel monitors. A comprehensive suite of components is also available, featuring 980nm, multi-mode, and Raman pumps; switches; attenuators; photodetectors; gain flattening filters; isolators; wavelength-division multiplexing (WDM) filters; arrayed waveguide gratings (AWGs); multiplex/de-multiplexers; and integrated passive modules. Distinctive innovations from this segment include the Super Transport Blade, which integrates multiple optical transport functions into a single unit; vertical-cavity surface-emitting lasers (VCSELs); directly modulated and electro-absorption modulated lasers; and advanced laser illumination sources for 3D sensing systems. OpComms serves key clientele in the telecommunications, data communications, consumer, and industrial markets. Conversely, the Commercial Lasers segment produces an array of laser technologies, such as diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers. These are primarily utilized in original equipment manufacturer (OEM) applications. This segment's laser solutions cater to a broad spectrum of markets and uses, including sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining.

Industry
Communication Equipment
Sector
Technology
Headquarters
US
CEO
Michael E. Hurlston
Listed since
Jul 23, 2015
Employees
13,757

Market position

Day range

Current $826.68

52-week range

Current $826.68

Open
$822
Previous close
$866.71
Volume
2.26M
0.42× average
Average volume
5.45M
Average daily volume
Market cap
64.17B USD
Beta
1.51
Market reference 1
50-day average
$814.41
+1.51% above average
200-day average
$652.62
+26.67% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
60.57B USD
P/E (TTM)
-8.9×
P/B (TTM)
13.3×
P/S (TTM)
21.37×
EV / EBITDA
-8.63×
Earnings yield
-11.38%
Free cash flow yield
0.49%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
41.67%
Operating margin
17.41%
Net margin
-230.10%
Return on equity
-149.34%
Return on assets
-94.90%
Return on invested capital
7.88%

Financial health

Debt / equity
0.36×
Current ratio
1.68×
Altman Z-score
11.15
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends74%-37%-147%-258%Gross margin, FY2022: 46.05%Gross margin, FY2023: 32.20%Gross margin, FY2024: 18.50%Gross margin, FY2025: 27.96%Gross margin, FY2026: 41.67%Operating margin, FY2022: 17.65%Operating margin, FY2023: -4.96%Operating margin, FY2024: -26.59%Operating margin, FY2025: -11.68%Operating margin, FY2026: 17.41%Net margin, FY2022: 11.61%Net margin, FY2023: -7.45%Net margin, FY2024: -40.21%Net margin, FY2025: 1.57%Net margin, FY2026: -230.10%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 46.05%. Gross margin FY2023 32.20%. Gross margin FY2024 18.50%. Gross margin FY2025 27.96%. Gross margin FY2026 41.67%. Operating margin FY2022 17.65%. Operating margin FY2023 -4.96%. Operating margin FY2024 -26.59%. Operating margin FY2025 -11.68%. Operating margin FY2026 17.41%. Net margin FY2022 11.61%. Net margin FY2023 -7.45%. Net margin FY2024 -40.21%. Net margin FY2025 1.57%. Net margin FY2026 -230.10%.

Income trends

Revenue

3.01B USD+83.22%

Operating income

524.8M USD+717M USD

Net income

−6.94B USD−6.96B USD
Income trends across reported periods4.01B USD29.27M USD−3.95B USD−7.93B USDRevenue, FY2022: 1.71B USDRevenue, FY2023: 1.77B USDRevenue, FY2024: 1.36B USDRevenue, FY2025: 1.65B USDRevenue, FY2026: 3.01B USDOperating income, FY2022: 302.2M USDOperating income, FY2023: −87.6M USDOperating income, FY2024: −361.4M USDOperating income, FY2025: −192.2M USDOperating income, FY2026: 524.8M USDNet income, FY2022: 198.9M USDNet income, FY2023: −131.6M USDNet income, FY2024: −546.5M USDNet income, FY2025: 25.9M USDNet income, FY2026: −6.94B USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.71B USD. Revenue FY2023 1.77B USD. Revenue FY2024 1.36B USD. Revenue FY2025 1.65B USD. Revenue FY2026 3.01B USD. Operating income FY2022 302.2M USD. Operating income FY2023 −87.6M USD. Operating income FY2024 −361.4M USD. Operating income FY2025 −192.2M USD. Operating income FY2026 524.8M USD. Net income FY2022 198.9M USD. Net income FY2023 −131.6M USD. Net income FY2024 −546.5M USD. Net income FY2025 25.9M USD. Net income FY2026 −6.94B USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue3.01B USD1.65B USD1.36B USD1.77B USD1.71B USD
Cost of goods sold1.76B USD1.19B USD1.11B USD1.2B USD924M USD
Gross profit1.26B USD459.9M USD251.5M USD569M USD788.6M USD
Research and development356.5M USD303.9M USD302.2M USD307.8M USD220.7M USD
Selling, general, and administrative363.2M USD348.2M USD310.7M USD348.8M USD265.7M USD
Operating expenses731.1M USD652.1M USD612.9M USD656.6M USD486.4M USD
Interest income34.4M USD61.3M USD40.8M USD6.1M USD
Interest expense21.8M USD22.2M USD33.8M USD35.5M USD80.2M USD
Depreciation and amortization135.7M USD256.7M USD290.3M USD255.6M USD167.1M USD
Operating income524.8M USD−192.2M USD−361.4M USD−87.6M USD302.2M USD
Net income−6.94B USD25.9M USD−546.5M USD−131.6M USD198.9M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

25 ratings
Strong buy14%
Buy1768%
Hold728%
Sell00%
Strong sell00%

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