Lumentum Holdings Inc. LITE SPXAI

Technology · Communication Equipment · United States

https://www.lumentum.com

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It operates through two segments, Cloud & Networking and Industrial Tech. The Cloud & Networking segment offers optical and photonic chips, components, modules, and subsystems supplied to cloud data center operators, AI/ML infrastructure providers, and network equipment manufacturer customers that are building cloud data centers and network infrastructures. Its Industrial Tech segment provides short-pulse solid-state lasers, kilowatt-class fiber lasers, diode lasers, and gas lasers that serves the semiconductor device, solar cell, display, and electric vehicle and battery manufacturing markets. The company was incorporated in 2015 and is headquartered in San Jose, California.

Market & Price

Market Cap

$66.52B

Current Price

$854.96

High / Low (52W)

$1,053.09 / $72.28

Beta

1.53

Valuation

Stock P/E

151.59

Industry PE

32.74

Forward P/E

47.23

PEG Ratio

0.63

Book Value

$11.86

Price to Book

72.11

P/S

26.73

EV/EBITDA

120.76

Dividend Yield

Profitability & Returns

ROCE

-3.92%

ROE

22.83%

ROA

2.89%

Profit Margin

17.68%

Op Margin

21.77%

EPS (Latest Qtr)

$1.50

EPS (TTM)

$5.64

Balance Sheet & Liquidity

Debt/Equity

1.11

Quick Ratio

0.94

Current Ratio

1.14

Debt

$3.31B

Total Assets

$4.22B

Current Assets

$1.72B

Working Capital

$1.32B

Ownership

Promoter Holding

0.77%

Chg in Prom Hold

FII / Inst Holding

102.74%

Chg in FII Hold

0.02%

Financial Snapshot

Enterprise Value

$61.44B

Total Revenue (TTM)

$2.49B

EBITDA

$508.80M

Free Cash Flow

$93.35M

Operating Cash Flow

$452.40M

Shares Outstanding

77.80M

Gross Margin

40.84%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

-1.33%

Profit 5Y

-49.31%

Revenue (YoY)

90.10%

Earnings (YoY)

PROS

Strong return on equity of 22.8%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 151.6.
Revenue declined at -1.3% CAGR over 5 years.
Earnings shrank at -49.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	LITE Lumentum Holdings Inc. SPXAI	854.96	151.59	$66.52B	-	-3.92%	22.83%	-1.33%	-49.31%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Apr 2016	Jul 2016	Oct 2016	Dec 2016	Apr 2017	Jul 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Apr 2021	Jul 2021	Oct 2021	Jan 2022	Apr 2022	Oct 2022	Dec 2022	Apr 2023	Sep 2023	Dec 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	446.70M	395.40M	506.80M	506.00M	383.40M	317.60M	366.80M	366.50M	336.90M	-	425.20M	480.70M	533.80M	665.50M	808.40M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	302.70M	320.80M	352.30M	425.40M	451.40M
Gross Profit	66.90M	68.10M	62.80M	79.50M	81.70M	87.00M	82.10M	67.30M	68.50M	171.10M	97.00M	95.50M	126.00M	124.80M	88.30M	86.80M	167.70M	189.10M	157.70M	135.70M	205.70M	229.60M	185.00M	162.80M	232.20M	207.50M	167.20M	201.20M	166.20M	112.00M	76.70M	64.00M	59.50M	77.90M	-	122.50M	159.90M	181.50M	240.10M	357.00M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187.90M	163.10M	166.50M	176.20M	181.40M
Operating Income	-2.50M	6.20M	-2.30M	10.10M	16.80M	13.30M	13.60M	3.90M	2.70M	90.80M	25.50M	20.90M	57.10M	11.50M	-76.40M	-13.80M	59.80M	74.80M	42.50M	27.00M	99.00M	115.30M	266.90M	45.80M	115.90M	85.20M	46.80M	13.50M	-21.90M	-51.40M	-80.80M	-105.20M	-114.60M	-82.40M	-	-65.40M	-3.20M	15.00M	63.90M	175.60M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26.60M	55.10M	73.10M	167.40M	256.60M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.70M	5.40M	5.70M	6.30M	6.20M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39.20M	-11.40M	5.20M	96.50M	183.80M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.90M	-224.70M	1.00M	18.30M	39.60M
Net Income	-200.00K	2.80M	-7.60M	14.30M	-3.40M	11.80M	-56.00M	-54.90M	7.10M	204.80M	2.70M	33.50M	47.40M	16.30M	-74.30M	-25.80M	47.60M	49.10M	43.40M	-4.60M	67.10M	83.20M	225.50M	21.50M	81.50M	56.70M	26.00M	-400.00K	-31.70M	-39.30M	-67.90M	-99.10M	-127.00M	-82.40M	-	-44.10M	213.30M	4.20M	78.20M	144.20M
Diluted EPS	3.29	0.05	-0.13	0.23	-0.06	0.11	-0.92	-0.90	0.04	3.05	0.04	0.40	0.72	0.08	-0.98	-0.34	0.61	0.63	0.56	-0.06	0.86	1.06	2.85	0.28	1.08	0.75	0.35	-0.01	-0.46	-0.57	-1.02	-1.47	-1.88	-1.21	-	-0.64	2.96	0.05	0.89	1.50
R&D Expense	34.40M	35.00M	35.30M	36.40M	36.90M	38.70M	37.30M	35.40M	36.30M	43.80M	38.20M	38.50M	34.60M	42.80M	57.70M	49.50M	49.90M	51.00M	48.70M	49.00M	50.40M	52.80M	57.20M	54.10M	54.10M	53.20M	56.70M	72.70M	75.80M	85.40M	73.50M	78.30M	77.20M	74.30M	74.20M	75.90M	-	81.40M	80.10M	90.60M

Profit & Loss (Annual)

Figures in USD.

Metric	Jun 2013	Jun 2014	Jun 2015	Jul 2016	Jul 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jul 2021	Jun 2022	Jul 2022	Jun 2023	Jul 2023	Jun 2024	Jun 2025
Revenue	-	-	-	-	-	-	-	-	-	-	1.71B	1.71B	1.77B	1.77B	1.36B	1.65B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	924.00M	-	1.20B	-	1.11B	1.19B
Gross Profit	222.80M	256.60M	257.90M	277.30M	318.10M	432.10M	425.90M	650.20M	-	783.10M	788.60M	788.60M	569.00M	569.00M	251.50M	459.90M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	486.40M	-	656.60M	-	612.90M	652.10M
Operating Income	3.90M	8.70M	-23.40M	11.50M	47.60M	139.90M	-21.60M	204.10M	-	527.00M	302.20M	303.30M	-87.60M	-115.70M	-361.40M	-192.20M
EBITDA	-	-	-	-	-	-	-	-	-	-	482.40M	-	188.70M	-	-81.60M	106.80M
Interest Expense	-	-	-	-	-	-	-	-	-	-	80.20M	-	35.50M	-	33.80M	22.20M
Pretax Income	-	-	-	-	-	-	-	-	-	-	235.10M	-	-102.40M	-	-405.70M	-172.10M
Tax Provision	-	-	-	-	-	-	-	-	-	-	36.20M	-	29.20M	-	140.80M	-198.00M
Net Income	-	10.70M	-3.40M	9.30M	-102.50M	248.10M	-36.40M	135.50M	-	397.30M	198.90M	198.90M	-131.60M	-131.60M	-546.50M	25.90M
Diluted EPS	-	0.18	-0.06	-0.05	-1.71	3.82	-0.54	1.75	-	5.07	2.68	2.68	-1.93	-1.93	-8.12	0.37
R&D Expense	113.70M	134.90M	140.80M	141.10M	148.30M	156.80M	184.60M	198.60M	-	214.50M	-	220.70M	-	307.80M	302.20M	303.90M

Compounded Sales Growth

5 Years:	-1.33%
1 Year:	90.10%

Compounded Profit Growth

5 Years:	-49.31%
1 Year:	-

Stock Price Performance

1 Year:	+1,082.84%
6 Months:	+193.53%
3 Months:	+21.98%
1 Month:	-0.39%

Balance Sheet (Annual)

Figures in USD.

Metric	Jun 2012	Jun 2013	Jun 2014	Jun 2015	Jul 2016	Jul 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jul 2021	Jun 2022	Jul 2022	Jun 2023	Jul 2023	Jun 2024	Jun 2025
Total Assets	-	-	492.10M	512.60M	726.30M	1.23B	1.58B	2.72B	3.29B	-	3.55B	4.16B	4.16B	4.63B	4.63B	3.93B	4.22B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	3.14B	-	2.78B	-	1.59B	1.72B
Cash & Equivalents	13.30M	7.80M	19.90M	14.50M	157.10M	272.90M	397.30M	432.60M	298.00M	-	774.30M	1.29B	1.29B	859.00M	859.00M	436.70M	520.70M
Inventory	-	-	-	-	-	-	-	-	-	-	-	250.10M	-	408.60M	-	398.40M	470.10M
Receivables	-	-	-	-	-	-	-	-	-	-	-	262.00M	-	246.10M	-	194.70M	250.00M
Total Liabilities	-	-	-	132.00M	193.10M	578.30M	619.60M	1.22B	1.54B	-	1.58B	2.29B	2.29B	3.28B	3.28B	2.97B	3.08B
Current Liabilities	-	-	136.90M	122.20M	173.70M	184.20M	214.00M	294.00M	283.00M	-	664.60M	716.50M	716.50M	633.80M	633.80M	269.30M	392.80M
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	1.47B	-	2.50B	-	2.50B	2.56B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	1.94B	-	2.87B	-	2.56B	2.61B
Total Equity	-	281.80M	335.60M	380.60M	497.40M	618.80M	926.10M	1.50B	1.75B	-	1.97B	1.88B	1.88B	1.36B	1.36B	957.30M	1.13B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	68.00M	-	66.40M	-	67.90M	69.80M

Cash Flows (Annual)

Figures in USD.

Metric	Jun 2013	Jun 2014	Jun 2015	Jul 2016	Jul 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jul 2021	Jun 2022	Jul 2022	Jun 2023	Jul 2023	Jun 2024	Jun 2025
Operating Cash Flow	54.90M	62.80M	9.40M	86.60M	85.00M	247.50M	330.10M	524.30M	-	738.70M	459.30M	459.30M	179.80M	179.80M	24.70M	126.30M
Investing Cash Flow	-31.90M	-76.90M	-53.50M	-82.00M	-425.70M	-127.00M	-779.70M	-987.70M	-	1.00M	-226.30M	-226.30M	-874.00M	-874.00M	-114.30M	-84.10M
Financing Cash Flow	-27.70M	26.20M	40.60M	136.40M	456.70M	3.80M	485.10M	328.80M	-	-263.40M	282.90M	282.90M	263.00M	263.00M	-332.70M	41.80M
Capital Expenditure	-31.90M	-64.20M	-53.70M	-82.00M	-138.10M	-93.20M	-166.00M	-86.00M	-	-84.80M	-91.20M	-91.20M	-128.50M	-128.50M	-137.00M	-231.00M
Free Cash Flow	23.00M	-1.40M	-44.30M	4.60M	-53.10M	154.30M	164.10M	438.30M	-	653.90M	368.10M	368.10M	51.30M	51.30M	-112.30M	-104.70M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	515.90M	-	-431.20M	-	-422.30M	84.00M
Share Buybacks	-	-	-	-	-	0	0	200.00M	-	236.00M	-	543.90M	-	175.60M	0	0

Ratios (Annual)

Figures in %.

Metric	Jun 2013	Jun 2014	Jun 2015	Jul 2016	Jul 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jul 2021	Jun 2022	Jul 2022	Jun 2023	Jul 2023	Jun 2024	Jun 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	46.0%	46.0%	32.2%	32.2%	18.5%	28.0%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	17.6%	17.7%	-5.0%	-6.5%	-26.6%	-11.7%
Net Margin %	-	-	-	-	-	-	-	-	-	-	11.6%	11.6%	-7.4%	-7.4%	-40.2%	1.6%
ROE %	-	3.2%	-0.9%	1.9%	-16.6%	26.8%	-2.4%	7.7%	-	20.1%	10.6%	10.6%	-9.7%	-9.7%	-57.1%	2.3%
ROCE %	-	2.4%	-6.0%	2.1%	4.5%	10.2%	-0.9%	6.8%	-	18.3%	8.8%	8.8%	-2.2%	-2.9%	-9.9%	-5.0%

Shareholding Pattern

Insiders

0.77%

Institutions

102.74%

Public Float

103.54%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	10.07%	7.84M	$6.70B
2	FMR, LLC	9.24%	7.19M	$6.14B
3	Vanguard Capital Management LLC	5.96%	4.64M	$3.97B
4	Vanguard Portfolio Management LLC	4.76%	3.70M	$3.16B
5	State Street Corporation	3.91%	3.04M	$2.60B
6	JPMORGAN CHASE & CO	3.78%	2.94M	$2.51B
7	Geode Capital Management, LLC	2.73%	2.13M	$1.82B
8	UBS Group AG	1.82%	1.41M	$1.21B
9	WT Asset Management Ltd	1.77%	1.38M	$1.18B
10	Capital World Investors	1.69%	1.31M	$1.12B

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for LITE

No recent headlines available.

LITE · Technology