Lumentum Holdings Inc.
LITE· Nasdaq· Communications Equipment, NEC
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 10.0%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +11.6%
We record prices for the companies we cover; LITE is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 74.6M
- Revenue
- $3.0B
- Free cash flow
- $300.1M
- Owner earnings
- $129.9M
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 41.7%
- Operating
- 17.4%
- Net
- -230.1%
- Free cash flow
- 10.0%
- Owner earnings
- 4.3%
- Stock pay
- 5.6%
Returns
- ROIC, FY2026
- –
- ROIC, 5 yr avg
- –
- ROE, FY2026
- -149.3%
- ROE, 5 yr avg
- -40.6%
Growth (CAGR)
- Revenue, 3 yr
- 19.5%
- Revenue, 5 yr
- 11.6%
- Revenue, 9 yr
- 13.0%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- 80.2%
- Free cash flow, 5 yr
- -14.4%
- Free cash flow, 9 yr
- –
Financial health · FY2026
- Cash and investments
- $2.7B
- Total debt
- $3.2B
- Net debt
- $495.9M
- Debt/Equity
- 0.7x
- Debt/FCF
- 10.8x
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -1.0%
Financials: ten years from the 10-Ks
Revenue
$3.0B
+13.0% a year over 9 years
FY2017FY2026
Margins
Gross41.7%Operating17.4%Net-230.1%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$300.1MOwner earnings$129.9M
FY2026
FY2017FY2026
Diluted shares
74.6M
+23.1% over 9 years, net dilution
FY2017FY2026
Net debt (below zero)
-$495.9M
$495.9M more debt than cash
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $1.0B | $1.2B | $1.6B | $1.7B | $1.7B | $1.7B | $1.8B | $1.4B | $1.6B | $3.0B |
| Revenue growth | 10.9% | 24.6% | 25.5% | 7.2% | 3.8% | -1.7% | 3.2% | -23.1% | 21.0% | 83.2% |
| 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 income | -$102.5M | $248.1M | -$36.4M | $135.5M | $397.3M | $198.9M | -$131.6M | -$546.5M | $25.9M | -$6.9B |
| Net margin | -10.2% | 19.9% | -2.3% | 8.1% | 22.8% | 11.6% | -7.4% | -40.2% | 1.6% | -230.1% |
| Diluted EPS | $-1.71 | $3.82 | $-0.54 | $1.75 | $5.07 | $2.68 | $-1.93 | $-8.12 | $0.37 | $-92.96 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $85.0M | $247.5M | $330.1M | $524.3M | $738.7M | $459.3M | $179.8M | $24.7M | $126.3M | $751.4M |
| Capital expenditure | $138.1M | $93.2M | $166.0M | $86.0M | $84.8M | $91.2M | $128.5M | $133.0M | $231.0M | $451.3M |
| Free cash flow | -$53.1M | $154.3M | $164.1M | $438.3M | $653.9M | $368.1M | $51.3M | -$108.3M | -$104.7M | $300.1M |
| Stock-based compensation | $32.7M | $46.8M | $60.7M | $73.2M | $92.9M | $103.1M | $148.4M | $128.8M | $177.2M | $170.2M |
| Owner earnings? | -$85.8M | $107.5M | $103.4M | $365.1M | $561.0M | $265.0M | -$97.1M | -$237.1M | -$281.9M | $129.9M |
| Free cash flow per share | $-0.88 | $2.44 | $2.32 | $5.65 | $8.34 | $4.96 | $0.75 | $-1.61 | $-1.50 | $4.02 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | $0 | $0 | $200.0M | $236.0M | $543.9M | $175.6M | $0 | $0 | – |
| Diluted shares | 60.6M | 63.3M | 70.7M | 77.6M | 78.4M | 74.2M | 68.3M | 67.3M | 69.6M | 74.6M |
| Share count change? | 2.5% | 4.5% | 11.7% | 9.8% | 1.0% | -5.4% | -8.0% | -1.5% | 3.4% | 7.2% |
| Balance sheet | ||||||||||
| Cash and equivalents | $272.9M | $397.3M | $432.6M | $298.0M | $774.3M | $1.3B | $859.0M | $436.7M | $520.7M | $2.0B |
| Short-term investments | $282.4M | $314.2M | $335.9M | $1.3B | $1.2B | $1.3B | $1.2B | $450.3M | $356.4M | $694.9M |
| Total debt | $457.3M | $456.7M | $351.9M | $1.5B | $1.5B | $2.4B | $2.8B | $2.5B | $2.6B | $3.2B |
| Net debt | -$98.0M | -$254.8M | -$416.6M | -$15.2M | -$413.7M | -$138.1M | $798.0M | $1.6B | $1.7B | $495.9M |
| Shareholders' equity | $618.8M | $926.1M | $1.5B | $1.7B | $2.0B | $1.9B | $1.4B | $957.3M | $1.1B | $4.6B |
Latest filings
| 2026-10-06 | DEF 14A | Proxy statement |
| 2026-08-17 | 10-K | Annual report |
| 2026-08-11 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-05 | 8-K | Earnings release |
| 2026-02-04 | 10-Q | Quarterly report |
| 2026-02-03 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-11-04 | 8-K | Earnings release |
| 2025-10-07 | DEF 14A | Proxy statement |
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