Lumentum Holdings Inc.

Communications Equipment, Nec

LITEStrong7 of 9 basics passed

$1 103.36

+5.22%

Market cap $100.0B

$1 103.36

+5.22%

Market cap $100.0B

Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses.

It is a $100.0B technology company. Revenue grew 83.2% over the last year, and it currently loses money.

Website: lumentum.com
Location: San Jose, CA
Employees: 13 757
Sector: Technology
Founded: 2015

Share price · 3 years

$42.00 → $1 103.36+2527.0%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $3.01B
Loss: spends more than it earns; -$6.94B
Free cash flow: cash left after running the business; $300M
Shares: up 26% since 2016 — dilution; 74.6M
Volatility: beta vs the market — under 1 swings less; 1.62

Revenue, last 10 years

52-week range

Low $149.61$1 103.36High $1 133.40

Today's price is 97% of the way from the year's low to its high.

P/E vs its history5y

225.0×median 43.3×

Higher than 95% of past days — near the highest of its own history.

Valuation vs own history

P/E

225.0×

P/S

39.8×

EV/EBITDA

412.9×

20%

P/B

21.3×

13%

FCF yield

0.1%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$32.2Mnet selling

Purchases$0

Sales$32.2M

Insiders trading, last 14d0 buy · 1 sell

Standing in Technology

Size$100.0Btop 20%
Revenue growth+19%top 27%
Net margin-230%top 99%
Return on equity-300%top 100%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Profitability, Quality and Moat lag behind.

Valuation5

P/E vs own history95th pct · 0/25
FCF yield0.3% · 5/25
P/S33.2x · 0/25
EV/EBITDA307.5x · 0/25

Growth20

Revenue CAGR15.2% · 20/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growthn/a · 0/25

Profitability0

ROICn/a · 0/25
ROE-300.1% · 0/25
Net margin-230.1% · 0/25
Operating margin-239.0% · 0/25

Health53

Altman Z17.97 · 25/25
Current ratio1.68 · 18/25
Interest coverage4.5x · 10/25
Net cash / debtn/a · 0/25

Quality46

Piotroski F5/9 · 15/25
Beneish M-6.17 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 15.9% · 6/25

Moat36

ROIC >12% years4/8 yrs · 13/25
Median gross margin32.2% · 13/25
FCF-positive years8/11 yrs · 10/25
Worst-year net marginworst -230.1% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2021Financial
Best year on record
$397M net income
FY2017Financial
Revenue crossed $1B
$1.00B for the year
FY2016Financial
First recorded profitable year
$9.30M net income
Aug 1, 2015Founded
Lumentum was founded on August 1, 2015 as a spinoff from JDSU
2015Product
It was created in 2015 as a spinoff from JDSU

Achievements

Verifiable track record, straight from the reported numbers.

#44 largest of 220 Technology companies by market cap

$10 000 invested in 2021 would be worth ~$128 431 today — price return only

$3.0B revenue in FY2026

Revenue up 83.2% year over year

13 757 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (41.7%)
Revenue growing 83.2% year over year
Altman Z-Score 17.97 — low bankruptcy-risk zone

Watch-outs

Not profitable — 230.1% net margin
Loss-making in 5 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 9 checks passed

Revenue growing — the company sells more than a year ago+83.2% YoY
Profitable — makes more than it spends-$6.94B TTM
Profit growing — earnings are higher than last year-26876.4% YoY
Generates cash — cash left after running and investing$300M TTM
Debt under control — could handle its obligationscurrent ratio 1.68
Established company — not a micro-cap — lower blow-up risk$100.0B market cap
Not printing shares — share count not ballooning — you keep your slice-4.8% shares over ~5y
Proven track record — years of profitability behind it6/11 profitable years
Financially stable — balance sheet not near distressAltman Z 18.0 — safe
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsno data

Peer comparisonLumentum Holdings Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
LITE this company	$100.0B	—	+83.2%	-230.1%	Strong
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: LITE vs NVDA · LITE vs AAPL · LITE vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 9Buy 21Hold 5

Appendix · Financial records

The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.

Profit & lossRevenue $3.01B · net income -$6.94B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2026 revenue flows to profit

RevenueNet income

Revenue (TTM)

$3.01B

YoY 83.2%

Net income (TTM)

-$6.94B

Margin -230.1%

Gross margin

41.7%

Operating margin

-239.0%

Income statement — full detail

Figures in USD billions · EPS in USD

	2021	2022	2023	2024	2025	2026
Revenue	1.7	1.7	1.8	1.4	1.6	3.0
Gross profit	0.8	0.8	0.6	0.3	0.5	1.3
Operating income (EBIT)	0.5	0.3	-0.1	-0.4	-0.2	0.5
Net income	0.4	0.2	-0.1	-0.5	0.0	-6.9
EPS (diluted)	5.07	2.68	-1.93	-8.12	0.37	-92.96

Cash flowFree cash flow $300M · operating cash flow $751M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$300M

Margin 10.0%

Operating cash flow (TTM)

$751M

FCF margin

4.6%

Cash flow statement — full detail

Figures in USD billions

	2021	2022	2023	2024	2025	2026
Operating cash flow	0.7	0.5	0.2	0.0	0.1	0.8
Capital expenditure	-0.1	-0.1	-0.1	-0.1	-0.2	-0.5
Free cash flow	0.7	0.4	0.1	-0.1	-0.1	0.3
FCF margin	37.5%	21.5%	2.9%	-8.0%	-6.4%	10.0%

Balance sheetAssets — · debt n/a (FY2026)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

Altman Z-Score

17.97

Safe zone

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

4.5x

EBIT ÷ interest expense

ROE

-300.1%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2021	2022	2023	2024	2025	2026
Cash & equivalents	1.9	2.5	2.0	0.9	0.9	—
Total assets	3.6	4.2	4.6	3.9	4.2	—
Total liabilities	1.6	2.3	3.3	3.0	3.1	—
Total debt	—	—	—	—	2.6	—
Equity	2.0	1.9	1.4	1.0	1.1	—
Net debt	—	—	—	—	1.7	—

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of LITE on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $1 103.36 · market cap $100.0B.