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Lumentum Holdings Inc.

LITE NASDAQ Categories PDF
Technology · Communication Equipment · United States · Updated May 10, 3:30pm
$903.43
Price
$70.3B
Market Cap
7,257
Employees
1.53
Beta
Michael E. Hurlston
CEO
Business Description

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; vertical-cavity surface-emitting lasers; directly modulated and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.

Business History
Price Overview
Last updated: May 11, 2026 12:43pm (just now)
$1,050.01
+146.21 (+16.18%)
Day Range
$949.72 – $1,073.33
52-Week Range
$69.26 – $1,073.17
50-Day MA
$788.21
200-Day MA
$400.01
Volume
6,906,397.00
Analyst Price Targets
Low $380.00
Consensus $918.67
High $1,270.00
(72 analysts)
Share Structure
Outstanding 77,800,000.00
Float 71,087,682.00
Free Float 91.4%
High free float — 91.4% of shares trade freely, ~8.6% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
170.67
Stock Price: $903.43
EPS (Diluted): 0.38
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
5.76
Stock Price: $903.43
Total Equity: $1.13B
Shares: 69,600,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
153.19
Market Cap: $70.29B
Total Debt: $2.57B
Cash: $520.70M
EBITDA: $106.80M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$8.6B
Market Cap: $70.29B
Total Debt: $2.57B
Cash: $520.70M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
28.0%
Gross Profit: $459.90M
Revenue: $1.65B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-10.9%
Operating Income: -$180.10M
Revenue: $1.65B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
1.6%
Net Income: $25.90M
Revenue: $1.65B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
30.7%
Net Income: $25.90M
Total Equity: $1.13B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
3.7%
Operating Income: -$180.10M
Tax Rate: 115.0%
Equity: $1.13B
Total Debt: $2.57B
Cash: $520.70M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
4.37
Current Assets: $1.72B
Current Liabilities: $392.80M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
2.27
Short-Term Debt: $10.60M
Long-Term Debt: $2.56B
Total Debt: $2.57B
Total Equity: $1.13B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$23.64
Revenue: $1.65B
Shares: 69,600,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$16.30
Total Equity: $1.13B
Shares: 69,600,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-1.50
Operating CF: $126.30M
CapEx: -$231.00M
Shares: 69,600,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $903.43
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $25.90M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares LITE against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $1.7B $1.7B $1.8B $1.4B $1.6B
Cost of Revenue $924.0M $924.0M $1.2B $1.1B $1.2B
Gross Profit $788.6M $788.6M $569.0M $251.5M $459.9M
Operating Expenses $485.3M $485.3M $684.7M $685.5M $640.0M
Operating Income $303.3M $303.3M -$115.7M -$434.0M -$180.1M
Net Income $198.9M $198.9M -$131.6M -$546.5M $25.9M
EBITDA $482.4M $482.4M $188.7M -$81.6M $106.8M
EPS $2.79 $2.79 $-1.93 $-8.12 $0.38
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $774.3M $1.3B $859.0M $436.7M $520.7M
Total Current Assets $2.4B $3.1B $2.8B $1.6B $1.7B
Total Assets $3.6B $4.2B $4.6B $3.9B $4.2B
Current Liabilities $664.6M $716.5M $633.8M $269.3M $392.8M
Long-Term Debt $789.8M $1.5B $2.5B $2.5B $2.6B
Total Liabilities $1.6B $2.3B $3.3B $3.0B $3.1B
Total Equity $2.0B $1.9B $1.4B $957.3M $1.1B
Retained Earnings $220.9M -$129.1M -$340.6M -$887.1M -$861.2M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $738.7M $459.3M $179.8M $24.7M $126.3M
Capital Expenditure -$94.8M -$91.2M -$128.5M -$136.0M -$231.0M
Free Cash Flow $643.9M $368.1M $51.3M -$111.3M -$104.7M
Acquisitions (net) $0 $6.4M -$861.3M -$700.1M $48.1M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$275.7M -$543.9M -$175.6M $0 -$41.7M
Net Change in Cash $476.3M $515.9M -$431.2M -$422.3M $84.0M
Analyst Estimates (Annual)
Metric 2026 2027 2028 2029
Revenue $3.0B
$2.9B – $3.0B
 $5.6B
$5.1B – $6.2B
 $8.3B
$8.2B – $8.4B
 $12.2B
$10.5B – $13.5B
EBITDA $401.8M
$393.7M – $407.2M
 $750.9M
$684.5M – $833.8M
 $1.1B
$1.1B – $1.1B
 $1.6B
$1.4B – $1.8B
Net Income $573.1M
$532.6M – $613.6M
 $1.3B
$1.1B – $1.5B
 $2.0B
$1.8B – $2.2B
 $3.1B
$2.5B – $3.5B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +0.0% +3.2% -23.1% +21.0%
Gross Profit Growth +0.0% -27.8% -55.8% +82.9%
Operating Income Growth +0.0% -138.1% -275.1% +58.5%
Net Income Growth +0.0% -166.2% -315.3% +104.7%
EBITDA Growth +0.0% -60.9% -143.2% +230.9%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-02-27 Harris Isaac Hosojiro A-Award 611.00 $0.00 $0
2026-02-27 Harris Isaac Hosojiro F-InKind 220.00 $700.91 $154,200
2026-02-27 Ali Wajid S-Sale 200.00 $677.78 $135,556
2026-02-27 Ali Wajid S-Sale 424.00 $679.95 $288,299
2026-02-27 Ali Wajid S-Sale 500.00 $681.48 $340,741
2026-02-27 Ali Wajid S-Sale 200.00 $685.50 $137,099
2026-02-27 Ali Wajid S-Sale 160.00 $686.54 $109,847
2026-02-27 Ali Wajid S-Sale 475.00 $688.42 $326,998
2026-02-27 Ali Wajid S-Sale 155.00 $690.13 $106,970
2026-02-27 Ali Wajid S-Sale 731.00 $692.02 $505,869
2026-02-27 Ali Wajid S-Sale 450.00 $694.76 $312,644
2026-02-27 Ali Wajid S-Sale 355.00 $696.12 $247,122
2026-02-27 Ali Wajid S-Sale 300.00 $697.08 $209,125
2026-02-27 Ali Wajid S-Sale 1,108.00 $698.10 $773,494
2026-02-27 Ali Wajid S-Sale 244.00 $699.28 $170,624
2026-02-15 Wupen Yuen F-InKind 3,481.00 $562.74 $2.0M
2026-02-17 Wupen Yuen S-Sale 3,157.00 $538.00 $1.7M
2026-02-15 Retort Vincent F-InKind 3,039.00 $562.74 $1.7M
2026-02-17 Retort Vincent S-Sale 240.00 $530.80 $127,393
2026-02-17 Retort Vincent S-Sale 170.00 $532.72 $90,562
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27