Lumentum (LITE): financials, SEC filings and peers
Lumentum (LITE) is a communications equipment company in the Information Technology sector of the S&P 500, headquartered in San Jose, California.
It was founded in 2015 and joined the S&P 500 on March 23, 2026.
Its fiscal year ends in June, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Communications Equipment, NEC”.
Lumentum at a glance
- Revenue (12 months)
- $3.7B
- Revenue growth
- +103.2%
- Operating margin
- 23.5%
- Net income (12 months)
- −$6.6B
- Free cash flow (12 months)
- $356M
- Cash
- $1.3B
- Debt
- $2.8B
- Diluted EPS (12 months)
- $-89.62
Twelve months to September 26, 2026, from the 10-Q filed November 3, 2026.
Latest twelve months
Over the twelve months to September 26, 2026, Lumentum reported revenue of $3.7 billion, up a strong 103.2% from $1.8 billion a year earlier.
Its operating margin was 23.5%, up 28.4 percentage points from a year earlier: for every $100 of sales, about $23 was left as operating profit.
Lumentum reported a net loss of $6.6 billion over the period.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
Operating cash flow was $961 million and capital spending $605 million, leaving free cash flow of $356 million (9.5% of revenue). Capital spending equal to 16% of revenue is high; the company is investing heavily.
At the end of the period it held $1.3 billion in cash and $2.8 billion in debt, a net debt position of $1.5 billion.
The diluted share count rose 29.9% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $1.7 billion in fiscal 2021 to $3.0 billion in fiscal 2026, about 11.6% a year.
- Operating margin narrowed from 30.2% to 17.4% over the same years.
- Free cash flow was negative in 2 of the last 6 fiscal years.
- Lumentum reported a net loss in 3 of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.8B | $1.4B | $1.6B | $3.0B |
| Revenue growth | -1.7% | 3.2% | -23.1% | 21.0% | 83.2% |
| Operating margin | 17.7% | -6.5% | -31.9% | -10.9% | 17.4% |
| Net income | $199M | −$132M | −$547M | $26M | −$6.9B |
| Free cash flow | $368M | $51M | −$108M | −$105M | $300M |
| Diluted EPS | $2.68 | $-1.93 | $-8.12 | $0.37 | $-92.96 |
Fiscal years as reported in Lumentum’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
Companies like Lumentum
Other S&P 500 companies in Communications Equipment:
- ANETArista NetworksSanta Clara, California
- CIENCienaHanover, Maryland
- CSCOCiscoSan Jose, California
- FFIVF5, Inc.Seattle, Washington
- MSIMotorola SolutionsChicago, Illinois
More from Information Technology
Questions about Lumentum
Is Lumentum's revenue growing?
Yes. Revenue for the twelve months to September 26, 2026 was $3.7 billion, up 103.2% from a year earlier, according to its SEC filings.
Is Lumentum profitable?
Not over the latest twelve months: it reported a net loss of $6.6 billion for the period to September 26, 2026.
Does Lumentum have more cash or more debt?
At September 26, 2026 it had $1.3 billion in cash and $2.8 billion in debt, so more debt than cash.
When did Lumentum last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 3, 2026.
Which companies are similar to Lumentum?
In the S&P 500, Lumentum is grouped in Communications Equipment within the Information Technology sector. Arista Networks (ANET), Ciena (CIEN), Cisco (CSCO), F5, Inc. (FFIV), Motorola Solutions (MSI) are in the same group.
Understand the numbers
Source: Lumentum’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.