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NASDAQ NMS - GLOBAL MARKET · Communications · CIK 0001633978
$752.54
-11.54% · delayed ~15 min
Last price from Oct 22, 2026
$66.68B market value
From Lumentum Holdings Inc.'s FY2026 10-K, filed Aug 17, 2026 · read the filing
Lumentum makes communications equipment. It took in $3.01B last year, which makes it a mid-sized company. It spends more than it earns — losing about 230 cents on every dollar of sales.
The financial picture is led by growth and debt, while profitability remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From Lumentum Holdings Inc.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Revenue
$1.65B → $3.01B
Gross profit
$459.9M → $1.26B
Operating income
-$180.1M → $524.8M
Profit
$25.9M → -$6.94B
Measured against FY2025, from the 10-K filed Aug 17, 2026
Improved: +83.2%
$1.65B to $3.01BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote delayed ~15 min), and what was published around it
LITE fell 11.54% on the latest quote. The average Technology company tracked here moved −1.27%, and the S&P 500 −1.04%. That is 10.3 points below its sector and 10.5 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 39% a year for the next 10 years. Over the last 10 years it grew by about 52% a year.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $6.94B last year, losing about 230 cents on every dollar of sales.
Yes, quickly. Sales grew 83.2% last year.
No — it holds more cash than debt, with $406.1M left over after paying off every borrowing. For every $1 it owes, it owns $2.74 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it lost $6.94B and generated $751.4M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Aug 17, 2026Filing for FY2026 | FY202510-K · Aug 19, 2025Filing for FY2025 | FY202410-K · Aug 19, 2025Filing for FY2024 | FY202310-K · Aug 21, 2024Filing for FY2023 | FY202210-K · Aug 21, 2024Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $3.01B | $1.65B | $1.36B | $1.77B | $1.71B | +83.2% |
| Cost of revenue | $1.68B | $1.10B | $1.02B | $1.11B | $861.1M | +52.4% |
| Gross profit | $1.26B | $459.9M | $251.5M | $569.0M | $788.6M | +173.1% |
| Gross marginGross profit ÷ revenueWhat is this? | 41.7% | 28.0% | 18.5% | 32.2% | 46.0% | +13.7 pts |
| Selling, general and administrative | $363.2M | $348.2M | $310.7M | $348.8M | $265.7M | +4.3% |
| Operating income | $524.8M | -$180.1M | -$434.0M | -$115.7M | $303.3M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | 17.4% | -10.9% | -31.9% | -6.5% | 17.7% | +28.4 pts |
| Interest expense | $21.8M | $22.2M | $33.8M | $35.5M | $80.2M | −1.8% |
| Net income | -$6.94B | $25.9M | -$546.5M | -$131.6M | $198.9M | n/m |
| Net marginNet income ÷ revenueWhat is this? | -230.1% | 1.6% | -40.2% | -7.4% | 11.6% | −231.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-78.27 | $0.3711 | $-8.05 | $-1.98 | $2.92 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| LITELumentum Holdings Inc. · this page | 7.3/10 | 5/9 | 83.2% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 24,542 shares at $1.0K ($25.7M)
Holds 75,074 shares after this filing.
Sold on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Proxy statement for a shareholder meeting
Read the filingAnnual report for FY2026
Revenue +83.2% · Operating margin +28.4 pts · Gross profit +173.1% — against FY2025
Read the filingWrite down why you are following Lumentum Holdings Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 51 subsidiaries named in its 10-K, incorporated across 22 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from LITE's 10-K for fiscal year 2026 (period ending 2026-06-27, filed Aug 17, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 4.7 | 5/9 | 10-K, filed Aug 17, 2026 |
| FY2025 | 6.0 | 7/9 | 10-K, filed Aug 19, 2025 |
| FY2024 | 2.0 | 3/8 | 10-K, filed Aug 21, 2024 |
| FY2023 | 3.3 | 4/8 | 10-K, filed Aug 23, 2023 |
| FY2022 | 7.3 | 6/9 | 10-K, filed Aug 24, 2022 |
| FY2021 | 8.7 | 7/9 | 10-K, filed Aug 31, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
14.45
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +173.1%
$459.9M to $1.26BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: turned positive
-$180.1M to $524.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$25.9M to -$6.94BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +13.7 pts
28.0% to 41.7%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +28.4 pts
-10.9% to 17.4%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −231.7 pts
1.6% to -230.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: turned positive
-$104.7M to $300.1MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: turned negative
$0.37 to -$78.27Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -98.4%
$2.56B to $40.5MCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +292.5%
$520.7M to $2.04BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +26.9%
69.8M to 88.6MCritical
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: +95.4%
$231.0M to $451.3MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 35% and 42%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 34 analysts covering this company, as of . Their views, not this site's.
Of 34 analysts publishing on this company, 8 say strong buy, 21 say buy and 5 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 8.4% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 365.3x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
| -230.1% |
| — |
| 0.57x |
| CSCOCISCO SYSTEMS, INC. | 9.0/10 | 7/9 | 11.8% | 21.0% | 31.20x | 1.58x |
|---|
| ANETArista Networks, Inc. | 10.0/10 | 5/8 | 28.6% | 39.0% | 61.21x | 0.57x |
|---|
| MSIMotorola Solutions, Inc. | 9.0/10 | 6/9 | 8.0% | 18.4% | 36.76x | 7.05x |
|---|
| FFIVF5, INC. | 8.7/10 | 7/8 | 9.7% | 22.4% | 37.50x | 0.76x |
|---|
| Median of peers | 9.0/10 | — | 10.7% | 21.7% | 37.13x | 1.17x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Holds 108,627 shares after this filing.
Sold on the open market — 307 shares at $945.00 ($290.1K)
Holds 108,320 shares after this filing.
Sold on the open market — 500 shares at $921.07 ($460.5K)
Holds 109,627 shares after this filing.
Sold on the open market — 500 shares at $935.75 ($467.9K)
Holds 109,127 shares after this filing.
Sold on the open market — 500 shares at $959.27 ($479.6K)
Holds 111,127 shares after this filing.
Sold on the open market — 500 shares at $935.55 ($467.8K)
Holds 110,627 shares after this filing.
Sold on the open market — 500 shares at $946.56 ($473.3K)
Holds 110,127 shares after this filing.
Sold on the open market — 500 shares at $856.83 ($428.4K)
Holds 112,627 shares after this filing.
Sold on the open market — 500 shares at $933.45 ($466.7K)
Holds 112,127 shares after this filing.
Sold on the open market — 500 shares at $920.00 ($460.0K)
Holds 111,627 shares after this filing.
Sold on the open market — 500 shares at $944.41 ($472.2K)
Holds 114,127 shares after this filing.
Sold on the open market — 500 shares at $862.14 ($431.1K)
Holds 113,627 shares after this filing.
Sold on the open market — 500 shares at $841.51 ($420.8K)
Holds 113,127 shares after this filing.
Sold on the open market — 500 shares at $895.99 ($448.0K)
Holds 115,627 shares after this filing.
Sold on the open market — 500 shares at $978.54 ($489.3K)
Holds 115,127 shares after this filing.
Sold on the open market — 500 shares at $961.44 ($480.7K)
Holds 114,627 shares after this filing.
Sold on the open market — 500 shares at $864.49 ($432.2K)
Holds 117,127 shares after this filing.
Sold on the open market — 500 shares at $870.01 ($435.0K)
Holds 116,627 shares after this filing.
Sold on the open market — 500 shares at $860.00 ($430.0K)
Holds 116,127 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 24,542 shares ($25.7M) on or after .
Shares originally obtained via Performance Shares.
Filed notice to sell 307 shares ($290.1K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 500 shares ($474.3K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 500 shares ($467.9K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 500 shares ($460.5K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 500 shares ($473.3K) on or after .
Shares originally obtained via Restricted Stock.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Had a director or senior officer leave or join
Read the filingSold shares outside a public offering
Read the filingQuarterly report for Q3 FY2026
Revenue +90.1% · Operating margin +30.4 pts · Gross profit +191.4% — against Q3 FY2025
Read the filingPublished results
Read the filingSold shares outside a public offering
Read the filingSold shares outside a public offering · Amended its charter or changed its financial year · Made a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Revenue +65.5% · Operating margin +22.5 pts · Gross profit +141.1% — against Q2 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join · Held a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +58.4% · Operating margin +25.7 pts · Gross profit +133.0% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingSigned a material agreement · Took on a direct financial obligation · Sold shares outside a public offering · Reported another event
Read the filingAnnual report for FY2025
Revenue +21.0% · Operating margin +21.0 pts · Gross profit +82.9% — against FY2024
Read the filingThe first 40 of 51. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-08-17. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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