Lumentum Holdings Inc. (LITE) Income Statement
LITE FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsLITE revenue and net income
Where LITE's revenue goes
FY2026Each bar shows an amount and its share of revenue. LITE kept −230.1% of revenue as net income.
LITE profit margins
LITE growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +83.2% | +19.5% | +12.0% | +12.8% |
| Gross profit | +173.1% | +30.2% | +9.8% | +16.3% |
| Operating income | — | — | +11.6% | +46.5% |
| Net income | −26,876.4% | — | — | — |
| EPS (diluted) | +279.5% | +19.6% | +4.2% | +19.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LITE quarterly EPS vs estimates
Lumentum beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $3.82).
LITE income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.01B | $1.65B | $1.36B | $1.77B | $1.71B | $1.71B | $1.68B | $1.57B | $1.25B | $1.00B |
| Cost of revenue | $1.76B | $1.19B | $1.11B | $1.20B | $924.0M | $924.0M | $1.03B | $1.14B | $815.6M | $683.5M |
| Gross profit | $1.26B | $459.9M | $251.5M | $569.0M | $788.6M | $788.6M | $650.2M | $425.9M | $432.1M | $318.1M |
| Research & development | $356.5M | $303.9M | $302.2M | $307.8M | $220.7M | $220.7M | $198.6M | $184.6M | $156.8M | $148.3M |
| Sales, general & admin | $363.2M | $348.2M | $310.7M | $348.8M | $265.7M | $241.4M | $210.4M | $192.3M | $128.2M | $110.2M |
| Total operating expenses | $731.1M | $652.1M | $612.9M | $656.6M | $486.4M | $485.3M | $446.1M | $447.5M | $292.2M | $270.5M |
| Operating income | $524.8M | −$192.2M | −$361.4M | −$87.6M | $302.2M | $303.3M | $204.1M | −$21.6M | $139.9M | $47.6M |
| Interest income | $60.2M | $34.4M | $61.3M | $40.8M | $6.1M | $5.7M | $15.8M | $13.9M | $8.5M | — |
| Interest expense | $21.8M | $22.2M | $33.8M | $35.5M | $80.2M | $80.2M | $61.2M | $36.3M | $18.2M | $5.5M |
| Income before taxes | −$7.17B | −$172.1M | −$405.7M | −$102.4M | $235.1M | $235.1M | $174.3M | −$33.3M | $129.4M | −$59.8M |
| Income taxes | −$237.7M | −$198.0M | $140.8M | $29.2M | $36.2M | $36.2M | $38.8M | $3.1M | −$118.7M | $42.7M |
| Net income | −$6.94B | $25.9M | −$546.5M | −$131.6M | $198.9M | $397.3M | $135.5M | −$36.4M | $248.1M | −$102.5M |
| EBITDA | −$7.02B | $106.8M | −$81.6M | $188.7M | $482.4M | $482.4M | $427.4M | $160.5M | $224.8M | $6.7M |
| EPS (diluted) | $7.78 | $2.05 | $1.02 | $4.55 | $6.05 | $6.32 | $5.41 | $4.29 | $3.83 | $1.94 |
| Gross margin | 41.7% | 28.0% | 18.5% | 32.2% | 46.0% | 46.0% | 38.7% | 27.2% | 34.6% | 31.8% |
| Operating margin | 17.4% | −11.7% | −26.6% | −5.0% | 17.6% | 17.7% | 12.2% | −1.4% | 11.2% | 4.8% |
| Net margin | −230.1% | 1.6% | −40.2% | −7.4% | 11.6% | 23.2% | 8.1% | −2.3% | 19.9% | −10.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $808.4M | $665.5M | $533.8M | $480.7M | $425.2M | $402.2M | $336.9M | $308.3M | $366.5M | $366.8M | $317.6M |
| Cost of revenue | $529.0M | $451.4M | $425.4M | $352.3M | $320.8M | $302.7M | $302.6M | $259.0M | $257.0M | $259.0M | $257.0M | $240.9M |
| Gross profit | $477.3M | $357.0M | $240.1M | $181.5M | $159.9M | $122.5M | $99.6M | $77.9M | $51.3M | $77.9M | $51.3M | $76.7M |
| Research & development | $104.4M | $90.6M | $80.1M | $81.4M | $79.5M | $75.9M | $74.2M | $74.3M | $73.2M | $74.3M | $73.2M | $73.5M |
| Sales, general & admin | $91.2M | $90.8M | $96.1M | $85.1M | $83.6M | $112.0M | $76.3M | $76.3M | $74.9M | $77.7M | $85.1M | $73.0M |
| Total operating expenses | $207.0M | $181.4M | $176.2M | $166.5M | $163.1M | $187.9M | $150.5M | $160.3M | $184.7M | $160.3M | $184.7M | $157.5M |
| Operating income | $270.3M | $175.6M | $63.9M | $15.0M | −$3.2M | −$65.4M | −$50.9M | −$82.4M | −$133.4M | −$82.4M | −$133.4M | −$80.8M |
| Interest income | — | — | $11.6M | $8.6M | $8.2M | $7.8M | $9.0M | $9.4M | $9.9M | $12.6M | $17.1M | $21.7M |
| Interest expense | $3.6M | $6.2M | $6.3M | $5.7M | $5.4M | $5.7M | $5.6M | $5.5M | $5.4M | $5.5M | $5.4M | $9.7M |
| Income before taxes | −$7.46B | $183.8M | $96.5M | $5.2M | −$11.4M | −$39.2M | −$42.3M | −$79.2M | −$127.5M | −$79.2M | −$127.5M | −$69.3M |
| Income taxes | −$296.6M | $39.6M | $18.3M | $1.0M | −$224.7M | $4.9M | $18.6M | $3.2M | $125.0M | $3.2M | $125.0M | −$1.4M |
| Net income | −$7.16B | $144.2M | $78.2M | $4.2M | $213.3M | −$44.1M | −$60.9M | −$82.4M | −$252.5M | −$127.0M | −$99.1M | −$67.9M |
| EBITDA | −$7.51B | $256.6M | $167.4M | $73.1M | $55.1M | $26.6M | $28.2M | −$3.1M | −$22.9M | −$3.1M | −$22.9M | −$2.4M |
| EPS (diluted) | $2.64 | $2.37 | $1.67 | $1.10 | $0.88 | $0.57 | $0.42 | $0.18 | $0.06 | $0.29 | $0.32 | $0.35 |
| Gross margin | 47.4% | 44.2% | 36.1% | 34.0% | 33.3% | 28.8% | 24.8% | 23.1% | 16.6% | 21.3% | 14.0% | 24.1% |
| Operating margin | 26.9% | 21.7% | 9.6% | 2.8% | −0.7% | −15.4% | −12.7% | −24.5% | −43.3% | −22.5% | −36.4% | −25.4% |
| Net margin | −711.7% | 17.8% | 11.8% | 0.8% | 44.4% | −10.4% | −15.1% | −24.5% | −81.9% | −34.7% | −27.0% | −21.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LITE's financial statements (latest annual report filed August 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LITE financial results
In fiscal year 2026 (ended June 30, 2026), Lumentum reported revenue of $3.0 billion, up 83.2% from the year before. It had a net loss of $6.9 billion, a net profit margin of −230.1%. Diluted earnings per share came to $7.78. Over five years revenue grew at an average rate of 12.0% a year.
See the LITE stock overview for the latest quote and news, or the LITE chart for price history and technical indicators.
LITE income statement FAQ
What is Lumentum's annual revenue?
Lumentum reported total revenue of $3.0 billion for fiscal year 2026, which ended on June 30, 2026. That was up 83.2% from $1.6 billion the previous year.
Is Lumentum profitable?
No. Lumentum reported a net loss of $6.9 billion in fiscal 2026, a net profit margin of −230.1%; its operating margin was 17.4%.
What is Lumentum's gross margin?
Lumentum's gross margin was 41.7% in fiscal 2026: for every $100 of revenue, Lumentum kept $42 after the direct cost of its products and services.
How much does Lumentum spend on research and development?
Lumentum spent $356.5 million on research and development in fiscal 2026, 11.8% of revenue.
How fast is Lumentum growing?
Revenue grew 12.0% a year on average over the last five fiscal years, from $1.7 billion to $3.0 billion.
What are Lumentum's earnings per share?
Lumentum earned $7.78 per diluted share in fiscal 2026, compared with $2.05 a year earlier.
When will Lumentum report its next earnings?
Lumentum is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Lumentum's fiscal year end?
Lumentum's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 17, 2026.