Lumentum Holdings Inc.

Listed Company

LITECIK 0001633978NasdaqLarge AcceleratedCommunications Equipment, NecDelawareFY ends Jun 28

Period

FY 2025

Revenue

—

Net Income

—

Total Assets

$4.22B

Equity

$1.13B

Shares Out

71.40M

Op. Cash Flow

$126.30M

Business

Lumentum Holdings Inc. is a leading provider of optical and photonic products serving cloud, AI/ML, telecommunications, consumer and industrial end-market applications. It offers optical and photonic chips, components, modules and subsystems including high-speed transceivers, lasers (short-pulse, fiber, diode, gas), photonic integrated circuits, VCSELs and optical transport products for data interconnect, switching, amplification and sensing. The company operates two reportable segments: Cloud & Networking and Industrial Tech. It sells and distributes globally via direct sales to cloud operators, AI infrastructure providers, network equipment manufacturers, OEMs and contract manufacturers across North America, Asia‑Pacific and Europe.

Summary from filing dated 2025-08-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net revenue	1,645	1,359	1,767	1,713	1,743
Cost of sales	1,103	1,024	1,114	861	898
Amortization of acquired developed intangibles	82	84	84	63	62
Gross profit	460	252	569	789	783
Research and development	304	302	308	221	215
Selling, general and administrative	348	311	349	266	241
Restructuring and related charges	23	73	28	−1	8
Gain on sale of facility	−35	0	0	—	—
Total operating expenses	640	686	685	485	256
Loss from operations	−180	−434	−116	303	527
Interest expense	−22	−34	−36	−80	—
Other income, net	30	62	49	12	3
Loss before income taxes	−172	−406	−102	235	463
Income tax (benefit) provision	−198	141	29	36	66
Net income (loss) - Basic	26	−547	−132	199	397
Net income (loss) - Diluted	26	−547	−132	199	397
Basic (in dollars per share)	0.38	−8.12	−1.93	2.79	5.27
Diluted (in dollars per share)	0.37	−8.12	−1.93	2.68	5.07
Basic (in shares)	69	67	68	71	75
Diluted (in shares)	70	67	68	74	78

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	521	437	859	1,290	774
Short-term investments	356	450	1,155	1,259	1,172
Accounts receivable, net	250	195	246	262	213
Inventories	470	398	409	250	196
Prepayments and other current assets	120	110	110	78	82
Total current assets	1,717	1,590	2,778	3,139	2,437
Property, plant and equipment, net	726	573	490	361	361
Operating lease right-of-use assets, net	28	73	77	74	67
Goodwill	1,061	1,056	695	369	369
Other intangible assets, net	465	618	459	156	241
Deferred tax asset	210	11	116	27	73
Other non-current assets	11	13	17	37	3
Total assets	4,219	3,932	4,632	4,162	3,552
Accounts payable	225	126	169	157	117
Accrued payroll and related expenses	58	36	39	55	54
Accrued expenses	35	52	51	45	33
Current portion of long-term debt	11	0	—	—	—
Operating lease liabilities, current	11	13	14	11	12
Other current liabilities	53	41	48	39	58
Total current liabilities	393	269	634	717	665
Long-term debt	2,563	2,503	—	—	—
Operating lease liabilities, non-current	24	43	48	49	48
Deferred tax liability	7	56	3	13	36
Other non-current liabilities	98	103	91	43	41
Total liabilities	3,084	2,975	3,276	2,287	1,579
Commitments and contingencies (Note 16)	—	—	—	—	—
Common stock, $0.001 par value, 990 authorized shares; 69.8 and 67.9 shares issued and outstanding as of June 28, 2025 and June 29, 2024, respectively	100,000	100,000	100,000	100,000	100,000
Additional paid-in capital	1,987	1,835	1,692	2,004	1,744
Accumulated deficit	−861	−887	−341	−129	221
Accumulated other comprehensive income	9	9	4	400,000	8
Total stockholders equity	1,135	957	1,356	1,875	1,973
Total liabilities and stockholders equity	4,219	3,932	4,632	4,162	3,552

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation expense	104	111	107	82	91
Stock-based compensation	177	129	148	103	93
Bad debt expense	3	0	0	—	—
Amortization and write-off of acquired intangible assets	152	180	149	86	86
Write-off of right-of-use assets	8	0	0	—	—
Loss on sales and dispositions of property, plant and equipment	5	3	9	—	—
Amortization of debt discount and debt issuance costs	3	15	24	72	60
Amortization of inventory fair value adjustment in connection with acquisition	0	8	18	0	0
Gain on repurchase of convertible notes	0	0	−1	0	0
Other non-cash income, net	−4	−12	−6	11	10
Accounts receivable	−59	72	83	−49	20
Inventories	−71	74	−82	−52	−7
Operating lease right-of-use assets, net	5	3	16	−6	11
Prepayments and other current and non-currents assets	−35	31	−4	−14	−5
Income taxes, net	−218	78	−38	−21	16
Accounts payable	69	−90	−74	47	−34
Accrued payroll and related expenses	22	−9	−36	300,000	900,000
Operating lease liabilities	−6	−4	−16	600,000	−9
Accrued expenses and other current and non-current liabilities	−22	−16	15	4	8
Net cash provided by operating activities	126	25	180	459	739
Payments for acquisition of property, plant and equipment	−231	−133	−129	−91	−85
Acquisition of businesses, net of cash acquired	0	−701	−862	0	0
Payment for acquisition of intangible assets	0	−4	0	0	—
Purchases of short-term investments	−366	−279	−1,030	−1,085	−1,991
Proceeds from maturities and sales of short-term investments	465	1,002	1,146	974	2,062
Proceeds from sale of facility, net of cash and selling costs	48	0	0	—	—
Proceeds from the sales of property and equipment	300,000	800,000	300,000	—	—
Net cash used in investing activities	−84	−114	−874	−226	1
Proceeds from the issuance of 2029 Notes, net of issuance costs	0	0	599	854	0
Proceeds from term loans	77	0	0	—	—
Payment, repurchase and conversion of 2024 Notes	0	−323	−133	−2	0
Principal payments on term loans	−8	0	−6	0	0
Repurchase of common stock	0	0	−176	−544	−236
Payment of withholding taxes related to net share settlement of restricted stock units	−42	−24	−37	−39	−40
Payment of acquisition related holdback	−1	0	0	—	0
Proceeds from employee stock plans	16	14	15	14	13
Net cash provided by (used in) financing activities	42	−333	263	283	−263
Increase (decrease) in cash and cash equivalents	84	−422	−431	516	476
Cash paid for taxes, net	21	61	67	57	50
Cash paid for interest	19	20	11	8	6
Settlement of loan to NeoPhotonics	0	0	50	0	0
2029 Notes issuance costs in current liabilities	0	0	800,000	0	0
Right-of-use assets obtained in exchange for new operating lease liabilities	6	16	19	15	1
Share-based purchase price consideration in connection with the Cloud Light acquisition	0	24	0	0	—

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