Citable filing context
LITE's research view summarizes recent SEC filing context, starting with earnings from Aug 11, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 11, 2026 | earnings | Lumentum reported Q4 FY26 revenue of $1.01 billion and a GAAP net loss of $7.2 billion. |
| Jul 30, 2026 | management_change | Vincent Retort, EVP of Global Reliability & Quality, announced his retirement effective October 2026. |
| Jun 1, 2026 | debt_offering | Lumentum will exchange approximately $650.4 million of convertible senior notes for about 5.0 million shares of common stock. |
| Aug 11, 2026 | Guidance: non_gaap_diluted_eps | 4.05 to 4.35 |
| Aug 11, 2026 | Guidance: non_gaap_operating_margin | 39.50 to 40.50 |
| Aug 11, 2026 | Guidance: revenue | 1225.00 to 1275.00 |
| Aug 17, 2026 | business | Lumentum Holdings Inc. designs and manufactures optical and photonic solutions organized into Components—such as semiconductor laser chips, subsystems, and wavelength management systems—and Systems, including coherent optical transceivers, optical circuit switches, and commercial fiber and ultrafast lasers. The business serves cloud data center operators, artificial intelligence infrastructure providers, telecommunications network equipment manufacturers, industrial materials fabricators, and consumer electronics companies utilizing vertical-cavity surface-emitting laser (VCSEL) arrays for 3D sensing. Surging artificial intelligence workloads and hyperscale cloud expansion are driving a broad architecture shift from copper to high-speed photonics, accelerating demand across scale-out, scale-up, and data center interconnect applications. While telecom inventory destocking previously pressured margins, recent demand from artificial intelligence and cloud customers has outpaced supply, necessitating manufacturing capacity expansions internally and with contract manufacturers across North America, Europe, and Asia-Pacific. Financially, Lumentum faces significant customer concentration; its top two customers accounted for 26.6% and 15.0% of fiscal 2026 revenue, respectively, with international shipments representing 79.2% of the total. Key risks include single-source component dependencies, capacity allocation bottlenecks, and exposure to evolving global trade regulations, export controls, and tariffs on optical and semiconductor technologies. |
| Aug 17, 2026 | mda | Lumentum reorganized into a single operating segment in fiscal 2026, generating net revenue of $3,014.0 million, up 83.2% year-over-year. Revenue expansion was driven by broad-based cloud and artificial intelligence/machine learning infrastructure demand that currently exceeds supply. Components revenue increased 79.7% to $2,005.6 million, fueled by a ramp in laser chip and sub-assembly shipments shifting to 200G lane speeds. Systems revenue grew 90.7% to $1,008.4 million, driven by a 173% surge in cloud transceivers and over $90 million from initial optical circuit switch shipments. Customer concentration remains high, with Customer A and Customer B generating 26.6% and 15.0% of total revenue, respectively. Gross margin expanded to 41.7% from 28.0% in fiscal 2025, primarily due to higher internal manufacturing factory utilization and a favorable product mix. Key financial transactions included a $7,756.6 million loss on debt extinguishment following equitization exchanges of 2026, 2028, and 2029 convertible notes for common stock, alongside the release of $236.3 million in U.S. deferred tax asset valuation allowances. Lumentum ended the year with $2,043.5 million in cash and cash equivalents, $694.9 million in short-term investments, an undrawn $400.0 million revolving credit facility, and $1,544.6 million in convertible notes, which are currently convertible due to stock price triggers. |
Source: SEC EDGAR filing text and events; period Aug 11, 2026; filed Aug 11, 2026.
LITE company research is available with Aerarium Pro (CAD $10/mo). The five showcase tickers (TSLA, NVDA, AAPL, AMZN, PLTR) and the macro dashboard stay free. Already a subscriber? Sign in to pick up where you left off.