Lumentum Holdings Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.01B | $1.65B | $1.36B | $1.77B | $1.71B | $1.74B | $1.68B | $1.57B |
| Cost of Revenue | — | — | — | — | — | — | — | $1.09B |
| Gross Profit | $1.26B | $459.9M | $251.5M | $569.0M | $788.6M | $783.1M | $650.2M | $425.9M |
| Gross Margin | 41.7% | 28.0% | 18.5% | 32.2% | 46.0% | 44.9% | 38.7% | 27.2% |
| Operating Expenses | ||||||||
| Research & Development | $356.5M | $303.9M | $302.2M | $307.8M | $220.7M | $214.5M | $198.6M | $184.6M |
| SG&A Expense | $363.2M | $348.2M | $310.7M | $348.8M | $265.7M | $241.4M | $235.2M | $200.3M |
| Operating Income | $524.8M | $-180.1M | $-434.0M | $-115.7M | $303.3M | $527.0M | $204.1M | $-21.6M |
| Operating Margin | 17.4% | -10.9% | -31.9% | -6.5% | 17.7% | 30.2% | 12.2% | -1.4% |
| Interest Expense | — | — | — | $35.5M | $80.2M | $66.7M | $61.2M | $36.3M |
| Pretax Income | — | — | — | — | — | — | — | $-33.3M |
| Income Tax Expense | $-237.7M | $-198.0M | $140.8M | $29.2M | $36.2M | $65.8M | $38.8M | $3.1M |
| Net Income | $-6.94B | $25.9M | $-546.5M | $-131.6M | $198.9M | $397.3M | $135.5M | $-36.4M |
| Net Margin | -230.1% | 1.6% | -40.2% | -7.4% | 11.6% | 22.8% | 8.1% | -2.3% |
| EPS (Basic) | $-92.96 | $0.38 | $-8.12 | $-1.93 | $2.79 | $5.27 | $1.79 | $-0.54 |
| EPS (Diluted) | $-92.96 | $0.37 | $-8.12 | $-1.93 | $2.68 | $5.07 | $1.75 | $-0.54 |
| Shares Outstanding (Basic) | 74.6M | 69.0M | 67.3M | 68.3M | 71.2M | 75.4M | 75.9M | 70.7M |
| Shares Outstanding (Diluted) | 74.6M | 69.6M | 67.3M | 68.3M | 74.2M | 78.4M | 77.6M | 70.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |