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Investment Highlights Market Valuation Price Chart Return vs. Risk About LITE Interactive Breakdown Better Bets vs. LITE Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Lumentum (LITE)

Market Price (10/30/2025): $214.86 | Market Cap: $15.0 Bil
Sector: Information Technology | Industry: Communications Equipment

Lumentum (LITE)

Market Price (10/30/2025): $214.86
Market Cap: $15.0 Bil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21%		 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%		 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -192 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
1  Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%		 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 118x, P/EPrice/Earnings or Price/(Net Income) is 576x
2   Stock price has recently run up significantly
6M Rtn6 month market price return is 263%, 12M Rtn12 month market price return is 226%
3   Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%
4   Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.4%
5   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.4%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21%
1 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -192 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
4 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 118x, P/EPrice/Earnings or Price/(Net Income) is 576x
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 263%, 12M Rtn12 month market price return is 226%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.4%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.4%

Market Valuation & Key Metrics

LITES&P 500
REVENUE GROWTHGOOD
Rev LTM ($ Bil)1.6
Rev Chg Q55.9%6.4%
Rev Chg LTM21.0%5.2%
Rev Chg 3Y Avg0.4%5.3%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)-0.2
CFO LTM ($ Bil)0.1
Net Inc LTM ($ Bil)0.0
Op Mgn LTM-11.7%18.8%
CFO/Rev LTM7.7%20.4%
Net Inc Mgn1.6%12.7%
VALUATIONVERY HIGH
P/S9.13.3
P/CFO118.415.7
P/FCF-142.821.0
P/E577.423.7
STABILITYVERY GOOD
Debt/Equity0.170.21
Cash/Assets0.210.07

LITE Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The 262.9% change in LITE stock from 4/30/2025 to 10/29/2025 was primarily driven by a 215.1% change in the company's P/S Multiple.

430202510292025Change
Stock Price ($)59.04214.28262.94%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1413.901645.0016.34%
P/S Multiple2.889.07215.12%
Shares Outstanding (Mil)68.9069.60-1.02%
Cumulative Contribution262.90%

LTM = Last Twelve Months as of date shown
The 225.9% change in LITE stock from 10/29/2024 to 10/29/2025 was primarily driven by a 176.0% change in the company's P/S Multiple.

1029202410292025Change
Stock Price ($)65.76214.28225.85%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1359.201645.0021.03%
P/S Multiple3.299.07175.98%
Shares Outstanding (Mil)67.9069.60-2.50%
Cumulative Contribution225.65%

LTM = Last Twelve Months as of date shown
The 186.3% change in LITE stock from 10/30/2022 to 10/29/2025 was primarily driven by a 2124.1% change in the company's P/E Multiple.

1030202210292025Change
Stock Price ($)74.85214.28186.28%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1712.601645.00-3.95%
Net Income Margin (%)11.61%1.57%-86.44%
P/E Multiple25.89575.832124.06%
Shares Outstanding (Mil)68.8069.60-1.16%
Cumulative Contribution186.24%

LTM = Last Twelve Months as of date shown

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
LITE Return20%12%-51%0%60%155%126%
Peers Return-5%47%-16%11%0%92%150%
S&P 500 Return16%27%-19%24%23%17%110%

Monthly Win Rates [3]
LITE Win Rate58%50%25%58%58%67% 
Peers Win Rate47%58%43%55%52%53% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
LITE Max Drawdown-22%-29%-53%-31%-23%-41% 
Peers Max Drawdown-46%-6%-40%-16%-30%-13% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CSCO, FFIV, ESE, VSAT, EXTR. See LITE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/29/2025 (YTD)

How Low Can It Go

Unique KeyEventLITES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-66.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven202.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven641 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-33.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven49.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven136 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-48.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven95.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven380 days120 days

Compare to CSCO, FFIV, ESE, VSAT, EXTR


In The Past

Lumentum's stock fell -66.9% during the 2022 Inflation Shock from a high on 1/12/2021. A -66.9% loss requires a 202.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Lumentum (LITE)

Better Bets than Lumentum (LITE)

 LITEBetter Performance than LITE
MetricValueIndustry (Communications Equipment)
Rev Chg LTM21.0%ANET (26.0%), UI (33.4%), ASTS (249.4%), IDCC (21.8%), AAOI (77.9%)
Rev Chg 3Y Avg0.4%CSCO (3.4%), ANET (32.1%), MSI (9.5%), UI (15.8%), CIEN (7.4%)
Op Mgn LTM-11.7%CSCO (22.1%), ANET (43.1%), MSI (25.1%), UI (32.5%), NOK (3.7%)
CFO/Rev LTM7.7%CSCO (25.1%), ANET (50.9%), MSI (23.5%), UI (24.9%), NOK (9.6%)
FCF/Rev LTM-6.4%CSCO (23.5%), ANET (50.0%), MSI (21.5%), UI (24.4%), NOK (6.5%)
Total Yield0.2%CSCO (5.9%), ANET (1.6%), MSI (3.9%), UI (1.8%), NOK (2.3%)
 LITEBetter Performance than LITE
MetricValueAll Other Sectors
Rev Chg LTM21.0%LLY (36.8%), APP (48.2%), ISRG (22.2%), BSX (21.4%), HOOD (59.6%)
Rev Chg 3Y Avg0.4%GOOGL (10.2%), AMZN (11.3%), META (13.0%), TSLA (9.3%), JPM (13.5%)
Op Mgn LTM-11.7%GOOGL (32.7%), AMZN (11.4%), META (42.9%), TSLA (5.1%), WMT (4.2%)
CFO/Rev LTM7.7%GOOGL (36.0%), AMZN (18.1%), META (56.4%), TSLA (16.5%), LLY (20.5%)
FCF/Rev LTM-6.4%GOOGL (18.0%), AMZN (2.0%), META (30.7%), TSLA (7.1%), WMT (2.0%)
Total Yield0.2%GOOGL (3.8%), AMZN (2.9%), META (3.8%), TSLA (0.3%), JPM (6.6%)
 Best Bets In Information Technology Sector
 LITEVRSN NVDA RMBS QLYS ADBE YOU GEN IDCC DBX KLAC
What You Pay           
P/E575.826.858.352.424.020.516.526.721.415.940.2
P/EBIT-99.519.450.044.622.516.419.69.817.113.633.0
What You Get           
Rev Chg Q55.9%7.3%55.6%22.7%10.3%10.7%17.5%30.3%34.5%-1.4%23.6%
Rev Chg LTM21.0%5.5%71.6%31.0%9.6%10.7%19.8%10.6%21.8%-0.0%23.9%
Rev Chg 3Y Avg0.4%5.2%92.0%17.3%12.5%10.5%35.5%14.8%23.3%4.1%10.4%
FCF/Rev 3Y Avg-3.9%57.4%41.3%39.3%39.0%37.7%37.3%35.9%35.1%32.9%31.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

Trade Ideas

Select past ideas related to LITE. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-10.5%-10.5%-10.5%
LITE_9302022_Dip_Buyer_FCFYield09302022LITELumentumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-21.2%-34.1%-38.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-10.5%-10.5%-10.5%
LITE_9302022_Dip_Buyer_FCFYield09302022LITELumentumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-21.2%-34.1%-38.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences144.4%400.3%
2PUMPProPetro92.4%19.0%
3LUMNLumen Technologies56.2%107.2%
4RNAAvidity Biosciences48.6%139.5%
5DYNDyne Therapeutics44.5%0.3%
6ACDCProFrac42.1%-30.4%
7BEBloom Energy41.7%502.0%
8SNDKSanDisk39.1% 
9GTXGarrett Motion36.5%92.3%
10LITELumentum35.6%155.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.1%5106.3%
2LRNStride-54.1%-32.6%
3VRNSVaronis Systems-47.2%-27.2%
4NTLAIntellia Therapeutics-46.6%12.5%
5FIFiserv-43.6%-65.6%
6ITGRInteger-40.2%-50.7%
7UAMYUnited States Antimony-35.9%374.6%
8AKBAAkebia Therapeutics-29.8%10.5%
9OGNOrganon-29.1%-56.5%
10METCRamaco Resources-27.2%186.6%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines269.4%154.4%
2INBXInhibrx Biosciences128.8%400.3%
3PUMPProPetro111.8%19.0%
4NVTSNavitas Semiconductor88.0%280.1%
5FLNCFluence Energy87.8%27.7%
6DYNDyne Therapeutics86.8%0.3%
7VICRVicor83.4%88.7%
8SNDKSanDisk82.1% 
9LUMNLumen Technologies79.7%107.2%
10GLUEMonte Rosa Therapeutics68.7%80.1%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-61.4%5106.3%
2LRNStride-53.0%-32.6%
3FIFiserv-45.2%-65.6%
4VRNSVaronis Systems-43.7%-27.2%
5OGNOrganon-40.6%-56.5%
6NFENew Fortress Energy-40.3%-91.3%
7VGVenture Global-38.0% 
8ITGRInteger-36.8%-50.7%
9LENZLENZ Therapeutics-34.2%6.1%
10CZRCaesars Entertainment-30.7%-44.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences144.4%400.3%
2PUMPProPetro92.4%19.0%
3LUMNLumen Technologies56.2%107.2%
4RNAAvidity Biosciences48.6%139.5%
5DYNDyne Therapeutics44.5%0.3%
6ACDCProFrac42.1%-30.4%
7BEBloom Energy41.7%502.0%
8SNDKSanDisk39.1% 
9GTXGarrett Motion36.5%92.3%
10LITELumentum35.6%155.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.1%5106.3%
2LRNStride-54.1%-32.6%
3VRNSVaronis Systems-47.2%-27.2%
4NTLAIntellia Therapeutics-46.6%12.5%
5FIFiserv-43.6%-65.6%
6ITGRInteger-40.2%-50.7%
7UAMYUnited States Antimony-35.9%374.6%
8AKBAAkebia Therapeutics-29.8%10.5%
9OGNOrganon-29.1%-56.5%
10METCRamaco Resources-27.2%186.6%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Lumentum

Financials

LITECSCOFFIVESEVSATEXTRMedian
NameLumentum Cisco Sy.F5 ESCO Tec.Viasat Extreme . 
Mkt Price214.2871.33258.76221.3139.1718.01142.81
Mkt Cap14.9282.514.95.75.22.410.3
Rev LTM1,64556,6543,0251,1904,5641,1402,335
Op Inc LTM-19212,504763175-1111897
FCF LTM-10513,28895514788127137
FCF 3Y Avg-5514,178741100-493133117
CFO LTM12614,1939882041,016152596
CFO 3Y Avg11014,986781143728152440

Growth & Margins

LITECSCOFFIVESEVSATEXTRMedian
NameLumentum Cisco Sy.F5 ESCO Tec.Viasat Extreme . 
Rev Chg LTM21.0%5.3%8.9%22.2%-1.4%2.0%7.1%
Rev Chg 3Y Avg0.4%3.4%4.2%14.1%26.8%1.7%3.8%
Rev Chg Q55.9%7.6%12.2%26.9%4.0%19.6%15.9%
QoQ Delta Rev Chg LTM11.7%1.9%2.9%5.6%1.0%4.6%3.8%
Op Mgn LTM-11.7%22.1%25.2%14.7%-2.4%1.6%8.2%
Op Mgn 3Y Avg-14.4%24.5%21.8%14.2%-8.2%2.5%8.4%
QoQ Delta Op Mgn LTM7.7%0.3%0.4%-0.5%-0.3%3.3%0.3%
CFO/Rev LTM7.7%25.1%32.7%17.2%22.3%13.3%19.7%
CFO/Rev 3Y Avg6.6%26.7%27.1%13.6%17.9%12.4%15.8%
FCF/Rev LTM-6.4%23.5%31.6%12.3%1.9%11.2%11.7%
FCF/Rev 3Y Avg-3.9%25.3%25.7%9.5%-14.7%10.8%10.1%

Valuation

LITECSCOFFIVESEVSATEXTRMedian
NameLumentum Cisco Sy.F5 ESCO Tec.Viasat Extreme . 
Mkt Cap14.9282.514.95.75.22.410.3
P/S9.15.04.94.81.12.14.9
P/EBIT-99.522.319.633.3-34.3118.420.9
P/E575.827.822.449.8-8.6-320.325.1
P/CFO118.119.915.128.05.115.717.8
Total Yield0.2%5.9%4.5%2.1%-11.6%-0.3%1.1%
Dividend Yield0.0%2.3%0.0%0.1%0.0%0.0%0.0%
FCF Yield 3Y Avg-1.2%6.4%6.3%2.9%-20.9%4.8%3.9%
D/E0.20.10.00.11.40.10.1
Net D/E0.10.0-0.10.11.1-0.00.1

Returns

LITECSCOFFIVESEVSATEXTRMedian
NameLumentum Cisco Sy.F5 ESCO Tec.Viasat Extreme . 
1M Rtn31.8%6.0%-19.8%6.9%37.9%-11.7%6.4%
3M Rtn95.1%5.1%-13.5%13.3%152.4%0.7%9.2%
6M Rtn262.9%25.1%-2.3%41.6%322.5%36.9%39.2%
12M Rtn225.9%31.4%7.7%72.0%281.0%26.7%51.7%
3Y Rtn186.3%70.6%78.1%160.0%-4.4%0.8%74.4%
1M Excs Rtn28.7%1.9%-23.0%1.8%30.7%-15.8%1.8%
3M Excs Rtn86.0%-3.3%-26.1%5.6%129.7%-6.7%1.2%
6M Excs Rtn239.2%1.3%-26.0%17.8%298.8%13.1%15.5%
12M Excs Rtn214.3%12.6%0.7%51.9%264.3%6.9%32.3%
3Y Excs Rtn114.5%-2.6%-7.3%99.1%-78.7%-63.6%-5.0%

Financials

$ Mil | FY: 6/282025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Period End6/28/20253/29/202512/28/20249/28/20246/29/20243/30/202412/30/20239/30/20237/1/20234/1/202312/31/202210/1/2022
Filing Date8/19/20255/7/20252/6/202511/8/20248/21/20245/7/20242/8/202411/8/20238/23/20235/9/20232/9/202311/8/2022
Key Financials Quarterly            
Total Revenue481425402337308366367318371383506507
Ebitda552728-3-23-29-27-243184484
Operating Income-3-65-51-73-97-95-99-70-53-50-823
Net Income213-44-61-82-252-127-99-68-60-39-32-0
EPS3.06-0.64-0.88-1.21-3.72-1.88-1.47-1.02-0.88-0.57-0.46-0.01
Key Financials TTM            
Total Revenue TTM1,6451,4731,4141,3781,3591,4221,4391,5781,7671,8181,8301,771
Ebitda TTM10729-27-82-82-1631102189251324408
Operating Income TTM-192-286-316-364-361-317-272-180-8820117210
Net Income TTM26-440-523-561-546-354-266-199-132-3729117
Growth Rates Quarterly            
Total Revenue Growth55.9%16.0%9.7%6.1%-16.9%-4.4%-27.5%-37.3%-12.2%-3.0%13.3%13.0%
EBITDA Growth340.6%190.8%204.4%-29.2%-153.6%-265.5%-160.9%-102.9%-59.4%-80.5%-65.5%-46.9%
Operating Income Growth96.7%31.4%48.8%-4.2%-84.0%-91.6%-1142.5%-406.1%-194.9%-206.6%-109.4%-80.1%
Net Income Growth184.5%65.3%38.5%-21.4%-319.4%-223.2%-212.6%-16875.0%-273.5%-251.2%-155.9%-100.5%
Margins Quarterly            
EBITDA Margin11.5%6.3%7.0%-0.9%-7.4%-8.0%-7.4%-0.8%11.5%4.6%8.8%16.6%
Operating Income Margin-0.7%-15.4%-12.7%-21.6%-31.4%-26.0%-27.1%-22.0%-14.2%-13.0%-1.6%4.5%
Net Income Margin44.4%-10.4%-15.1%-24.5%-81.9%-34.7%-27.0%-21.4%-16.2%-10.3%-6.3%-0.1%
Cash & Debt            
Total Cash8778678979168878711,2241,9442,0141,6671,6801,625
Total Debt2,6082,6102,6082,6222,5602,5642,8892,8702,8742,3942,3922,391
Net Debt / (Cash)1,7311,7431,7121,7061,6731,6931,665925860727712766
Cash Flows Quarterly            
FCF from Operations64-2244036-7-2-249159521
Cash Flows TTM            
FCF from Operations TTM126989267253860157180245307418
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-0-0-0140-0-036
Return on Invested Capital (ROIC) Quarterly            
ROIC-0.3%-7.1%-5.6%-8.1%-11.0%-10.9%-11.3%-10.3%-8.2%-6.7%-1.4%3.9%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-5.2%-7.7%-8.7%-10.2%-10.3%-9.1%-7.9%-6.8%-3.4%0.8%2.4%6.7%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Cloud & Networking1,0851,322   
Industrial Tech274444   
Lasers  194122164
Optical Communications(OpComms)  1,5181,6211,515
Total1,3591,7671,7131,7431,679


Operating Income by Segment
$ Mil20252024202320222021
Cloud & Networking124313   
Industrial Tech25153   
Gain on sale of assets, net00   
Intangible asset write-off0-21   
Litigation matters0-8   
Stock-based compensation - acquisition related0-12   
Amortization of acquired inventory fair value adjustments-8-18   
Acquisition related costs-13-12   
Abnormal excess capacity-210   
Integration related costs-37-29   
Other charges, net-40-64   
Restructuring and related charges-73-28   
Selling, general and administrative-112-127   
Stock-based compensation-129-136   
Amortization of acquired intangibles-151-128   
Total-434-116   


Price Behavior

LITE Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta2.062.221.821.942.241.90
Up Beta2.202.332.711.851.941.68
Down Beta-3.101.751.262.382.562.14
Up Capture431%404%347%366%765%1394%
Bmk +ve Days13233574144420
Stock +ve Days12264076138387
Down Capture108%67%-27%99%145%110%
Bmk -ve Days8192952107330
Stock -ve Days8152248111360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity10,228,334
Short Interest: % Change Since 9302025-0.0%
Average Daily Volume2,649,797
Days-to-Cover Short Interest3.86
Basic Shares Quantity69,600,000
Short % of Basic Shares14.7%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/20250.5%-1.4%37.8%
5/6/20252.8%15.7%26.7%
2/3/20252.4%-2.8%-20.1%
11/7/202413.9%15.6%21.9%
8/14/202414.8%23.9%22.5%
5/6/2024-6.1%-0.2%2.9%
2/8/2024-22.4%-15.6%-18.9%
10/30/202310.3%18.5%17.3%
...
SUMMARY STATS   
# Positive131313
# Negative111111
Median Positive4.7%13.6%10.3%
Median Negative-6.9%-4.8%-15.7%
Max Positive14.8%23.9%37.8%
Max Negative-22.4%-19.6%-26.5%

SEC Filings

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Report DateFiling DateFiling
6302025819202510-K 6/28/2025
3312025507202510-Q 3/29/2025
12312024206202510-Q 12/28/2024
93020241108202410-Q 9/28/2024
6302024821202410-K 6/29/2024
3312024507202410-Q 3/30/2024
12312023208202410-Q 12/30/2023
93020231108202310-Q 9/30/2023
6302023823202310-K 7/1/2023
3312023509202310-Q 4/1/2023
12312022209202310-Q 12/31/2022
93020221108202210-Q 10/1/2022
6302022824202210-K 7/2/2022
3312022504202210-Q 4/2/2022
12312021203202210-Q 1/1/2022
93020211104202110-Q 10/2/2021

Insider Activity

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External Quote Links


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