Lumentum vs Vistance Networks
Lumentum is the larger business, with $3.01bn of revenue in fiscal 2026 against $1.93bn for Vistance Networks (1.6 times as much). Lumentum grew faster (83.2% against 39.7%). Vistance Networks kept more of each dollar of sales as profit: a net margin of 118.2% against -230.1%.
| Latest fiscal year | LumentumLITE, 2026 | Vistance NetworksVISN, 2025 |
|---|---|---|
| Revenue | $3.01bn | $1.93bn |
| Revenue growth | 83.2% | 39.7% |
| Net income | −$6.94bn | $2.28bn |
| Operating margin | 17.4% | 2.5% |
| Net margin | -230.1% | 118.2% |
| Return on equity | — | — |
| Free cash flow | $300m | $253m |
| Cash | $2.04bn | $614m |
| Total debt | $1.64bn | $7.36bn |
| Debt to equity | 35.3% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 13,757 | 4,500 |
| Market value | $59.78bn | $1.46bn |
| Price vs our value range | — | Below our value range |
| Moat score | 24 (Weak) | 40 (Weak) |
| Insider trades, 12 months | 0 buys, 185 sales | 1 buys, 2 sales |