Lumentum income statement
In fiscal 2026, Lumentum reported revenue of $3.01bn, up 83.2% on the year before, operating income of $525m (a 17.4% margin) and net income of −$6.94bn, or −$92.96 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Jun 2013 | 2014Jun 2014 | 2015Jun 2015 | 2016Jul 2016 | 2017Jul 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jul 2021 | 2022Jul 2022 | 2023Jul 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 770 | 818 | 837 | 903 | 1,002 | 1,248 | 1,565 | 1,679 | 1,743 | 1,713 | 1,767 | 1,359 | 1,645 | 3,014 |
| Cost of revenue | 535 | 552 | 572 | 619 | 677 | 812 | 1,093 | — | — | — | — | — | — | — |
| Gross profit | 223 | 257 | 258 | 277 | 318 | 432 | 426 | 650 | 783 | 789 | 569 | 252 | 460 | 1,256 |
| Research and development | 114 | 135 | 141 | 141 | 148 | 157 | 185 | 199 | 215 | 221 | 308 | 302 | 304 | 357 |
| Selling, general and administrative | 103 | 108 | 129 | 117 | 110 | 128 | 200 | 235 | 241 | 266 | 349 | 311 | 348 | 363 |
| Operating income | 4 | 9 | −23 | 12 | 48 | 140 | −22 | 204 | 527 | 303 | −116 | −434 | −180 | 525 |
| Interest expense | 1 | 0 | 1 | 0 | 6 | 18 | 36 | 61 | 67 | 80 | 36 | 34 | 22 | 22 |
| Income before tax | 4 | 10 | −25 | 10 | −60 | 129 | −33 | — | — | — | — | — | — | — |
| Income tax | −3 | −1 | −21 | 0 | 43 | −119 | 3 | 39 | 66 | 36 | 29 | 141 | −198 | −238 |
| Net income | 7 | 11 | −3 | 9 | −103 | 248 | −36 | 136 | 397 | 199 | −132 | −547 | 26 | −6,935 |
| Diluted EPS | $0.11 | $0.18 | −$0.06 | −$0.05 | −$1.71 | $3.82 | −$0.54 | $1.75 | $5.07 | $2.68 | −$1.93 | −$8.12 | $0.37 | −$92.96 |
| Diluted shares (average) | 59m | 59m | 59m | 59m | 61m | 63m | 71m | 78m | 78m | 74m | 68m | 67m | 70m | 75m |
| EBITDA | 38 | 44 | 20 | 59 | 102 | 214 | 81 | 317 | 618 | 385 | −9 | −323 | −76 | 654 |
| Quarter | 2025 Q1Sept 2024 | 2025 Q2Dec 2024 | 2025 Q3Mar 2025 | 2025 Q4Jun 2025 | 2026 Q1Sept 2025 | 2026 Q2Dec 2025 | 2026 Q3Mar 2026 | 2026 Q4Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 337 | 402 | 425 | 481 | 534 | 666 | 808 | 1,006 |
| Gross profit | 78 | 100 | 123 | 160 | 182 | 240 | 357 | 477 |
| Research and development | 74 | 74 | 76 | 80 | 81 | 80 | 91 | 104 |
| Selling, general and administrative | 76 | 76 | 112 | 84 | 85 | 96 | 91 | 91 |
| Operating income | −82 | −52 | −38 | −8 | 7 | 64 | 175 | 279 |
| Interest expense | 6 | 6 | 6 | 5 | 6 | 6 | 6 | 4 |
| Income tax | 3 | 19 | 5 | −225 | 1 | 18 | 40 | −297 |
| Net income | −82 | −61 | −44 | 213 | 4 | 78 | 144 | −7,162 |
| Diluted EPS | −$1.21 | −$0.88 | −$0.64 | $3.09 | $0.05 | $0.89 | $1.50 | −$95.55 |
| EBITDA | −55 | −26 | −13 | 18 | 35 | 95 | 207 | 317 |
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