LITE on Nasdaq
Lumentum (United States)
Logo: lumentum.com3
American communications equipment company based in Milpitas, founded in 20151
In its 2026 annual report the company says: “We operate in one reportable segment as a single, integrated enterprise. We disaggregate revenue by type of product, which are Components and Systems, and by geography. It is typically not a complete solution on its own but rather a specialized element that enables system functionality.”7 Its shares trade on Nasdaq under the symbol LITE.1
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Last updated Oct 21, 2026.
Overview
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- TickerLITE on Nasdaq1
- IndustryCommunications Equipment, NEC1
- HeadquartersMilpitas1
- Websitewww.lumentum.com
- Incorporated inDE5
- Business address1001 Ridder Park Drive, San Jose, Ca 951315
- Filer categoryLarge accelerated filer5
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Lumentum Holdings Inc. (“we,” “us,” “our”, “Lumentum” or the “Company”) is a global leader in optical and photonic technologies and an industry-leading provider of optical and photonic products based on revenue and market share. Our products are essential to a range of cloud, artificial intelligence and machine learning (“AI/ML”), telecommunications, consumer, and industrial end-market applications. We operate in one reportable segment as a single, integrated enterprise. See “Note 17. Operating Segments and Geographic Information” to the consolidated financial statements.7 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
41.7%Gross margin4
17.4%Operating margin4
-230.1%Net margin4
83.2%Revenue growth, 20264
-149.3%Return on equity4
0.01×Debt to equity4
$300.1MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Systems brought in 67% of the revenue Lumentum (United States) broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Systems | $537.1M | $528.7M | $2.0B |
| Components | $822.1M | $1.1B | $1.0B |
Regions
United States brought in 21% of the revenue Lumentum (United States) broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $356.1M | $312.3M | $627.9M |
| TH | $183.8M | $291.8M | $626.6M |
| Hong Kong | $261.9M | $398.6M | $519.3M |
| Mexico | $91.7M | $148.5M | $443.7M |
| China | $68.2M | $95.5M | $284.8M |
| Other Asia Pacific Not Individually Identified | $181.3M | $136.4M | $216.9M |
| EMEA | $128.2M | $163.5M | $177.0M |
| Japan | $84.6M | $78.3M | $104.6M |
| Americas Excluding United States And Mexico | $3.4M | $20.1M | $13.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Research and development12¢$356.5M
- Selling, general and admin12¢$363.2M
- Other costs68¢$2.1B
- Income tax8¢$237.7M
Out of $3.0B in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending60¢$451.3M
- Kept or used elsewhere40¢$300.1M
Out of $751.4M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Net revenue | $3.0B | $1.6B | $1.4B |
| Cost of sales | $1.7B | $1.1B | $1.0B |
| Amortization of acquired developed intangibles | $77.6M | $82.2M | $83.9M |
| Gross profit | $1.3B | $459.9M | $251.5M |
| Research and development | $356.5M | $303.9M | $302.2M |
| Selling, general and administrative | $363.2M | $348.2M | $310.7M |
| Restructuring and related charges | $11.4M | $22.8M | $72.6M |
| Gain on sale of facility | $0 | -$34.9M | $0 |
| Total operating expenses | $731.1M | $640.0M | $685.5M |
| Income (loss) from operations | $524.8M | -$180.1M | -$434.0M |
| Loss on debt extinguishment | -$7.8B | $0 | $0 |
| Escrow settlement | $27.5M | $0 | $0 |
| Interest expense | -$21.8M | -$22.2M | -$33.8M |
| Other income, net | $53.3M | $30.2M | $62.1M |
| Total other (expense) income, net | -$7.7B | $8.0M | $28.3M |
| Loss before income taxes | -$7.2B | -$172.1M | -$405.7M |
| Income tax (benefit) provision | -$237.7M | -$198.0M | $140.8M |
| Net (loss) income | -$6.9B | $25.9M | -$546.5M |
| Basic (in dollars per share) | -$92.96 | $0.38 | -$8.12 |
| Diluted (in dollars per share) | -$92.96 | $0.37 | -$8.12 |
| Basic (in shares) | 74.6M shares | 69.0M shares | 67.3M shares |
| Diluted (in shares) | 74.6M shares | 69.6M shares | 67.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.0B | $520.7M | ||
| Short-term investments | $694.9M | $356.4M | ||
| Accounts receivable, net | $520.3M | $250.0M | ||
| Inventories | $691.6M | $470.1M | ||
| Prepayments and other current assets | $211.6M | $120.1M | ||
| Total current assets | $4.2B | $1.7B | ||
| Property, plant and equipment, net | $1.2B | $726.4M | ||
| Operating lease right-of-use assets, net | $29.2M | $27.9M | ||
| Goodwill | $1.1B | $1.1B | $1.1B | |
| Other intangible assets, net | $326.9M | $465.1M | ||
| Deferred tax asset | $530.9M | $210.3M | ||
| Other non-current assets | $30.2M | $10.8M | ||
| Total assets | $7.3B | $4.2B | ||
| Accounts payable | $567.4M | $225.2M | ||
| Accrued payroll and related expenses | $146.3M | $57.9M | ||
| Accrued expenses | $64.9M | $34.6M | ||
| Current portion of long-term debt | $1.6B | $10.6M | ||
| Operating lease liabilities, current | $13.5M | $11.4M | ||
| Other current liabilities | $91.5M | $53.1M | ||
| Total current liabilities | $2.5B | $392.8M | ||
| Long-term debt | $40.5M | $2.6B | ||
| Operating lease liabilities, non-current | $20.3M | $23.6M | ||
| Deferred tax liability | $7.1M | $7.2M | ||
| Other non-current liabilities | $115.2M | $97.8M | ||
| Total liabilities | $2.7B | $3.1B | ||
| Preferred stock, $0.001 par value, 10 authorized shares, 2.9 shares and zero shares issued and outstanding as of June 27, 2026 and June 28, 2025, respectively | $0 | $0 | ||
| Common stock, $0.001 par value, 990 authorized shares; 88.6 and 69.8 shares issued and outstanding as of June 27, 2026 and June 28, 2025, respectively | $100.0K | $100.0K | ||
| Additional paid-in capital | $12.4B | $2.0B | ||
| Accumulated deficit | -$7.8B | -$861.2M | ||
| Accumulated other comprehensive income | $10.0M | $9.0M | ||
| Total stockholders equity | $4.6B | $1.1B | $957.3M | $1.4B |
| Total liabilities and stockholders equity | $7.3B | $4.2B | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized shares (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred Stock, shares issued (in shares) | 2.9M shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 2.9M shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, authorized shares (in shares) | 990.0M shares | 990.0M shares | ||
| Common stock, shares, issued (in shares) | 88.6M shares | 69.8M shares | ||
| Common stock, shares outstanding (in shares) | 88.6M shares | 69.8M shares |
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.0B | $520.7M | ||
| Short-term investments | $694.9M | $356.4M | ||
| Accounts receivable, net | $520.3M | $250.0M | ||
| Inventories | $691.6M | $470.1M | ||
| Prepayments and other current assets | $211.6M | $120.1M | ||
| Total current assets | $4.2B | $1.7B | ||
| Property, plant and equipment, net | $1.2B | $726.4M | ||
| Operating lease right-of-use assets, net | $29.2M | $27.9M | ||
| Goodwill | $1.1B | $1.1B | $1.1B | |
| Other intangible assets, net | $326.9M | $465.1M | ||
| Deferred tax asset | $530.9M | $210.3M | ||
| Other non-current assets | $30.2M | $10.8M | ||
| Total assets | $7.3B | $4.2B | ||
| Accounts payable | $567.4M | $225.2M | ||
| Accrued payroll and related expenses | $146.3M | $57.9M | ||
| Accrued expenses | $64.9M | $34.6M | ||
| Current portion of long-term debt | $1.6B | $10.6M | ||
| Operating lease liabilities, current | $13.5M | $11.4M | ||
| Other current liabilities | $91.5M | $53.1M | ||
| Total current liabilities | $2.5B | $392.8M | ||
| Long-term debt | $40.5M | $2.6B | ||
| Operating lease liabilities, non-current | $20.3M | $23.6M | ||
| Deferred tax liability | $7.1M | $7.2M | ||
| Other non-current liabilities | $115.2M | $97.8M | ||
| Total liabilities | $2.7B | $3.1B | ||
| Preferred stock, $0.001 par value, 10 authorized shares, 2.9 shares and zero shares issued and outstanding as of June 27, 2026 and June 28, 2025, respectively | $0 | $0 | ||
| Common stock, $0.001 par value, 990 authorized shares; 88.6 and 69.8 shares issued and outstanding as of June 27, 2026 and June 28, 2025, respectively | $100.0K | $100.0K | ||
| Additional paid-in capital | $12.4B | $2.0B | ||
| Accumulated deficit | -$7.8B | -$861.2M | ||
| Accumulated other comprehensive income | $10.0M | $9.0M | ||
| Total stockholders equity | $4.6B | $1.1B | $957.3M | $1.4B |
| Total liabilities and stockholders equity | $7.3B | $4.2B | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized shares (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred Stock, shares issued (in shares) | 2.9M shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 2.9M shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, authorized shares (in shares) | 990.0M shares | 990.0M shares | ||
| Common stock, shares, issued (in shares) | 88.6M shares | 69.8M shares | ||
| Common stock, shares outstanding (in shares) | 88.6M shares | 69.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Net (loss) income | -$6.9B | $25.9M | -$546.5M |
| Depreciation expense | $128.8M | $104.3M | $110.6M |
| Stock-based compensation | $170.2M | $177.2M | $128.8M |
| Bad debt expense | $100.0K | $3.4M | $0 |
| Changes in income tax valuation allowance | -$236.3M | -$153.1M | $150.1M |
| Amortization and write-off of acquired intangible assets | $138.2M | $152.4M | $179.7M |
| Write-off of right-of-use assets | $0 | $7.8M | $0 |
| Write-down and loss on sales and dispositions of property, plant and equipment | $21.7M | $5.2M | $2.6M |
| Loss on debt extinguishment | $7.8B | $0 | $0 |
| Amortization of debt issuance costs | $3.8M | $3.0M | $14.6M |
| Amortization of inventory fair value adjustment in connection with acquisition | $0 | $0 | $8.3M |
| Inducement expense on partial repurchase of 2026 Notes | $5.9M | $0 | $0 |
| Gain on sale of facility | $0 | -$34.9M | $0 |
| Other non-cash income, net | -$10.5M | -$3.5M | -$12.2M |
| Accounts receivable | -$270.4M | -$58.7M | $72.3M |
| Inventories | -$228.4M | -$71.3M | $73.8M |
| Operating lease right-of-use assets, net | -$1.3M | $5.1M | $3.4M |
| Prepayments and other current and non-currents assets | -$96.2M | -$35.1M | $30.6M |
| Income taxes, net | -$47.9M | -$65.1M | -$72.4M |
| Accounts payable | $221.6M | $69.2M | -$89.7M |
| Accrued payroll and related expenses | $88.4M | $22.0M | -$8.9M |
| Operating lease liabilities | -$1.2M | -$5.7M | -$4.3M |
| Accrued expenses and other current and non-current liabilities | $43.4M | -$21.8M | -$16.1M |
| Net cash provided by operating activities | $751.4M | $126.3M | $24.7M |
| Payments for acquisition of property, plant and equipment | -$451.3M | -$231.0M | -$133.0M |
| Acquisition of businesses, net of cash acquired | -$38.0M | $0 | -$700.9M |
| Payment for acquisition of intangible assets | $0 | $0 | -$4.0M |
| Purchases of short-term investments | -$603.4M | -$365.9M | -$278.7M |
| Proceeds from maturities and sales of short-term investments | $264.8M | $464.7M | $1.0B |
| Proceeds from sale of facility, net of cash and selling costs | $0 | $47.8M | $0 |
| Proceeds from the sales of property and equipment | $42.4M | $300.0K | $800.0K |
| Net cash used in investing activities | -$785.5M | -$84.1M | -$114.3M |
| Proceeds from the issuance of Series A Convertible Preferred Stock | $2.0B | $0 | $0 |
| Proceeds from the issuance of 2029 Notes, net of issuance costs | $1.3B | $0 | $0 |
| Proceeds from term loans | $47.9M | $76.5M | $0 |
| Proceeds from employee stock plans | $17.1M | $16.1M | $14.4M |
| Payment for partial repurchase of 2026 Notes | -$843.1M | $0 | $0 |
| Cash paid for conversions of convertible notes | -$520.0M | $0 | $0 |
| Payment, repurchase and conversion of 2024 Notes | $0 | $0 | -$323.1M |
| Payment for 2032 capped call options | -$102.0M | $0 | $0 |
| Principal payments on term loans | -$14.0M | -$8.1M | $0 |
| Payment of withholding taxes related to net share settlement of restricted stock units | -$281.0M | -$41.7M | -$24.0M |
| Payment of acquisition related holdback | $0 | -$1.0M | $0 |
| Payment for financing costs related to revolving credit facility | -$2.4M | $0 | $0 |
| Net cash provided by (used in) financing activities | $1.6B | $41.8M | -$332.7M |
| Increase (decrease) in cash and cash equivalents | $1.5B | $84.0M | -$422.3M |
| Cash paid for taxes, net | $46.7M | $20.6M | $61.2M |
| Cash paid for interest | $15.7M | $19.1M | $19.7M |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $12.0M | $6.4M | $16.0M |
| Net transfer of assets from property, plant, and equipment to assets-held-for-sale | $4.2M | $0 | $0 |
| Holdback receivable from sale of property, plant, and equipment | $3.0M | $0 | $0 |
| Share-based purchase price consideration in connection with the Cloud Light acquisition | $0 | $0 | $23.5M |
| Aggregate principal amount of the convertible notes settled through issuance of common stock (equitization) | $1.1B | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Lumentum (United States) sits at the top of its group. 48 entities, 20 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Lumentum (United States)
- FMR LLC Filed SCHEDULE 13G/A on Lumentum (United States), latest Jul 8, 2026 (10 filings since Jun 12, 2023)
- Capital World Investors Filed SCHEDULE 13G/A on Lumentum (United States), latest May 14, 2026 (5 filings since Feb 13, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Lumentum (United States), latest Apr 30, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Lumentum (United States), latest Apr 29, 2026
- BlackRock Filed SCHEDULE 13G/A on Lumentum (United States), latest Apr 24, 2026 (4 filings since Feb 3, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Lumentum (United States), latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- Invesco Filed SCHEDULE 13G/A on Lumentum (United States), latest Nov 6, 2025 (6 filings since Feb 12, 2024)
- Point72 Asset Management, L.P. Filed SCHEDULE 13G/A on Lumentum (United States), latest Aug 14, 2025 (4 filings since Jul 2, 2024)
- PointState Capital LP Filed SCHEDULE 13G/A on Lumentum (United States), latest Aug 14, 2025 (2 filings since Feb 28, 2025)
- AllianceBernstein Filed SC 13G/A on Lumentum (United States), latest Feb 14, 2024 (3 filings since Feb 14, 2022)
- Wellington Management Company Filed SC 13G/A on Lumentum (United States), latest Aug 10, 2023 (4 filings since Feb 4, 2022)
- Lumentum (United States) Milpitas
- Bookham International Ltd. Subsidiary · Cayman Islands
- Bookham Nominees Ltd. Subsidiary · United Kingdom
- Cloud Light Optoelectronics Limited Subsidiary · British Virgin Islands
- Cloud Light Technology Limited Subsidiary · Hong Kong
- Cloud Light Technology Philippines Inc. Subsidiary · Philippines
- Dongguan Cloud Light Technology Limited Subsidiary · China
- Lumentum Asia Limited Subsidiary · Hong Kong
- Lumentum Canada ULC Subsidiary · Canada
- Lumentum Communication Technology (Shenzhen) Co., Ltd. Subsidiary · China
- Lumentum Communication Technology (Shenzhen) Co., Ltd. Wuhan Branch Subsidiary · China
- Lumentum d.o.o. Optična vlakna Subsidiary · Slovenia
- Lumentum Designs LLC Subsidiary · Delaware, United States
- Lumentum Fiber Optics, Inc. Subsidiary · Delaware, United States
- Lumentum G.K. Subsidiary · Japan
- Lumentum HoldCo Limited Subsidiary · Hong Kong
- Lumentum HoldCo Limited - Taiwan Branch Subsidiary · Taiwan
- Lumentum HoldCo Limited, Philippine Branch Subsidiary · Philippines
- Lumentum Inc. Subsidiary · Delaware, United States
- Lumentum International (Thailand) Co., Ltd. Subsidiary · Thailand
- Lumentum International Tech Co. Subsidiary · Cayman Islands
- Lumentum Israel Ltd Subsidiary · Israel
- Lumentum Italy Inc. Subsidiary · Delaware, United States
- Lumentum Italy Inc. - Branch Subsidiary · Italy
- Lumentum Japan Inc. Subsidiary · Japan
- Lumentum Netherlands B.V. Subsidiary · Netherlands
- and 22 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Lumentum (United States) reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.0B4 Jun 27, 2026 | $1.5B4 Jun 28, 2025 | +36.1% |
| Accumulated depreciation | $855.6M4 Jun 27, 2026 | $753.4M4 Jun 28, 2025 | +13.6% |
| Operating-lease assets (leased space) | $29.2M4 Jun 27, 2026 | $27.9M4 Jun 28, 2025 | +4.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $2.0B4 Jun 27, 2026 | $520.7M4 Jun 28, 2025 | +292.5% |
| Marketable securities, current | $694.9M4 Jun 27, 2026 | $356.4M4 Jun 28, 2025 | +95.0% |
| Debt securities available for sale | $694.9M4 Jun 27, 2026 | $356.4M4 Jun 28, 2025 | +95.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.1B4 Jun 27, 2026 | $1.1B4 Jun 28, 2025 | +0.8% |
| Intangible assets, net (excluding goodwill) | $326.9M4 Jun 27, 2026 | $465.1M4 Jun 28, 2025 | −29.7% |
| Finite-lived intangibles, gross | $1.3B4 Jun 27, 2026 | $1.3B4 Jun 28, 2025 | −0.2% |
| Accumulated amortization | $938.0M4 Jun 27, 2026 | $802.6M4 Jun 28, 2025 | +16.9% |
| Finite-lived intangibles, net | $326.9M4 Jun 27, 2026 | $465.1M4 Jun 28, 2025 | −29.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $691.6M4 Jun 27, 2026 | $470.1M4 Jun 28, 2025 | +47.1% |
| Raw materials | $370.2M4 Jun 27, 2026 | $253.2M4 Jun 28, 2025 | +46.2% |
| Work in process | $232.4M4 Jun 27, 2026 | $159.1M4 Jun 28, 2025 | +46.1% |
| Finished goods | $89.0M4 Jun 27, 2026 | $57.8M4 Jun 28, 2025 | +54.0% |
Properties, in its own words
We own and lease various properties in the United States and eleven other countries around the world. We use the properties for executive and administrative offices, product development offices, customer service offices and manufacturing facilities. Our current corporate headquarters, which we own, is approximately 124,000 square feet and located in San Jose, California. As of June 27, 2026, our leased and owned properties in total are approximately 3,100,000 square feet, of which we own approximately 2,136,000 square feet, including the 1,173,000 square feet manufacturing sites in Thailand, the 183,000 square feet manufacturing site in the United Kingdom, the 148,000 square feet manufacturing site in Greensboro, North Carolina, the 124,000 square feet on the San Jose campus, the 472,000 square feet manufacturing and R&D site in Japan, and the 36,000 square feet manufacturing and R&D sites in Slovenia. Leased sites include properties located in Canada, China, Hong Kong, Italy, Japan, Switzerland, Taiwan, the United States, and South Korea. We believe our existing properties, including both owned and leased sites, are in good condition and suitable for the conduct of our business.
From time-to-time we consider various alternatives related to our long-term facilities’ needs. While we believe our existing facilities are adequate to meet our immediate needs, it may become necessary to lease, acquire, or sell additional or alternative space to accommodate future business needs. In March 2026, we acquired a manufacturing facility in Greensboro, North Carolina, which mainly included land, building, machinery and equipment. In March 2026, we also completed the sale of two commercial real estate properties located in San Jose, California. The properties consist of commercial buildings used by us for administrative, research and development and manufacturing support activities. In March 2025, we completed a transaction to sell the land and building of a 250,000 square feet manufacturing facility located in Shenzhen, China. In July 2024, we completed a transaction to purchase the land and building of our wafer fabrication facility located in Sagamihara, Japan. Our lease of the building at the premises was terminated as a result of the purchase.
Item 2 of the 10-K filed Aug 17, 2026.7
Leadership
Who has led Lumentum (United States), and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
20202025
- Chief executive officerMichael E. Hurlston Feb 11, 2025 to now16
- Chief executive officerAlan S. Lowe Jul 16, 2015 to Feb 19, 202517
- PresidentMichael E. Hurlston Feb 11, 2025 to now16
- PresidentVincent Retort Feb 20, 2024 to Feb 11, 202518
- PresidentYuen Wupen Feb 20, 2024 to Feb 11, 202519
- PresidentAlan S. Lowe Jul 16, 2015 to Feb 20, 201917
- Chief financial officerWajid Ali Feb 15, 2019 to now20
- Chief financial officerChristopher W. Coldren Jun 12, 2018 to Nov 19, 201821
- Chief financial officerAaron Tachibana Jul 16, 2015 to Aug 24, 201822
- Chief operating officerVincent Retort Feb 24, 2016 to Nov 17, 202323
Board members and other officers (24)
- OfficerIsaac Hosojiro Harris Jan 5, 2026 to now24
- OfficerEric Chang Feb 10, 2026 to now25
- OfficerYuen Wupen Oct 2, 2023 to Nov 17, 202326
- Chief Accounting OfficerMatthew Joseph Sepe Jun 12, 2018 to now27
- SVP & General CouselJudy G. Hamel Aug 17, 2018 to May 17, 202428
- SVP, OperationsCraig Cocchi Aug 7, 2015 to Feb 24, 201629
- SVP, SalesJason Reinhardt Aug 7, 2015 to Aug 25, 202330
- SVP, Research & DevelopmentVincent Retort Aug 7, 2015 to now31
- Board memberMichael E. Hurlston Feb 11, 2025 to now16
- Board memberTrent Thad Dec 22, 2025 to now32
- Board memberPaul Lundstrom Dec 17, 2024 to now33
- Board memberIsaac Hosojiro Harris Jun 10, 2021 to now34
- Board memberJanet S. Wong Sep 16, 2020 to Nov 21, 202335
- Board memberIan Small Dec 14, 2018 to now36
- Board memberJulia Suzanne Johnson Nov 9, 2017 to now37
- Board memberAlan S. Lowe Jul 16, 2015 to now17
- Board memberRex S. Jackson Jul 16, 2015 to Jul 16, 201538
- Board memberBrian Lillie Aug 7, 2015 to now39
- Board memberHarold L. Covert Aug 7, 2015 to Nov 26, 202440
- Board memberMartin A. Kaplan Aug 7, 2015 to Feb 27, 201941
- Board memberPenny Herscher Aug 7, 2015 to now42
- Board memberSamuel F. Thomas Aug 7, 2015 to Aug 25, 202043
- General counselJae Kim May 28, 2024 to now44
- General counselJudy G. Hamel Aug 7, 2015 to May 17, 201845
Subsidiaries and ownership
Subsidiaries
- Lumentum Japan
Subsidiaries (Exhibit 21)
- Bookham International Ltd. Cayman Islands6
- Bookham Nominees Ltd. United Kingdom6
- Cloud Light Optoelectronics Limited British Virgin Islands6
- Cloud Light Technology Limited Hong Kong6
- Cloud Light Technology Philippines Inc. Philippines6
- Dongguan Cloud Light Technology Limited China6
- Lumentum Asia Limited Hong Kong6
- Lumentum Canada ULC Canada6
- Lumentum Communication Technology (Shenzhen) Co., Ltd. China6
- Lumentum Communication Technology (Shenzhen) Co., Ltd. Wuhan Branch China6
- Lumentum Designs LLC Delaware6
- Lumentum Fiber Optics, Inc. Delaware6
- Lumentum G.K. Japan6
- Lumentum HoldCo Limited Hong Kong6
- Lumentum HoldCo Limited - Taiwan Branch Taiwan6
- Lumentum HoldCo Limited, Philippine Branch Philippines6
- Lumentum Inc. Delaware6
- Lumentum International (Thailand) Co., Ltd. Thailand6
- Lumentum International Tech Co. Cayman Islands6
- Lumentum Israel Ltd Israel6
- Lumentum Italy Inc. Delaware6
- Lumentum Italy Inc. - Branch Italy6
- Lumentum Japan Inc. Japan6
- Lumentum Netherlands B.V. Netherlands6
All 48 listed subsidiaries
- Lumentum Netherlands B.V. - France Branch France6
- Lumentum Netherlands B.V. - Germany Branch Germany6
- Lumentum Networks LLC Delaware6
- Lumentum Operations LLC Delaware6
- Lumentum Optics Inc. Delaware6
- Lumentum Ottawa ULC Canada6
- Lumentum SK Limited South Korea6
- Lumentum Switzerland AG Switzerland6
- Lumentum Systems LP Delaware6
- Lumentum Taiwan Co., Ltd. Taiwan6
- Lumentum Technologies ULC Canada6
- Lumentum Technology UK Limited United Kingdom6
- Lumentum d.o.o. Optična vlakna Slovenia6
- LumentumEdge GmbH Switzerland6
- LumentumRadiant GmbH Switzerland6
- LumentumRadiant GmbH - U.S. Branch California6
- NeoPhotonics Corporation Delaware6
- NeoPhotonics Corporation (R&D Center – Canada branch) Canada6
- NeoPhotonics Corporation Limited Hong Kong6
- NeoPhotonics Dongguan Co. Ltd. China6
- Oclaro Innovations LLP United Kingdom6
- Oclaro Malaysia Sdn Bhd Malaysia6
- Oclaro Technology (Shenzhen) Co. Ltd. China6
- Taiwan Cloud Light Technology Limited Taiwan6
From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Acquisitions
Timeline
- Aug 11, 20268-K Results of operations46
- Jul 30, 20268-K Executive or director change47
- Jun 1, 20268-K Unregistered sale of shares48
- May 5, 20268-K Results of operations49
- Apr 8, 20268-K Unregistered sale of shares50
- Mar 2, 20268-K Unregistered sale of shares; Bylaws or fiscal year changed; Regulation FD disclosure51
- Feb 3, 20268-K Results of operations52
- Jan 5, 20268-K Executive or director change53
- Dec 22, 20258-K Entered a material agreement; New debt or obligation54
- Dec 15, 20258-K Executive or director change55
- Nov 24, 20258-K Executive or director change; Shareholder vote56
- Nov 4, 20258-K Results of operations57
- Aug 2025Went public Listed on NASDAQ1
- Feb 11, 2025New chief executive Michael E. Hurlston becomes CEO16
- Jul 16, 2015New chief executive Alan S. Lowe becomes CEO17
- 2015Founded Founded1
Calendar
Coming up
- Nov 5, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.60 a share, on Nov 4, 2025.58
When it reported results
- Aug 11, 2026Reported quarterly or annual results46
- May 5, 2026Reported quarterly or annual results49
- Feb 3, 2026Reported quarterly or annual results52
- Nov 4, 2025Reported quarterly or annual results57
- Aug 12, 2025Reported quarterly or annual results59
- May 6, 2025Reported quarterly or annual results60
- Feb 6, 2025Reported quarterly or annual results61
- Feb 3, 2025Reported quarterly or annual results62
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
594 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 311 insider forms, 45 large holders, 168 other. The latest 20:
- Oct 6, 2026ARS ANNUAL REPORT TO SECURITY HOLDERS EDGAR
- Oct 6, 2026DEFA14A DEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALS EDGAR
- Oct 6, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
- Oct 2, 20264 EDGAR
- Oct 1, 2026144 EDGAR
- Sep 30, 20264 EDGAR
- Sep 29, 2026144 EDGAR
- Sep 28, 2026144 EDGAR
- Sep 25, 2026144 EDGAR
- Sep 25, 20264 EDGAR
- Sep 24, 2026144 EDGAR
- Sep 23, 2026144 EDGAR
- Sep 23, 20264 EDGAR
- Sep 22, 2026144 EDGAR
- Sep 21, 2026144 EDGAR
- Sep 18, 2026144 EDGAR
- Sep 18, 20264 EDGAR
- Sep 17, 2026144 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 15, 2026144 EDGAR
The 594 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
122 open-market trades by officers, directors and large owners since October 2021: 0 buys and 122 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 29, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 307 | $945.00 | $290.1K | Form 4 |
| Sep 28, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $948.50 | $474.2K | Form 4 |
| Sep 25, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $935.75 | $467.9K | Form 4 |
| Sep 24, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $921.07 | $460.5K | Form 4 |
| Sep 23, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $946.56 | $473.3K | Form 4 |
| Sep 22, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $935.55 | $467.8K | Form 4 |
| Sep 21, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $959.27 | $479.6K | Form 4 |
| Sep 18, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $920.00 | $460.0K | Form 4 |
| Sep 17, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $933.45 | $466.7K | Form 4 |
| Sep 16, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $856.83 | $428.4K | Form 4 |
| Sep 15, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $841.51 | $420.8K | Form 4 |
| Sep 14, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $862.14 | $431.1K | Form 4 |
| Sep 11, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $944.41 | $472.2K | Form 4 |
| Sep 10, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $961.44 | $480.7K | Form 4 |
| Sep 9, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $978.54 | $489.3K | Form 4 |
| Sep 8, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $895.99 | $448.0K | Form 4 |
| Sep 4, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $860.00 | $430.0K | Form 4 |
| Sep 3, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $870.01 | $435.0K | Form 4 |
| Sep 2, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $864.49 | $432.2K | Form 4 |
| Sep 1, 2026 | Wupen YuenPRESIDENT, GLOBAL BUS. UNITS | Sale | 500 | $901.04 | $450.5K | Form 4 |
All 122 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G/A, 10 filings Jun 12, 2023 to Jul 8, 202663
- Capital World InvestorsSCHEDULE 13G/A, 5 filings Feb 13, 2025 to May 14, 202664
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202665
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202666
- BlackRockSCHEDULE 13G/A, 4 filings Feb 3, 2022 to Apr 24, 202667
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202668
- InvescoSCHEDULE 13G/A, 6 filings Feb 12, 2024 to Nov 6, 202569
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 4 filings Jul 2, 2024 to Aug 14, 202570
- PointState Capital LPSCHEDULE 13G/A, 2 filings Feb 28, 2025 to Aug 14, 202571
- AllianceBernsteinSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202472
- Wellington Management CompanySC 13G/A, 4 filings Feb 4, 2022 to Aug 10, 202373
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2026 | Michael Hurlston | 59 | $900.0K | $15.4M74 |
| 2026 | Wajid Ali | 53 | $556.0K | $8.9M74 |
| 2026 | Wupen Yuen | 57 | $504.0K | $8.9M74 |
| 2026 | Vincent Retort | 72 | $556.0K | $7.5M74 |
| 2026 | Jae Kim | 55 | $450.0K | $4.9M74 |
| 2025 | President and Chief Executive Officer | $315.0K | $27.7M74 | |
| 2025 | Executive Vice PresidentGlobal Reliability & Quality | $556.0K | $5.7M74 | |
| 2025 | PresidentGlobal Business Units | $504.0K | $5.4M74 | |
| 2025 | Executive VicePresident and Chief Financial Officer | $556.0K | $4.8M74 | |
| 2025 | Senior Vice PresidentGeneral Counsel and Secretary | $450.0K | $2.6M74 | |
| 2024 | PresidentGlobal Business Units | $449.4K | $5.6M74 | |
| 2024 | Executive Vice PresidentGlobal Reliability & Quality | $515.9K | $5.2M74 | |
| 2024 | Executive VicePresident and Chief Financial Officer | $515.9K | $4.4M74 | |
| 2024 | Senior Vice PresidentGeneral Counsel and Secretary | $130.5K | $2.1M74 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 9,179,958 | $7.9B | 0.1% | +1,342,980 |
| Vanguard Capital Management LLC | 5,078,410 | $4.4B | 0.1% | +438,622 |
| Vanguard Portfolio Management LLC | 4,092,283 | $3.5B | 0.2% | +390,759 |
| Jpmorgan Chase & Co | 4,059,807 | $3.5B | 0.2% | +1,118,364 |
| Fmr LLC | 3,519,154 | $3.0B | 0.1% | −3,665,886 |
| State Street Corp | 3,453,717 | $3.0B | 0.1% | +415,167 |
| Invesco Ltd. | 3,176,260 | $2.7B | 0.2% | +1,999,867 |
| Geode Capital Management, LLC | 2,245,102 | $1.9B | 0.1% | +117,660 |
| Jupiter Topco LLC | 1,889,608 | $1.6B | 0.7% | New |
| Arrowstreet Capital, Limited Partnership | 1,370,571 | $1.2B | 0.5% | +965,704 |
| Morgan Stanley | 1,309,986 | $1.1B | 0.1% | +282,412 |
| Norges Bank | 1,168,079 | $1.0B | 0.1% | New |
| Goldman Sachs Group Inc | 1,107,958 | $950.7M | 0.1% | +217,180 |
| Charles Schwab Investment Management Inc | 983,932 | $844.3M | 0.1% | +9,898 |
| Value Aligned Research Advisors, LLC | 734,687 | $630.4M | 3.8% | −322,573 |
| Bank Of Montreal /can/ | 723,041 | $620.4M | 0.2% | +455,016 |
| Bank Of America Corp /de/ | 677,839 | $581.6M | 0.0% | +105,286 |
| D. E. Shaw & Co., Inc. | 668,011 | $573.2M | 0.4% | +654,005 |
| Amundi | 658,427 | $565.0M | 0.1% | +430,355 |
| Capital World Investors | 638,222 | $547.6M | 0.1% | −675,630 |
| Nuveen, LLC | 626,008 | $537.2M | 0.1% | +79,136 |
| Northern Trust Corp | 624,207 | $535.6M | 0.1% | +46,308 |
| Schroder Investment Management Group | 603,512 | $517.8M | 0.4% | −2,544 |
| Winslow Capital Management, LLC | 595,561 | $511.0M | 1.8% | New |
| Clear Street Group Inc. | 585,683 | $502.6M | 1.6% | +171,515 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 17, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Sale | $1,001 - $15,000 | −14.8% | Report |
| May 22, 2026 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −11.7% | Report |
| Apr 14, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −9.2% | Report |
| Mar 27, 2026 | Alan ArmstrongRepublican, Senate | Buy | $1,001 - $15,000 | +2.0% | Report |
| Nov 26, 2021 | Thomas R Carper, Senate | Buy | $1,001 - $15,000 | +833.4% | Report |
| Jun 21, 2021 | Susie LeeDemocratic, House | Sale | $1,001 - $15,000 | −887.9% | Report |
| Nov 4, 2020 | Susie LeeDemocratic, House | Buy | $1,001 - $15,000 | +799.5% | Report |
| Oct 19, 2020 | Susie LeeDemocratic, House | Buy | $1,001 - $15,000 | +818.1% | Report |
| Oct 7, 2020 | Susie LeeDemocratic, House | Buy | $1,001 - $15,000 | +853.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Lumentum (United States) is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLumentum Holdings Inc.2
- CIK0001633978
- Employer ID (EIN)47-31083857
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company7
- Incorporated inDelaware7
- Fiscal year endsJune 272
- Industry code (SIC)3669 Communications Equipment, NEC2
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
- Business address1001 Ridder Park Drive, San Jose, CA 951312
- Phone408-546-54832
- Shares outstanding89,700,000 shares as of Aug 14, 20267
- Public float$16.5B as of Dec 26, 20257
- AuditorDELOITTE & TOUCHE LLP, San Jose, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting7
- On EDGAR sinceFeb 26, 20152
- Filings1,292 in all: 4 (741), 144 (109), 8-K (103), SC 13G/A (44), 10-Q (33), 425 (33), 4/A (32), 3 (27)2
All 31 form types
DEFA14A (25), CORRESP (20), SCHEDULE 13G/A (20), SC 13G (15), UPLOAD (15), 10-K (12), DEF 14A (12), S-8 (11), SD (11), 10-12B/A (5), ARS (4), SCHEDULE 13G (4), 10-K/A (3), 8-K/A (3), 3/A (2), 10-12B (1), 424B3 (1), CERTNAS (1), EFFECT (1), NT 10-K (1), NT 10-Q (1), S-4 (1), S-4/A (1)
- Latest filingsAnnual report (10-K) Aug 17, 2026
Quarterly report (10-Q) May 6, 2026
Proxy statement (DEF 14A) Oct 6, 2026
Latest 8-K (8-K) Aug 11, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value of $0.001 per share | LITE | Nasdaq Global Select Market |
From the cover page of the 10-K filed Aug 17, 2026 (Section 12(b) of the Exchange Act).7
Risk factors and legal proceedings
The risks Lumentum (United States) names in Item 1A of its 10-K filed Aug 17, 2026: 51 risks under these headings, as written.7
- Risks Related to our Business
- Risks Related to Our Indebtedness
- Risks Related to Human Capital
- Risks Related to Legal, Regulatory and Compliance
- Risks Related to Our Common Stock
- Risks Related to Our Business
- Our operating results may be adversely affected by unfavorable changes in macroeconomics and market conditions and the uncertain geopolitical environment.
- Adverse changes in political, regulatory and economic policies, including the threats of increasing worldwide tariffs for goods imported into the United States and of escalating retaliatory measures, could adversely affect our business and results of operations.
- We depend on a limited number of suppliers for raw materials, packages and components, and any failure or delay by these suppliers in meeting our requirements could have an adverse effect on our business and results of operations.
- Our financial results may be adversely affected due to changes in product demand impacted by recessions, increases in interest rates, stagflation and other economic conditions.
- Our ability to sell our products to a previously significant customer has been restricted.
- Inflation and increased borrowing costs could impact our cash flows and profitability.
The other 45 risks
- Our backlog may not be an accurate indicator of our level and timing of future revenues.
- We expect our gross margins and operating margins to vary over time.
- Challenges relating to supply chain constraints, including semiconductor components, could adversely impact our business, results of operations and financial condition.
- If we do not anticipate technological shifts, market needs and opportunities, we may not be able to compete effectively and our ability to generate revenues will suffer.
- Changing technology and intense competition require us to continuously innovate while controlling product costs, and our failure to do so may result in decreased revenues and profitability.
- We rely on a limited number of customers for a significant portion of our sales; and the majority of our customers do not have contractual purchase commitments.
- Intense competition in our markets may lead to an accelerated reduction in our prices, revenues, margins and market share.
- We are subject to risks arising from our international operations, which may adversely affect our business, financial condition, and results of operations.
- We are subject to the risks of owning real property.
- Changes in demand and customer requirements for our products may be difficult to forecast. We may be unable to increase our manufacturing capacity to meet future demand, or we may experience difficulties in generating and maintaining demand to optimize our manufacturing capacity. If we are unable to align supply with demand, it could have an adverse effect on our business, results of operations, or financial condition.
- If we are unable to manufacture certain products in our manufacturing facilities or if we or our contract manufacturers and suppliers are unable or fail to meet our production requirements, our business may be adversely affected.
- Changes in demand and customer requirements for our products may reduce manufacturing yields, which could negatively impact our profitability.
- If our customers do not qualify our manufacturing lines or the manufacturing lines of our subcontractors for volume shipments, our operating results could suffer.
- We contract with a number of large OEM and end-user service providers and product companies that have considerable bargaining power, which may require us to agree to terms and conditions that could have an adverse effect on our business or ability to recognize revenues.
- Our products may contain defects that could cause us to incur significant costs, divert our attention from product development efforts and result in loss of customers.
- If we are unable to successfully identify, acquire and integrate suitable businesses, our operating results and prospects could be harmed, and any businesses we acquire may not perform as expected or be effectively integrated.
- Restructuring activities could disrupt our business and affect our results of operations.
- We may not be able to realize tax savings from our international structure, which could adversely affect our operating results.
- Changes in tax laws could have an adverse effect on our business, cash flow, results of operations or financial conditions.
- Our operating results may be subject to volatility due to fluctuations in foreign currency.
- We may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all.
- If we fail to effectively manage our growth or, alternatively, our spending during downturns, our business could be disrupted, which could harm our operating results.
- Any failure, disruption or security breach or incident of or impacting our information technology infrastructure or information management systems could have an adverse impact on our business and operations.
- Our revenues, operating results, and cash flows may fluctuate from period to period due to a number of factors, which makes predicting financial results difficult.
- If we have insufficient proprietary rights or if we fail to protect our rights, our business could be harmed.
- Our products may be subject to claims that they infringe the intellectual property rights of others, the resolution of which may be time-consuming and expensive, as well as require a significant amount of resources to prosecute, defend, or make our products non-infringing.
- We face certain litigation risks that could harm our business.
- Our products incorporate and rely on licensed third-party technology, and if licenses of third-party technology do not continue to be available to us or are not available on terms acceptable to us, our revenues and ability to develop and introduce new products could be adversely affected.
- If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
- Servicing our existing and future indebtedness, including the 2026 Notes, 2028 Notes, 2029 Notes and 2032 Notes (collectively referred to as the “convertible notes”) and any revolving loans under our Credit Agreement, may require a significant amount of cash, and we may not have sufficient cash flow or the ability to raise the funds necessary to satisfy our obligations under the convertible notes and our Credit Agreement, and our current and future indebtedness may limit our operating flexibility or otherwise affect our business.
- Our current and future indebtedness may limit our operating flexibility or otherwise affect our business.
- Our ability to develop, market and sell products could be harmed if we are unable to retain or hire key personnel.
- Our ability to hire and retain employees may be negatively impacted by changes in immigration laws, regulations and procedures.
- Our sales may decline if we are unable to obtain government authorization to export certain of our products, and we may be subject to legal and regulatory consequences if we do not comply with applicable export control laws and regulations.
- Social and environmental responsibility regulations, policies and provisions, as well as customer and investor demands, may make our supply chain more complex and may adversely affect our relationships with customers and investors.
- Our reputation and/or business could be negatively impacted by ESG matters and/or our reporting of such matters.
- We may be adversely affected by climate change regulations.
- We are subject to laws and regulations worldwide including with respect to environmental matters, securities laws, privacy and data protection, compliance with which could increase our expenses and harm our operating results.
- Our stock price may be volatile and may decline regardless of our operating performance.
- Transactions relating to our convertible notes may dilute the ownership interest of existing stockholders, or may otherwise depress the price of our common stock.
- We do not expect to pay dividends on our common stock.
- Certain provisions in our charter and Delaware corporate law could hinder a takeover attempt.
- Our bylaws designate Delaware courts as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could discourage lawsuits against us or our directors and officers.
- The 2032 Capped Call Options may affect the value of our common stock.
- We are subject to counterparty risk with respect to the 2032 Capped Call Options.
Legal proceedings
We are subject to a variety of claims and suits that arise from time-to-time in the ordinary course of our business. As such, we regularly evaluate developments in legal matters that could affect the amount of the previously accrued liability and record adjustments as appropriate. While management currently believes that resolving claims against us, individually or in the aggregate, will not have a material adverse impact on our financial position, results of operations or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. Should we experience an unfavorable final outcome, there exists the possibility of a material adverse impact on our financial position, results of operations or cash flows for the period in which the effect becomes reasonably estimable. For a description of our material pending legal proceedings, refer to “Note 16. Commitments and Contingencies” to the consolidated financial statements.
The opening of Item 3, Legal Proceedings.7
Links
- Websitewww.lumentum.com1
- Websitewww.lumentum.com/en1
- X (Twitter)x.com/Lumentum1
- YouTubewww.youtube.com/channel/UChaB6pmGpBEh1Ufa2dSHm4A1
- LinkedInwww.linkedin.com/company/lumentum1
- WikidataQ30272341
- SEC EDGARCIK 1633978
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3Company websiteLumentum (United States) logo
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18SEC EDGARVincent Retort, President
- 19SEC EDGARYuen Wupen, President
- 20SEC EDGARWajid Ali, Chief financial officer
- 21
- 22
- 23
- 24SEC EDGARIsaac Hosojiro Harris, Officer
- 25SEC EDGAREric Chang, Officer
- 26SEC EDGARYuen Wupen, Officer
- 27
- 28SEC EDGARJudy G. Hamel, SVP & General Cousel
- 29SEC EDGARCraig Cocchi, SVP, Operations
- 30SEC EDGARJason Reinhardt, SVP, Sales
- 31
- 32SEC EDGARTrent Thad, Board member
- 33SEC EDGARPaul Lundstrom, Board member
- 34SEC EDGARIsaac Hosojiro Harris, Board member
- 35SEC EDGARJanet S. Wong, Board member
- 36SEC EDGARIan Small, Board member
- 37SEC EDGARJulia Suzanne Johnson, Board member
- 38SEC EDGARRex S. Jackson, Board member
- 39SEC EDGARBrian Lillie, Board member
- 40SEC EDGARHarold L. Covert, Board member
- 41SEC EDGARMartin A. Kaplan, Board member
- 42SEC EDGARPenny Herscher, Board member
- 43SEC EDGARSamuel F. Thomas, Board member
- 44SEC EDGARJae Kim, General counsel
- 45SEC EDGARJudy G. Hamel, General counsel
- 46SEC EDGARResults of operations
- 47SEC EDGARExecutive or director change
- 48SEC EDGARUnregistered sale of shares
- 49SEC EDGARResults of operations
- 50SEC EDGARUnregistered sale of shares
- 51
- 52SEC EDGARResults of operations
- 53SEC EDGARExecutive or director change
- 54
- 55SEC EDGARExecutive or director change
- 56
- 57SEC EDGARResults of operations
- 58NasdaqNasdaq calendar
- 59
- 60
- 61
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