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primarysourced Photonics sector Lumentum
LITE
~2 min read · 352 words ·updated 2026-04-29

Financials overview

Lumentum is a US-domestic filer — Form 10-K annually + 10-Q quarterly + 8-K event-driven + Form 4 insider real-time. Fiscal year ends on the Saturday closest to June 30 (52/53-week fiscal year, common in semis). All amounts in USD.

Status: Detailed quarterly trend, segment mix, balance sheet, and DCF/comps pages are stubs awaiting agent population. The placeholders below describe the structure.

Filing regime

FilingFrequencyUse
Form 10-KAnnual (Aug/Sep for FY ending late June)Full audited financials, MD&A, risk factors, capital structure
Form 10-QQuarterlyUnaudited interim financials
Form 8-KEvent-drivenMaterial agreements (NVDA $2B investment, Cloud Light close), earnings, capital actions
Schedule 13G/13DPer holder ≥5%Institutional ownership
Form 4Per insider transactionReal-time insider activity (10b5-1 plans common at LITE)

Segment structure (high level)

SegmentDrivers
Cloud & NetworkingInP EML/laser sources (AI-datacenter pull-through), ROADM/wave-shaper (telecom carrier capex), datacom transceivers (Cloud Light hyperscaler-direct) — dominant and growing
Industrial Tech3D-sensing VCSELs, industrial lasers — slower-growing, consumer-cycle-sensitive

Capex cycle (AI-pivot inflection)

The March 2026 NVDA $2B strategic investment funds an EML capacity build dedicated to NVDA. Lumentum’s FY2026/FY2027 capex envelope re-rates materially upward as a result; the question is unit economics on the NVDA-allocated capacity vs. the rest of the merchant EML book.

Sub-pages

  • Quarterly trend — last 8 quarters revenue, GM, opex, EPS
  • Segment revenue mix — Cloud & Networking vs Industrial Tech, AI/non-AI splits
  • Balance sheet — cash, debt, working capital, fab assets, NVDA strategic investment instrument terms
  • Capex cycle — InP fab expansion (San Jose, Towcester), 200G/lane EML ramp, NVDA-funded portion
  • Margins and pricing — InP EML ASPs, transceiver gross-margin profile, mix-shift to AI
  • Cloud Light integration — acquisition financials, transceiver-segment build-up
  • Comparable transactions — Coherent Corp comp, NVDA-direct strategic-investment comps
  • DCF assumptions — capacity utilization, ASP trajectory, NVDA-customer concentration scenarios
  • Earnings calls — most recent transcripts and management commitments