Lumentum Holdings Files 2025 10-K

TL;DR

Lumentum's 2025 10-K is in! Check financials for comms equipment giant.

AI Summary

Lumentum Holdings Inc. filed its 10-K for the fiscal year ending June 28, 2025, reporting on its financial performance and business operations. The company, headquartered in San Jose, CA, is a key player in the communications equipment sector. This filing provides a comprehensive overview of its assets, liabilities, and equity, as well as its revenues and expenses for the period.

Why It Matters

This filing is crucial for investors and analysts to understand Lumentum's financial health, strategic direction, and potential risks as of June 28, 2025.

Risk Assessment

Risk Level: medium — The filing covers a full fiscal year and includes detailed financial statements, but the specific risks and forward-looking statements within the full document would determine a more precise risk assessment.

Key Numbers

• 2025-06-28 — Fiscal Year End (The period covered by the 10-K filing.)
• 2025-08-19 — Filing Date (The date the 10-K was submitted to the SEC.)

Key Players & Entities

• Lumentum Holdings Inc. (company) — Filer of the 10-K
• San Jose, CA (location) — Company headquarters
• June 28, 2025 (date) — Fiscal year end
• August 19, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — registered Common Stock, par value of $0.001 per share LITE Nasdaq Global Select Mar
• $84.36 — tly completed second fiscal quarter) of $84.36 per share, as reported on the Nasdaq Gl

Filing Documents

• lite-20250628.htm (10-K) — 3210KB
• liteq425-ex211.htm (EX-21.1) — 43KB
• liteq425-ex231.htm (EX-23.1) — 2KB
• liteq425-ex311.htm (EX-31.1) — 9KB
• liteq425-ex312.htm (EX-31.2) — 9KB
• liteq425-ex321.htm (EX-32.1) — 7KB
• liteq425-ex322.htm (EX-32.2) — 7KB
• liteq425-ex971.htm (EX-97.1) — 40KB
• lite-20250628_g1.jpg (GRAPHIC) — 100KB
• 0001628280-25-040830.txt ( ) — 18684KB
• lite-20250628.xsd (EX-101.SCH) — 98KB
• lite-20250628_cal.xml (EX-101.CAL) — 169KB
• lite-20250628_def.xml (EX-101.DEF) — 682KB
• lite-20250628_lab.xml (EX-101.LAB) — 1261KB
• lite-20250628_pre.xml (EX-101.PRE) — 1016KB
• lite-20250628_htm.xml (XML) — 3499KB

BUSINESS

BUSINESS 2 ITEM 1A.

RISK FACTORS

RISK FACTORS 11 ITEM 1B. UNRESOLVED STAFF COMMENTS 38 ITEM 1C. CYBERSECURITY 38 ITEM 2.

PROPERTIES

PROPERTIES 40 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 40 ITEM 4. MINE SAFETY DISCLOSURES 40 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 41 ITEM 6. RESERVED 42 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 43 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 59 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 60 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 122 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 122 ITEM 9B. OTHER INFORMATION 124 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 124 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 125 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 125 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 125 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 125 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 125 PART IV ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES 126 ITEM 16. FORM 10-K SUMMARY 129

SIGNATURES

SIGNATURES 130 1 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this "Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements relate to, among other things, our markets and industry, products and strategy, the impact of export regulation changes, the expected benefits of our acquisitions, macroeconomic conditions, including supply chain conditions and inventory management by our customers, the effects of the COVID-19 pandemic, instability and uncertainty in the banking and financial services markets, and tightening credit markets on our business and results of operations, sales, gross margins, operating expenses, capital expenditures and requirements, liquidity, product development and research and development efforts, manufacturing plans, litigation, effective tax rates and tax reserves, our corporate and financial reporting structure, our plans for growth and innovation, our expectations regarding U.S.-China relations, international trade regulation and restrictions (including tariffs, duties, and export controls to be implemented by the U.S. and other countries), market and regulatory conditions, trends and uncertainties in our business and financial results, and are often identified by the use of words such as, but not limited to, "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "project," "seek," "should," "target," "will," "would," "contemplate," "believe," "predict," "potential" and similar expressions or variations intended to identify forward-looking statements. These statements are based on the beliefs and assumptions of our management, which are in turn based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other important factors that could cause act

BUSINESS

ITEM 1. BUSINESS General Overview Lumentum Holdings Inc. ("we," "us," "our", "Lumentum" or the "Company") is a leading provider of optical and photonic products and is recognized as an industry leader 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 two end-market focused reportable segments, Cloud & Networking and Industrial Tech. Our Cloud & Networking products comprise a comprehensive portfolio of optical and photonic chips, components, modules, and subsystems supplied to cloud data center operators, AI/ML infrastructure providers, and network equipment manufacturer customers who are building cloud data center and network infrastructures. Our products enable high-capacity optical links for cloud computing, AI/ML workloads, and data center interconnect ("DCI") applications, as well as for communications service provider networks. Our offerings support access (local), metro (intracity), long-haul (intercity and global), and submarine (undersea) network infrastructure. Additionally, our Cloud & Networking products serve enterprise network infrastructure needs, including storage area networks ("SANs"), local area networks ("LANs"), and wide area networks ("WANs"). Demand for our products is fueled by the ongoing expansion of network capacity required to support cloud and services, AI/ML processing, streaming video, video conferencing, wireless and mobile connectivity, and the internet of things ("IoT"). Our Industrial Tech products include short-pulse solid-state lasers, kilowatt-class fiber lasers, diode lasers, and gas lasers, serving a wide range of end-markets applications. In the consumer market, our laser light sources are integrated into customers' 3D sensing cameras, primarily used in mobile devices. In the industrial manufacturing market, our lasers are embedded in machine tools use

View Full Filing

View this 10-K filing on SEC EDGAR