Lumentum Holdings Inc. (LITE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 808.4M | 665.5M | 533.8M | 480.7M | 425.2M | 402.2M | 336.9M | 308.3M | 336.9M | 308.3M | 317.6M | 370.8M | 383.4M | 506M | 506.8M | 422.1M | 395.4M | 446.7M | 448.4M | 392.1M |
| Revenue Growth % | 90.12% | 65.46% | 58.44% | 55.92% | 26.21% | 30.46% | 6.08% | -16.86% | -12.13% | -39.07% | -37.33% | -12.15% | -3.03% | 13.28% | 13.02% | 7.65% | -5.74% | -6.7% | -0.88% | 6.52% |
| Cost of Goods Sold | 451.4M | 425.4M | 352.3M | 320.8M | 302.7M | 302.6M | 259M | 257M | 259M | 257M | 240.9M | 281.2M | 271.4M | 362.8M | 314.9M | 240.4M | 228.2M | 239.2M | 221.8M | 235.5M |
| COGS % of Revenue | 55.84% | 63.92% | 66% | 66.74% | 71.19% | 75.24% | 76.88% | 83.36% | 76.88% | 83.36% | 75.85% | 75.84% | 70.79% | 71.7% | 62.13% | 56.95% | 57.71% | 53.55% | 49.46% | 60.06% |
| Gross Profit | 357M | 240.1M | 181.5M | 159.9M | 122.5M | 99.6M | 77.9M | 51.3M | 77.9M | 51.3M | 76.7M | 89.6M | 112M | 143.2M | 191.9M | 181.7M | 167.2M | 207.5M | 226.6M | 156.6M |
| Gross Margin % | 44.16% | 36.08% | 34% | 33.26% | 28.81% | 24.76% | 23.12% | 16.64% | 23.12% | 16.64% | 24.15% | 24.16% | 29.21% | 28.3% | 37.87% | 43.05% | 42.29% | 46.45% | 50.54% | 39.94% |
| Gross Profit Growth % | 191.43% | 141.06% | 132.99% | 211.7% | 57.25% | 94.15% | 1.56% | -42.75% | -30.45% | -64.18% | -60.03% | -50.69% | -33.01% | -30.99% | -15.31% | 16.03% | -6.7% | -9.63% | 10.16% | 20.93% |
| Operating Expenses | 182.5M | 175.8M | 174.8M | 168.3M | 160.2M | 151.2M | 160.3M | 184.7M | 160.3M | 184.7M | 157.5M | 145.5M | 163.4M | 161.6M | 167.7M | 126.3M | 120.5M | 122.2M | 111.8M | 114.5M |
| OpEx % of Revenue | 22.58% | 26.42% | 32.75% | 35.01% | 37.68% | 37.59% | 47.58% | 59.91% | 47.58% | 59.91% | 49.59% | 39.24% | 42.62% | 31.94% | 33.09% | 29.92% | 30.48% | 27.36% | 24.93% | 29.2% |
| Selling, General & Admin | 90.8M | 96.1M | 85.1M | 83.6M | 112M | 76.3M | 76.3M | 74.9M | 76.3M | 74.9M | 73M | 68.3M | 76.4M | 85.8M | 95M | 69.6M | 63.8M | 69M | 57.7M | 60.4M |
| SG&A % of Revenue | 11.23% | 14.44% | 15.94% | 17.39% | 26.34% | 18.97% | 22.65% | 24.29% | 22.65% | 24.29% | 22.98% | 18.42% | 19.93% | 16.96% | 18.75% | 16.49% | 16.14% | 15.45% | 12.87% | 15.4% |
| Research & Development | 90.6M | 80.1M | 81.4M | 79.5M | 75.9M | 74.2M | 74.3M | 73.2M | 74.3M | 73.2M | 73.5M | 73.9M | 85.4M | 75.8M | 72.7M | 56.7M | 56.7M | 53.2M | 54.1M | 54.1M |
| R&D % of Revenue | 11.21% | 12.04% | 15.25% | 16.54% | 17.85% | 18.45% | 22.05% | 23.74% | 22.05% | 23.74% | 23.14% | 19.93% | 22.27% | 14.98% | 14.34% | 13.43% | 14.34% | 11.91% | 12.07% | 13.8% |
| Other Operating Expenses | 1000K | -400K | 1000K | 1000K | -1000K | 700K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 174.5M | 64.3M | 6.7M | -8.4M | -37.7M | -51.6M | -82.4M | -133.4M | -82.4M | -133.4M | -80.8M | -55.9M | -51.4M | -18.4M | 24.2M | 55.4M | 46.8M | 85.2M | 114.8M | 42.1M |
| Operating Margin % | 21.59% | 9.66% | 1.26% | -1.75% | -8.87% | -12.83% | -24.46% | -43.27% | -24.46% | -43.27% | -25.44% | -15.08% | -13.41% | -3.64% | 4.78% | 13.12% | 11.84% | 19.07% | 25.6% | 10.74% |
| Operating Income Growth % | 562.86% | 224.61% | 108.13% | 93.7% | 54.25% | 61.32% | -1.98% | -138.64% | -60.31% | -625% | -433.88% | -200.9% | -209.83% | -121.6% | -78.92% | 31.59% | -25.36% | -26.11% | 15.96% | 31.97% |
| EBITDA | 174.5M | 128.9M | 68.9M | 52.7M | 22.4M | 13.3M | -11.8M | -34.2M | -11.8M | -34.2M | -23.6M | 22.8M | 6.3M | 44.1M | 80.9M | 97M | 88.4M | 127.3M | 156.6M | 85.2M |
| EBITDA Margin % | 21.59% | 19.37% | 12.91% | 10.96% | 5.27% | 3.31% | -3.5% | -11.09% | -3.5% | -11.09% | -7.43% | 6.15% | 1.64% | 8.72% | 15.96% | 22.98% | 22.36% | 28.5% | 34.92% | 21.73% |
| EBITDA Growth % | 679.02% | 869.17% | 683.9% | 254.09% | 289.83% | 138.89% | 50% | -250% | -287.3% | -177.55% | -129.17% | -76.49% | -92.87% | -65.36% | -48.34% | 13.85% | -17.77% | -20.44% | 9.13% | 8.4% |
| D&A (Non-Cash Add-back) | 0 | 64.6M | 62.2M | 61.1M | 60.1M | 64.9M | 70.6M | 99.2M | 70.6M | 99.2M | 57.2M | 78.7M | 57.7M | 62.5M | 56.7M | 41.6M | 41.6M | 42.1M | 41.8M | 43.1M |
| EBIT | 0 | 102.8M | 10.9M | -6M | -33.5M | -36.7M | -73.7M | -122.1M | -73.7M | -122.1M | -59.6M | -36M | -40M | -18.2M | 27.3M | 63.6M | 49M | 86.2M | 116.5M | 46.5M |
| Net Interest Income | 0 | 5.3M | 2.9M | 2.8M | 2.1M | 3.4M | 3.9M | 4.5M | 3.9M | 4.5M | 12M | 7M | 3.2M | -1.2M | -3.7M | -22.7M | -18.6M | -16.5M | -16.3M | -17.2M |
| Interest Income | 0 | 11.6M | 8.6M | 8.2M | 7.8M | 9M | 9.4M | 9.9M | 9.4M | 9.9M | 21.7M | 16.4M | 11.9M | 7.7M | 4.8M | 3.8M | 1.1M | 600K | 600K | 800K |
| Interest Expense | -6.2M | 6.3M | 5.7M | 5.4M | 5.7M | 5.6M | 5.5M | 5.4M | 5.5M | 5.4M | 9.7M | 9.4M | 8.7M | 8.9M | 8.5M | 26.5M | 19.7M | 17.1M | 16.9M | 18M |
| Other Income/Expense | 9.3M | 32.2M | -1.5M | -3M | -1.5M | 9.3M | 3.2M | 5.9M | 3.2M | 5.9M | 11.5M | 10.5M | 2.7M | -8.7M | -5.4M | -18.3M | -17.5M | -16.1M | -15.2M | -13.6M |
| Pretax Income | 183.8M | 96.5M | 5.2M | -11.4M | -39.2M | -42.3M | -79.2M | -127.5M | -79.2M | -127.5M | -69.3M | -45.4M | -48.7M | -27.1M | 18.8M | 37.1M | 29.3M | 69.1M | 99.6M | 28.5M |
| Pretax Margin % | 22.74% | 14.5% | 0.97% | -2.37% | -9.22% | -10.52% | -23.51% | -41.36% | -23.51% | -41.36% | -21.82% | -12.24% | -12.7% | -5.36% | 3.71% | 8.79% | 7.41% | 15.47% | 22.21% | 7.27% |
| Income Tax | 39.6M | 18.3M | 1M | -224.7M | 4.9M | 18.6M | 3.2M | 125M | 3.2M | 125M | -1.4M | 14.8M | -9.4M | 4.6M | 19.2M | 2.4M | 3.3M | 12.4M | 18.1M | 7M |
| Effective Tax Rate % | 21.55% | 18.96% | 19.23% | 1971.05% | -12.5% | -43.97% | -4.04% | -98.04% | -4.04% | -98.04% | 2.02% | -32.6% | 19.3% | -16.97% | 102.13% | 6.47% | 11.26% | 17.95% | 18.17% | 24.56% |
| Net Income | 144.2M | 78.2M | 4.2M | 213.3M | -44.1M | -60.9M | -82.4M | -252.5M | -82.4M | -252.5M | -67.9M | -60.2M | -39.3M | -31.7M | -400K | 34.7M | 26M | 56.7M | 81.5M | 21.5M |
| Net Margin % | 17.84% | 11.75% | 0.79% | 44.37% | -10.37% | -15.14% | -24.46% | -81.9% | -24.46% | -81.9% | -21.38% | -16.24% | -10.25% | -6.26% | -0.08% | 8.22% | 6.58% | 12.69% | 18.18% | 5.48% |
| Net Income Growth % | 426.98% | 228.41% | 105.1% | 184.48% | 46.48% | 75.88% | -21.35% | -319.44% | -109.67% | -696.53% | -16875% | -273.49% | -251.15% | -155.91% | -100.49% | 61.4% | -88.47% | -31.85% | 21.46% | 567.39% |
| Net Income (Continuing) | 144.2M | 78.2M | 4.2M | 213.3M | -44.1M | -60.9M | -82.4M | -252.5M | -82.4M | -252.5M | -67.9M | -60.2M | -39.3M | -31.7M | -400K | 34.7M | 26M | 56.7M | 81.5M | 21.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.50 | 0.89 | 0.05 | 2.96 | -0.64 | -0.88 | -1.21 | -3.72 | -1.21 | -3.72 | -1.02 | -0.88 | -0.57 | -0.46 | -0.01 | 0.49 | 0.35 | 0.75 | 1.08 | 0.28 |
| EPS Growth % | 334.38% | 201.14% | 104.43% | 179.57% | 47.11% | 76.34% | -18.63% | -322.73% | -112.28% | -708.7% | - | -279.59% | -262.86% | -161.33% | -100.55% | 75% | -87.72% | -29.25% | 25.58% | 556.77% |
| EPS (Basic) | 1.99 | 1.10 | 0.06 | 3.06 | -0.64 | -0.88 | -1.21 | -3.72 | -1.21 | -3.72 | -1.02 | -0.88 | -0.57 | -0.46 | -0.01 | 0.50 | 0.37 | 0.78 | 1.12 | 0.29 |
| Diluted Shares Outstanding | 96.2M | 87.8M | 78.3M | 72M | 69.3M | 68.9M | 68.3M | 67.8M | 68.3M | 67.8M | 66.7M | 68.3M | 68.6M | 68.3M | 68.1M | 71.5M | 74.5M | 75.3M | 75.4M | 77.5M |
| Basic Shares Outstanding | 71.5M | 71.1M | 70.3M | 69.6M | 69.3M | 68.9M | 68.3M | 67.8M | 68.3M | 67.8M | 66.7M | 68.3M | 68.6M | 68.3M | 68.1M | 68.9M | 71M | 72.3M | 72.7M | 74.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |