Lumentum Holdings (LITE) 10-K Summary — Year Ended Jun 28, 2025
Lumentum reported a mixed annual performance with revenue growth but an operating loss. Net income and operating cash flow were positive, and the company maintains a strong liquidity position.
Key takeaway
Year ended Jun 28, 2025 · FY2025 10-K
Lumentum reported a mixed annual performance with revenue growth but an operating loss. Net income and operating cash flow were positive, and the company maintains a strong liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$1.6B
Revenue reported for the fiscal year.
Operating income
-$180.1M
Income from operations reported for the year.
Net income
$25.9M
Net income reported for the year.
Operating cash flow
$126.3M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $1.7B | +323.3% |
| Jul 1, 2023 | $1.8B | +3.2% |
| Jun 29, 2024 | $1.4B | -23.1% |
| Jun 28, 2025 | $1.6B | +21.0% |
Business overview
The filing's Business section describes the company's operations and market focus. The specific details of the business are not included in the supplied excerpt, which only provides the section heading.
Financial performance
Revenue increased compared to the prior year, though it remained below a level seen two years earlier. Operating income was negative, but net income turned positive and operating cash flow was positive. These metrics indicate an improvement in profitability from the prior year.
Material risks
Material risks are identified in the filing's Risk Factors section, including those related to market conditions and operational factors. The supplied context does not elaborate on these risks, but the company faces typical industry uncertainties and challenges from its cash management and foreign operations.
Liquidity and capital
The company holds significant cash and short-term investments, with a policy focused on capital preservation. A substantial portion of cash is held overseas and intended for indefinite reinvestment. Normal operations are expected to be funded from internal cash, though growth initiatives may require additional funds.
What to watch
Monitor whether the company can sustain revenue growth and achieve positive operating income in the next filing.