Lumentum Holdings Inc. stock research
FY2025 Q4
Lumentum Holdings (LITE) Gross Margin & Quarterly History
Explore Lumentum Holdings Inc. (LITE) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Jun 28, 2025 · FY2025 Q4
Revenue increased compared to the prior quarter and the same quarter last year, while cost of revenue grew at a slower pace, resulting in a higher gross profit and improved gross margin. The filing also notes the company's liquidity position, with cash and short-term investments supporting operations.
- The strongest observable driver of gross margin improvement is the increase in gross profit outpacing the rise in cost of revenue, reflecting a favorable relationship between revenue and expenses.
- Compared to the preceding quarter, gross margin was higher, driven by a larger increase in gross profit relative to cost of revenue. Versus the year-earlier quarter, gross margin also strengthened significantly, as gross profit grew while cost of revenue increased moderately.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.3%
Gross profit
$159.9M
Revenue
$480.7M
Cost of revenue
$320.8M
Quarter-over-quarter change
+4.5 pts
Year-over-year change
+16.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 28, 2024 | $336.9M | $77.9M | $259.0M | 23.1% |
| Dec 28, 2024 | $402.2M | $99.6M | $302.6M | 24.8% |
| Mar 29, 2025 | $425.2M | $122.5M | $302.7M | 28.8% |
| Jun 28, 2025 | $480.7M | $159.9M | $320.8M | 33.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 29, 2025
+4.5 pts
Year-over-year change
Jun 29, 2024
+16.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of gross margin improvement is the increase in gross profit outpacing the rise in cost of revenue, reflecting a favorable relationship between revenue and expenses.
Compared to the preceding quarter, gross margin was higher, driven by a larger increase in gross profit relative to cost of revenue. Versus the year-earlier quarter, gross margin also strengthened significantly, as gross profit grew while cost of revenue increased moderately.
Monitor the ongoing trend in cost of revenue relative to revenue to assess the sustainability of margin expansion.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Lumentum Holdings Inc. (LITE) | 33.3% |