Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $903M | $1.00B | $1.25B | $1.57B | $1.68B | $1.74B | $1.71B | $1.77B | $1.36B | $1.65B |
| Revenue growth | — | 10.9% | 24.6% | 25.5% | 7.2% | 3.8% | -1.7% | 3.2% | -23.1% | 21.0% |
| Gross profit | $277M | $318M | $432M | $426M | $650M | $783M | $789M | $569M | $252M | $460M |
| Gross margin | 30.7% | 31.8% | 34.6% | 27.2% | 38.7% | 44.9% | 46.0% | 32.2% | 18.5% | 28.0% |
| Operating income | $11.5M | $47.6M | $140M | -$21.6M | $204M | $527M | $303M | -$116M | -$434M | -$180M |
| Operating margin | 1.3% | 4.8% | 11.2% | -1.4% | 12.2% | 30.2% | 17.7% | -6.5% | -31.9% | -10.9% |
| Net income | $9.30M | -$103M | $248M | -$36.4M | $136M | $397M | $199M | -$132M | -$547M | $25.9M |
| Net margin | 1.0% | -10.2% | 19.9% | -2.3% | 8.1% | 22.8% | 11.6% | -7.4% | -40.2% | 1.6% |
| EPS (diluted) | -$0.05 | -$1.71 | $3.82 | -$0.54 | $1.75 | $5.07 | $2.68 | -$1.93 | -$8.12 | $0.37 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $86.6M | $85.0M | $248M | $330M | $524M | $739M | $459M | $180M | $24.7M | $126M |
| Capital expenditures | $82.0M | $138M | $93.2M | $166M | $86.0M | $84.8M | $91.2M | $129M | $133M | $231M |
| Free cash flow | $4.60M | -$53.1M | $154M | $164M | $438M | $654M | $368M | $51.3M | -$108M | -$105M |
| Share buybacks | — | — | $0.00 | $0.00 | $200M | $236M | $544M | $176M | $0.00 | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $157M | $273M | $397M | $433M | $298M | $774M | $1.29B | $859M | $437M | $521M |
| Total assets | $726M | $1.23B | $1.58B | $2.72B | $3.29B | $3.55B | $4.16B | $4.63B | $3.93B | $4.22B |
| Total liabilities | $193M | $578M | $620M | $1.22B | $1.54B | $1.58B | $2.29B | $3.28B | $2.97B | $3.08B |
| Long-term debt | — | $457M | $457M | — | $1.54B | $1.53B | $2.41B | — | $2.50B | $2.56B |
| Shareholders' equity | $497M | $619M | $926M | $1.50B | $1.75B | $1.97B | $1.88B | $1.36B | $957M | $1.13B |
| Retained earnings | $20.2M | -$83.2M | $166M | $129M | $64.6M | $221M | -$129M | -$341M | -$887M | -$861M |
| Shares (wtd avg diluted) | 59.1M | 60.6M | 63.3M | 70.7M | 77.6M | 78.4M | 74.2M | 68.3M | 67.3M | 69.6M |
Every figure is extracted from Lumentum Holdings Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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