Lumentum Holdings (LITE) Q4 FY2026 earnings: revenue $1.0 billion, up 109.3% on the year

Lumentum Holdings Inc. (LITE) reported revenue of $1.0 billion for Q4 FY2026, the quarter ended 27 June 2026, up 109.3% on the same quarter a year earlier. Net income was -$7.2 billion, and diluted earnings per share $-84.65. The figures are the company's own, from the 10-K it filed with the SEC on 17 August 2026.

Revenue

$1.0 billion

+109.3% on the year · +24.5% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

27.8%

-1.7% a year earlier

Q1 FY2025Q4 FY2026

Net income

-$7.2 billion

Q1 FY2025Q4 FY2026

Diluted EPS

-$84.65

Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 new.

Revenue rose 24.5% sequentially: Net revenue was $1,006.3 million, up 24.5% from $808.4 million in the third quarter and up 109.3% from $480.7 million a year earlier.
GAAP net loss from debt extinguishment: GAAP net loss was $7.2 billion, or $84.65 per diluted share, driven by a one-time non-cash loss on debt extinguishment of $7.8 billion tied to convertible note equitization.
Components revenue up 21.8% sequentially: Components net revenue was $649.4 million, 64.5% of the quarter total, up 21.8% from the third quarter and 102.7% from a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	1,006	808	481	+24.5%	+109.3%
Cost of revenue	510	432	302	+18.0%	+69.1%
Gross profit	477	357	160	+33.7%	+198.5%
Gross margin	47.4%	44.2%	33.3%
Research and development	104	90.6	79.5	+15.2%	+31.3%
Selling, general and administrative	91.2	90.8	83.6	+0.4%	+9.1%
Operating income	279	174	-8.4	+60.1%
Operating margin	27.8%	21.6%	-1.7%
Interest expense	3.6	6.2	5.4	-41.9%	-33.3%
Income tax	-297	39.6	-225
Net income	-7,162	144	213
Net margin	-711.7%	17.8%	44.4%
Diluted EPS	-$84.65	$1.50	$2.96

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	363	204	64.0	+78.1%	+467.2%
Capital expenditure	167	125	53.9	+33.8%	+209.5%
Free cash flow	196	79.1	10.1	+148.0%	+1,842.6%
Free cash flow margin	19.5%	9.8%	2.1%
Cash from investing	-304	-182	-59.4
Cash from financing	-633	1,938	-0.3
Depreciation and amortisation	71.1	66.6	61.0	+6.8%	+16.6%
Share-based compensation	40.8	41.2	40.0	-1.0%	+2.0%
Diluted shares, weighted	85m	96m	72m	-12.1%	+17.5%
Shares outstanding at period end	89m	72m	70m	+23.6%	+26.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	4,644	2,973	1,135	+56.2%	+309.3%
Redeemable equity	0.0	n/a	0.0
Debt	1,637	3,282	2,573	-50.1%	-36.4%
Operating lease liabilities	20.3	19.4	23.6	+4.6%	-14.0%
Other liabilities	1,006	753	487	+33.5%	+106.5%
Total liabilities and equity	7,308	7,028	4,219	+4.0%	+73.2%
Goodwill	1,069	1,066	1,061	+0.3%	+0.8%
Intangible assets	327	363	465	-9.9%	-29.7%
Investments	695	554	356	+25.3%	+95.0%
Cash and equivalents	2,044	2,618	521	-21.9%	+292.5%
Receivables	0.0	n/a	n/a
Inventory	692	633	470	+9.3%	+47.1%
Other assets	2,481	1,794	1,346	+38.3%	+84.4%
Total assets	7,308	7,028	4,219	+4.0%	+73.2%

Questions

What was Lumentum Holdings' revenue in Q4 FY2026?

Lumentum Holdings (LITE) reported revenue of $1.0 billion for Q4 FY2026, the quarter ended 27 June 2026, up 109.3% on the same quarter a year earlier.

How much did Lumentum Holdings earn in Q4 FY2026?

Net loss for Q4 FY2026 was $7.2 billion, and the diluted loss per share $84.65.

When did Lumentum Holdings report Q4 FY2026 results?

Lumentum Holdings filed its 10-K for the year that ended with the quarter on 17 August 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024 †	Q4 FY2024 *	Q1 FY2025	Q2 FY2025 †	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	447	395	422	507	506	383	371	318	367	366	308	337	402	425	481	534	666	808	1,006	1,263
Cost of revenue	223	213	225	283	315	253	263	223	281	285	235	236	281	284	302	333	406	432	510	600
Gross profit	208	167	182	201	166	112	89.6	76.7	64.0	59.5	51.3	77.9	99.6	122	160	182	240	357	477	644
Gross margin	46%	42%	43%	40%	33%	29%	24%	24%	17%	16%	17%	23%	25%	29%	33%	34%	36%	44%	47%	51%
R&D	53.2	56.7	56.7	72.7	75.8	85.4	73.9	73.5	78.3	77.2	73.2	74.3	74.2	75.9	79.5	81.4	80.1	90.6	104	192
SG&A	69.0	63.8	69.6	106	98.4	76.4	68.3	73.0	85.1	77.7	74.9	76.3	76.3	112	83.6	85.1	96.1	90.8	91.2	99.3
Operating income	85.2	46.8	55.4	13.5	-21.9	-51.4	-55.9	-80.8	-105	-115	-133	-82.4	-51.6	-37.7	-8.4	6.7	64.3	174	279	360
Operating margin	19%	12%	13%	3%	-4%	-13%	-15%	-25%	-29%	-31%	-43%	-24%	-13%	-9%	-2%	1%	10%	22%	28%	28%
Interest expense	17.1	19.7	26.5	8.5	8.9	8.7	9.4	9.7	9.7	9.0	5.4	5.5	5.6	5.7	5.4	5.7	6.3	6.2	3.6	2.4
Net income	56.7	26.0	34.7	-0.4	-31.7	-39.3	-60.2	-67.9	-99.1	-127	-252	-82.4	-60.9	-44.1	213	4.2	78.2	144	-7,162	360
Net margin	13%	7%	8%	-0%	-6%	-10%	-16%	-21%	-27%	-35%	-82%	-24%	-15%	-10%	44%	1%	12%	18%	-712%	29%
Diluted EPS	$0.75	$0.35	$0.50	-$0.01	-$0.46	-$0.57	-$0.88	-$1.02	-$1.47	-$1.88	-$3.72	-$1.21	-$0.88	-$0.64	$2.96	$0.05	$0.89	$1.50	-$84.65	$3.54
Operating cash flow	206	76.6	114	20.8	94.9	14.9	49.2	-2.3	-1.5	-7.0	35.5	39.6	24.3	-1.6	64.0	57.9	127	204	363	268
Capital expenditure	26.1	18.6	28.6	22.9	39.9	29.4	36.3	57.8	31.0	19.6	24.6	74.1	40.2	62.8	53.9	76.2	83.6	125	167	230
Free cash flow	180	58.0	85.7	-2.1	55.0	-14.5	12.9	-60.1	-32.5	-26.6	10.9	-34.5	-15.9	-64.4	10.1	-18.3	43.1	79.1	196	37.9
Buybacks	34.9	322	95.3	35.8	0.0	0.0	140	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	72m	69m	68m	68m	68m	69m	66m	67m	67m	68m	68m	69m	69m	69m	70m	71m	71m	72m	89m	91m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 27 June 2026, filed 17 August 2026: the filing.