Lumentum(NASDAQ) LITE

Lumentum Holdings Inc. makes laser tools for high-speed internet. These parts help move data through large cloud networks. They also help manufacturers cut metal and build phones.

What Is in the Portfolio?

• Components: specialized parts like laser chips and sub-assemblies; accounts for 66.5% of net revenue.
• Systems: stand-alone solutions like optical modules and industrial lasers; accounts for 33.5% of net revenue.
• Optical Transceivers: high-speed hardware used to connect servers and switches within large data centers.
• Optical Transport: devices like reconfigurable optical add-drop multiplexers (ROADMs) that switch and route signals in fiber networks.
• Industrial Lasers: kilowatt-class tools used for precision manufacturing, sheet metal processing, and battery production.

Strategic Growth and Recent Steps

• Acquired Cloud Light Technology Limited in 2023 to expand its offerings for cloud data center operators.
• Purchased NeoPhotonics Corporation and IPG Photonics' telecom transmission product lines in 2022 to strengthen its optical networking portfolio.
• Expanded global manufacturing capacity by acquiring a new facility in Greensboro, North Carolina, during fiscal year 2026.
• Consolidated various operational sites to improve efficiency following several major business acquisitions.

Global Scale and Operational Power

Lumentum maintains a global manufacturing and research presence with facilities in North America, Asia-Pacific, and Europe. The company uses vertical integration and photonic innovation to create products that reduce power consumption in high-capacity networks.

Key Facts and Figures

• Net revenue was $3,014.0 million in fiscal year 2026, up 83.2% year over year.
• Gross margin increased to 41.7% in fiscal year 2026, up from 28.0% in fiscal year 2025.
• Cash and cash equivalents totaled $2,043.5 million as of June 27, 2026.
• Operating activities generated $751.4 million of cash during fiscal year 2026.
• International operations accounted for 79.2% of total net revenue during fiscal year 2026.

Bottom Line

Lumentum has evolved into a single, integrated enterprise focused on high-speed data and industrial laser technologies. Strategic acquisitions and a focus on artificial intelligence infrastructure have expanded its role in the global technology supply chain.