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Debt offeringSEC filing
Lumentum Exchange Agreements: 5.0M Shares for $650.4M Principal Amount of 0.50% Convertible Notes Due 2028
Lumentum Holdings Inc. entered into privately-negotiated exchange agreements with certain holders of its 0.50% Convertible Senior Notes due 2028, pursuant to which the Company will deliver approximately 5.0 million shares of common stock in exchange for approximately $650.4 million principal amount of Notes. The Exchange Transactions are expected to close on or about June 4, 2026, and will result in incremental dilution of approximately 0.8 million shares related to the principal amount. Following closing, appro...
LITE filed its 10-Q; the most relevant disclosure change is reduced Operating segments: Single reportable segment as of Q1 FY2026 due to reorganization. Customer concentration: Customer A represented 26% of revenue; Customer B represented 12% of revenue.
LITE Q3 FY2026 Non-GAAP diluted EPS $2.37, Beat Guidance by +$0.12
LITE beat prior Q3 FY2026 Non-GAAP diluted EPS guidance by +$0.12. Non-GAAP operating margin of 32.2% exceeded the guided 30.5% midpoint by 170 basis points. Net revenue of $808.4 million was in line with the $805 million midpoint guidance. The company also issued Q4 FY2026 guidance with revenue of $960 million to $1.01 billion, non-GAAP operating margin of 35.0% to 36.0%, and non-GAAP diluted EPS of $2.85 to $3.05.
Lumentum announces exchange of $474.6 million convertible notes for 5.7 million common shares
Lumentum Holdings Inc. entered into privately-negotiated exchange agreements with certain holders of its 0.50% Convertible Senior Notes due 2026 and 1.50% Convertible Senior Notes due 2029, pursuant to which the Company will deliver approximately 5.7 million shares of common stock in exchange for approximately $264.8 million principal amount of 2026 Notes and approximately $209.8 million principal amount of 2029 Notes, along with related conversion value in excess of principal amounts. The Exchange Transactions,...
LITE filed its 10-Q; the most relevant disclosure change is reduced Operating segments: Company operates in one reportable segment following Q1 FY2026 reorganization, previously Cloud & Networking and Industrial Tech. Customer concentration: Customer A represented 24% of revenue; Customer B represented 17% of revenue.
LITE Q2 FY2026 Net revenue $665.5 million, Beat Guidance by +$15.5M
LITE beat prior Q2 FY2026 Net revenue guidance by +$15.5M. Revenue grew 65.5% year over year, driven by 68.3% growth in Components to $443.7 million and 60.1% growth in Systems to $221.8 million. For Q3 FY2026, the company guided net revenue of $780 million to $830 million, non-GAAP operating margin of 30.0% to 31.0%, and non-GAAP diluted EPS of $2.15 to $2.35.
Lumentum announces CAO retirement and succession plan
Lumentum Holdings Inc. announced that Matthew Sepe, Chief Accounting Officer and Senior Vice President, Finance, plans to retire in fall 2026. The Board appointed Eric Chang, currently Senior Vice President, Finance, as successor Chief Accounting Officer, effective upon Sepe's departure date which is the later of February 6, 2026 or the filing date of the Q2 FY2026 10-Q.
LITE filed its 10-Q; the most relevant disclosure change is changed Operating Segment Reorganization: Effective Q1 FY2026, the company reorganized from two reportable segments (Cloud & Networking and Industrial Tech) to a single integrated enterprise managed as one segment. The CEO (CODM) reviews consolidated financial information for resource allocation and p. Customer concentration: Customer A represented 22% of revenue; Customer B represented 21% of revenue.
LITE Q1 FY2026 Net revenue $533.8 million, Beat Guidance by +$8.8M
LITE beat prior Q1 FY2026 Net revenue guidance by +$8.8M. Lumentum Holdings Inc. Year-over-year revenue grew 58.4% from $336.9 million in Q1 FY2025, while non-GAAP operating margin expanded by 1,570 basis points from 3.0%. For Q2 FY2026, the company guides to net revenue of $630 million to $670 million, non-GAAP operating margin of 20.0% to 22.0%, and non-GAAP diluted EPS of $1.30 to $1.50.
Lumentum Closes $1.265 Billion Convertible Senior Notes Due 2032
Lumentum Holdings Inc. issued $1.265 billion in aggregate principal amount of 0.375% Convertible Senior Notes due 2032 in a private placement pursuant to Rule 144A. The initial conversion rate is 5.3257 shares of common stock per $1,000 principal amount, equivalent to an initial conversion price of approximately $187.77 per share. Net proceeds of approximately $1.25 billion will be used to pay capped call transaction costs of $88.7 million, repurchase $581.1 million aggregate principal of existing 2026 notes for...
LITE filed its 10-K; the most relevant disclosure change is changed Customer concentration: Customer A represented 16.0% and Customer B represented 15.4% of total net revenue in FY2025, the only two customers exceeding 10% concentration. Customer concentration: Customer A represented 16.0 of revenue; Customer B represented 15.4 of revenue.
LITE Q4 FY2025 Net revenue $480.7 million, Beat Guidance by +$25.7M
LITE beat prior Q4 FY2025 Net revenue guidance by +$25.7M. Lumentum Holdings Inc. Full fiscal year 2025 net revenue was $1.645 billion, up 21.0% year-over-year, with non-GAAP operating margin of 9.7% compared to (0.6%) in the prior year.
Lumentum Raises Q4 FY25 Guidance: Revenue, Operating Margin, and EPS All Increased
Lumentum Holdings Inc. raised its Q4 FY25 guidance across all three key metrics, with revenue midpoint raised by $15 million, operating margin midpoint raised by 100 basis points, and diluted EPS midpoint raised by $0.065 compared to the prior May 6, 2025 guidance. The company noted that its $500 million quarterly revenue target is now expected to be achieved in Q1 FY26, one quarter earlier than previously expected, while the $600 million quarterly revenue outlook remains unchanged with an expected timeframe of...
LITE filed its 10-Q; the most relevant disclosure change is expanded Revenue concentration: Two customers represented 17% and 15% of Q3 FY2025 revenue, down from one customer representing 29% in Q3 FY2024. Customer concentration: Customer A represented 17% of revenue; Customer B represented 15% of revenue.
LITE Q3 FY2025 Net revenue $425.2 million, Beat Guidance by +$7.7M
LITE beat prior Q3 FY2025 Net revenue guidance by +$7.7M. Lumentum Holdings Inc. For Q4 FY2025, the company guides net revenue of $440-$470 million, non-GAAP operating margin of 13.0%-14.0%, and non-GAAP diluted EPS of $0.70-$0.80.
LITE filed its 10-Q; the most relevant disclosure change is added Assets held-for-sale: On December 17, 2024, the company entered an agreement to sell assets in an entity in Shenzhen, China for 350 million Chinese Yuan Renminbi (approximately $48 million). The assets consist primarily of building, building improvements and land rights with a net . Customer concentration: Customer A represented 16% of revenue; Customer B represented 14% of revenue.
Lumentum Appoints Michael Hurlston CEO; Preliminary Q2 Revenue $402M and Non-GAAP EPS $0.40-$0.42 Beat Prior Guidance
Lumentum Holdings Inc. announced that Michael Hurlston has been appointed President and Chief Executive Officer, effective February 7, 2025, succeeding Alan Lowe. The Company also provided preliminary fiscal second quarter 2025 results expecting net revenue of approximately $402 million and non-GAAP diluted EPS of $0.40 to $0.42, which are at the high end of or above the prior guidance range of $380 million to $400 million for revenue and $0.30 to $0.40 for EPS. Hurlston brings over 30 years of senior leadership...