{
  "url": "https://struct.news/briefs/lumentums-operating-comeback-ended-with-a-69b-net-loss",
  "title": "Lumentum's operating comeback ended with a $6.9B net loss",
  "summary": "Operating cash flow climbed to $751.4M as revenue reached $3.0B, but annual net income swung from a $25.9M profit to a $6.9B loss.",
  "published_at": "2026-08-17T20:07:40.539409+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Lumentum Holdings Inc.",
    "ticker": "LITE",
    "cik": "1628280",
    "sector": "Technology",
    "industry": "Communication Equipment"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-17",
    "accession": "0001628280-26-057358",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-19",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025040830/lite-20250628.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 1645000000,
      "display": "$1.6B",
      "unit": "usd",
      "period": "2025-06-28",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001628280-26-057358",
        "filing_date": "2026-08-17"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 21.027074749852858,
      "display": "+21.0%",
      "unit": "percent",
      "period": "2025-06-28",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001628280-26-057358",
        "filing_date": "2026-08-17"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": -10.948328267477203,
      "display": "-10.9%",
      "unit": "percent",
      "period": "2025-06-28",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001628280-26-057358",
        "filing_date": "2026-08-17"
      }
    }
  ],
  "watch_next": [
    {
      "type": "input_costs",
      "statement": "Gross margin rose to 41.7%, with 54% of the gross-margin dollar increase attributed to lower manufacturing costs from higher factory utilization.",
      "importance": "medium",
      "evidence": "Approximately 54% of the gross margin dollar increase was driven by lower manufacturing costs as a percentage of revenue, primarily due to higher internal factory utilization.",
      "source_date": "2026-08-17"
    },
    {
      "type": "tax",
      "statement": "Lumentum reported a $237.7M tax benefit, partly tied to releasing valuation allowances on certain U.S. deferred tax assets.",
      "importance": "medium",
      "evidence": "Our benefit for income taxes for fiscal year 2026 differs from the 21% U.S. statutory rate primarily due to the non-deductible loss on debt extinguishment",
      "source_date": "2026-08-17"
    }
  ],
  "related_tickers": [
    "LITE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}