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Lumentum Holdings Inc.'s published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $67.0B | |
|---|---|---|
| Revenue (ttm) | 3B | |
| Net income (ttm) | -6.9B | |
| EPS (ttm) | -$93.0 | |
| Shares out | 90.6M | |
| P/E (forward) | 47.6x | |
| Volume | 4,201,765 | |
| Beta | 1.54 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | Trend |
|---|---|---|---|---|---|
| Period | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | Trend |
| Revenue | $1.71B | $1.77B | $1.36B | $1.65B | -1.3% |
| Gross profit | $788.6M | $569.0M | $251.5M | $459.9M | -16.5% |
| Operating income | $315.3M | $-66.9M | $-371.9M | $-149.9M | — |
| Net income | $198.9M | $-131.6M | $-546.5M | $25.9M | -49.3% |
| EPS (diluted) | $2.68 | $-1.93 | $-8.12 | $0.37 | -48.3% |
| EBITDA | $482.4M | $188.7M | $-81.6M | $106.8M | -39.5% |
| R&D | $220.7M | $307.8M | $302.2M | $303.9M | +11.3% |
| SG&A | $265.7M | $348.8M | $310.7M | $348.2M | +9.4% |
Recent company headlines from major financial publishers.
AI/ML infrastructure build-out is a prolonged, multi-year supercycle. Lumentum achieves rapid operating leverage, expanding margins beyond historical norms and capturing significant market share.
Lumentum captures expected AI/ML demand, achieving projected revenue acceleration and margin expansion before normalizing to a standard infrastructure provider growth rate.
| Ke ↓ / g → | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| 8.8% | $795 | $858 | $932 | $1,021 | $1,128 |
| 9.8% | $692 | $740 | $795 | $858 | $932 |
| 10.8% | $613 | $650 | $692 | $740 | $795 |
| 11.8% | $550 | $580 | $613 | $650 | $692 |
| 12.8% | $499 | $524 | $550 | $580 | $613 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
