Lumentum Holdings Inc.
For the period ended Mar 28, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 28, 2026 · Filed May 6, 2026
LITE$596.16+10.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I - FINANCIAL INFORMATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| March 28, 2026 | March 29, 2025 | March 28, 2026 | March 29, 2025 | |
| Net revenue | $808.4 | $425.2 | $2,007.7 | $1,164.3 |
| Cost of sales | 432.1 | 283.7 | 1,170.7 | 801.4 |
| Amortization of acquired developed intangibles | 19.3 | 19.0 | 58.4 | 62.9 |
| Gross profit | 357.0 | 122.5 | 778.6 | 300.0 |
| Operating expenses: | ||||
| Research and development | 90.6 | 75.9 | 252.1 | 224.4 |
| Selling, general and administrative | 90.8 | 112.0 | 272.0 | 264.6 |
| Restructuring and related charges | 1.1 | 7.2 | 9.0 | 17.6 |
| Gain on sale of facility | — | (34.9) | — | (34.9) |
| Total operating expenses | 182.5 | 160.2 | 533.1 | 471.7 |
| Income (loss) from operations | 174.5 | (37.7) | 245.5 | (171.7) |
| Other income (expense), net: | ||||
| Escrow settlement | — | — | 27.5 | — |
| Interest expense | (6.2) | (5.7) | (18.2) | (16.8) |
| Other income, net | 15.5 | 4.2 | 30.7 | 27.8 |
| Total other income (expense), net | 9.3 | (1.5) | 40.0 | 11.0 |
| Income (loss) before income taxes | 183.8 | (39.2) | 285.5 | (160.7) |
| Income tax provision | 39.6 | 4.9 | 58.9 | 26.7 |
| Net income (loss) | 144.2 | (44.1) | 226.6 | (187.4) |
| Income allocated to participating securities | (1.7) | — | (0.9) | — |
| Net income (loss) available to common shareholders | $142.5 | $(44.1) | $225.7 | $(187.4) |
| Net income (loss) per common share: | ||||
| Basic | $1.99 | $(0.64) | $3.18 | $(2.72) |
| Diluted | $1.50 | $(0.64) | $2.59 | $(2.72) |
| Shares used to compute net income (loss) per common share: | ||||
| Basic | 71.5 | 69.3 | 71.0 | 68.8 |
| Diluted | 96.2 | 69.3 | 87.4 | 68.8 |
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