Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Lumentum Holdings Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Operating Profit Margin since 2015
- Return on Equity (ROE) since 2015
- Debt to Equity since 2015
- Total Asset Turnover since 2015
- Aggregate Accruals
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Lumentum Holdings Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
The financial performance over the analyzed period exhibits a distinct U-shaped trajectory in revenue and operating profitability, characterized by a period of significant contraction followed by aggressive growth and a substantial non-operating loss in the final quarter.
- Revenue Trends and Growth
- Net revenue remained relatively stable between 400 million and 500 million US dollars from late 2020 through 2022. A period of decline began in early 2023, reaching a trough of 308.3 million US dollars in March 2024. Following this low point, a sustained and accelerating growth trend is observed, with revenue expanding to 1.006 billion US dollars by June 2026, representing more than a three-fold increase from the 2024 lows.
- Gross Profitability and Margin Analysis
- Gross profit margins experienced severe compression between 2022 and 2024. In late 2022, gross profit fell from 201.2 million US dollars to 64 million US dollars by December 2023. This contraction mirrored the decline in net revenue but was exacerbated by a rising cost of sales relative to income. However, margins recovered sharply starting in 2025, with gross profit reaching 477.3 million US dollars by June 2026, indicating a significant improvement in production efficiency or pricing power during the growth phase.
- Operating Expense Management
- Operating expenses remained relatively inelastic despite fluctuations in revenue. Research and development costs trended upward from approximately 50 million US dollars in 2020 to 104.4 million US dollars by June 2026. Selling, general, and administrative expenses showed more volatility, peaking in March 2025 at 112 million US dollars. The persistence of these expenses during the 2023-2024 revenue decline contributed directly to sustained operating losses during that interval.
- Operating Income and Recovery
- The transition from operating profitability to loss occurred in late 2022. Operating losses deepened through early 2024, peaking at a loss of 133.4 million US dollars in June 2024. A reversal began in late 2024, with the company returning to positive operating income by September 2025. By June 2026, income from operations reached 279.3 million US dollars, demonstrating a successful return to operational viability.
- Net Income and Extraordinary Items
- Net income was heavily influenced by non-recurring events. A notable merger termination fee of 207.5 million US dollars was recorded in April 2021. In March 2025, a gain on the sale of a facility contributed 34.9 million US dollars. The most significant anomaly occurred in June 2026, where a loss on debt extinguishment of 7.757 billion US dollars resulted in a net loss of 7.162 billion US dollars for the quarter, completely offsetting the strong operational performance of that period.