Operating Profit Margin
since 2015
Calculation
Lumentum Holdings Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Income (loss) from operations1 | ÷ | Net revenue1 | |
|---|---|---|---|---|---|---|---|
| Jun 27, 2026 | 17.41% | = | 100 | × | 524,800) | ÷ | 3,014,000) |
| Jun 28, 2025 | -10.95% | = | 100 | × | (180,100) | ÷ | 1,645,000) |
| Jun 29, 2024 | -31.93% | = | 100 | × | (434,000) | ÷ | 1,359,200) |
| Jul 1, 2023 | -6.55% | = | 100 | × | (115,700) | ÷ | 1,767,000) |
| Jul 2, 2022 | 17.71% | = | 100 | × | 303,300) | ÷ | 1,712,600) |
| Jul 3, 2021 | 30.24% | = | 100 | × | 527,000) | ÷ | 1,742,800) |
| Jun 27, 2020 | 12.16% | = | 100 | × | 204,100) | ÷ | 1,678,600) |
| Jun 29, 2019 | -1.38% | = | 100 | × | (21,600) | ÷ | 1,565,300) |
| Jun 30, 2018 | 11.21% | = | 100 | × | 139,900) | ÷ | 1,247,700) |
| Jul 1, 2017 | 4.75% | = | 100 | × | 47,600) | ÷ | 1,001,600) |
| Jul 2, 2016 | 1.27% | = | 100 | × | 11,500) | ÷ | 903,000) |
| Jun 27, 2015 | -2.80% | = | 100 | × | (23,400) | ÷ | 837,100) |
Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).
1 US$ in thousands
The operating profit margin demonstrates a high degree of volatility from 2015 through 2026, reflecting significant fluctuations in operational efficiency and profitability. The trajectory is marked by distinct cycles of expansion, severe contraction, and a subsequent return to profitability.
- Initial Expansion and Peak Performance
- Between 2015 and 2018, a consistent upward trend in the operating profit margin is observed, moving from -2.80% to 11.21%. Despite a brief reversal in 2019, the margin experienced a rapid acceleration, peaking at 30.24% in 2021. This peak represents the highest level of operational efficiency during the analyzed period, occurring as net revenue climbed toward 1.7 billion US dollars.
- Operational Contraction and Margin Compression
- A significant downturn began after 2021, with the operating profit margin falling to 17.71% in 2022 and collapsing into negative territory in 2023. The compression reached a nadir in 2024, where the margin fell to -31.93%. This period of instability is characterized by a sharp decline in income from operations, which reached a loss of 434 million US dollars in 2024, coinciding with a simultaneous dip in net revenue.
- Recovery and Scale Acceleration
- From 2025 onward, a recovery trend is evident. The operating profit margin improved from -31.93% in 2024 to -10.95% in 2025, eventually returning to a positive 17.41% by 2026. This recovery is strongly correlated with a substantial surge in net revenue, which is projected to reach 3.014 billion US dollars in 2026, indicating that the return to profitability is driven by significant revenue growth and improved operational leverage.
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Comparison to Competitors
Lumentum Holdings Inc., operating profit margin, long-term trends, comparison to competitors
| Lumentum Holdings Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Jun 27, 2026 | 17.41% | — | — | — | 7.18% | — |
| Jun 28, 2025 | -10.95% | 31.97% | 42.82% | 20.76% | 6.53% | 5.70% |
| Jun 29, 2024 | -31.93% | 31.51% | 42.05% | 22.64% | 5.89% | 8.08% |
| Jul 1, 2023 | -6.55% | 29.82% | 38.52% | 26.37% | 5.64% | 10.68% |
| Jul 2, 2022 | 17.71% | 30.29% | 34.86% | 27.09% | 4.60% | 6.45% |
| Jul 3, 2021 | 30.24% | 29.78% | 31.37% | 25.76% | 5.46% | 3.48% |
| Jun 27, 2020 | 12.16% | 24.15% | 30.19% | 27.63% | 2.85% | 2.57% |
| Jun 29, 2019 | -1.38% | 24.57% | 33.42% | 27.39% | -0.21% | 2.78% |
| Jun 30, 2018 | 11.21% | 26.69% | 12.71% | 24.95% | — | 2.82% |
| Jul 1, 2017 | 4.75% | 26.76% | 28.57% | 24.94% | — | 3.82% |
| Jul 2, 2016 | 1.27% | 27.84% | 21.56% | 25.71% | — | 4.82% |
| Jun 27, 2015 | -2.80% | 30.48% | 17.83% | 21.91% | — | 7.37% |
Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).