Lumentum said net revenue for the 3 months ended March 29, 2025 increased $58.7 million, or 16.0%, compared with the prior-year period, with Cloud & Networking revenue up $51.4 million and Industrial Tech revenue up $7.3 million.

10-QQuarterly reportFiled May 7, 2025Period of report Mar 29, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Lumentum said net revenue for the 3 months ended March 29, 2025 increased $58.7 million, or 16.0%, compared with the prior-year period, with Cloud & Networking revenue up $51.4 million and Industrial Tech revenue up $7.3 million.
Lumentum said gross margin for the 3 months increased to 28.8% from 16.2% in the prior-year period, with charges related to acquisitions declining by $16.0 million and abnormal excess capacity charges of $11.9 million that were incurred in the prior-year period not recurring in the current period.
The company completed the sale of net assets of its Shenzhen entity on March 5, 2025 and received net proceeds of $47.8 million, recognizing a gain on sale of facility of $34.9 million in its condensed consolidated statements of operations for the 3 and 9 months.
Lumentum said cash provided by operating activities for the 9 months ended March 29, 2025 was $62.3 million. The company added that this reflected net loss of $187.4 million, non-cash items of $309.4 million, and changes in operating assets and liabilities of $59.7 million.

Key figures

Quarter ended March 29, 2025

Revenue: $425M
Operating income: −$38M
Net income: −$44M
EPS: −$0.64
Gross profit: $122M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue Up $58.7 million

Lumentum said net revenue for the 3 months ended March 29, 2025 increased $58.7 million, or 16.0%, compared with the prior-year period, with Cloud & Networking revenue up $51.4 million and Industrial Tech revenue up $7.3 million.

Source · Based on the MD&A text of the filing

Quarterly Gross Margin 28.8%

Lumentum said gross margin for the 3 months increased to 28.8% from 16.2% in the prior-year period, with charges related to acquisitions declining by $16.0 million and abnormal excess capacity charges of $11.9 million that were incurred in the prior-year period not recurring in the current period.

Source · Based on the MD&A text of the filing

Shenzhen Facility Disposal Gain $34.9 million

The company completed the sale of net assets of its Shenzhen entity on March 5, 2025 and received net proceeds of $47.8 million, recognizing a gain on sale of facility of $34.9 million in its condensed consolidated statements of operations for the 3 and 9 months.

Source · Based on the MD&A text of the filing

9-Month Operating Cash Flow $62.3 million

Lumentum said cash provided by operating activities for the 9 months ended March 29, 2025 was $62.3 million. The company added that this reflected net loss of $187.4 million, non-cash items of $309.4 million, and changes in operating assets and liabilities of $59.7 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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View the original filing on SEC EDGAR ↗

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