Lumentum said net revenue in fiscal 2025 increased $285.8 million, or 21.0%, compared to fiscal 2024. Cloud & Networking net revenue rose $325.9 million while Industrial Tech net revenue fell $40.1 million.

10-KAnnual reportFiled Aug 19, 2025Period of report Jun 28, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Lumentum said net revenue in fiscal 2025 increased $285.8 million, or 21.0%, compared to fiscal 2024. Cloud & Networking net revenue rose $325.9 million while Industrial Tech net revenue fell $40.1 million.
The company said gross margin in fiscal 2025 increased to 28.0% from 18.5% in fiscal 2024. It cited a $20.8 million reduction in excess and obsolete inventory charges and a $23.5 million decrease in costs related to the Cloud Light acquisition as factors.
Lumentum said it completed the sale of its assets in Shenzhen, China on March 5, 2025 and received net proceeds of $47.8 million. The company recognized a gain on sale of facility of $34.9 million for the year ended June 28, 2025.
The company said cash provided by operating activities for the year ended June 28, 2025 was $126.3 million and cash used in investing activities was $84.1 million. Cash and cash equivalents increased $84.0 million to $520.7 million.

Key figures

Fiscal year ended June 28, 2025

Revenue: $1.6B
Operating income: −$180M
Net income: $26M
EPS: $0.37
Gross profit: $460M
Operating cash flow: $126M

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.

Annual Net Revenue Up 21.0%, Cloud & Networking Expansion

Lumentum said net revenue in fiscal 2025 increased $285.8 million, or 21.0%, compared to fiscal 2024. Cloud & Networking net revenue rose $325.9 million while Industrial Tech net revenue fell $40.1 million.

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

Gross margin 28.0% in 2024, 18.5% in the prior year

The company said gross margin in fiscal 2025 increased to 28.0% from 18.5% in fiscal 2024. It cited a $20.8 million reduction in excess and obsolete inventory charges and a $23.5 million decrease in costs related to the Cloud Light acquisition as factors.

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

Shenzhen Asset Sale Gain $34.9 million

Lumentum said it completed the sale of its assets in Shenzhen, China on March 5, 2025 and received net proceeds of $47.8 million. The company recognized a gain on sale of facility of $34.9 million for the year ended June 28, 2025.

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

Operating cash flow $126.3 million, cash $520.7 million

The company said cash provided by operating activities for the year ended June 28, 2025 was $126.3 million and cash used in investing activities was $84.1 million. Cash and cash equivalents increased $84.0 million to $520.7 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.