Lumentum said net revenue for the 3 months ended September 27, 2025 increased $196.9 million, or 58.4%, compared with the same period in the prior year, driven by an increase of $147.8 million in Components products and $49.1 million in Systems products.

10-QQuarterly reportFiled Nov 5, 2025Period of report Sep 27, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Lumentum said net revenue for the 3 months ended September 27, 2025 increased $196.9 million, or 58.4%, compared with the same period in the prior year, driven by an increase of $147.8 million in Components products and $49.1 million in Systems products.
The company said gross margin for the 3 months ended September 27, 2025 increased to 34.0% from 23.1% in the same period of the prior year, with approximately 2 of 3 of the increase driven by lower manufacturing costs as a percentage of revenue and approximately 1 of 3 driven by improved product mix.
Lumentum said cash flows from financing activities for the 3 months ended September 27, 2025 were $262.1 million, which included net proceeds of $1,255.7 million from the issuance of 2032 Notes and payments of approximately $843.1 million for the partial repurchase of 2026 Notes.
The company said cash flows from operating activities for the 3 months ended September 27, 2025 were $57.9 million (net income of $4.2 million), and cash and cash equivalents increased from $520.7 million as of June 28, 2025 to $772.9 million.

Key figures

Quarter ended September 27, 2025

Revenue: $534M
Operating income: $7M
Net income: $4M
EPS: $0.05
Gross profit: $182M
Operating cash flow: $58M

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.

Net Revenue Increased 58.4%

Lumentum said net revenue for the 3 months ended September 27, 2025 increased $196.9 million, or 58.4%, compared with the same period in the prior year, driven by an increase of $147.8 million in Components products and $49.1 million in Systems products.

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

Gross Margin 34.0%

The company said gross margin for the 3 months ended September 27, 2025 increased to 34.0% from 23.1% in the same period of the prior year, with approximately 2 of 3 of the increase driven by lower manufacturing costs as a percentage of revenue and approximately 1 of 3 driven by improved product mix.

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

Issuance of 2032 Notes and Partial Repurchase of 2026 Notes

Lumentum said cash flows from financing activities for the 3 months ended September 27, 2025 were $262.1 million, which included net proceeds of $1,255.7 million from the issuance of 2032 Notes and payments of approximately $843.1 million for the partial repurchase of 2026 Notes.

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

Operating Cash Flow and Cash Balance

The company said cash flows from operating activities for the 3 months ended September 27, 2025 were $57.9 million (net income of $4.2 million), and cash and cash equivalents increased from $520.7 million as of June 28, 2025 to $772.9 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 ↗

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