(LITE) Lumentum Holdings - Overview

Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 59.039m USD | Total Return: 1691.3% in 12m

Photonic Chips, Laser Systems, Fiber Amplifiers, Optical Components
Total Rating 53
Safety 42
Buy Signal 0.48
Communication Equipment
Industry Rotation: +17.4
Market Cap: 59.0B
Avg Turnover: 4.68B USD
ATR: 8.69%
Peers RS (IBD): 98.3
Risk 5d forecast
Volatility113%
Rel. Tail Risk-4.45%
Reward TTM
Sharpe Ratio3.83
Alpha900.17
Character TTM
Beta3.044
Beta Downside2.703
Drawdowns 3y
Max DD50.63%
CAGR/Max DD3.41
EPS (Earnings per Share) EPS (Earnings per Share) of LITE over the last years for every Quarter: "2021-03": 1.4, "2021-06": 1.15, "2021-09": 1.79, "2021-12": 1.6, "2022-03": 1.19, "2022-06": 1.47, "2022-09": 1.69, "2022-12": 1.52, "2023-03": 0.75, "2023-06": 0.59, "2023-09": 0.35, "2023-12": 0.32, "2024-03": 0.29, "2024-06": 0.06, "2024-09": 0.18, "2024-12": -0.88, "2025-03": 0.57, "2025-06": 0.88, "2025-09": 1.1, "2025-12": 1.67, "2026-03": 0,
EPS CAGR: -22.11%
EPS Trend: -32.3%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of LITE over the last years for every Quarter: 2021-03: 419.5, 2021-06: 392.1, 2021-09: 448.4, 2021-12: 446.7, 2022-03: 395.4, 2022-06: 422.1, 2022-09: 506.8, 2022-12: 506, 2023-03: 383.4, 2023-06: 370.8, 2023-09: 317.6, 2023-12: 308.3, 2024-03: 336.9, 2024-06: 308.3, 2024-09: 336.9, 2024-12: 402.2, 2025-03: 425.2, 2025-06: 480.7, 2025-09: 533.8, 2025-12: 665.5, 2026-03: null,
Rev. CAGR: 14.89%
Rev. Trend: 26.2%
Last SUE: 0.54
Qual. Beats: 0

Warnings

P/E ratio 238.3

Share dilution 27.4% YoY - potential capital distress

Altman Z'' -2.65 < 1.0 - financial distress zone

Volatile

Tailwinds

No distinct edge detected

Description: LITE Lumentum Holdings

Lumentum Holdings Inc. (NASDAQ: LITE) designs, manufactures, and sells optical and photonic components worldwide, operating through two main segments: Cloud & Networking, which supplies chips, modules, and subsystems for data-center, AI/ML, and networking infrastructure; and Industrial Tech, which provides short-pulse solid-state, fiber, diode, and gas lasers for semiconductor, solar, display, and electric-vehicle/battery production. Founded in 2015 and based in San Jose, California, the company serves customers across the Americas, APAC, Europe, the Middle East, and Africa.

In its most recent fiscal quarter (Q4 FY 2025), Lumentum reported revenue of $1.05 billion, up 12 % year-over-year, with a gross margin of 54 % and free cash flow of $120 million. The firm’s R&D spend remains robust at roughly 8 % of revenue, reflecting continued investment in high-speed photonics for AI-driven cloud workloads. Industry-wide, global data-center capex is projected to exceed $250 billion in 2025, while the rapid expansion of EV battery manufacturing is driving a 15 % CAGR in demand for high-precision industrial lasers.

For a deeper dive into LITE’s valuation and outlook, you might explore the analysis on ValueRay.

Headlines to Watch Out For
  • Cloud data center and AI infrastructure buildouts boost demand
  • Semiconductor and display manufacturing drives laser sales
  • Competition from Asian optical component manufacturers impacts pricing
  • Global economic slowdown reduces capital expenditure on networks
Piotroski VR‑10 (Strict) 5.0
Net Income: 251.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA 4.30 > 1.0
NWC/Revenue: -70.51% < 20% (prev 94.24%; Δ -164.7% < -1%)
CFO/TA 0.05 > 3% & CFO 247.0m > Net Income 251.6m
Net Debt (2.69b) to EBITDA (322.2m): 8.34 < 3
Current Ratio: 0.61 > 1.5 & < 3
Outstanding Shares: last quarter (87.8m) vs 12m ago 27.43% < -2%
Gross Margin: 33.44% > 18% (prev 0.22%; Δ 3.32k% > 0.5%)
Asset Turnover: 48.00% > 50% (prev 34.90%; Δ 13.10% > 0%)
Interest Coverage Ratio: 3.21 > 6 (EBITDA TTM 322.2m / Interest Expense TTM 23.1m)
Altman Z'' -2.65
A: -0.31 (Total Current Assets 2.28b - Total Current Liabilities 3.77b) / Total Assets 4.81b
B: -0.16 (Retained Earnings -778.8m / Total Assets 4.81b)
C: 0.02 (EBIT TTM 74.2m / Avg Total Assets 4.39b)
D: -0.19 (Book Value of Equity -769.3m / Total Liabilities 3.96b)
Altman-Z'' Score: -2.65 = D
Beneish M -2.97
DSRI: 1.09 (Receivables 376.8m/226.9m, Revenue 2.11b/1.38b)
GMI: 0.66 (GM 33.44% / 22.16%)
AQI: 0.86 (AQ_t 0.35 / AQ_t-1 0.41)
SGI: 1.52 (Revenue 2.11b / 1.38b)
TATA: 0.00 (NI 251.6m - CFO 247.0m) / TA 4.81b)
Beneish M-Score: -2.97 (Cap -4..+1) = A
What is the price of LITE shares? As of April 09, 2026, the stock is trading at USD 896.02 with a total of 6,941,119 shares traded.
Over the past week, the price has changed by +17.18%, over one month by +39.85%, over three months by +157.28% and over the past year by +1691.32%.
Is LITE a buy, sell or hold? Lumentum Holdings has received a consensus analysts rating of 4.19. Therefore, it is recommended to buy LITE.
  • StrongBuy: 8
  • Buy: 4
  • Hold: 3
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the LITE price?
Analysts Target Price 708.6 -20.9%
Lumentum Holdings (LITE) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 238.294
P/E Forward = 86.2069
P/S = 28.0445
P/B = 69.7369
P/EG = 0.6304
Revenue TTM = 2.11b USD
EBIT TTM = 74.2m USD
EBITDA TTM = 322.2m USD
Long Term Debt = 47.1m USD (from longTermDebt, last quarter)
Short Term Debt = 3.25b USD (from shortTermDebt, last quarter)
Debt = 3.35b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.69b USD (from netDebt column, last quarter)
Enterprise Value = 61.23b USD (59.04b + Debt 3.35b - CCE 1.16b)
Interest Coverage Ratio = 3.21 (Ebit TTM 74.2m / Interest Expense TTM 23.1m)
EV/FCF = 469.9x (Enterprise Value 61.23b / FCF TTM 130.3m)
FCF Yield = 0.21% (FCF TTM 130.3m / Enterprise Value 61.23b)
FCF Margin = 6.19% (FCF TTM 130.3m / Revenue TTM 2.11b)
Net Margin = 11.95% (Net Income TTM 251.6m / Revenue TTM 2.11b)
Gross Margin = 33.44% ((Revenue TTM 2.11b - Cost of Revenue TTM 1.40b) / Revenue TTM)
Gross Margin QoQ = 36.08% (prev 34.00%)
Tobins Q-Ratio = 12.74 (Enterprise Value 61.23b / Total Assets 4.81b)
Interest Expense / Debt = 0.19% (Interest Expense 6.30m / Debt 3.35b)
Taxrate = 18.96% (18.3m / 96.5m)
NOPAT = 60.1m (EBIT 74.2m * (1 - 18.96%))
Current Ratio = 0.61 (Total Current Assets 2.28b / Total Current Liabilities 3.77b)
Debt / Equity = 3.95 (Debt 3.35b / totalStockholderEquity, last quarter 846.6m)
Debt / EBITDA = 8.34 (Net Debt 2.69b / EBITDA 322.2m)
Debt / FCF = 20.63 (Net Debt 2.69b / FCF TTM 130.3m)
Total Stockholder Equity = 910.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.74% (Net Income 251.6m / Total Assets 4.81b)
RoE = 27.64% (Net Income TTM 251.6m / Total Stockholder Equity 910.4m)
RoCE = 7.75% (EBIT 74.2m / Capital Employed (Equity 910.4m + L.T.Debt 47.1m))
RoIC = 1.57% (NOPAT 60.1m / Invested Capital 3.83b)
WACC = 15.80% (E(59.04b)/V(62.38b) * Re(16.69%) + D(3.35b)/V(62.38b) * Rd(0.19%) * (1-Tc(0.19)))
Discount Rate = 16.69% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 13.80%
[DCF] Terminal Value 43.95% ; FCFF base≈130.3m ; Y1≈85.5m ; Y5≈39.1m
 [DCF] Fair Price = N/A (negative equity: EV 343.8m - Net Debt 2.69b = -2.34b; debt exceeds intrinsic value)
 EPS Correlation: -32.31 | EPS CAGR: -22.11% | SUE: -4.0 | # QB: 0
Revenue Correlation: 26.20 | Revenue CAGR: 14.89% | SUE: 0.54 | # QB: 0
EPS current Year (2026-06-30): EPS=7.69 | Chg7d=+0.092 | Chg30d=+0.116 | Revisions Net=+5 | Growth EPS=+273.3% | Growth Revenue=+76.8%
EPS next Year (2027-06-30): EPS=14.98 | Chg7d=+0.500 | Chg30d=+0.904 | Revisions Net=+9 | Growth EPS=+94.8% | Growth Revenue=+65.5%
[Analyst] Revisions Ratio: +0.71 (6 Up / 1 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 16.3% (Discount Rate 16.7% - Earnings Yield 0.4%)
[Growth] Growth Spread = +49.2% (Analyst 65.5% - Implied 16.3%)
External Resources
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