Press release
Lumentum Announces Fourth Quarter and Full Fiscal Year 2025 Results
Fiscal Fourth Quarter Highlights: Net revenue of $480.7 million GAAP gross margin of 33.3%; Non-GAAP gross margin of 37.8% GAAP operating loss of 1.7%;
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"\nFiscal Fourth Quarter Highlights:\n\n\n\nNet revenue of $480.7 million\n\n\n\nGAAP gross margin of 33.3%; Non-GAAP gross margin of 37.8%\n\n\n\nGAAP operating loss of 1.7%; Non-GAAP operating margin of 15.0%\n\n\n\nFiscal Year 2025 Highlights:\n\n\n\nNet revenue of $1.65 billion\n\n\n\nGAAP gross margin of 28.0%; Non-GAAP gross margin of 34.7%\n\n\n\nGAAP operating loss of 10.9%; Non-GAAP operating margin of 9.7%\n\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nLumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fourth quarter and full fiscal year ended June 28, 2025.\n\n\n“In our fiscal fourth quarter, we executed exceptionally well in meeting robust demand across our portfolio of cloud products supporting AI data centers,” said Michael Hurlston, Lumentum President and CEO. “This solid performance, combined with sustained customer demand, drove our Q4 revenue above the high end of the upwardly revised guidance we provided in early June. The outperformance was broad-based across our cloud-focused business, with particular strength in components, specifically EML chips, pump lasers, and narrow linewidth laser assemblies for data center interconnect, as well as 800G modules. Looking ahead, we expect continued strong demand for our AI data center and long-haul solutions, giving us confidence in surpassing $600 million in quarterly revenue by June 2026 or earlier.”\n\n\nFiscal Fourth Quarter Highlights:\n\n\nNet revenue for the fourth quarter of fiscal year 2025 was $480.7 million, with GAAP net income of $213.3 million, or $2.96 per diluted share. Net revenue for the third quarter of fiscal year 2025 was $425.2 million, with GAAP net loss of $44.1 million, or $0.64 per diluted share. Net revenue for the fourth quarter of fiscal year 2024 was $308.3 million, with GAAP net loss of $252.5 million, or $3.72 per diluted share.\n\n\nNon-GAAP net income for the fourth quarter of fiscal year 2025 was $63.3 million, or $0.88 per diluted share. Non-GAAP net income for the third quarter of fiscal year 2025 was $40.9 million, or $0.57 per diluted share. Non-GAAP net loss for the fourth quarter of fiscal year 2024 was $8.9 million, or $0.13 per diluted share.(1)\n\n\nThe Company held $877.1 million in total cash, cash equivalents, and short-term investments at the end of the fourth quarter of fiscal year 2025, an i...