Lumentum Holdings Inc.
LITE · Communications Equipment, NEC · 77.8M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $27M (gross $176M, SBC $148M)
Reference price $1,000.08 · est. market cap ~$77.8B — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D51Optical-components maker growing on AI/datacom demand but operating at a loss with high leverage and cash burn.
Strengths
- Strong revenue growth — +21.0% (85th) on AI/datacom
- Strong liquidity — current ratio 4.37 (83rd)
Risks
- Operating losses and cash burn — operating margin -10.9%, FCF -$104.7M (3rd)
- Very high leverage — D/E 2.26 (93rd)
- Low gross margin, earnings swing — 28.0%, net income -104.7%
Notable findings
- High leverageHigh leverage (debt/equity 2.26)
- Cash burnNegative free cash flow (-104.7M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $877M cash & investments, ~34 quarters of runway
- Insider sellingInsider selling — 106 open-market sale(s) by 9 insider(s) (cluster of 9 insiders, ~$78M, last 6mo) Form 4 ↗
- Notable holderHeld by 7 notable fund(s): FMR LLC, STATE STREET CORP, CITADEL ADVISORS LLC +4 more (as of 2026-03-31)
- AccumulatingInstitutional holders rose 13→22 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: TIGER GLOBAL MANAGEMENT LLC, RENAISSANCE TECHNOLOGIES LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
28.0%
Operating margin
-10.9%
Net margin
1.6%
Return on equity
2.3%
Return on assets
0.6%
ROIC
-3.8%
Revenue growth (QoQ)
13.1%
Debt / equity
2.3×
Current ratio
4.4×
Free cash flow
-$105M
Tangible book value
-$391M
Cash & investments
$877M
Cash runway
34q
Stock comp / revenue
10.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | Harris Isaac Hosojiro | Sell | 1.4K | $1,000.08 |
| 2026-05-29 | Harris Isaac Hosojiro | Sell | 4.0K | $860.00 |
| 2026-05-21 | Small Ian | Sell | 5.0K | $868.07 |
| 2026-05-18 | Kim Jae | Sell | 1.4K | $953.95 |
| 2026-05-18 | Retort Vincent | Sell | 3.2K | $953.95 |
| 2026-05-18 | Ali Wajid | Sell | 2.5K | $953.95 |
| 2026-05-18 | Wupen Yuen | Sell | 3.2K | $953.95 |
| 2026-05-15 | Wupen Yuen | Tax withheld | 3.7K | $970.70 |
| 2026-05-15 | Ali Wajid | Tax withheld | 2.9K | $970.70 |
| 2026-05-15 | Kim Jae | Tax withheld | 1.4K | $970.70 |
| 2026-05-15 | Retort Vincent | Tax withheld | 3.3K | $970.70 |
| 2026-05-15 | Fletcher Pamela | Sell | 1.6K | $940.82 |
| 2026-05-15 | HURLSTON MICHAEL E. | Tax withheld | 5.4K | $970.70 |
| 2026-05-14 | Fletcher Pamela | Sell | 1.6K | $1,003.38 |
| 2026-05-11 | Lillie Brian | Sell | 1.2K | $979.49 |
| 2026-05-11 | Lillie Brian | Sell | 49 | $1,004.34 |
| 2026-05-11 | Lillie Brian | Sell | 1.5K | $950.99 |
| 2026-05-11 | Lillie Brian | Sell | 80 | $953.54 |
| 2026-05-11 | Lillie Brian | Sell | 1.0K | $955.01 |
| 2026-05-11 | Lillie Brian | Sell | 120 | $957.84 |
| 2026-05-11 | Lillie Brian | Sell | 40 | $962.88 |
| 2026-05-11 | Lillie Brian | Sell | 239 | $964.30 |
| 2026-05-11 | Lillie Brian | Sell | 122 | $965.63 |
| 2026-05-11 | Lillie Brian | Sell | 101 | $967.23 |
| 2026-05-11 | Lillie Brian | Sell | 170 | $968.80 |
| 2026-05-11 | Lillie Brian | Sell | 40 | $970.00 |
| 2026-05-11 | Lillie Brian | Sell | 200 | $971.85 |
| 2026-05-11 | Lillie Brian | Sell | 68 | $972.77 |
| 2026-05-11 | Lillie Brian | Sell | 80 | $974.23 |
| 2026-05-11 | Lillie Brian | Sell | 200 | $975.48 |
| 2026-05-11 | Lillie Brian | Sell | 120 | $978.10 |
| 2026-05-11 | Lillie Brian | Sell | 208 | $980.25 |
| 2026-05-11 | Lillie Brian | Sell | 176 | $982.73 |
| 2026-05-11 | Lillie Brian | Sell | 1.6K | $985.29 |
| 2026-05-11 | Lillie Brian | Sell | 40 | $986.28 |
| 2026-05-11 | Lillie Brian | Sell | 120 | $989.04 |
| 2026-05-11 | Lillie Brian | Sell | 80 | $990.00 |
| 2026-05-11 | Lillie Brian | Sell | 67 | $991.59 |
| 2026-05-11 | Lillie Brian | Sell | 40 | $993.48 |
| 2026-05-11 | Lillie Brian | Sell | 322 | $995.06 |
| 2026-05-11 | Lillie Brian | Sell | 120 | $996.40 |
| 2026-05-11 | Lillie Brian | Sell | 80 | $997.00 |
| 2026-05-11 | Lillie Brian | Sell | 120 | $998.68 |
| 2026-05-11 | Lillie Brian | Sell | 1.8K | $1,000.16 |
| 2026-05-11 | Lillie Brian | Sell | 2.0K | $1,003.62 |
| 2026-05-11 | Kim Jae | Sell | 1.9K | $950.99 |
| 2026-05-08 | Small Ian | Sell | 2.0K | $910.72 |
| 2026-05-08 | Small Ian | Sell | 571 | $912.26 |
| 2026-05-08 | Small Ian | Sell | 892 | $911.52 |
| 2026-02-27 | Harris Isaac Hosojiro | Grant | 611 | — |
| 2026-02-27 | Ali Wajid | Sell | 200 | $677.78 |
| 2026-02-27 | Ali Wajid | Sell | 424 | $679.95 |
| 2026-02-27 | Ali Wajid | Sell | 500 | $681.48 |
| 2026-02-27 | Ali Wajid | Sell | 200 | $685.50 |
| 2026-02-27 | Ali Wajid | Sell | 160 | $686.54 |
| 2026-02-27 | Ali Wajid | Sell | 475 | $688.42 |
| 2026-02-27 | Ali Wajid | Sell | 155 | $690.13 |
| 2026-02-27 | Ali Wajid | Sell | 731 | $692.02 |
| 2026-02-27 | Ali Wajid | Sell | 450 | $694.76 |
| 2026-02-27 | Ali Wajid | Sell | 355 | $696.12 |
| 2026-02-27 | Ali Wajid | Sell | 1.1K | $698.10 |
| 2026-02-27 | Ali Wajid | Sell | 300 | $697.08 |
| 2026-02-27 | Ali Wajid | Sell | 244 | $699.28 |
| 2026-02-27 | Harris Isaac Hosojiro | Tax withheld | 220 | $700.91 |
| 2026-02-17 | Retort Vincent | Sell | 275 | $552.16 |
| 2026-02-17 | Retort Vincent | Sell | 159 | $554.51 |
| 2026-02-17 | Retort Vincent | Sell | 185 | $556.23 |
| 2026-02-17 | Retort Vincent | Sell | 305 | $557.84 |
| 2026-02-17 | Wupen Yuen | Sell | 3.2K | $538.00 |
| 2026-02-17 | Retort Vincent | Sell | 240 | $530.80 |
| 2026-02-17 | Retort Vincent | Sell | 170 | $532.72 |
| 2026-02-17 | Retort Vincent | Sell | 5 | $534.35 |
| 2026-02-17 | Retort Vincent | Sell | 444 | $537.89 |
| 2026-02-17 | Retort Vincent | Sell | 300 | $538.78 |
| 2026-02-17 | Retort Vincent | Sell | 112 | $540.29 |
| 2026-02-17 | Retort Vincent | Sell | 90 | $540.51 |
| 2026-02-17 | Retort Vincent | Sell | 180 | $542.26 |
| 2026-02-17 | Retort Vincent | Sell | 130 | $548.95 |
| 2026-02-17 | Retort Vincent | Sell | 576 | $549.87 |
| 2026-02-17 | Retort Vincent | Sell | 160 | $551.18 |
| 2026-02-17 | Retort Vincent | Sell | 110 | $553.11 |
| 2026-02-15 | Kim Jae | Tax withheld | 1.4K | $562.74 |
| 2026-02-15 | Wupen Yuen | Tax withheld | 3.5K | $562.74 |
| 2026-02-15 | Chang Eric | Grant | 5.0K | — |
| 2026-02-15 | Retort Vincent | Tax withheld | 3.0K | $562.74 |
| 2026-02-15 | Ali Wajid | Tax withheld | 2.8K | $562.74 |
| 2026-02-12 | Retort Vincent | Sell | 386 | $577.28 |
| 2026-02-12 | Retort Vincent | Sell | 450 | $576.35 |
| 2026-02-12 | Retort Vincent | Sell | 250 | $578.59 |
| 2026-02-12 | Retort Vincent | Sell | 1.4K | $579.66 |
| 2026-02-12 | Retort Vincent | Sell | 2.4K | $580.34 |
| 2026-02-12 | Retort Vincent | Sell | 1.1K | $581.49 |
| 2026-02-12 | Retort Vincent | Sell | 260 | $582.57 |
| 2026-02-12 | Retort Vincent | Sell | 170 | $584.84 |
| 2026-02-12 | Retort Vincent | Sell | 2.2K | $586.29 |
| 2026-02-12 | Retort Vincent | Sell | 910 | $587.28 |
| 2026-02-12 | Retort Vincent | Sell | 1.4K | $588.43 |
| 2026-02-12 | Retort Vincent | Sell | 3.6K | $589.70 |
| 2026-02-12 | Retort Vincent | Sell | 3.7K | $590.56 |
| 2026-02-12 | Retort Vincent | Sell | 7.7K | $591.82 |
| 2026-02-12 | Retort Vincent | Sell | 2.0K | $592.78 |
| 2026-02-12 | Retort Vincent | Sell | 2.9K | $593.74 |
| 2026-02-12 | Retort Vincent | Sell | 3.6K | $594.80 |
| 2026-02-12 | Retort Vincent | Sell | 2.9K | $595.87 |
| 2026-02-12 | Retort Vincent | Sell | 1.6K | $597.04 |
| 2026-02-12 | Retort Vincent | Sell | 3.0K | $598.09 |
| 2026-02-12 | Retort Vincent | Sell | 1.5K | $599.51 |
| 2026-02-12 | Retort Vincent | Sell | 650 | $600.18 |
| 2026-02-12 | Retort Vincent | Sell | 1.1K | $601.82 |
| 2026-02-12 | HERSCHER PENNY | Sell | 812 | $594.42 |
| 2026-02-12 | HERSCHER PENNY | Sell | 419 | $595.19 |
| 2026-02-12 | HERSCHER PENNY | Sell | 1.0K | $596.28 |
| 2026-02-12 | HERSCHER PENNY | Sell | 427 | $597.90 |
| 2026-02-12 | HERSCHER PENNY | Sell | 363 | $599.01 |
| 2026-02-12 | HERSCHER PENNY | Sell | 434 | $600.04 |
| 2026-02-12 | HERSCHER PENNY | Sell | 349 | $601.17 |
| 2026-02-12 | HERSCHER PENNY | Sell | 159 | $602.63 |
| 2026-02-07 | HURLSTON MICHAEL E. | Tax withheld | 20K | $551.99 |
| 2026-02-06 | HERSCHER PENNY | Sell | 4.8K | $535.48 |
| 2026-01-30 | Harris Isaac Hosojiro | Grant | 629 | — |
| 2026-01-30 | Harris Isaac Hosojiro | Tax withheld | 225 | $391.84 |
| 2026-01-15 | Sepe Matthew Joseph | Tax withheld | 563 | $343.27 |
| 2025-12-31 | Harris Isaac Hosojiro | Grant | 870 | — |
| 2025-12-31 | Harris Isaac Hosojiro | Tax withheld | 312 | $368.59 |
| 2025-12-29 | Thad Trent | Grant | 810 | — |
| 2025-12-29 | Thad Trent | Grant | 395 | — |
| 2025-11-19 | Lillie Brian | Grant | 1.3K | — |
| 2025-11-19 | Wupen Yuen | Sell | 822 | $258.96 |
| 2025-11-19 | HERSCHER PENNY | Grant | 1.3K | — |
| 2025-11-19 | Harris Isaac Hosojiro | Grant | 1.3K | — |
| 2025-11-19 | Johnson Julia Suzanne | Grant | 1.3K | — |
| 2025-11-19 | Small Ian | Grant | 1.3K | — |
| 2025-11-19 | Fletcher Pamela | Grant | 1.3K | — |
| 2025-11-19 | Fletcher Pamela | Grant | 2.8K | — |
| 2025-11-19 | Fletcher Pamela | Sell | 3.4K | $273.53 |
| 2025-11-19 | Lundstrom Paul | Grant | 1.3K | — |
| 2025-11-19 | Lundstrom Paul | Grant | 2.4K | — |
| 2025-11-18 | Kim Jae | Sell | 170 | $246.00 |
| 2025-11-18 | Wupen Yuen | Sell | 821 | $246.00 |
| 2025-11-17 | Fletcher Pamela | Sell | 579 | $250.00 |
| 2025-11-17 | Wupen Yuen | Sell | 821 | $234.14 |
| 2025-11-17 | Kim Jae | Sell | 1.4K | $234.14 |
| 2025-11-15 | Wupen Yuen | Tax withheld | 3.7K | $232.15 |
| 2025-11-15 | Sepe Matthew Joseph | Tax withheld | 1.5K | $232.15 |
| 2025-11-15 | Retort Vincent | Tax withheld | 3.3K | $232.15 |
| 2025-11-15 | Kim Jae | Tax withheld | 1.4K | $232.15 |
| 2025-11-15 | Ali Wajid | Tax withheld | 2.7K | $232.15 |
| 2025-11-10 | Johnson Julia Suzanne | Sell | 10K | $270.39 |
| 2025-11-07 | Sepe Matthew Joseph | Sell | 4.2K | $239.63 |
| 2025-11-07 | Harris Isaac Hosojiro | Sell | 7.2K | $243.32 |
| 2025-08-27 | Wupen Yuen | Sell | 3.3K | $124.86 |
| 2025-08-26 | Ali Wajid | Sell | 2.5K | $124.39 |
| 2025-08-26 | Wupen Yuen | Sell | 3.3K | $124.39 |
| 2025-08-25 | Wupen Yuen | Sell | 3.3K | $119.25 |
| 2025-08-23 | Kim Jae | Grant | 7.7K | — |
| 2025-08-23 | Wupen Yuen | Grant | 13K | — |
| 2025-08-23 | Sepe Matthew Joseph | Grant | 4.9K | — |
| 2025-08-23 | Retort Vincent | Grant | 15K | — |
| 2025-08-23 | Ali Wajid | Grant | 12K | — |
| 2025-08-22 | Kim Jae | Sell | 3.4K | $116.73 |
| 2025-08-22 | Kim Jae | Sell | 1.1K | $117.36 |
| 2025-08-21 | Ali Wajid | Tax withheld | 10K | $117.43 |
| 2025-08-21 | Ali Wajid | Grant | 9.2K | — |
| 2025-08-21 | Wupen Yuen | Grant | 9.2K | — |
| 2025-08-21 | Wupen Yuen | Tax withheld | 10K | $117.43 |
| 2025-08-21 | Kim Jae | Tax withheld | 5.5K | $117.43 |
| 2025-08-21 | Sepe Matthew Joseph | Grant | 4.5K | — |
| 2025-08-21 | Sepe Matthew Joseph | Tax withheld | 4.3K | $117.43 |
| 2025-08-21 | Kim Jae | Grant | 2.1K | — |
| 2025-08-21 | Retort Vincent | Grant | 10K | — |
| 2025-08-21 | Retort Vincent | Tax withheld | 12K | $117.43 |
| 2025-08-19 | HURLSTON MICHAEL E. | Grant | 34K | — |
| 2025-08-19 | Wupen Yuen | Grant | 23K | — |
| 2025-08-19 | Sepe Matthew Joseph | Grant | 5.1K | — |
| 2025-08-19 | Retort Vincent | Grant | 15K | — |
| 2025-08-19 | Kim Jae | Grant | 12K | — |
| 2025-08-19 | Ali Wajid | Grant | 23K | — |
| 2025-08-19 | Wupen Yuen | Sell | 109 | $117.60 |
| 2025-08-18 | Johnson Julia Suzanne | Sell | 1.2K | $119.06 |
| 2025-08-18 | Kim Jae | Sell | 912 | $116.45 |
| 2025-08-18 | Wupen Yuen | Sell | 109 | $116.45 |
| 2025-08-18 | Ali Wajid | Sell | 2.2K | $116.45 |
| 2025-08-15 | Kim Jae | Tax withheld | 802 | $115.86 |
| 2025-08-15 | Ali Wajid | Tax withheld | 2.3K | $115.86 |
| 2025-08-15 | Retort Vincent | Tax withheld | 2.8K | $115.86 |
| 2025-08-15 | Wupen Yuen | Tax withheld | 2.5K | $115.86 |
| 2025-08-15 | Sepe Matthew Joseph | Tax withheld | 837 | $115.86 |
| 2025-08-15 | Wupen Yuen | Sell | 109 | $113.61 |
| 2025-08-07 | Sepe Matthew Joseph | Tax withheld | 474 | $111.13 |
| 2025-08-07 | Wupen Yuen | Grant | 1.5K | — |
| 2025-08-07 | Wupen Yuen | Tax withheld | 745 | $111.13 |
| 2025-08-07 | Sepe Matthew Joseph | Grant | 1.3K | — |
| 2025-08-07 | Retort Vincent | Grant | 6.2K | — |
| 2025-08-07 | Retort Vincent | Tax withheld | 2.9K | $111.13 |
| 2025-08-07 | Ali Wajid | Grant | 5.1K | — |
| 2025-08-07 | Ali Wajid | Tax withheld | 2.6K | $111.13 |
| 2025-08-06 | Wupen Yuen | Sell | 241 | $108.34 |
| 2025-08-05 | Wupen Yuen | Sell | 241 | $111.73 |
| 2025-08-04 | Wupen Yuen | Sell | 241 | $108.09 |
| 2025-08-03 | Wupen Yuen | Tax withheld | 453 | $106.68 |
| 2025-07-29 | Retort Vincent | Sell | 23K | $110.00 |
| 2025-07-23 | Wupen Yuen | Sell | 265 | $99.92 |
| 2025-07-22 | Wupen Yuen | Sell | 264 | $103.13 |
| 2025-07-21 | Wupen Yuen | Sell | 264 | $102.22 |
| 2025-07-20 | Wupen Yuen | Tax withheld | 442 | $102.22 |
| 2025-06-26 | LOWE ALAN S | Sell | 20K | $93.47 |
| 2025-06-18 | LOWE ALAN S | Sell | 20K | $88.47 |
| 2025-06-04 | Ali Wajid | Sell | 2.2K | $83.58 |
| 2025-06-04 | LOWE ALAN S | Sell | 10K | $83.58 |
| 2025-05-19 | Wupen Yuen | Sell | 289 | $75.88 |
| 2025-05-16 | Wupen Yuen | Sell | 290 | $77.98 |
| 2025-05-16 | Kim Jae | Sell | 4.6K | $77.98 |
| 2025-05-15 | Wupen Yuen | Sell | 4.7K | $76.87 |
| 2025-05-15 | Ali Wajid | Tax withheld | 2.3K | $77.76 |
| 2025-05-15 | Wupen Yuen | Tax withheld | 1.8K | $77.76 |
| 2025-05-15 | Sepe Matthew Joseph | Tax withheld | 837 | $77.76 |
| 2025-05-15 | Retort Vincent | Tax withheld | 1.9K | $77.76 |
| 2025-05-15 | Kim Jae | Tax withheld | 2.5K | $77.76 |
| 2025-05-14 | Wupen Yuen | Sell | 4.4K | $74.94 |
| 2025-05-13 | Wupen Yuen | Sell | 4.4K | $71.80 |
| 2025-02-20 | LOWE ALAN S | Grant | 62K | — |
| 2025-02-20 | LOWE ALAN S | Tax withheld | 77K | $76.34 |
| 2025-02-18 | Ali Wajid | Sell | 1.1K | $77.98 |
| 2025-02-18 | Ali Wajid | Sell | 1.1K | $78.69 |
| 2025-02-15 | Wupen Yuen | Tax withheld | 1.8K | $77.68 |
| 2025-02-15 | Sepe Matthew Joseph | Tax withheld | 907 | $77.68 |
| 2025-02-15 | Retort Vincent | Tax withheld | 2.0K | $77.68 |
| 2025-02-15 | LOWE ALAN S | Tax withheld | 6.7K | $77.68 |
| 2025-02-15 | Ali Wajid | Tax withheld | 2.3K | $77.68 |
| 2025-02-07 | HURLSTON MICHAEL E. | Grant | 104K | — |
| 2025-02-07 | HURLSTON MICHAEL E. | Grant | 12K | — |
| 2025-01-27 | Lundstrom Paul | Grant | 1.2K | — |
| 2025-01-15 | Sepe Matthew Joseph | Grant | 4.5K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-01 | 3.02 | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-04-08 | 3.02 | filing ↗ |
| 2026-03-02 | 3.025.03Reg FDExhibits | filing ↗ |
| 2026-02-03 | ResultsExhibits | filing ↗ |
| 2026-01-05 | Exec/director change | filing ↗ |
| 2025-12-22 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-12-15 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-05-29 | 0001193125-26-249535 ↗ |
| 10-Q | 2026-05-06 | 2026-03-28 | 0001628280-26-030777 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001628280-26-030530 ↗ |
| 8-K | 2026-04-08 | 2026-04-07 | 0001193125-26-146256 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001193125-26-085412 ↗ |
| 10-Q | 2026-02-04 | 2025-12-27 | 0001628280-26-005129 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001628280-26-005005 ↗ |
| 8-K | 2026-01-05 | 2025-12-29 | 0001193125-26-002602 ↗ |
| 8-K | 2025-12-22 | 2025-12-19 | 0001193125-25-328691 ↗ |
| 8-K | 2025-12-15 | 2025-12-15 | 0001628280-25-057025 ↗ |
| 8-K | 2025-11-24 | 2025-11-19 | 0001628280-25-053795 ↗ |
| 10-Q | 2025-11-05 | 2025-09-27 | 0001628280-25-049073 ↗ |