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Tables in the 10-Q of Lumentum Holdings Inc.
56 tables with numbers, filed May 7, 2025. Each one downloads as a CSV for Excel or
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Table 1 after “million shares of common stock outstanding.”
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| TABLE OF CONTENTS | | | |
| Page | | |
| PART I - FINANCIAL INFORMATION | | | |
| Item 1. | Financial Statements (Unaudited) | |
| | Condensed Consolidated Statements of Operations for the Three and Nine Months Ended March 29, 2025 and March 30, 2024 | 2 |
| | Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended March 29, 2025 and March 30, 2024 | 3 |
| | Condensed Consolidated Balance Sheets as of March 29, 2025 and June 29, 2024 | 4 |
| | Condensed Consolidated Statements of Cash Flows for the Nine Months Ended March 29, 2025 and March 30, 2024 | 5 |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Net revenue | $425.2 | | $366.5 | | $1,164.3 | $1,050.9 |
| Cost of sales | 283.7 | | 284.7 | | 801.4 | 788.9 |
| Amortization of acquired developed intangibles | 19.0 | | 22.3 | | 62.9 | 61.8 |
| Gross profit | 122.5 | | 59.5 | | 300.0 | 200.2 |
| Operating expenses: | | | | | | |
| Research and development | 75.9 | | 77.2 | | 224.4 | 229.0 |
First 8 of 24 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Net loss | $(44.1) | | $(127.0) | | $(187.4) | $(294.0) |
| Other comprehensive income (loss), net of tax: | | | | | | |
| Foreign currency translation adjustments | 0.3 | | (0.1) | | — | (0.1) |
| Net change in unrealized gain on available-for-sale securities | 0.6 | | (0.3) | | 1.8 | 4.8 |
| Other comprehensive income (loss), net of tax | 0.9 | | (0.4) | | 1.8 | 4.7 |
| Comprehensive loss, net of tax | $(43.2) | | $(127.4) | | $(185.6) | $(289.3) |
| March 29, 2025 | June 29, 2024 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $516.4 | | $436.7 |
| Short-term investments | 350.3 | | 450.3 |
| Accounts receivable, net | 255.7 | | 194.7 |
| Inventories | 422.9 | | 398.4 |
| Prepayments and other current assets | 122.0 | | 110.0 |
First 8 of 38 rows. The CSV has all of them.
| Nine Months Ended | | |
| March 29, 2025 | March 30, 2024 | |
| OPERATING ACTIVITIES: | | | |
| Net loss | $(187.4) | | $(294.0) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | | | |
| Depreciation expense | 77.9 | | 82.4 |
| Stock-based compensation | 137.2 | | 98.3 |
| Bad debt expense | 3.4 | | 0.2 |
First 8 of 48 rows. The CSV has all of them.
| Cash paid for interest | 9.7 | 10.4 |
| Supplemental disclosure of non-cash investing and financing activities: | | |
| Unpaid intangible assets in accrued expenses | — | 1.0 |
| Share-based purchase price consideration in connection with the Cloud Light acquisition | — | 23.5 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 6.4 | 16.0 |
| Common Stock | Additional Paid-In Capital | Accumulated Deficit | | Accumulated Other Comprehensive Income | | | Total Stockholders' Equity | | | | | |
| | Shares | Amount | | | | | | | | | | |
| Balance as of June 29, 2024 | | 67.9 | $0.1 | | | $1,835.0 | | $(887.1) | | $9.3 | | $957.3 | |
| Net loss | | — | | — | | | — | | (82.4) | | — | | (82.4) |
| Other comprehensive income | | — | | — | | | — | | — | | 2.3 | | 2.3 |
| Issuance of shares in connection with vesting of restricted stock units and performance stock units | | 0.9 | | — | | | — | | — | | — | | — |
| Withholding taxes related to net share settlement of restricted stock units | | (0.3) | | — | | | (16.0) | | — | | — | | (16.0) |
| Exercise of stock options | | 0.1 | | — | | | 0.9 | | — | | — | | 0.9 |
First 8 of 25 rows. The CSV has all of them.
| Common Stock | Additional Paid-In Capital | Accumulated Deficit | | Accumulated Other Comprehensive Income | | | Total Stockholders' Equity | | | | | | |
| | Shares | Amount | | | | | | | | | | | |
| Balance as of July 1, 2023 | | 66.4 | | $0.1 | | | $1,692.2 | | $(340.6) | | $4.1 | | | $1,355.8 |
| Net loss | | — | | — | | | — | | (67.9) | | — | | | (67.9) |
| Other comprehensive income | | — | | — | | | — | | — | | 1.1 | | | 1.1 |
| Issuance of shares in connection with vesting of restricted stock units and performance stock units | | 0.8 | | — | | | — | | — | | — | | | — |
| Withholding taxes related to net share settlement of restricted stock units | | (0.2) | | — | | | (12.9) | | — | | — | | | (12.9) |
| Stock-based compensation | | — | | — | | | 34.7 | | — | | — | | | 34.7 |
First 8 of 23 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Numerator: | | | | | | |
| Net loss - basic and diluted | $(44.1) | | $(127.0) | | $(187.4) | $(294.0) |
| Denominator: | | | | | | |
| Weighted average common shares outstanding - basic and diluted | 69.3 | | 67.5 | | 68.8 | 67.1 |
| Net loss per share: | | | | | | |
| Basic | $(0.64) | | $(1.88) | | $(2.72) | $(4.38) |
First 8 of 9 rows. The CSV has all of them.
| Fair Value |
| Cash consideration (1) | $705.0 |
| Share-based consideration (2) | 23.5 |
| Total purchase price consideration | $728.5 |
| Fair Value |
| Total purchase price consideration | $728.5 |
| Assets acquired | |
| Cash and cash equivalents | 4.1 |
| Short-term investments | 1.0 |
| Accounts receivable, net | 20.9 |
| Inventories | 72.8 |
| Prepayments and other current assets | 14.2 |
First 8 of 24 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Net revenue | $425.2 | | $366.5 | | $1,164.3 | $1,139.6 |
| Net loss | $(43.9) | | $(122.8) | | $(181.1) | $(282.7) |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Fair Value | |
| March 29, 2025: | | | | | | |
| Cash | $355.1 | | $— | | $— | $355.1 |
| Cash equivalents: | | | | | | |
| Commercial paper | 1.0 | | — | | — | 1.0 |
| Money market funds | 138.5 | | — | | — | 138.5 |
| U.S. Treasury securities | 21.8 | | — | | — | 21.8 |
| Total cash and cash equivalents | $516.4 | | $— | | $— | $516.4 |
First 8 of 27 rows. The CSV has all of them.
| Continuous Loss Position for More Than 12 Months | Continuous Loss Position for Less Than 12 Months | | Gross Unrealized Losses | | | |
| Fair Value | Unrealized Losses | | Fair Value | Unrealized Losses | | |
| March 29, 2025: | | | | | | | |
| U.S. Agency securities | $— | | $— | | $26.2 | $— | $— |
| Commercial paper | — | | — | | 2.3 | — | — |
| Corporate debt securities | 4.3 | | — | | 72.3 | (0.1) | (0.1) |
| U.S. government bonds | — | | — | | 29.8 | — | — |
| Total | $4.3 | | $— | | $130.6 | $(0.1) | $(0.1) |
First 8 of 14 rows. The CSV has all of them.
| March 29, 2025 | June 29, 2024 | | | | |
| Amortized Cost | Fair Value | | Amortized Cost | Fair Value | |
| Due within 1 year | $161.0 | | $161.1 | | $405.5 | $404.1 |
| Due in 1 year to 5 years | 189.0 | | 189.2 | | 46.2 | 46.2 |
| Total | $350.0 | | $350.3 | | $451.7 | $450.3 |
| Level 1 | Level 2 | | Level 3 | Total | |
| March 29, 2025: (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Commercial paper | $— | | $1.0 | | $— | $1.0 |
| Money market funds | 138.5 | | — | | — | 138.5 |
| U.S. Treasury securities | 21.8 | | — | | — | 21.8 |
| Short-term investments: | | | | | | |
First 8 of 13 rows. The CSV has all of them.
| Level 1 | Level 2 | | Level 3 | Total | |
| June 29, 2024 (1) | | | | | | |
| Assets: | | | | | | |
| Cash equivalents: | | | | | | |
| Commercial paper | $— | | $15.9 | | $— | $15.9 |
| Money market funds | 223.9 | | — | | — | 223.9 |
| Short-term investments: | | | | | | |
| Certificates of deposit | — | | 0.8 | | — | 0.8 |
First 8 of 13 rows. The CSV has all of them.
| March 29, 2025 | June 29, 2024 | | | | |
| Carrying Amount | Estimated Fair Value | | Carrying Amount | Estimated Fair Value | |
| 2029 Notes | $600.1 | | $716.1 | | $599.4 | $588.8 |
| 2028 Notes | 857.4 | | 798.3 | | 856.6 | 680.2 |
| 2026 Notes | 1,048.0 | | 1,091.7 | | 1,047.2 | 948.3 |
| $2,505.5 | | $2,606.1 | | $2,503.2 | $2,217.3 |
| March 29, 2025 | June 29, 2024 | |
| Raw materials and purchased parts | $227.8 | | $196.9 |
| Work in process | 141.2 | | 101.6 |
| Finished goods | 53.9 | | 99.9 |
| Inventories | $422.9 | | $398.4 |
| March 29, 2025 | June 29, 2024 | |
| Land | $108.6 | | $75.2 |
| Buildings and improvements | 241.6 | | 215.1 |
| Machinery and equipment | 802.2 | | 772.1 |
| Computer equipment and software | 43.2 | | 44.9 |
| Furniture and fixtures | 13.9 | | 14.3 |
| Leasehold improvements | 44.4 | | 47.5 |
| Construction in progress | 167.9 | | 71.1 |
First 8 of 11 rows. The CSV has all of them.
| March 29, 2025 | June 29, 2024 | |
| Operating lease right-of-use assets | $64.6 | | $112.3 |
| Less: accumulated amortization | (32.4) | | (39.5) |
| Operating lease right-of-use assets, net | $32.2 | | $72.8 |
| March 29, 2025 | June 29, 2024 | |
| Restructuring accrual and related charges (1) | $1.9 | | $11.1 |
| Warranty reserve (2) | 13.0 | | 13.2 |
| Deferred revenue and customer deposits | 0.7 | | 0.6 |
| Income tax payable (3) | 27.1 | | 13.2 |
| Other current liabilities | 7.2 | | 3.0 |
| Other current liabilities | $49.9 | | $41.1 |
| March 29, 2025 | June 29, 2024 | |
| Asset retirement obligations | $7.0 | | $7.5 |
| Pension and related accruals (1) | 6.9 | | 7.5 |
| Unrecognized tax benefit (2) | 76.1 | | 83.0 |
| Other non-current liabilities (2) | 24.9 | | 5.4 |
| Other non-current liabilities | $114.9 | | $103.4 |
| Cloud & Networking | Industrial Tech | | Total | |
| Balances as of June 29, 2024 | $1,044.6 | | $11.2 | | $1,055.8 |
| Acquisition of Cloud Light (1) | 5.1 | | — | | 5.1 |
| Balances as of March 29, 2025 | $1,049.7 | | $11.2 | | $1,060.9 |
| Fair Value at the Acquisition Date | Weighted Average Amortization Period (Years) | |
| Acquired developed technologies | $170.0 | | 7.0 |
| Customer relationships | 130.0 | | 7.0 |
| In-process research and development | 16.0 | | n/a |
| Order backlog | 14.0 | | 1.0 |
| Trade name and trademarks | 3.0 | | 1.2 |
| Total intangible assets | $333.0 | | |
| March 29, 2025 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted Average Remaining Amortization Period (Years) | |
| Acquired developed technologies | $818.1 | | $(538.7) | | $279.4 | 4.3 |
| Customer relationships | 419.8 | | (212.3) | | 207.5 | 4.3 |
| In-process research and development | 12.9 | | — | | 12.9 | n/a |
| Order backlog | 14.0 | | (14.0) | | — | — |
| Trade name and trademarks | 3.0 | | (3.0) | | — | — |
| Total intangible assets | $1,267.8 | | $(768.0) | | $499.8 | |
| June 29, 2024 | Gross Carrying Amounts | Accumulated Amortization | | Net Carrying Amounts | Weighted Average Remaining Amortization Period (Years) | |
| Acquired developed technologies | $818.1 | | $(473.0) | | $345.1 | 4.8 |
| Customer relationships | 419.8 | | (169.4) | | 250.4 | 4.9 |
| In-process research and development | 15.5 | | — | | 15.5 | n/a |
| Order backlog | 14.0 | | (8.9) | | 5.1 | 0.4 |
| Trade name and trademarks | 3.0 | | (1.6) | | 1.4 | 0.6 |
| Total intangible assets | $1,270.4 | | $(652.9) | | $617.5 | |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Cost of sales | $19.0 | | $22.3 | | $62.9 | $61.8 |
| Research and development | 0.4 | | 0.4 | | 1.2 | 1.1 |
| Selling, general and administrative | 15.0 | | 19.4 | | 51.0 | 45.8 |
| Total amortization of intangibles | $34.4 | | $42.1 | | $115.1 | $108.7 |
| Fiscal Years | |
| Remainder of 2025 | $34.2 |
| 2026 | 133.3 |
| 2027 | 121.0 |
| 2028 | 81.5 |
| 2029 | 51.8 |
| Thereafter | 65.1 |
| Total future amortization | $486.9 |
Table 30 after “Our debt consists of the following:”
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| March 29, 2025 | June 29, 2024 | | | | | | | | |
| Short-term | Long-term | | Total | Short-term | Long-term | | Total | | |
| Convertible notes | $— | | $2,505.5 | | $2,505.5 | | $— | | $2,503.2 | $2,503.2 |
| Term loans | 10.3 | | 56.9 | | 67.2 | | — | | — | — |
| Total | $10.3 | | $2,562.4 | | $2,572.7 | | $— | | $2,503.2 | $2,503.2 |
| March 29, 2025 | 2026 Notes (1) | 2028 Notes (2) | | 2029 Notes (3) | Total | |
| Principal | $1,050.0 | | $861.0 | | $603.7 | $2,514.7 |
| Unamortized debt discount and debt issuance costs | (2.0) | | (3.6) | | (3.6) | (9.2) |
| Net carrying amount of the liability component | $1,048.0 | | $857.4 | | $600.1 | $2,505.5 |
| June 29, 2024 | 2026 Notes (1) | 2028 Notes (2) | | 2029 Notes (3) | Total | |
| Principal | $1,050.0 | | $861.0 | | $603.7 | $2,514.7 |
| Unamortized debt discount and debt issuance costs | (2.8) | | (4.4) | | (4.3) | (11.5) |
| Net carrying amount of the liability component | $1,047.2 | | $856.6 | | $599.4 | $2,503.2 |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Contractual interest expense | $4.7 | | $4.9 | | $14.0 | $14.6 |
| Amortization of the debt discount and debt issuance costs | 0.8 | | 4.1 | | 2.3 | 13.8 |
| Total interest expense | $5.5 | | $9.0 | | $16.3 | $28.4 |
| Fiscal Years | 2026 Notes | 2028 Notes | | 2029 Notes | Total | |
| 2025 | $2.7 | | $2.2 | | $4.6 | $9.5 |
| 2026 | 5.3 | | 4.3 | | 9.1 | 18.7 |
| 2027 | 1,052.5 | | 4.3 | | 9.1 | 1,065.9 |
| 2028 | — | | 865.3 | | 9.1 | 874.4 |
| 2029 | — | | — | | 617.1 | 617.1 |
| Total payments | $1,060.5 | | $876.1 | | $649.0 | $2,585.6 |
| Foreign Currency Translation Adjustments, Net of Tax (1) | Defined Benefit Obligations, Net of Tax (2) | | Unrealized Gain (Loss) on Available-for-Sale Securities, Net of Tax (3) | | Total | |
| Beginning balance as of June 29, 2024 | $9.8 | | $0.7 | | $(1.2) | | $9.3 |
| Other comprehensive gain, net | — | | — | | 2.3 | | 2.3 |
| Ending balance as of September 28, 2024 | $9.8 | | $0.7 | | $1.1 | | $11.6 |
| Other comprehensive loss, net | (0.3) | | — | | (1.1) | | (1.4) |
| Ending balance as of December 28, 2024 | $9.5 | | $0.7 | | $— | | $10.2 |
| Other comprehensive gain, net | 0.3 | | — | | 0.6 | | 0.9 |
| Ending balance as of March 29, 2025 | $9.8 | | $0.7 | | $0.6 | | $11.1 |
First 8 of 16 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Balance as of beginning of period | $1.5 | | $10.2 | | $11.1 | $5.0 |
| Charges | 7.2 | | 19.2 | | 17.6 | 36.0 |
| Payments and other adjustments | (6.8) | | (11.7) | | (26.8) | (23.3) |
| Balance as of end of period | $1.9 | | $17.7 | | $1.9 | $17.7 |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Cost of sales | $9.2 | | $8.5 | | $28.1 | $23.5 |
| Research and development | 11.2 | | 9.8 | | 31.9 | 30.1 |
| Selling, general and administrative | 42.4 | | 13.3 | | 77.2 | 44.7 |
| Total stock-based compensation | $62.8 | | $31.6 | | $137.2 | $98.3 |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| RSUs | $31.5 | | $29.0 | | $80.3 | $90.8 |
| AIP PSUs | 8.3 | | — | | 21.9 | — |
| TSR PSUs | 1.0 | | — | | 1.6 | — |
| Other PSUs | 19.4 | | (0.9) | | 24.7 | 3.6 |
| Total PSUs | 28.7 | | (0.9) | | 48.2 | 3.6 |
| Options | 1.3 | | 1.3 | | 3.9 | 2.0 |
First 8 of 12 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Income tax benefit associated with stock-based compensation | $5.4 | | $3.6 | | $11.5 | $6.1 |
| Stock Options | Restricted Stock Units | | Performance Stock Units | | | | | | |
| Number of Shares | Weighted-Average Exercise Price per Share | | Number of Shares | Weighted-Average Grant Date Fair Value per Share | Number of Shares | | Weighted-Average Grant Date Fair Value per Share | | |
| Balance as of June 29, 2024 | 1.1 | | $8.0 | | 2.7 | | $62.5 | | 0.9 | $65.5 |
| Granted | — | | — | | 1.8 | | 59.9 | | 1.3 | 60.8 |
| Vested/Exercised | (0.3) | | 7.8 | | (1.5) | | 64.4 | | (0.2) | 83.5 |
| Canceled | — | | — | | (0.3) | | 60.6 | | (0.5) | 61.5 |
| Balance as of March 29, 2025 | 0.8 | | $8.0 | | 2.7 | | $60.0 | | 1.5 | $61.2 |
| Awards Available for Grant |
| Balance as of June 29, 2024 | 4.3 |
| Authorized | 0.5 |
| Granted | (3.1) |
| Canceled | 0.8 |
| Balance as of March 29, 2025 | 2.5 |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Balance as of beginning of period | $12.8 | | $10.1 | | $13.2 | $6.8 |
| Warranties assumed in Cloud Light acquisition | — | | 3.0 | | 0.8 | 8.2 |
| Provision for warranty | 1.8 | | 2.6 | | 6.2 | 3.6 |
| Utilization of reserve, net | (1.6) | | (2.2) | | (7.2) | (5.1) |
| Balance as of end of period | $13.0 | | $13.5 | | $13.0 | $13.5 |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Net revenue: | | | | | | |
| Cloud & Networking | $365.2 | | $313.8 | | $986.7 | $830.2 |
| Industrial Tech | 60.0 | | 52.7 | | 177.6 | 220.7 |
| Net revenue | $425.2 | | $366.5 | | $1,164.3 | $1,050.9 |
| Segment profit (loss): | | | | | | |
| Cloud & Networking | $73.1 | | $45.9 | | $164.5 | $98.9 |
First 8 of 25 rows. The CSV has all of them.
Table 44 after “(in millions, except percentage data):”
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| Three Months Ended | Nine Months Ended | | | | | | | | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Net revenue: | | | | | | | | | | | | | |
| Americas: | | | | | | | | | | | | | |
| United States | $70.5 | | 16.6% | | $129.9 | | 35.4% | | $213.5 | | 18.3% | $274.0 | 26.2% |
| Mexico | 38.8 | | 9.1 | | 18.9 | | 5.2 | | 110.1 | | 9.5 | 74.0 | 7.0 |
| Other Americas | 6.4 | | 1.5 | | 0.6 | | 0.2 | | 13.5 | | 1.2 | 2.6 | 0.2 |
First 8 of 18 rows. The CSV has all of them.
| March 29, 2025 | June 29, 2024 | |
| Property, plant and equipment, net | | | |
| United States | $123.0 | | $131.0 |
| Thailand | 197.1 | | 141.0 |
| Japan | 139.5 | | 75.7 |
| United Kingdom | 104.5 | | 83.8 |
| China | 76.0 | | 85.7 |
| Other countries | 53.2 | | 55.3 |
First 8 of 9 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | | | | | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Cloud & Networking | $365.2 | | 85.9% | | 313.8 | | 85.6% | | $986.7 | | 84.7% | $830.2 | 79.0% |
| Industrial Tech | 60.0 | | 14.1% | | 52.7 | | 14.4% | | 177.6 | | 15.3% | 220.7 | 21.0% |
| Net revenue | $425.2 | | 100.0% | | $366.5 | | 100.0% | | $1,164.3 | | 100.0% | $1,050.9 | 100.0% |
| Contract balances | Balance sheet location | March 29, 2025 | June 29, 2024 | | Change | Percentage Change | |
| Accounts receivable, net | Accounts receivable, net | $255.7 | | $194.7 | | $61.0 | 31.3% |
| Deferred revenue and customer deposits | Other current liabilities | $0.7 | | $0.6 | | $0.1 | 16.7% |
Table 48 after “The results of operations for the periods presented are not necessarily indicative of results to be expected for future periods. The followi”
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| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Segment net revenue: | | | | | | |
| Cloud & Networking | 85.9% | | 85.6% | | 84.7% | 79.0% |
| Industrial Tech | 14.1 | | 14.4 | | 15.3 | 21.0 |
| Net revenue | 100.0 | | 100.0 | | 100.0 | 100.0 |
| Cost of sales | 66.7 | | 77.7 | | 68.8 | 75.1 |
| Amortization of acquired developed intangibles | 4.5 | | 6.1 | | 5.4 | 5.9 |
First 8 of 21 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | | | | | | | | | |
| March 29, 2025 | March 30, 2024 | | Change | Percentage Change | March 29, 2025 | | March 30, 2024 | Change | | Percentage Change | | | |
| Segment net revenue: | | | | | | | | | | | | | | |
| Cloud & Networking | $365.2 | | 313.8 | | $51.4 | | 16.4% | | $986.7 | | | $830.2 | $156.5 | 18.9% |
| Industrial Tech | 60.0 | | 52.7 | | 7.3 | | 13.9% | | 177.6 | | | 220.7 | (43.1) | (19.5)% |
| Net revenue | $425.2 | | $366.5 | | $58.7 | | 16.0% | | $1,164.3 | | | $1,050.9 | $113.4 | 10.8% |
| Gross profit | $122.5 | | $59.5 | | $63.0 | | 105.9% | | $300.0 | | | $200.2 | $99.8 | 49.9% |
| Gross margin | 28.8% | | 16.2% | | | | | 25.8% | | 19.1% | | | | |
First 8 of 16 rows. The CSV has all of them.
Table 50 after “(in millions, except percentage data):”
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| Three Months Ended | Nine Months Ended | | | | | | | | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | | | | | | | | |
| Amount | % of Total | | Amount | % of Total | Amount | | % of Total | Amount | % of Total | | | |
| Net revenue: | | | | | | | | | | | | | |
| Americas: | | | | | | | | | | | | | |
| United States | $70.5 | | 16.6% | | $129.9 | | 35.4% | | $213.5 | | 18.3% | $274.0 | 26.2% |
| Mexico | 38.8 | | 9.1 | | 18.9 | | 5.2 | | 110.1 | | 9.5 | 74.0 | 7.0 |
| Other Americas | 6.4 | | 1.5 | | 0.6 | | 0.2 | | 13.5 | | 1.2 | 2.6 | 0.2 |
First 8 of 18 rows. The CSV has all of them.
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Cloud & Networking | $73.1 | | 45.9 | | $164.5 | $98.9 |
| Industrial Tech | 2.6 | | (2.7) | | 8.7 | 25.3 |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Foreign exchange and other gains (losses), net | $(3.6) | | $3.7 | | $1.6 | $(0.5) |
| Interest and investment income, net | 7.8 | | 12.6 | | 26.2 | 51.4 |
| Other income (expense), net | — | | (0.1) | | — | (0.1) |
| Total other income, net | $4.2 | | $16.2 | | $27.8 | $50.8 |
| Three Months Ended | Nine Months Ended | | | | |
| March 29, 2025 | March 30, 2024 | | March 29, 2025 | March 30, 2024 | |
| Income tax provision | $4.9 | | $19.6 | | $26.7 | $15.8 |
| Payments Due | | | | |
| Total | Less Than 1 Year | | More Than 1 Year | |
| Contractual Obligations | | | | | |
| Asset retirement obligations | $7.6 | | $0.6 | | $7.0 |
| Operating lease liabilities, including imputed interest (1) | 39.9 | | 12.8 | | 27.1 |
| Pension plan contributions (2) | 1.6 | | 1.6 | | — |
| Purchase obligations (3) | 635.3 | | 594.8 | | 40.5 |
| Term loans - principal (5) | 67.2 | | 10.3 | | 56.9 |
First 8 of 12 rows. The CSV has all of them.
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximation Dollar Value) of Shares That May Yet Be Purchased under the Plans or Programs | |
| December 29, 2024 to January 25, 2025 | — | | $— | | — | $569.6 |
| January 26, 2025 to February 22, 2025 | — | | $— | | — | $569.6 |
| February 23, 2025 to March 29, 2025 | — | | $— | | — | $569.6 |
| Total | — | | $— | | — | $569.6 |
Table 56 after “The following exhibits are filed herewith or are incorporated by reference to exhibits previously filed with the Securities and Exchange Com”
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| Exhibit | | Incorporated by Reference | | | | Filed |
| No. | Exhibit Description | Form | File No. | Exhibit | Filing Date | Herewith |
| 10.1 | Offer Letter entered into by Lumentum Holdings Inc. with Michael Hurlston, dated January 28, 2025. | 8-K | 001-36861 | 10.1 | 2/3/2025 | |
| 10.2 | Transition Agreement entered into by Lumentum Holdings Inc. with Alan Lowe, dated February 2, 2025. | 8-K | 001-36861 | 10.2 | 2/3/2025 | |
| 10.3 | 2025 Inducement Equity Incentive Plan. | S-8 | 333-284742 | 4.3 | 2/6/2025 | |
| 10.4 | Form of Restricted Stock Unit Agreement under 2025 Inducement Equity Incentive Plan. | S-8 | 333-284742 | 4.4 | 2/6/2025 | |
| 10.5 | Form of Performance Stock Unit Agreement under 2025 Inducement Equity Incentive Plan. | S-8 | 333-284742 | 4.5 | 2/6/2025 | |
| 31.1 | Certification of the Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | | | | | X |
First 8 of 13 rows. The CSV has all of them.