Lumentum Holdings Inc. reported a significant increase in its financial performance for the fiscal year ending June 28, 2025, with net revenue reaching $1.645 billion, a 21% increase from $1.359 billion in the previous fiscal year. The growth was primarily driven by a 30% rise in revenue from the Cloud & Networking segment, which accounted for 85.8% of total revenue, reflecting strong demand from cloud and AI/ML customers. In contrast, the Industrial Tech segment saw a decline in revenue, dropping 14.6% to $234.2 million, attributed to increased competition in the consumer market for imaging and sensing products.
The company's gross profit also improved significantly, rising to $459.9 million, or 28% of net revenue, compared to $251.5 million, or 18.5% of net revenue, in the prior year. This increase was aided by a reduction in excess and obsolete inventory charges and lower costs associated with the acquisition of Cloud Light, which was completed in November 2023. The acquisition of Cloud Light, which specializes in advanced optical modules for data center interconnect applications, is expected to enhance Lumentum's capabilities in serving the growing needs of cloud and networking customers.
Operationally, Lumentum employed approximately 10,562 full-time employees as of June 28, 2025, maintaining a global presence with manufacturing facilities in North America, Asia-Pacific, and Europe. The company has been actively managing its supply chain amid ongoing global trade uncertainties and supply chain disruptions, particularly those stemming from the COVID-19 pandemic. As inventory levels normalized, demand from AI and cloud customers increased, contributing to the overall revenue growth.
Looking ahead, Lumentum remains optimistic about its growth prospects, driven by the increasing reliance on data transmission and the expansion of cloud data centers. The company is focused on continuing its investment in research and development to innovate and enhance its product offerings, particularly in the areas of optical components for cloud and AI/ML applications. However, Lumentum acknowledges the potential risks posed by geopolitical tensions, trade restrictions, and fluctuations in market demand, which could impact its financial performance in the future.
About Lumentum Holdings Inc.
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