Lumentum Holdings Inc 2025年季度报告

Form 10-Q (Mark One)☐QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THESECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December 28, 2024OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934For the transition period from to Commission File Number 001-36861Lumentum Holdings Inc.(Exact name of Registrant as specified in its charter)Delaware47-3108385(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification Number)1001 Ridder Park Drive, San Jose, California 95131(Address of principal executive offices including Zip code)(408) 546-5483(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for suchshorter period that the Registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. Yes xNo o Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files). Yes xNo o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large acceleratedfilerxAccelerated fileroNon-acceleratedfileroSmallerreporting companyEmerginggrowth company If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act. o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act). Yes☐No x As of January 30, 2025, the Registrant had 69.2 million shares of common stock outstanding. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Condensed Consolidated Statements of Operations for the Three and SixMonths Ended December 28, 2024 and December 30, 20232Condensed Consolidated Statements of Comprehensive Loss forthe Three andSix Months Ended December 28, 2024 and December 30, 20233Condensed Consolidated Balance Sheets as of December 28, 2024 and June29, 20244Condensed Consolidated Statements of Cash Flows forthe Six Months EndedDecember 28, 2024 and December 30, 20235Condensed Consolidated Statements of Stockholders’ Equity for the Three andSix Months Ended December 28, 2024 and December 30, 20237Notes to Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations42Item 3.Quantitative and Qualitative Disclosures About Market Risk58Item 4.Controls and Procedures59 PART II - OTHER INFORMATIONItem 1.Legal Proceedings60Item 1A.Risk Factors61Item 2.Unregistered Sales of Equity Securities and Use of Proceeds90 PART I - FINANCIAL INFORMATION LUMENTUM HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except per share data)(Unaudited) See accompanying Notes to Condensed Consolidated Financial Statements. Table of Contents LUMENTUM HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(in millions)(Unaudited) Table of Contents LUMENTUM HOLDINGS INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in millions, except par value)(Unaudited) LUMENTUM HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in millions)(Unaudited) Table of Contents See accompanying Notes to Condensed Consolidated Financial Statements. Table of Contents LUMENTUM HOLDINGS INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note 1. Description of Business and Summary of Significant Accounting Policies Description of Business Lumentum Holdings Inc. (“we,” “us,” “our,” “Lumentum” or the “Company”) is an industry-leadingprovider of optical and photonic products essential to a range of cloud, artificial intelligence and machinelearning (“AI/ML”), telecommunications, consumer, and industrial end-market applications. We operate intwo end-market focused reportable segments, Cloud & Networking and Industrial Tech. Our Cloud & Networking products include a comprehensive portfolio of optical and photonic chips,modules, and subsystems supplied to cloud data center operator, AI/ML infrastructure provider, andnetworkequipment manufacturer customers who are building cloud data center and networkinfrastructures. Our products enable high-capacity optical data links in cloud, AI/ML, and data cen