Lumentum Holdings Inc (LITE)
Gross profit margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 459,900 | 251,500 | 678,000 | 788,600 | 850,200 |
| Revenue | US$ in thousands | 1,645,000 | 1,359,200 | 1,767,000 | 1,712,600 | 1,742,800 |
| Gross profit margin | 27.96% | 18.50% | 38.37% | 46.05% | 48.78% |
June 30, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $459,900K ÷ $1,645,000K
= 27.96%
The gross profit margin of Lumentum Holdings Inc. has exhibited notable fluctuations over the analyzed period. As of June 30, 2021, the gross profit margin was recorded at 48.78%, indicating a strong profitability relative to revenue. By June 30, 2022, the margin declined modestly to 46.05%, reflecting a slight compression in gross profitability. The decline continued more sharply by June 30, 2023, with the gross margin shrinking to 38.37%, which suggests increased cost pressures, pricing challenges, or shifts in product mix.
A significant deterioration is observed in the subsequent year, with the gross profit margin dropping markedly to 18.50% by June 30, 2024. This substantial decline indicates a considerable decrease in gross profitability, potentially stemming from increased cost of goods sold, pricing pressures, or operational issues affecting margins. The margin then shows a partial recovery, rising to 27.96% by June 30, 2025, although it remains well below historical levels.
Overall, the trend from 2021 to 2025 reflects a weakening in Lumentum’s gross profit margin, with a particularly steep decline between 2023 and 2024. This pattern warrants further analysis to identify specific operational or market factors contributing to the erosion of gross profitability during this period.
Peer comparison
Jun 30, 2025