Lumentum Holdings Inc (LITE)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 459,900 | 332,200 | 251,100 | 240,400 | 257,200 | 314,600 | 403,900 | 481,200 | 587,700 | 679,800 | 716,300 | 757,600 | 788,600 | 769,700 | 787,500 | 809,600 | 783,100 | 756,000 | 728,700 | 688,200 |
| Revenue (ttm) | US$ in thousands | 1,645,000 | 1,472,600 | 1,413,900 | 1,378,500 | 1,359,200 | 1,421,700 | 1,438,600 | 1,577,800 | 1,767,000 | 1,818,300 | 1,830,300 | 1,771,000 | 1,712,600 | 1,682,600 | 1,706,700 | 1,738,800 | 1,742,800 | 1,718,800 | 1,702,100 | 1,681,100 |
| Gross profit margin | 27.96% | 22.56% | 17.76% | 17.44% | 18.92% | 22.13% | 28.08% | 30.50% | 33.26% | 37.39% | 39.14% | 42.78% | 46.05% | 45.74% | 46.14% | 46.56% | 44.93% | 43.98% | 42.81% | 40.94% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $459,900K ÷ $1,645,000K
= 27.96%
The gross profit margin of Lumentum Holdings Inc. exhibits notable fluctuations over the examined period, reflecting shifts in profitability related to the company's core operations. Starting from 40.94% as of September 30, 2020, there was a steady ascent reaching a peak of 46.56% on September 30, 2021. This upward trend suggests improving efficiency or favorable product mix during this timeframe.
Subsequently, the gross profit margin experienced a slight decline, moving to 46.14% at the end of 2021 and maintaining relatively stable levels through March and June 2022 at around 45.74% to 46.05%. However, beginning in September 2022, the margin demonstrates a downward trajectory, dropping to 42.78%, then further decreasing to 39.14% by December 2022. The trend persisted into 2023 with the margin continually declining to 37.39% in March, 33.26% in June, and reaching 30.50% in September 2023.
This declining pattern persisted into late 2023 and early 2024, with the gross profit margin recorded at 28.08% on December 31, 2023, and 22.13% on March 31, 2024. The metric continued to decline through June and September 2024, registering at 18.92% and 17.44%, respectively. A partial recovery is observed in late 2024, with the margin increasing slightly to 17.76% in December 2024, before rising again in 2025 to 22.56% by March and 27.96% by June.
Overall, the gross profit margin displays a pattern of initial growth followed by a prolonged decline beginning in late 2021 through mid-2024, with a modest recovery noted subsequently. This trend may indicate changing market conditions, pricing strategies, cost structures, or product mix influencing profitability during this period.
Peer comparison
Jun 30, 2025