UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36861 Lumentum Holdings Inc. (Exact name of Registrant as specified in its charter) Delaware 47-3108385 (State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36861 Lumentum Holdings Inc. (Exact name of Registrant as specified in its charter) Delaware 47-3108385 (State or other jur ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36861 Lumentum Holdings Inc. (Exact name of Registrant as specified in its charter) (Registrant's telephone number, inc ...

FY23 Key Points Executed upon coherent module vertical integration strategy with NeoPhotonics and IPG product line acquisitions Doubled capacity in tunable access modules to address future growth – | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|-------------|--------|-----------------|-------|-------------------------------|-------|---------|-----------------------------------------------------------------------|-------|--- ...

Lumentum Holdings Inc. (NASDAQ:LITE) Q4 2023 Earnings Conference Call August 17, 2023 8:30 AM ET Company Participants Kathy Ta - Vice President of Investor Relations Alan Lowe - President, Chief Executive Officer Wajid Ali - Chief Financial Officer Chris Coldren - Senior Vice President, Chief Strategy, Corporate Development Officer Conference Call Participants Meta Marshall - Morgan Stanley David Vogt - UBS Alex Henderson - Needham Samik Chatterjee - JPMorgan George Notter - Jefferies Michael Genovese - Ros ...

Lumentum Holdings Inc. (NASDAQ:LITE) Q3 2023 Results Conference Call May 9, 2023 8:30 AM ET Company Participants Kathy Ta - VP, IR Alan Lowe - President and CEO Wajid Ali - CFO Chris Coldren - SVP and Chief Strategy and Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James Samik Chatterjee - JP Morgan Alex Henderson - Needham Meta Marshall - Morgan Stanley Tom O’Malley - Barclays Christopher Rolland - SIG Ruben Roy - Stifel Blake Friedman - Bank of America George Notter - ...

Mergers and Acquisitions - The merger with NeoPhotonics was completed on August 3, 2022, with a total transaction consideration of $934.4 million, including $867.3 million in cash paid to NeoPhotonics shareholders [191][194]. - The acquisition of IPG Photonics' telecom transmission product lines was finalized on August 15, 2022, for a total cash purchase price of $55.9 million, enhancing the OpComms segment [196]. - The company recorded $24.2 million in merger-related costs associated with the NeoPhotonics merger, impacting selling, general, and administrative expenses [194]. - Restructuring and related charges for the nine months ended April 1, 2023 totaled $24.8 million, primarily due to integration efforts from the NeoPhotonics merger [238]. Financial Performance - Net revenue decreased by $12.0 million, or 3.0%, during the three months ended April 1, 2023, compared to the same period in 2022, primarily due to a $9.1 million decrease in OpComms revenue and a $2.9 million decrease in Lasers revenue [209]. - Net revenue increased by $105.7 million, or 8.2%, during the nine months ended April 1, 2023, compared to the same period in 2022, driven by a $89.7 million increase in OpComms revenue and a $16.0 million increase in Lasers revenue [211]. - For the three months ended April 1, 2023, net revenue from customers outside the United States represented 82.2% of total net revenue, a decrease from 90.8% in the same period in 2022 [216]. Operating Expenses - Total operating expenses increased to 42.6% of net revenue during the three months ended April 1, 2023, compared to 30.5% in the same period in 2022 [208]. - Research and development expenses increased by 50.6% to $85.4 million during the three months ended April 1, 2023, representing 22.3% of net revenue [208]. - SG&A expense increased by $12.6 million, or 19.7%, during the three months ended April 1, 2023 compared to the same period in 2022, driven by increased payroll and employee compensation expenses [233]. - SG&A expense increased by $84.4 million, or 43.0%, during the nine months ended April 1, 2023 compared to the same period in 2022, primarily due to additional headcount from the NeoPhotonics merger [234]. Gross Margin and Profitability - Gross profit decreased by $55.2 million, or 33.0%, during the three months ended April 1, 2023, resulting in a gross margin of 29.2% compared to 42.3% in the same period in 2022 [208]. - Gross margin for the three months ended April 1, 2023 decreased to 29.2% from 42.3% for the same period in 2022, primarily due to lower gross margin from the OpComms segment [221]. - OpComms gross margin for the three months ended April 1, 2023 decreased to 40.8% from 49.0% for the same period in 2022, driven by a less profitable mix of products [225]. Supply Chain and Market Demand - As of April 1, 2023, the company incurred $10.8 million in incremental supply and procurement costs due to global supply chain constraints, which may impact gross margins [202]. - The company expects ongoing challenges with component supply in the remaining fiscal 2023, affecting its ability to meet customer demand [202]. - The company anticipates continued strong demand for optical devices driven by the shift to digital and virtual environments, emphasizing the importance of communications systems and cloud services [200]. - The impact of COVID-19 has led to a global slowdown in economic activity, affecting demand and supply chains, with ongoing monitoring of the situation [199]. Cash Flow and Liquidity - As of April 1, 2023, the company's cash and cash equivalents decreased to $549.2 million from $1,290.2 million as of July 2, 2022 [248]. - Cash provided by operating activities was $130.6 million during the nine months ended April 1, 2023, reflecting a net loss of $71.4 million [264]. - Cash used in investing activities totaled $803.1 million during the nine months ended April 1, 2023, primarily due to the acquisition of NeoPhotonics and IPG product lines for $861.6 million [266]. - The company has a total of $2,868.2 million in contractual obligations as of April 1, 2023, with $828.8 million due within the next year [253]. - The company’s liquidity position may be impacted by global economic conditions, demand fluctuations, and changes in accounts receivable and inventory [252]. Tax and Interest - The company recorded a tax benefit of $9.4 million for the three months ended April 1, 2023, and a tax provision of $14.4 million for the nine months ended April 1, 2023 [244]. - The company’s estimated effective tax rate for fiscal 2023 differs from the 21% U.S. statutory rate primarily due to the income tax expense from GILTI [246]. - Interest expense for the three months ended April 1, 2023 was $8.7 million, a decrease from $19.7 million for the same period in 2022, primarily due to the adoption of ASU 2020-06 [241]. Investments and Risks - The company is exposed to equity price risk related to the conversion options embedded in its 2028, 2026, and 2024 Notes, with an aggregate principal amount of $2,361.0 million [275]. - A hypothetical 1% increase or decrease in interest rates would result in a fair value change of approximately $7.1 million in the investment portfolio as of April 1, 2023 [278]. - The company has significant net operating losses (NOLs) in the U.S. which could impact the recoverability of deferred tax assets in the future [271]. - As of April 1, 2023, the company had approximately $257.5 million of unrestricted cash in operating accounts, which could be impacted by the failure of financial institutions [279].

Lumentum Holdings Inc. (NASDAQ:LITE) Q2 2023 Earnings Conference Call February 9, 2023 8:30 AM ET Company Participants Kathy Ta - Vice President of Investor Relations Alan Lowe - President and Chief Executive Officer Wajid Ali - Chief Financial Officer Chris Coldren - Senior Vice President and Chief Strategy and Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James Tom O'Malley - Barclays Christopher Rolland - SIG Samik Chatterjee - J.P. Morgan Alex Henderson - Needham Met ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36861 Lumentum Holdings Inc. (Exact name of Registrant as specified in its charter) Delaware 47-3108385 (Address of principa ...

Forward Looking Statements and Financial Presentation © 2022 Lumentum Operations LLC | LUMENTUM CONFIDENTIAL AND PROPRIETARY INFORMATION 2 Telecom & Datacom Datacom revenue declined Q/Q due to inventory digestion by cloud customers, as expected – Expect ~$60M gap between supply and demand in Q3 due to IC shortages, modestly improved from Q2 Industrial & Consumer Revenue down Q/Q, more than expected due to weaker demand from our largest 3DS customer – Ultrafast laser revenue more than doubled Y/Y due to expa ...