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Lumentum Holdings Inc.

LITE Technology Communication Equipment

Lumentum Holdings Inc.’s revenue for fiscal 2026 (year ended June 2026) was $3.0 billion, up 83.2% from fiscal 2025. In the quarter to June 2026, revenue grew 109.3%, EPS fell 2,866.3%, free cash flow grew 1,870.3% and total debt fell 36.4%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100.

993.81 109.55 −9.93%
Market cap
$100.0B
P/E
0.0×
Fwd P/E
54.3×
Dividend yield
—
F-score
5/9
Altman Z
13.85
Beneish M
−6.57
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Lumentum Holdings Inc. (LITE) Beneish M-score

Alert me on Beneish M-score

Lumentum Holdings Inc.'s Beneish M-score for fiscal 2026 is −6.57; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.

Beneish M-score, annual

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Annual newest first

Period Beneish M-score Change (points)
FY2026 −6.57 (4.07)
FY2025 −2.50 0.27
FY2024 −2.77 (0.36)
FY2023 −2.41 0.37
FY2022 −2.78 0.36
FY2021 −3.14 0.20
FY2020 −3.34 (1.54)
FY2019 −1.81 (0.69)
FY2018 −1.12 2.56
FY2017 −3.68 (0.72)

How fiscal 2026’s score is made up

Component This year Year before Result Points
Days’ sales in receivables index 1.14 — 1.05
Gross margin index 0.67 — 0.35
Asset quality index 0.65 — 0.26
Sales growth index 1.83 — 1.63
Depreciation index 1.39 — 0.16
SG&A index 0.57 — −0.10
Total accruals to total assets (1.05) — −4.92
Leverage index 0.49 — −0.16
Beneish M-score Low — no pattern the model associates with manipulation −6.57

How the Beneish M-score works

M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.

below −2.22Low — no pattern the model associates with manipulation
−2.22 to −1.78Elevated
above −1.78Flagged by the model

−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.

When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.

Beneish M-score against peers

Company Beneish M-score
LITE Lumentum Holdings Inc. −6.6×
CIEN Ciena Corporation compare −2.9×
NOK Nokia Corporation compare −2.6×
ERIC Ericsson compare −2.5×
MSI Motorola Solutions, Inc. compare −2.4×
CSCO Cisco Systems, Inc. compare −2.4×
HPE Hewlett Packard Enterprise Company compare −2.3×
UI Ubiquiti Inc. compare −2.1×
ASTS AST SpaceMobile, Inc. compare 16.9×

What Beneish M-score is

The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.

−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI

The full definition of Beneish M-score →

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