Industries:

1. Telecommunications
2. Data communication
3. Industrial applications

TOP 3 Markets:

1. USA: approx. 40%
2. China: approx. 25%
3. Europe: approx. 20%

Lumentum Holdings Inc. generates the majority of its revenue from the telecommunications and data communication sectors, with a focus on optical networking solutions. The USA is the company's largest market, followed by China and Europe. These markets benefit from the increasing demand for high-speed internet and advanced communication solutions.

Production Sites:

• USA
• Thailand
• China

Lumentum Holdings Inc. mainly produces its products in the USA, Thailand, and China. This geographical distribution enables the company to optimize production costs and ensure proximity to key markets and supply chains. The locations in Asia, especially in Thailand and China, are strategically important for serving demand in the region and benefiting from cost-effective production capabilities there.

Strategic Priorities:

1. Diversification of the product portfolio
2. Expansion into new markets
3. Focus on research and development

Lumentum Holdings Inc. pursues a strategy aimed at diversifying its product portfolio. The company is increasing its investment in the development of new technologies, especially in the field of optical networks and 3D sensing, to differentiate itself from the competition and tap into new revenue sources.

Another important aspect of the growth strategy is the expansion into new geographical markets. Lumentum plans to strengthen its presence in Asia and Europe to benefit from the increasing demand for optical technologies in these regions.

Additionally, the company places great emphasis on research and development to provide innovative solutions that meet the changing requirements of the telecommunications and electronics industry. Through continuous investments in R&D, Lumentum aims to achieve technological leadership and remain competitive in the long term.

Main raw materials: Semiconductors, optical components, rare earths

Countries of origin: China, Japan, South Korea, USA

Lumentum Holdings Inc. is a company specializing in optical and photonic products. The main raw materials imported include semiconductors and optical components that are essential for the production of lasers and optical networking solutions.

Rare earths and special metals used in the production of lasers and optical devices often come from China, one of the largest exporters of these materials. Japan and South Korea are also significant suppliers of advanced semiconductor technologies and optical components. The USA plays a role in supplying semiconductors and technological components that are locally produced.

This procurement of materials is crucial for maintaining production capacities and technological innovation at Lumentum Holdings Inc.

Market Share: Estimated at 20% in the field of optical components (2025)

Research & Development (R&D) Expenses: 12% of revenue (2024)

Patents: Over 1,000 active patents (2025)

Lumentum Holdings Inc. has a significant competitive advantage in the field of optical components and laser technologies. The company has an estimated market share of 20% in its main segment, indicating a strong market position.

A key factor for this advantage is the continuous investment in research and development. With 12% of revenue flowing into R&D, Lumentum demonstrates a strong commitment to innovation and technological advancement. These investments help the company stay at the forefront of technological development and bring new products to market faster.

Additionally, Lumentum has an extensive portfolio of over 1,000 active patents. These patents not only protect its own technologies but also create barriers to entry for competitors. The protection of intellectual property is a crucial factor that helps Lumentum defend and expand its market position.

Institutional Investor Share: Approx. 90% (2025, estimated based on historical data)

Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share in Lumentum Holdings Inc. is traditionally high, indicating the trust of large investment funds and institutional investors in the company. These investors typically value the company's long-term growth prospects and stability.

In 2025, there were no significant insider buys or sells, suggesting that the management and other insiders do not currently expect significant changes in the company's value. This can be seen as a sign of stability and confidence in the current corporate strategy.

Market share of Lumentum Holdings Inc.: Estimated 8% (2025)

Main competitors and their market shares:

1. II-VI Incorporated (now Coherent Corp.): 15%
2. Finisar Corporation (part of II-VI): 12%
3. Fujitsu Optical Components: 10%
4. NeoPhotonics Corporation (part of Lumentum): 9%
5. Sumitomo Electric Industries: 7%
6. Oclaro (part of Lumentum): 6%
7. Broadcom Inc.: 5%
8. Cisco Systems, Inc.: 4%
9. Infinera Corporation: 3%
10. Ciena Corporation: 2%

Moat of Lumentum Holdings Inc.:

Lumentum Holdings Inc. has a moderate moat, mainly based on its technological expertise and broad product portfolio in the field of optical components. The acquisitions of NeoPhotonics and Oclaro have strengthened Lumentum's market position and enabled the company to offer a wider range of solutions.

Compared to its competitors like Coherent Corp. (formerly II-VI), which have also grown through strategic acquisitions, Lumentum has a similar technological advantage but not a significant lead. Coherent Corp., due to its size and market diversification, has a stronger moat.

Competition in the industry is intense, and many companies are heavily investing in research and development to enhance their market position. Therefore, Lumentum's moat is considered moderate compared to some of its larger competitors.

Revenue Growth: 8% (2024, estimated)
Profit Growth: 5% (2024, estimated)
R&D Expenses: 12% of revenue (2024, estimated)

Lumentum Holdings Inc. is a leading company in the field of optical and photonic products used in various high-tech applications. The company has shown moderate revenue and profit growth in recent years, indicating stable demand in its core markets.

A positive aspect is the continuous investment in research and development, accounting for approximately 12% of revenue. This suggests that Lumentum is striving to innovate its product range and remain competitive, which could lead to long-term growth.

However, one should also consider the challenges in the industry, such as intense competition and potential geopolitical tensions that could impact supply chains. Overall, Lumentum could be a good investment for investors interested in long-term growth and willing to accept the volatility of the technology sector.

Dividend: No dividend (as of 2025)

Lumentum Holdings Inc. currently does not pay a dividend to its shareholders. The company has focused in the past on reinvesting its profits in research and development as well as strategic acquisitions to strengthen its market position and ensure future growth.

The decision not to pay a dividend is typical for companies in the technology sector that are in a growth stage and need capital for expansion and innovation. Investors who invest in Lumentum often do so with the expectation of capital gains rather than dividend income.