Lumentum Holdings
36 named things its latest annual report says its results depend on, each in the company's own words. 28 of them are also named by other companies we've read.
Customers
Customer A (unnamed end customer)
earns from · 26.6%named as a riskDuring fiscal years 2026, 2025, and 2024, net revenue from a single end customer which represented 10% or more of our total net revenue of the applicable fiscal year is summarized in the table below:Business (Item 1)
Customer B (unnamed end customer)
earns from · 15.0%named as a riskDuring fiscal years 2026, 2025, and 2024, net revenue from a single end customer which represented 10% or more of our total net revenue of the applicable fiscal year is summarized in the table below:Business (Item 1)
Suppliers
Contract manufacturers (sole source finished goods)
depends onnamed as a riskFor many products, a particular contract manufacturer may be the sole source of the finished good products.Risk factors (Item 1A)
Also named by AIOT, COHR, CSCO, DELL, GNRC, GOOG, HROW, KEYS and 6 more
Sole and limited source suppliers
depends onnamed as a riskAdditionally, some of our suppliers are our sole sources for certain materials, equipment and components.Risk factors (Item 1A)
Also named by KLAC
Other companies
Convertible notes (2026, 2028, 2029, 2032 Notes)
$1,554.3 millionnamed as a riskWe have repeatedly taken advantage of opportunities for convertible debt financing and have $1,554.3 million in aggregate principal amount of debt outstanding.Risk factors (Item 1A)
Viavi Solutions
named as a riskIn connection with our separation from JDSU and trading as an independent public company in 2015, we agreed to indemnify Viavi for any liability associated with contamination from past operations at all properties transferred to us from Viavi, to the extent the resulting issues primarily related to our business.Business (Item 1)
Also named by MGRC
Places
Outside the United States
earns from · 79.2%During fiscal years 2026, 2025 and 2024, net revenue from customers outside the United States based on the geographic region and country where our product is initially shipped to represented 79.2%, 81.0% and 73.8% of net revenue, respectively.Business (Item 1)
Also named by APD, ARW, BALL, CCK, COO, GGG, GIS, HPE and 10 more
China
operates innamed as a riskFurther, certain of our suppliers are located in China, which exposes us to risks associated with Chinese laws and regulations and U.S. laws, regulations and policies with respect to China, such as those related to export controls, tariffs and retaliatory measures, and risks related to taxation and the treatment of intellectual property.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
United Kingdom
operates innamed as a riskWe continue to look for opportunities to leverage the lower cost of non-U.S. manufacturing, including the United Kingdom, China, Thailand, and Japan.Risk factors (Item 1A)
Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more
Japan
operates innamed as a riskWe manufacture some of our finished good products as well as some of the components that we provide to our contract manufacturers in our China, Japan, Thailand, United Kingdom, and San Jose, California manufacturing facilities.Risk factors (Item 1A)
Also named by A, AAPL, AFL, AMKR, ANET, BMY, BSX, CAT and 25 more
Thailand
operates innamed as a riskMajor developments in tax policy or trade relations, such as the imposition of tariffs on imported products, for example, higher U.S. tariffs on the import of certain products manufactured in Thailand or China (and vice-versa), could increase our product and product-related costs or require us to seek alternative suppliers, either of which could result in decreased sales or increased product and product-related costs.Risk factors (Item 1A)
Also named by ADI, CB, CIEN, INGR, LZB, MCHP, NXT, TER and 3 more
San Jose, California
operates innamed as a riskWe manufacture some of our finished good products as well as some of the components that we provide to our contract manufacturers in our China, Japan, Thailand, United Kingdom, and San Jose, California manufacturing facilities.Risk factors (Item 1A)
Also named by SMCI
Taiwan
concentrated inOur significant contract manufacturing partners are located primarily in Thailand, Taiwan, Malaysia and the Philippines.Business (Item 1)
Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more
Malaysia
concentrated inOur significant contract manufacturing partners are located primarily in Thailand, Taiwan, Malaysia and the Philippines.Business (Item 1)
Also named by A, ANET, AVGO, CGNX, DELL, FSLR, MSI, NXT and 6 more
Philippines
concentrated inOur significant contract manufacturing partners are located primarily in Thailand, Taiwan, Malaysia and the Philippines.Business (Item 1)
Also named by ACN, ADI, AEHR, COF, FDS, HRL, INTU, MCHP and 5 more
Thailand
concentrated inOur significant contract manufacturing partners are located primarily in Thailand, Taiwan, Malaysia and the Philippines.Business (Item 1)
Also named by ADI, CB, CIEN, INGR, LZB, MCHP, NXT, TER and 3 more
Greensboro, North Carolina
operates inWe expanded our manufacturing footprint through our various acquisitions, and in 2026, we continued to add to our footprint by acquiring a manufacturing facility in Greensboro, North Carolina.Business (Item 1)
Also named by VNT
Hazards
Cambodia-Thailand conflict
named as a riskAdditionally, instability in the global credit and banking markets, inflation, trade wars, disputes and tariffs, capital expenditure reductions, unemployment, stock market volatility, armed conflicts and geopolitical tensions in many parts of the world (including as a result of the on-going Russia-Ukraine war, ongoing conflicts in the Middle East, including the U.S.-Iran war, political and territorial conflicts in the Western Hemisphere, the conflict between Cambodia and Thailand, and China-Taiwan relations), economic challenges in China and the U.S., including global economic ramifications of Chinese and U.S. economic difficulties, and other disruptions may continue to put pressure on global economic conditions.Risk factors (Item 1A)
Earthquakes, floods and typhoons
operates innamed as a riskOur manufacturing operations and those of our contract manufacturers may be affected by natural disasters such as earthquakes, floods, typhoons, tsunamis, fires and widespread health crises, changes in legal requirements, labor competition, shortages and turnover, labor strikes and other labor unrest, wars or other conflicts, and economic, political or other forces that are beyond our control.Risk factors (Item 1A)
Commodities and inputs
Japanese yen
exposed to its pricenamed as a riskIn addition, we also have term loans denominated in Japanese Yen.Risk factors (Item 1A)
Also named by ABBV, ABT, ACN, ADBE, ALK, AMAT, AMKR, BMY and 24 more
Substrates
depends onnamed as a riskSimilarly, China restricted exports to Japan, which affected our substrate supply chain globally.Risk factors (Item 1A)
Also named by INTC
Rare earth metals and critical minerals
exposed to its pricenamed as a riskFor example, China’s export controls affected the availability and price of rare earth metals and other critical minerals for us as well as our supply chain and customers, adversely affecting our operations, margins and sales.Risk factors (Item 1A)
Indium, gallium and germanium
depends onnamed as a risk•the restrictions in China on the export of indium, gallium, germanium and other rare earth metals and critical minerals; and other retaliatory responses in the trade policies of the U.S. or foreign governments;Risk factors (Item 1A)
Chinese yuan, Thai baht, U.K. pound sterling
exposed to its pricenamed as a riskFor example, a portion of our expenses are denominated in the U.K. pound sterling, Chinese yuan and Thai baht.Risk factors (Item 1A)
Regulators
U.S. Department of Justice
subject tonamed as a riskWe also received a related subpoena from the U.S. Department of Justice (“DOJ”) that also requested information regarding our business with Huawei.Risk factors (Item 1A)
Also named by AAPL, ACN, AMAT, ASO, BEN, BSX, CAH, CDNA and 21 more
U.S. Bureau of Industry and Security (BIS)
subject tonamed as a riskIn August 2024, we received an administrative subpoena from BIS requesting the production of records in connection with our business with Huawei.Risk factors (Item 1A)
Also named by AAOI, AMD, APH, CRWV, EXTR, GLW, GTLB, MTSI and 5 more
Laws and programs
OECD Pillar Two global minimum tax
subject to · 15%named as a riskThe Organization for Economic Cooperation and Development (the “OECD”) has proposed changes to existing tax laws, including a proposed global minimum tax of 15%, also known as Pillar Two.Risk factors (Item 1A)
Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more
U.S. tariffs on imported goods
subject to · 15% to stacked tariffs in excess of 100%named as a riskThese tariffs were generally positioned to have the most significant impacts on goods originating from China, but nearly all countries worldwide were impacted at levels ranging from 15% to stacked tariffs in excess of 100% in some cases.Risk factors (Item 1A)
U.S. Export Administration Regulations (EAR)
subject tonamed as a riskCertain of our fiber optics products are subject to EAR and ITAR.Risk factors (Item 1A)
Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more
International Traffic in Arms Regulations (ITAR)
subject tonamed as a riskVirtually all exports of products subject to the International Traffic in Arms Regulations (“ITAR”) administered by the Department of State’s Directorate of Defense Trade Controls, require a license.Risk factors (Item 1A)
Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more
U.S. Entity List
subject tonamed as a riskFiberHome Technologies was also added to the Entity List on May 22, 2020.Risk factors (Item 1A)
U.S. Section 232 semiconductor investigation
subject tonamed as a riskFor example, on April 14, 2025, the Secretary of Commerce initiated an investigation under Section 232 of the Trade Expansion Act of 1962 to determine the effects on U.S. national security of imports of semiconductors, semiconductor manufacturing equipment, and their derivative products, including semiconductor substrates and bare wafers, legacy chips, leading-edge chips, microelectronics, and other components.Risk factors (Item 1A)
China Unreliable Entity List law
subject tonamed as a riskFor example, the Chinese government adopted a law that would restrict purchases from suppliers deemed to be “unreliable suppliers”.Risk factors (Item 1A)
EU REACH, RoHS and WEEE directives
subject tonamed as a riskThese regulations include, for example, the Registration, Evaluation, Authorization and Restriction of Chemicals (“REACH”), the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment Directive (“RoHS”) and the Waste Electrical and Electronic Equipment Directive (“WEEE”) enacted in the European Union which regulate the use of certain hazardous substances in, and require the collection, reuse and recycling of waste from, certain products we manufacture.Risk factors (Item 1A)