{
 "ticker": "LITE",
 "name": "Lumentum",
 "url": "https://grantbishop.pages.dev/index/LITE",
 "sells": "Lumentum makes lasers and optical components that move data between servers and data centres.",
 "why": "We follow it because its business sits among the companies that make the chips and chipmaking tools the AI build-out runs on.",
 "questions": [
  {
   "slug": "chips",
   "question": "Who makes the chips, and the tools to make them?",
   "url": "https://grantbishop.pages.dev/index/q/chips"
  }
 ],
 "tests": [
  {
   "id": "W-6",
   "claim": "Spending on the AI build is running ahead of the revenue it produces.",
   "url": "https://grantbishop.pages.dev/claims/ai-spending-ahead-of-revenue"
  },
  {
   "id": "W-2",
   "claim": "The summer sell-offs on beat-and-raise reports are the market paying less for earnings, not the businesses failing. They reverse when the price of money stops rising.",
   "url": "https://grantbishop.pages.dev/claims/market-pays-less-for-earnings"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-K",
  "filed": "2026-08-17",
  "period": "2026-06-27",
  "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-K filed 2026-08-17 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
  "timeline": [
   {
    "form": "10-Q",
    "filed": "2026-11-03",
    "period": "2026-09-26",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026069615/lite-20260926.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-11-02",
    "period": "2026-11-02",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026068655/lite-20261102.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-11-02",
    "period": "2026-11-01",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312526442758/d163169d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2026-08-17",
    "period": "2026-06-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-11",
    "period": "2026-08-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026055726/lite-20260811.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-07-30",
    "period": "2026-07-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026051078/lite-20260727.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-06-01",
    "period": "2026-05-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312526249535/d112771d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-05-06",
    "period": "2026-03-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026030777/lite-20260328.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-05",
    "period": "2026-05-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026030530/lite-20260505.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-04-08",
    "period": "2026-04-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312526146256/d13152d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-03-02",
    "period": "2026-03-02",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312526085412/d41019d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-02-04",
    "period": "2025-12-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026005129/lite-20251227.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-03",
    "period": "2026-02-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026005005/lite-20260203.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-01-05",
    "period": "2025-12-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312526002602/d848121d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-12-22",
    "period": "2025-12-19",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312525328691/d38670d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-12-15",
    "period": "2025-12-15",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025057025/lite-20251215.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-11-24",
    "period": "2025-11-19",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025053795/lite-20251119.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-11-05",
    "period": "2025-09-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025049073/lite-20250927.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-11-04",
    "period": "2025-11-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025048860/lite-20251104.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-09-08",
    "period": "2025-09-02",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312525198329/d863090d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2025-08-19",
    "period": "2025-06-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025040830/lite-20250628.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-08-12",
    "period": "2025-08-12",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025039896/lite-20250812.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-06-03",
    "period": "2025-06-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025029086/lite-20250603.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-05-07",
    "period": "2025-03-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025022788/lite-20250329.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-05-06",
    "period": "2025-05-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025022709/lite-20250506.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-02-06",
    "period": "2024-12-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025004288/lite-20241228.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-02-06",
    "period": "2025-02-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828025004265/lite-20250206.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-02-03",
    "period": "2025-01-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312525019371/d842830d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2024-12-12",
    "period": "2024-12-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000119312524277338/d884351d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2024-11-22",
    "period": "2024-11-20",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828024048886/lite-20241120.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2024-11-08",
    "period": "2024-09-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828024046443/lite-20240928.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2024-11-07",
    "period": "2024-11-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828024046302/lite-20241107.htm",
    "what_it_said": null,
    "from_piece": null
   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 596.16,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 545.01,
   "high": 616.66,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 215.35,
   "low_date": "2025-11-14",
   "high": 1143,
   "high_date": "2026-10-09",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 54071712000,
   "currency": "USD",
   "as_of": "2026-11-09",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 90700000,
    "as_of": "2026-10-28",
    "form": "10-Q",
    "filed": "2026-11-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026069615/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 05:00:40"
 },
 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}