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朗美通（LITE）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是朗美通的1.6倍（$1.0B vs $665.5M），朗美通净利率更高（11.8% vs 7.6%，领先4.1%），朗美通同比增速更快（65.5% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs -0.5%）
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
LITE vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.6倍
$665.5M
营收增速更快
LITE
高出56.8%
8.6%
净利率更高
LITE
高出4.1%
7.6%
自由现金流更多
SWKS
多$295.9M
$43.1M
两年增速更快
LITE
近两年复合增速
-0.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $1.0B |
| 净利润 | $78.2M | $79.2M |
| 毛利率 | 36.1% | 41.3% |
| 营业利润率 | 9.7% | 10.0% |
| 净利率 | 11.8% | 7.6% |
| 营收同比 | 65.5% | 8.6% |
| 净利润同比 | 228.4% | 15.3% |
| 每股收益（稀释后） | $0.89 | $0.53 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LITESWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $665.5M | $1.1B | ||
| Q3 25 | $533.8M | — | ||
| Q2 25 | $480.7M | $965.0M | ||
| Q1 25 | $425.2M | $953.2M | ||
| Q4 24 | $402.2M | $1.1B | ||
| Q3 24 | $336.9M | $1.0B | ||
| Q2 24 | $308.3M | $905.5M |
净利润LITESWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $78.2M | $141.4M | ||
| Q3 25 | $4.2M | — | ||
| Q2 25 | $213.3M | $105.0M | ||
| Q1 25 | $-44.1M | $68.7M | ||
| Q4 24 | $-60.9M | $162.0M | ||
| Q3 24 | $-82.4M | $60.5M | ||
| Q2 24 | $-252.5M | $120.9M |
毛利率LITESWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 36.1% | 40.7% | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 33.3% | 41.6% | ||
| Q1 25 | 28.8% | 41.1% | ||
| Q4 24 | 24.8% | 41.4% | ||
| Q3 24 | 23.1% | 41.9% | ||
| Q2 24 | 16.6% | 40.2% |
营业利润率LITESWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 9.7% | 10.1% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | -1.7% | 11.5% | ||
| Q1 25 | -8.9% | 10.2% | ||
| Q4 24 | -12.8% | 16.9% | ||
| Q3 24 | -24.5% | 5.8% | ||
| Q2 24 | -43.3% | 14.4% |
净利率LITESWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 11.8% | 12.9% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 44.4% | 10.9% | ||
| Q1 25 | -10.4% | 7.2% | ||
| Q4 24 | -15.1% | 15.2% | ||
| Q3 24 | -24.5% | 5.9% | ||
| Q2 24 | -81.9% | 13.4% |
每股收益（稀释后）LITESWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.89 | $0.95 | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $3.10 | $0.70 | ||
| Q1 25 | $-0.64 | $0.43 | ||
| Q4 24 | $-0.88 | $1.00 | ||
| Q3 24 | $-1.21 | $0.36 | ||
| Q2 24 | $-3.75 | $0.75 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.2B | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $846.6M | $5.8B |
| 总资产 | $4.8B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LITESWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $877.1M | $1.3B | ||
| Q1 25 | $866.7M | $1.5B | ||
| Q4 24 | $896.7M | $1.7B | ||
| Q3 24 | $916.1M | $1.6B | ||
| Q2 24 | $887.0M | $1.3B |
总债务LITESWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益LITESWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $846.6M | $5.8B | ||
| Q3 25 | $780.8M | — | ||
| Q2 25 | $1.1B | $5.7B | ||
| Q1 25 | $879.5M | $5.9B | ||
| Q4 24 | $872.3M | $6.4B | ||
| Q3 24 | $895.9M | $6.3B | ||
| Q2 24 | $957.3M | $6.3B |
总资产LITESWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $4.8B | $7.9B | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.2B | $7.7B | ||
| Q1 25 | $4.0B | $7.9B | ||
| Q4 24 | $4.0B | $8.3B | ||
| Q3 24 | $4.0B | $8.3B | ||
| Q2 24 | $3.9B | $8.2B |
负债/权益比LITESWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $126.7M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $339.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 32.7% |
| 资本支出强度资本支出/营收 | 12.6% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.62× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流LITESWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $126.7M | $200.0M | ||
| Q3 25 | $57.9M | — | ||
| Q2 25 | $64.0M | $314.2M | ||
| Q1 25 | $-1.6M | $409.4M | ||
| Q4 24 | $24.3M | $377.2M | ||
| Q3 24 | $39.6M | $476.1M | ||
| Q2 24 | $35.5M | $273.4M |
自由现金流LITESWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $43.1M | $144.0M | ||
| Q3 25 | $-18.3M | — | ||
| Q2 25 | $10.1M | $252.7M | ||
| Q1 25 | $-64.4M | $370.9M | ||
| Q4 24 | $-15.9M | $338.2M | ||
| Q3 24 | $-34.5M | $393.3M | ||
| Q2 24 | $10.9M | $249.0M |
自由现金流率LITESWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 6.5% | 13.1% | ||
| Q3 25 | -3.4% | — | ||
| Q2 25 | 2.1% | 26.2% | ||
| Q1 25 | -15.1% | 38.9% | ||
| Q4 24 | -4.0% | 31.7% | ||
| Q3 24 | -10.2% | 38.4% | ||
| Q2 24 | 3.5% | 27.5% |
资本支出强度LITESWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 12.6% | 5.1% | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 11.2% | 6.4% | ||
| Q1 25 | 14.8% | 4.0% | ||
| Q4 24 | 10.0% | 3.6% | ||
| Q3 24 | 22.0% | 8.1% | ||
| Q2 24 | 8.0% | 2.7% |
现金转化率LITESWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.62× | 1.41× | ||
| Q3 25 | 13.79× | — | ||
| Q2 25 | 0.30× | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | — | 2.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
