• Lumentum Holdings average operating margin for 2023 was -10.1%, a 178.17% increase from 2022.
• Lumentum Holdings average operating margin for 2022 was 12.92%, a 57.36% decline from 2021.
• Lumentum Holdings average operating margin for 2021 was 30.3%, a 128.68% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.