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Finisar

Optical communications manufacturing company

Finisar Corporation is a manufacturer of optical communication components and subsystems. The company was founded in April 1987 by Frank Levinson and Jerry Rawls in Menlo Park, California.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

$694.6MRevenue, fiscal 20254
-$58.8MNet income, fiscal 20254
1988Founded1

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  • TickerMSC on NYSE1
  • IndustryHotels & Motels1
  • HeadquartersSunnyvale1
  • Websitewww.finisar.com
  • Incorporated inVirgin Islands, British5
  • Business addressC/O 38/F, The Centrium, 60 Wyndham Street, Hong Kong, K3 9990775
  • Filer categoryAccelerated filer5

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Finisar Corporation is a manufacturer of optical communication components and subsystems. The company was founded in April 1987 by Frank Levinson and Jerry Rawls in Menlo Park, California. In November 1999, it went public via an initial public offering. In 2008 Finisar merged with Optium Corporation. In September 2019, Finisar was acquired by II-VI Incorporated for US$3.2 billion.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.1%Operating margin4
-8.5%Net margin4
8.7%Revenue growth, 20254
-11.2%Return on equity4
3.86×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin26¢$183.4M
  • Other costs54¢$377.3M
  • Interest18¢$126.3M
  • Income tax1¢$7.6M

Out of $694.6M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$210.3M

Out of $210.3M of cash from operations.4

Financial statements

Revenue6789104$694.6M in 2025+22% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $571.2M$571.2M20182019: $626.7M$626.7M2019+10%2020: $49.2M$49.2M2020−92%2021: $106.9M$106.9M2021+117%2022: $11.5M$11.5M2022−89%2023: $445.5M$445.5M2023+3758%2024: $639.1M$639.1M2024+43%2025: $694.6M$694.6M2025+9%
Operating income6789104$70.0M in 2025−49% since 2018
-$400.0M-$200.0M0$200.0M2018: $137.9M$137.9M20182019: $178.0M$178.0M2019+29%2020: -$279.9M-$279.9M20202021: -$191.6M-$191.6M2021−32%2022: -$277.2M-$277.2M2022+45%2023: -$29.0M-$29.0M2023−90%2024: $38.1M$38.1M20242025: $70.0M$70.0M2025+84%
Net income6789104-$58.8M in 2025+172% since 2018
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2018: -$21.6M-$21.6M20182019: $33.6M$33.6M20192020: -$321.6M-$321.6M20202021: -$252.6M-$252.6M2021−21%2022: -$326.5M-$326.5M2022+29%2023: -$133.5M-$133.5M2023−59%2024: -$96.7M-$96.7M2024−28%2025: -$58.8M-$58.8M2025−39%
Fiscal year20182019202020212022202320242025
Revenue$571.2M6$626.7M7$49.2M8$106.9M9$11.5M10$445.5M4$639.1M4$694.6M4
Selling, general and admin$132.6M6$128.9M7$89.0M8$87.6M9$79.8M10$115.2M4$171.3M4$183.4M4
Operating income$137.9M6$178.0M7-$279.9M8-$191.6M9-$277.2M10-$29.0M4$38.1M4$70.0M4
Interest$160.5M6$132.3M7$104.8M8$91.0M9$92.4M10$129.6M4$133.6M4$126.3M4
Income tax$544.0K6$402.0K7-$1.0M8-$457.0K9$382.0K10-$81.0K4$7.4M4$7.6M4
Net income-$21.6M6$33.6M7-$321.6M8-$252.6M9-$326.5M10-$133.5M4-$96.7M4-$58.8M4
Earnings per share-$0.116$0.146-$1.096
Earnings per share (diluted)-$0.116$0.146-$1.106

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Leadership

Who has led Finisar, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jerry S. Rawls2006–2017
  2. Eitan Gertel2008–2015
  3. Michael E. Hurlston2018–2019

Chair

  1. Jerry S. Rawls2008–2017

President

  1. Jerry S. Rawls2006–2007

Chief financial officer

  1. Stephen K. Workman2006–2010
  2. Kurt Adzema2010–2019
19901995200020052010201520202025
Board members and other officers (34)

Products and brands

  • networking hardware

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • Finisar (Sweden)

From Wikidata.1

Timeline

  1. Jan 16, 2018New chief executive Michael E. Hurlston becomes CEO12
  2. Sep 8, 2008New chief executive Eitan Gertel becomes CEO13
  3. Jun 8, 2006New chief executive Jerry S. Rawls becomes CEO14
  4. 1988Founded Founded1

Filings

142 filings to the SEC since October 2021: 5 annual reports, 21 insider forms, 6 large holders, 110 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 8, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Sep 30, 20264 EDGAR
  5. Sep 28, 20264 EDGAR
  6. Sep 25, 20264 EDGAR
  7. Sep 23, 20266-K EDGAR
  8. Sep 4, 20266-K EDGAR
  9. Aug 28, 20266-K EDGAR
  10. Aug 14, 20266-K EDGAR
  11. Aug 11, 20264 EDGAR
  12. Aug 7, 20266-K EDGAR
  13. Jul 21, 20266-K EDGAR
  14. Jun 18, 20266-K EDGAR
  15. Jun 8, 20266-K EDGAR
  16. May 29, 20266-K EDGAR
  17. May 15, 20266-K EDGAR
  18. May 13, 20266-K EDGAR
  19. May 7, 20266-K EDGAR
  20. May 6, 20266-K EDGAR

The 142 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 6 such filings since October 2021:

  1. Nov 14, 2024SC 13G/A
  2. Feb 14, 2024SC 13G/A
  3. Feb 14, 2023SC 13G/A
  4. Feb 14, 2023SC 13G/A
  5. Feb 9, 2023SC 13G/A
  6. Feb 14, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Silver Point Capital L.P.28,628,463$52.4M5.4%−5,500
Nomura Asset Management International Inc.7,003,405$12.8M0.0%No change
Fmr LLC3,808,638$7.0M0.0%No change
Redwood Capital Management, LLC3,239,073$5.9M0.6%No change
Davidson Kempner Capital Management LP911,306$1.7M0.0%No change
Aberdeen Group plc98,050$179.4K0.0%No change
Macquarie Group Ltd29,695$54.3K0.0%No change
Susquehanna International Group, Llp11,192$20.5K0.0%New
Jpmorgan Chase & Co4,824$8.8K0.0%New
Citigroup Inc1,629$3.0K0.0%No change
UBS Group AG837$1.5K0.0%−18,230
Morgan Stanley70$1280.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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