
Viavi Solutions Inc.
NASDAQ•VIAV
CEO: Mr. Oleg Khaykin
Sector: Technology
Industry: Communication Equipment
Listing Date: 1993-11-17
Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment offers testing solutions that access the network to perform build-out and maintenance tasks. Its solutions include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks; and test and measurement instrumentation for aviation, aerospace, government, defense, communication and safety. It also offers support and professional services, such as repair, calibration, software support, and technical assistance for the products; and system integration projects, including project management, installation, and implementation, as well as product and technology training, and consulting services. The SE segment provides embedded systems and enterprise performance management solutions for communication service providers, enterprises, and cloud operators with visibility into network, service, and application data. Its solutions include instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization. The OSP segment offers optical products for anti-counterfeiting, consumer electronics, industrial, government, automotive, and industrial markets. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.
Contact Information
1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, 85286, United States
408-404-3600
Market Cap
$4.15B
P/E (TTM)
272.8
40.2
Dividend Yield
--
52W High
$19.76
52W Low
$8.10
52W Range
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$299.10M+25.57%
4-Quarter Trend
EPS
-$0.10+1134.57%
4-Quarter Trend
FCF
$22.50M+262.90%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Revenue Jumps 25.6% Net revenue reached $299.1 M, a $60.9 M increase, driven by strong NSE demand in data center and aerospace.
Cash Flow Improves Significantly Net cash provided by operating activities was $31.0 M, substantially higher than $13.5 M reported last period.
Non-GAAP Profitability Rises Non-GAAP Net Income totaled $33.1 M, reflecting 166.9% growth, while GAAP Net Loss was $(21.4) M.
Cash Position Strengthened Total cash, cash equivalents, and restricted cash ended at $552.1 M, up $120.0 M sequentially.
Risk Factors
Gross Margin Pressured Gross margin fell to 56.5% due to $6.9 M amortization expense and unfavorable product mix shifts.
SG&A Expenses Surge SG&A rose $30.1 M (40.6%) due to higher variable costs and acquisition/integration related charges incurred.
Increased Leverage from Debt Issued $250.0 M in 2031 Notes; incurred $3.8 M loss on extinguishment of 2026 Notes during the quarter.
Geopolitical and Tariff Risks Global instability, tariffs, and trade restrictions pose risks to supply chain costs, pricing power, and overall profitability.
Outlook
Spirent Integration Expected Expect NSE growth driven by data center ecosystem and integration of the recently acquired Spirent business.
Focus on Core Growth Long-term strategy centers on defending leadership, investing in secular trends, and expanding total addressable market (TAM).
Continued R&D Investment Plan heavy investment in R&D to expand 3D sensing capabilities and introduce new differentiating product features.
New Term Loan Secured Entered $600 M Term Loan to finance Spirent acquisition and general corporate funding needs through 2032.
Peer Comparison
Revenue (TTM)
CNXC$9.83B
COMM$5.30B
EXTR$1.18B
Gross Margin (Latest Quarter)
72.4%
YOU65.4%
EXTR60.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ONDS | $4.92B | -74.0 | -27.6% | 3.3% |
| COMM | $4.21B | 66.7 | -4.3% | 93.2% |
| VIAV | $4.15B | 272.8 | 2.1% | 38.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.4%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 29, 2026
EPS:$0.19
|Revenue:$365.25M
Reports
All Years
Form 10-Q - Q1 2026
Period End: Sep 27, 2025|Filed: Oct 30, 2025|Revenue: $299.10M+25.6%|EPS: $-0.10+1134.6%N/AForm 10-K - FY 2025
Period End: Jun 28, 2025|Filed: Aug 11, 2025|Revenue: $1.08B+8.4%|EPS: $0.16+233.3%MissForm 10-Q - Q3 2025
Period End: Mar 29, 2025|Filed: May 2, 2025|Revenue: $284.80M+15.8%|EPS: $0.09-179.6%MissForm 10-Q - Q2 2025
Period End: Dec 28, 2024|Filed: Jan 31, 2025|Revenue: $270.80M+6.4%|EPS: $0.04-14.8%MissForm 10-Q - Q1 2025
Period End: Sep 28, 2024|Filed: Nov 1, 2024|Revenue: $238.20M-3.9%|EPS: $-0.01-118.4%MissForm 10-K - FY 2024
Period End: Jun 29, 2024|Filed: Aug 16, 2024|Revenue: $1.00B-9.6%|EPS: $-0.12-209.1%MissForm 10-Q - Q3 2024
Period End: Mar 30, 2024|Filed: May 3, 2024|Revenue: $246.00M-0.7%|EPS: $-0.11+60.1%MissForm 10-Q - Q2 2024
Period End: Dec 30, 2023|Filed: Feb 2, 2024|Revenue: $254.50M-10.5%|EPS: $0.05+29.3%Miss