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VIAV stock ticker logo

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
www.viavisolutions.com
Market Cap
$6.96B
P/E (TTM)
-161.2
39.7
Dividend Yield
--
52W High
$35.61
52W Low
$8.10
52W Range
80%
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

Q2 2026 Data

Revenue

$369.30M+36.37%
4-Quarter Trend

EPS

-$0.21-612.20%
4-Quarter Trend

FCF

$36.90M+1.10%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Net Revenue Jumps 36.4% Total Net Revenue reached $369.3M, up $98.5M. Acquisitions contributed $43.0M from Spirent and $21.1M from Inertial Labs.
Non-GAAP Income Strong Non-GAAP Net Income was $51.5M, reflecting a $22.1M increase or 75.2% improvement over the prior period results.
Cash Position Strengthened Cash, cash equivalents, and restricted cash balance grew to $776.1M. Total assets increased to $2,777.8M post-integrations.
GAAP Income Declines GAAP Net Loss was $(48.1)M, a $57.2M deterioration. Operating Income fell to $11.4M due to acquisition related costs.

Risk Factors

Acquisition Costs Inflate Expenses SG&A expense increased 50.8% to $127.1M, driven by contingent consideration changes and integration charges incurred.
Gross Margin Compression Gross Margin decreased 240 bps to 57.0%. This was primarily due to higher amortization of acquired intangibles.
Interest Expense Spikes Interest expense increased 104.0% to $15.3M this quarter, resulting from entering into the new high-rate Term Loan B.
Geopolitical and Tariff Headwinds Global geopolitical risks, tariffs, and supply chain instability could increase manufacturing costs and negatively impact demand.

Outlook

Strategic Growth Priorities Long-term focus remains on executing strategic priorities: driving revenue growth, capturing market share, and optimizing capital structure.
Investment in Secular Trends Plan to invest in secular trends to expand Total Addressable Market (TAM) and extend VIAVI technologies into adjacent markets.
New Restructuring Initiative New restructuring plan approved in January 2026 anticipates $32M in total charges, aiming for $30M in annualized cost savings.
Continued R&D Investment Management commits to continued heavy investment in R&D for new product development and technology differentiation efforts.

Peer Comparison

Revenue (TTM)

AVT stock ticker logoAVT
$23.15B
+3.0%
CNXC stock ticker logoCNXC
$9.83B
+2.2%
PLXS stock ticker logoPLXS
$4.13B
+4.4%

Gross Margin (Latest Quarter)

YOU stock ticker logoYOU
146.0%
+2.4pp
VRRM stock ticker logoVRRM
102.1%
-1.1pp
VRNS stock ticker logoVRNS
78.9%
-5.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VICR$8.05B68.218.7%1.6%
VIAV$6.96B-161.2-5.4%47.9%
DOCN$6.32B24.2-214.1%39.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
9.0%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026
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