VIAV Stock — Viavi Solutions Inc.

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Next earnings call

Jan 27, 2027 Est · unconfirmed · in 10 wks

Q1 2027 earnings call transcript

call held Nov 4, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 5

Quarterly report 10-Q FY2027 Q1, ended Oct 3

Revenue jumps 56.9% as non-GAAP operating margin reaches 29.0%

Viavi Solutions Inc. reported net revenue of $469.3 million, up 56.9% year-over-year, and non-GAAP operating margin of 29.0%. GAAP net income was $76.0 million, while the acquired Spirent HSE and CE business contributed $52.7 million.

Revenue $469.3M ▲ 56.9% Net income $76M Diluted EPS $0.29

Read from the MD&A section

4 source passages

Net revenue of $469.3 million, up $170.2 million or 56.9% year-over-year. Non-GAAP operating margin of 29.0%, up 1,270 bps year-over-year. GAAP net income of $76.0 million, up $97.4 million or 455.1% year-over-year. Our acquisition of Spirent’s HSE and CE business contributed $52.7 million during the three months ended October 3, 2026. Open the document at this passage

Nov 4

Earnings call

Revenue and EPS beat guidance on strong demand

VIAVI Solutions reported Fiscal Q1 2027 revenue of $469.3 million, above $450 to $460 million guidance, and EPS of $0.47 versus $0.40 to $0.42 guidance, as data center and aerospace and defense demand drove growth.

4 source passages

VIAVI Solutions Fiscal First Quarter 2027 earnings call. Net revenue for the quarter was $469.3 million, which is above the high end of our guidance range of $450 to $460 million. EPS at $0.47 was well above our guidance range of $0.40 to $0.42 and was up $0.13 sequentially. NSE revenue in fiscal Q1 grew approximately 74% year-over-year, primarily driven by continued strong demand from the data center and aerospace and defense customers. Open the document at this passage

Nov 4

Current report 8-K

Revenue surges 56.9% as $500 million buyback authorized

Viavi Solutions Inc. reported preliminary fiscal first-quarter revenue of $469.3 million, up $170.2 million or 56.9% year-over-year, and non-GAAP diluted EPS of $0.47, up $0.32 or 213.3% year-over-year. Its board authorized a new $500 million common stock repurchase program.

Financial results, Other events

4 source passages

On November 4, 2026, Viavi Solutions Inc. (the “Company”) reported its preliminary results for its fiscal first quarter ended October 3, 2026. Net revenue of $469.3 million, up $170.2 million or 56.9% year-over-year Non-GAAP diluted EPS of $0.47, up $0.32 or 213.3% year-over-year On November 1, 2026, the Board of Directors authorized a new common stock repurchase program that will allow the Company to repurchase up to $500 million of the Company’s common stock. Open the document at this passage

Oct 2

Proxy statement DEF 14A

Proxy statement

Viavi Solutions Inc. reported net revenues up 40.0% year-over-year to $1.52 Billion and non-GAAP EPS up 112.8% to $1.00. Its virtual annual meeting is scheduled for November 11, 2026, with votes on directors, auditor ratification, and executive compensation.

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Oct 2

Annual report to holders ARS

Annual report to holders

Viavi Solutions Inc. will hold its 2026 Virtual Annual Meeting of Stockholders on November 11, 2026, at 10:00 a.m. Mountain Time.

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Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$1.69B

Trailing 12 months

Net income (TTM)

$67.00M

Trailing 12 months

Revenue growth YoY

+56.9%

Year over year

Operating margin

10.6%

Trailing 12 months

P / E (TTM)

118.2

Trailing earnings · reciprocal yield 0.8%

FCF yield

2.0%

TTM · current market cap

Return on invested capital

9.2%

Trailing 12 months

Net cash

$131.40M

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+19.4%

Year over year · more shares

Price change (1Y)

+81.5%

Trailing year

Short interest

4.7%

Latest settlement · 2.5 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▲6.4% $270.80M $9.10M '25 Q2 ▲15.8% $284.80M $19.50M '25 Q3 ▲15.3% $290.50M $8.00M '25 Q4* ▲25.6% $299.10M −$21.40M '26 Q1 ▲36.4% $369.30M −$48.10M '26 Q2 ▲42.8% $406.80M $6.40M '26 Q3 ▲52.5% $443.10M $32.70M '26 Q4* LATEST ▲56.9% $469.30M $76.00M '27 Q1

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q1 FY27 earnings call · Nov 4, 2026

Q1 FY27

TL;DR. Fiscal Q1 revenue, non-GAAP operating margin and non-GAAP EPS beat guidance, both segments grew, and operating cash flow increased. Management expects sequential growth in fiscal Q2, guides to $505 million–$515 million of revenue, $0.50–$0.52 of non-GAAP EPS and 29.3% operating margin, and expects to reach a $2 billion revenue run rate during the quarter; the company also authorized a new $500 million repurchase program. OSP faces seasonal weakness, wireless spending remains weak, and the outlook carries visibility, demand, integration, supply-chain and geopolitical risks.

Bullish

+ Network and Service Enablement revenue increased 74.1% year-over-year on strong data center and aerospace and defense demand.
+ Optical Security and Performance Products revenue and gross margin increased year-over-year.
+ Management expects semiconductor packaging and test to become a major new growth area as NPO and CPO adoption expands.
+ The Board authorized a new $500 million common-stock repurchase program, supporting continued opportunistic share repurchases.

Bearish

− OSP revenue is expected to decline sequentially in fiscal Q2 because of seasonal demand weakness.
− Wireless spending remained a weak spot for the service provider business.
− The outlook faces limited visibility, product-mix volatility, demand deceleration and macroeconomic pressure.
− Average selling-price declines and seasonality remain stated business risks.
− Acquisition integration and the realization of expected benefits and savings remain challenging.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Neutral Momentum Weak Sentiment Bullish Fundamentals Strong Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg −22%

below

Price vs 50-day avg −15%

below

RSI (14) 45

neutral

MACD trend Positive

52-week position 38%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Weak

1-month return −8%

trailing

6-month return −43%

trailing

YTD return +72%

this year

Relative strength −43%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $36 › 200d $39 — 200d above 50d

Institutional flow Accumulating

498 of 575 funds reported for Sep 30 · net +6.4M sh shares · +67 new

Insider flow Distributing

Net -$6.2M over 90 days · 100% sells

Short interest Falling

4.73% of shares out · ▼ -2.9% MoM · 2.5 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

575 holders — near 3-yr high, broad support

Squeeze score 51

elevated · 0–100

Fundamentals

Strong

Revenue growth +40%

Y/Y

Gross margin 58%

expanding

EPS growth −187%

Y/Y

Free cash flow $82.8M

Valuation P/E 118.2

rich

Buyback $18.4M

remaining

Balance sheet $5.9M

net cash

Quant / Vol

risk profile

Very High

Volatility 81%

annualized · 1-yr

Max drawdown −52%

past year

ATR 9.5%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 8 of last 8

Latest guidance · from the Earnings Call filed Apr 29, 2026

SPIRINT · June quarter $48M

Prior guidance period ended · from the Earnings Call filed Aug 5, 2026

VIAVI revenue · first fiscal quarter of 2027 $450M – $460M

NSC revenue · first fiscal quarter of 2027 $360M – $368M

OSP revenue · first fiscal quarter of 2027 $90M – $92M

EPS · first fiscal quarter of 2027 $0.40 – $0.42

Guided vs delivered · last 8 settled

VIAVI revenue first fiscal quarter of 2027

guided $450M – $460M

guided $450M – $460M $469.3M Beat +3.1%

VIAVI revenue fourth fiscal quarter of 2026

guided $427M – $437M

guided $427M – $437M $443.1M Beat +2.6%

Net revenue third quarter of fiscal 2026

guided $386M – $400M

guided $386M – $400M $406.8M Beat +3.5%

VIAVI revenue the second fiscal quarter of 2026

guided $360M – $370M

guided $360M – $370M $369.3M In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

2 · 4 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−22% Bearish

Price vs 50-day avg

−15% Bearish

RSI (14)

45 Neutral

MACD trend

Positive Bullish

52-week position

38% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 3 of 6

Trend (MA cross) No cross

50d $36 › 200d $39 — 200d above 50d

Institutional flow Accumulating

498 of 575 funds reported for Sep 30 · net +6.4M sh shares · +67 new

Insider flow Distributing

Net -$6.2M over 90 days · 100% sells

Short interest Falling

4.73% of shares out · ▼ -2.9% MoM · 2.5 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

575 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $16 Now $31 · 38% Range high $55

vs 200-day avg -22% vs 50-day avg -15%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Capital expenditures	$31.1M	fiscal 2026 filing	—
Other government assistance R&D credits	$7.6M	fiscal 2026 filing	—
R&D credits under VALOR Grant	$6.1M	fiscal 2026 filing	—
Adjusted EBITDA non-GAAP	$352.5M	Year Ended June 27, 2026	—
GAAP → non-GAAP reconciliation GAAP GAAP Net income (loss) -30.4M +41.4M Interest and other expense (income), net +47.4M Interest expense +47.5M Provision for income taxes -0.8M Equity investment earnings +40.4M Depreciation +67.9M Amortization +15.9M Restructuring and related (benefits) charges +55.4M Stock-based compensation +2.7M Employer payroll tax on employee share-based awards +33M Change in fair value of contingent consideration +12.6M Acquisition and integration related charges +13.4M Other charges (benefits) unrelated to core operating performance +6.1M Amortization of acquisition related inventory step-up = Adjusted EBITDA 352.5M
EBITDA	$213.4M	Year Ended June 27, 2026	—
Non-GAAP diluted EPS non-GAAP	$1	FY 2026	+112.8%

Non-GAAP Gross Margin non-GAAP	62.2%	Three Months Ended March 28, 2026	—
Non-GAAP operating income non-GAAP	$312.9M	FY 2026	+101.6%

Non-GAAP Operating Margin non-GAAP	19.3%	Three Months Ended December 27, 2026	—

Operating cash flow	$113.9M	FY 2026	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Communication Equipment — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
VIAV Viavi Solutions Inc. this stock	$7.55B	+72.4%	+40.0%	118.2	4.7%
CSCO Cisco Systems, Inc.	$377.07B	+24.2%	+2.8%	28.7	1.5%
MSI Motorola Solutions, Inc.	$87.83B	+38.6%	+5.7%	42.8	2.1%
HPE Hewlett Packard Enterprise Co	$64.10B	+101.0%	+13.8%	24.9	3.5%
LITE Lumentum Holdings Inc.	$54.11B	+61.9%	+24.6%	—	8.9%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

569

% held: 103.0%
Reported: 498 of 575
Top holder: BlackRock, Inc.

Held Float

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Held by Funds

Fund positions

514

View

Short & Settlement

Short Interest Falling

Shares short

11.6M

Days to cover: 2.5d
Change: -350.2K sh

View

Short Volume

Short vol %

13%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

148

Value: $6.2K
As of: Oct 13, 2026

View

Off-Exchange

Off-exchange %

47.2%

Week of: Oct 5, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$6.2M

Buyers / Sellers: 0 / 3

Buyers Sellers

View

Congressional Trades Sell

Member

Gilbert Cisneros

Amount: $1.0K–$15.0K
Traded: Jul 21, 2026

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Financials

Revenue (FY)

$1.5B

Net income (FY): $-30.4M
EPS diluted: $-0.13

View

Buybacks

Authorized · 2 programs

$800.0M

Remaining: $18.4M

Spent Remaining

View

Filings

SEC Filings

Latest

10-Q

Filed: Nov 5, 2026
This year: 13

Viavi Solutions Inc. reported net revenue of $469.3 million, up 56.9% year-over-year, and non-GAAP operating margin of 29.0%. GAAP net income was $76.0 million, while the acquired Spirent HSE and CE business contributed $52.7 million.

View

Proposed Sales

Value

$443.4K

Shares: 13.8K
Filed: Nov 12, 2026

View

Earnings & Events

Webcasts

Last webcast

Nov 4, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
VIAV	+7.9%	-8.0%	-42.9%	+2.7%	+72.4%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	+5.3%	-6.8%	-43.4%	+2.9%	+61.8%

VIAV · Viavi Solutions Inc.

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns