Viavi Solutions Inc. Earnings Recaps
Q3 2026
Apr 30, 2026
Viavi Solutions shares surged 21.4% after reporting fiscal Q3 2026 results well above the high end of guidance across revenue, operating margin, and EPS, with strong year-over-year growth driven by data center demand and contributions from the Spirent acquisition.
Key takeaways
- Net revenue reached $406.8 million, up 42.8% year-over-year and 10.2% sequentially, beating the $386–$400 million guidance range.
- EPS of $0.27 exceeded guidance ($0.22–$0.24) and was up $0.12 year-over-year.
- Operating margin was 21%, up 430 basis points year-over-year and above the guided range (19.2%–20.2%).
- Network & Service Enablement (NSE) segment revenue jumped 54.4% year-over-year to $321.5 million, supported by Spirent product lines and robust data center and aerospace/defense demand.
- Cash flow from operations was negative $26.3 million, impacted by earn-out payments and debt prepayments; Viavi prioritized capital allocation to debt reduction over share repurchases this quarter.
Q2 2026
Jan 29, 2026
Viavi Solutions delivered a strong fiscal second quarter 2026, with net revenue reaching $369.3 million and exceeding guidance, driven by robust demand in its NSE segment and effective cost management strategies.
Key takeaways
- Net revenue increased by 36.4% year-over-year, reflecting significant growth across core business segments.
- Operating margin improved to 19.3%, surpassing guidance and driven by higher fall-through from increased revenues.
- EPS of $0.22 also exceeded expectations, with a notable increase of $0.09 year-over-year.
- A restructuring plan was announced, expected to yield annual savings of approximately $30 million, aimed at enhancing operational efficiencies.
- Third quarter guidance suggests continued revenue growth, with estimates between $386 million and $400 million.