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Stock research / United States / VIAV · Semiconductors & Related Devices · Nasdaq

Viavi Solutions Inc. (VIAV)

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Viavi Solutions Inc. (VIAV) reported revenue of $443 million for Q4 FY2026, the quarter ended 27 June 2026, up 52.5% on the same quarter a year earlier. Net income was $33 million, up 308.8% on the year, and diluted earnings per share $0.13. The figures are the company's own, from the 10-K it filed with the SEC on 13 August 2026.

Revenue$443 millionup 52.5%
Net income$33 millionup 308.8%
Diluted EPS$0.13
QuarterQ4 FY2026ended 27 June 2026

Viavi Solutions (VIAV) in brief

Viavi Solutions (VIAV) reported revenue of $1.5 billion for fiscal 2026, the year ended 27 June 2026, up 40.0% on the year before.
Read moreNet loss was $30 million and the diluted loss per share $0.13. Revenue was $1.1 billion in fiscal 2025, $1.0 billion in fiscal 2024, $1.1 billion in fiscal 2023 and $1.3 billion in fiscal 2022. Net income in the same years was $35 million, a loss of $26 million, $26 million and $16 million. Revenue grew 4.8% a year, compounded, over the five years to fiscal 2026. Viavi Solutions had 247 million shares outstanding at the latest filed count. At 27 June 2026 it carried $397 million of debt and $648 million of cash. At the close of 8 October 2026 the market cap of Viavi Solutions was $10.9 billion.

Ratios

From the filings

ROE-2.1%
ROCE5.7%
Operating margin6.9%
Net margin-2.0%
FCF margin5.5%
Interest cover2.22
Debt to equity0.27
Cash conversionn/a
Share count, 1 year10.8%
Sales CAGR, 3 years11.1%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.15

At the close of 8 October 2026

Price$44.09
Market cap$10.9 billion
Stock P/En/a
Price to book7.52
EV / EBITDA63.33
Dividend yieldn/a
Market cap / sales7.17
52-week high$55.33
52-week low$12.27
Price, 1 year243.9%
Price CAGR, 3 years75.4%
Price CAGR, 5 years23.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on the borrowings Viavi Solutions Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.
VIAVgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on VIAV

Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 other events; 2 material agreement; 1 officer or director change; 1 exit or disposal costs
Planned insider sales57 Form 144 notices in twelve months, $66.1 million; latest 23 September 2026
Options tapeput/call 0.25 by open interest at the 8 October 2026 close; the straddle prices a 7.9% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Whale Rock Capital Management; 12 Schedule 13D or 13G filings in twelve months
Insider trading65 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest11.3 million shares short, 2.44 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue248254246252238271285290299369407443
Cost of revenue104106108106102110124127130159173181
Gross profit144148138146136161161164169211234262
Gross margin58%58%56%58%57%59%56%56%57%57%58%59%
R&D49.949.550.052.549.452.150.057.256.065.971.069.8
SG&A77.274.898.283.174.184.310189.7104127114124
Operating income16.022.4-11.9-5.711.522.28.515.37.611.424.861.3
Operating margin6%9%-5%-2%5%8%3%5%3%3%6%14%
Interest expense7.87.97.77.57.57.57.57.57.415.314.310.4
Pre-tax income18.418.3-15.6-9.57.218.63.29.6-2.3-38.713.843.5
Tax rate47%42%n/an/a125%51%-509%23%n/an/a54%26%
Net income9.810.7-24.6-21.7-1.89.119.58.0-21.4-48.16.432.7
Net margin4%4%-10%-9%-1%3%7%3%-7%-13%2%7%
Diluted EPS$0.04$0.05-$0.11-$0.10-$0.01$0.04$0.09$0.04-$0.10-$0.21$0.03$0.13
Operating cash flow50.320.419.526.213.544.77.823.831.042.5-26.366.7
Capital expenditure6.75.83.23.87.38.26.85.58.55.65.911.1
Free cash flow43.614.616.322.46.236.51.018.322.536.9-32.255.6
Buybacks10.00.00.010.016.40.00.00.030.00.00.00.0
Shares outstanding222m223m223m222m222m222m223m223m223m231m234m247m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Revenue8749068058761,1301,1361,1991,2921,1061,0001,0841,5181,518
Cost of revenue354357325387479471484519467424463643643
Gross profit520550479488651665714774639576621875875
Gross margin59.5%60.7%59.5%55.8%57.6%58.5%59.6%59.8%57.8%57.6%57.3%57.7%57.7%
Research and development173166136133187194203213207202209263263
Selling, general and administrative376351300324344315338366329333349469469
Operating income-75.8-84.37.01.967.411814218582.420.857.5105105
Operating margin-8.7%-9.3%0.9%0.2%6.0%10.4%11.9%14.3%7.4%2.1%5.3%6.9%6.9%
Interest expense33.335.743.247.334.313.414.723.327.130.930.047.447.4
Pre-tax income-105-45.9180-35.739.311413165.160.711.638.616.316.3
Income tax26.14.521.412.931.565.363.349.635.237.44.447.547.5
Effective tax raten/an/a11.9%n/a80.2%57.1%48.4%76.2%58.0%322.4%11.4%291.4%291.4%
Net income-88.1-99.2160-48.65.449.067.515.525.5-25.834.8-30.4-30.4
Net margin-10.1%-10.9%19.9%-5.5%0.5%4.3%5.6%1.2%2.3%-2.6%3.2%-2.0%-2.0%
Diluted EPS-$0.38-$0.42$0.68-$0.20$0.02$0.21$0.29$0.07$0.11-$0.12$0.15-$0.13-$0.15
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2024FY2025FY2026Share
latest year
Network and Service Enablement7027771,18377.9%
OSP29830833522.1%
Network and Service EnablementOSP
1,000FY20241,084FY20251,518FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2024FY2025FY2026Share
latest year
Product8359121,32587.2%
Service16617219412.8%
ProductService
1,000FY20241,084FY20251,518FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2024FY2025FY2026Share
latest year
Total Americas39142568345.0%
Total Asia-Pacific34638047030.9%
EMEA:26328036524.1%
Total AmericasTotal Asia-PacificEMEA:
1,000FY20241,084FY20251,518FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow82.364.394.366.013913624317811411689.8114114
Capital expenditure10235.538.642.545.031.952.172.551.119.527.831.131.1
Free cash flow-19.228.855.723.593.810419110663.096.962.082.882.8
Free cash flow margin-2.2%3.2%6.9%2.7%8.3%9.1%15.9%8.2%5.7%9.7%5.7%5.5%5.5%
Cash from investing-5.8244114-28680.6-29.8-48.7-71.0-127-21.6-128-427-427
Cash from financing-7.3-159311-180-300-71.7-58.8-210-50.0-126-23.6541541
Depreciation and amortisation10052.743.456.777.875.169.145.444.944.943.262.962.9
Share-based compensation66.944.033.230.538.244.648.352.351.249.453.155.455.4
Buybacks4.844.592.040.811.244.442.223683.920.016.430.030.0
Diluted shares, weighted233m234m234m227m231m235m236m238m227m223m226m230m261m
Shares outstanding at period end235m232m228m227m229m228m228m226m222m222m223m247m247m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity1,1016898047356276337646726916827801,4481,448
Redeemable equityn/an/an/an/an/an/a0.0n/an/an/an/an/an/a
Short-term borrowings0.00.00.02750.02.845768.496.20.0246245245
Debt562583931558579679224616630636396397397
Operating lease liabilitiesn/an/an/an/a0.028.130.833.529.425.724.131.231.2
Other liabilities555406376459609433486438405393547584584
Total liabilities and equity2,2181,6782,1102,0271,8151,7761,9611,8281,8501,7361,9942,7062,706
Owned
Fixed assets149133137170180172196229243228232224224
Goodwill256152152336381381396388455453596701701
Intangible assets90.659.931.123521214888.054.258.638.2132378378
Investments4654854321691.51.51.60.10.219.94.75.05.0
Trading assetsn/an/an/a1.61.51.41.61.41.51.51.61.91.9
Cash and equivalents3344831,004611522539698560506471424648648
Receivables152148120219238236256261231213261351351
Inventory53.851.448.092.310383.394.911011696.5118155155
Other assets717166186192178214228225238215226242242
Total assets2,2181,6782,1102,0271,8151,7761,9611,8281,8501,7361,9942,7062,706
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.3%4.8%11.1%40.0%
Profit growth, compoundedn/an/an/an/a
Return on equity, average3.5%0.9%-0.5%-2.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$5.55 trillion29.1484.2%65.2%83.4%0.150.0%
Taiwan Semiconductor Manufacturing Company Limited TSM *$2.38 trillion44.7831.7%50.8%31.6%0.190.6%
Broadcom Inc. AVGO$1.72 trillion45.9938.4%48.0%48.7%0.610.7%
Micron Technology Inc. MU$1.17 trillion23.4550.1%65.6%167.0%0.050.0%
Advanced Micro Devices Inc. AMD$1.01 trillion159.569.6%15.7%39.5%0.05n/a
Intel Corp. INTC$540.0 billionn/a-12.9%-0.1%7.5%0.550.4%
Applied Materials Inc. AMAT$404.4 billion43.9336.2%29.6%7.8%0.200.4%
Arm Holdings plc ARM *$313.2 billion346.3210.9%18.3%22.8%0.00n/a
Texas Instruments Inc. TXN$263.2 billion43.8733.6%37.3%16.7%0.781.9%
Marvell Technology, Inc. MRVL$240.8 billion90.6514.2%16.5%30.6%0.270.1%
Analog Devices Inc. ADI$196.7 billion48.1512.3%35.5%33.6%0.201.0%
ASE Technology Holding Co., Ltd. ASX *$100.6 billion82.7911.7%8.0%8.4%0.740.7%
All 55 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$5.55 trillion29.1484.2%65.2%83.4%0.150.0%
Taiwan Semiconductor Manufacturing Company Limited TSM *$2.38 trillion44.7831.7%50.8%31.6%0.190.6%
Broadcom Inc. AVGO$1.72 trillion45.9938.4%48.0%48.7%0.610.7%
Micron Technology Inc. MU$1.17 trillion23.4550.1%65.6%167.0%0.050.0%
Advanced Micro Devices Inc. AMD$1.01 trillion159.569.6%15.7%39.5%0.05n/a
Intel Corp. INTC$540.0 billionn/a-12.9%-0.1%7.5%0.550.4%
Applied Materials Inc. AMAT$404.4 billion43.9336.2%29.6%7.8%0.200.4%
Arm Holdings plc ARM *$313.2 billion346.3210.9%18.3%22.8%0.00n/a
Texas Instruments Inc. TXN$263.2 billion43.8733.6%37.3%16.7%0.781.9%
Marvell Technology, Inc. MRVL$240.8 billion90.6514.2%16.5%30.6%0.270.1%
Analog Devices Inc. ADI$196.7 billion48.1512.3%35.5%33.6%0.201.0%
Qualcomm Inc. QCOM$186.0 billion20.3733.5%23.2%1.9%0.462.0%
Amphenol Corp. APH$105.2 billion21.3833.2%27.0%54.2%1.111.1%
ASE Technology Holding Co., Ltd. ASX *$100.6 billion82.7911.7%8.0%8.4%0.740.7%
Vertiv Holdings Co. VRT$93.8 billion55.1436.4%18.9%26.2%0.62n/a
Lumentum Holdings Inc. LITE$92.9 billionn/a-149.3%17.4%83.2%0.35n/a
Motorola Solutions, Inc. MSI$74.0 billion35.2179.9%24.9%10.3%3.151.0%
Northrop Grumman Corp. NOC$68.8 billion15.4125.1%10.7%5.9%0.811.9%
Monolithic Power Systems, Inc. MPWR$67.3 billionn/an/a28.7%28.7%0.000.5%
Ciena Corp. CIEN$60.4 billion95.0721.4%12.3%32.6%1.06n/a
NXP Semiconductors N.V. NXPI$58.3 billion19.7226.1%32.0%8.8%0.881.8%
United Microelectronics Corporation UMC *$57.5 billion44.6811.0%18.5%2.3%0.17n/a
Nokia Corporation NOK *$56.6 billion75.053.1%4.4%3.5%0.161.5%
Garmin Ltd. GRMN$51.8 billion27.6720.8%27.6%13.5%0.000.5%
STMicroelectronics N.V. STM *$46.8 billion292.830.9%1.5%-11.1%0.120.7%
L3Harris Technologies, Inc. LHX$44.1 billion23.939.4%10.1%7.3%0.462.0%
Flex Ltd. FLEX$42.4 billion44.3017.7%5.0%12.2%0.95n/a
Microchip Technology Inc. MCHP$41.0 billion111.067.4%15.5%20.9%0.832.4%
Telefonaktiebolaget LM Ericsson ERIC *$32.0 billion11.2426.0%16.3%-4.5%0.303.0%
Jabil Inc. JBL$31.4 billion37.3565.2%4.3%17.8%2.550.1%
ON Semiconductor Corp. ON$30.9 billion50.908.7%10.8%-3.1%0.62n/a
Teledyne Technologies Inc. TDY$28.0 billion29.208.9%19.4%7.9%0.19n/a
Qnity Electronics, Inc. Q$27.1 billion46.338.1%n/an/a0.550.1%
Hubbell Inc. HUBB$25.1 billion28.1523.1%20.0%10.6%1.231.1%
Macom Technology Solutions Holdings, Inc. MTSI$24.6 billion103.6015.6%18.1%28.4%0.22n/a
First Solar, Inc. FSLR$19.2 billion11.0316.9%33.6%23.8%0.00n/a
Semtech Corp. SMTC$17.5 billion124.1720.6%8.0%17.8%0.47n/a
Fabrinet FN$17.5 billion37.3419.3%10.0%35.7%0.00n/a
Lattice Semiconductor Corp. LSCC$17.1 billion480.694.6%7.4%33.3%0.00n/a
Sitime Corp. SITM$17.1 billion1,316.451.4%-3.9%83.0%1.29n/a
Amkor Technology, Inc. AMKR$12.6 billion22.8711.9%8.6%17.9%0.540.7%
Vicor Corp. VICR$12.5 billion84.0817.4%18.6%11.7%0.00n/a
TTM Technologies Inc. TTMI$12.4 billion52.9312.2%9.9%27.6%0.50n/a
Skyworks Solutions, Inc. SWKS$12.2 billion41.625.1%7.6%0.1%0.093.5%
Rambus Inc. RMBS$11.8 billion49.7616.3%35.5%17.2%0.00n/a
Nextpower Inc. NXT$11.6 billion22.0923.2%19.3%17.0%0.00n/a
Advanced Energy Industries Inc. AEIS$11.4 billion52.9315.1%13.2%24.6%0.870.0%
Sanmina Corp. SANM$11.3 billion37.6511.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$10.9 billionn/a-2.1%6.9%40.0%0.27n/a
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Allegro Microsystems, Inc. ALGM$6.8 billion604.501.5%4.9%24.2%0.29n/a
Cirrus Logic, Inc. CRUS$5.7 billion13.8619.7%23.0%6.2%0.00n/a
Synaptics Inc. SYNA$4.7 billionn/a-52.8%-5.6%11.4%0.90n/a
Universal Display Corp. \Pa\ OLED$3.4 billion17.6511.6%34.1%-8.3%n/a2.5%
IPG Photonics Corp. IPGP$3.3 billion119.601.3%0.7%13.0%0.00n/a
33 companies share its SEC industry code (Semiconductors & Related Devices); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-K27 June 202613 August 2026EDGAR
10-Q28 March 202630 April 2026EDGAR
10-Q27 December 202529 January 2026EDGAR
10-Q27 September 202530 October 2025EDGAR
10-K28 June 202511 August 2025EDGAR
10-Q29 March 20252 May 2025EDGAR
10-Q28 December 202431 January 2025EDGAR
10-Q28 September 20241 November 2024EDGAR
10-K29 June 202416 August 2024EDGAR
10-Q30 March 20243 May 2024EDGAR

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