Viavi Solutions Inc. logo

Viavi Solutions Inc.

VIAV

NASDAQTechnologyCommunication Equipment

Previous close

$38.90

+$0.34 · +0.88%

Aug 21, 4:00 PM ET

Pre-market

$38.30

−$0.60 · -1.54%

Aug 24, 4:01 AM ET

VIAV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

3

Overpriced

Momentum

45

Neutral

Sentiment

50

Mixed

Risk resilience

46

Elevated Risk

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Company profile

Company website

Viavi Solutions Inc. offers a comprehensive suite of solutions for network testing, monitoring, and assurance to a global customer base. These clients include telecommunication service providers, businesses, manufacturers of network equipment, original equipment manufacturers, governmental organizations, and the aviation industry. The company's operations are divided into three core segments: 1. Network Enablement (NE): This division focuses on providing tools for the construction and upkeep of network infrastructure. It supplies instruments, software, and associated services crucial for the design, deployment, activation, certification, troubleshooting, and optimization of networks. This also encompasses specialized instrumentation for communication and safety. Additionally, the segment delivers professional support, including repair, calibration, software assistance, technical help, comprehensive system integration projects (with project management, installation, and implementation), and various training and consulting services. 2. Service Enablement (SE): This segment empowers communication service providers, enterprises, and cloud operators with embedded systems and enterprise performance management solutions. These offerings grant critical visibility into network, service, and application data. Utilizing instruments, microprobes, and software, Viavi monitors, collects, and analyzes network data to reveal the true customer experience and identify potential new revenue streams and avenues for network optimization. 3. Optical Security and Performance Products (OSP): This segment develops and supplies advanced optical products catering to diverse markets such as anti-counterfeiting, consumer and industrial goods, government applications, and the automotive sector. Founded in 1923, Viavi Solutions Inc. was previously known as JDS Uniphase Corporation until it adopted its current name in August 2015. The company's headquarters are located in Scottsdale, Arizona.

Industry
Communication Equipment
Sector
Technology
Headquarters
US
CEO
Oleg Khaykin
Listed since
Nov 17, 1993
Employees
4,100

Market position

Day range

Current $38.90

52-week range

Current $38.90

Open
$38.97
Previous close
$38.56
Volume
4.62M
0.68× average
Average volume
6.76M
Average daily volume
Market cap
9.6B USD
Beta
1.23
Market reference 1
50-day average
$42.6918
-8.88% below average
200-day average
$33.8706
+14.85% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.98B USD
P/E (TTM)
-302.96×
P/B (TTM)
6.16×
P/S (TTM)
6.32×
EV / EBITDA
172.4×
Earnings yield
-0.28%
Free cash flow yield
0.76%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
57.66%
Operating margin
6.92%
Net margin
-2.00%
Return on equity
-2.10%
Return on assets
-1.12%
Return on invested capital
-8.19%

Financial health

Debt / equity
0.48×
Current ratio
1.85×
Altman Z-score
-30.59
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends65%41%16%-9%Gross margin, FY2022: 59.10%Gross margin, FY2023: 56.97%Gross margin, FY2024: 56.94%Gross margin, FY2025: 56.84%Gross margin, FY2026: 57.66%Operating margin, FY2022: 14.33%Operating margin, FY2023: 8.96%Operating margin, FY2024: 4.30%Operating margin, FY2025: 6.54%Operating margin, FY2026: 6.92%Net margin, FY2022: 1.20%Net margin, FY2023: 2.31%Net margin, FY2024: -2.58%Net margin, FY2025: 3.21%Net margin, FY2026: -2.00%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 59.10%. Gross margin FY2023 56.97%. Gross margin FY2024 56.94%. Gross margin FY2025 56.84%. Gross margin FY2026 57.66%. Operating margin FY2022 14.33%. Operating margin FY2023 8.96%. Operating margin FY2024 4.30%. Operating margin FY2025 6.54%. Operating margin FY2026 6.92%. Net margin FY2022 1.20%. Net margin FY2023 2.31%. Net margin FY2024 -2.58%. Net margin FY2025 3.21%. Net margin FY2026 -2.00%.

Income trends

Revenue

1.52B USD+40.03%

Operating income

105.1M USD+48.24%

Net income

−30.4M USD−65.2M USD
Income trends across reported periods1.67B USD1.05B USD434.21M USD−185.27M USDRevenue, FY2022: 1.29B USDRevenue, FY2023: 1.11B USDRevenue, FY2024: 1B USDRevenue, FY2025: 1.08B USDRevenue, FY2026: 1.52B USDOperating income, FY2022: 185.2M USDOperating income, FY2023: 99.1M USDOperating income, FY2024: 43M USDOperating income, FY2025: 70.9M USDOperating income, FY2026: 105.1M USDNet income, FY2022: 15.5M USDNet income, FY2023: 25.5M USDNet income, FY2024: −25.8M USDNet income, FY2025: 34.8M USDNet income, FY2026: −30.4M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.29B USD. Revenue FY2023 1.11B USD. Revenue FY2024 1B USD. Revenue FY2025 1.08B USD. Revenue FY2026 1.52B USD. Operating income FY2022 185.2M USD. Operating income FY2023 99.1M USD. Operating income FY2024 43M USD. Operating income FY2025 70.9M USD. Operating income FY2026 105.1M USD. Net income FY2022 15.5M USD. Net income FY2023 25.5M USD. Net income FY2024 −25.8M USD. Net income FY2025 34.8M USD. Net income FY2026 −30.4M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue1.52B USD1.08B USD1B USD1.11B USD1.29B USD
Cost of goods sold642.9M USD468M USD430.8M USD476M USD528.6M USD
Gross profit875.4M USD616.3M USD569.6M USD630.1M USD763.8M USD
Research and development262.7M USD208.7M USD201.9M USD206.9M USD213.2M USD
Selling, general, and administrative469.2M USD336.7M USD324.7M USD324.1M USD365.4M USD
Operating expenses770.3M USD545.4M USD526.6M USD531M USD578.6M USD
Interest income13.1M USD18.9M USD10.2M USD3.4M USD
Interest expense47.4M USD30M USD30.9M USD27.1M USD23.3M USD
Depreciation and amortization62.7M USD58.7M USD69.5M USD75.4M USD
Operating income105.1M USD70.9M USD43M USD99.1M USD185.2M USD
Net income−30.4M USD34.8M USD−25.8M USD25.5M USD15.5M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+14.42%
11 comparable reports
Latest EPS result
0.34
Estimate 0.3 · Beat by 14.13%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.410.30.190.09Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 0.13, estimate 0.1, surprise +30.00%, Beat. Q2 2025, reported May 1, 2025: actual 0.15, estimate 0.12, surprise +25.00%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.13, estimate 0.12, surprise +8.33%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.15, estimate 0.13, surprise +15.38%, Beat. Q1 2026, reported Jan 28, 2026: actual 0.22, estimate 0.19, surprise +15.79%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.27, estimate 0.24, surprise +12.50%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.34, estimate 0.298, surprise +14.13%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.37, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates473.26M396.1M318.93M241.77MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 270.8M USD, estimate 259.97M USD, surprise +4.17%, Beat. Q2 2025, reported May 1, 2025: actual 284.8M USD, estimate 285.19M USD, surprise -0.14%, Miss. Q3 2025, reported Aug 7, 2025: actual 290.5M USD, estimate 285.19M USD, surprise +1.86%, Beat. Q4 2025, reported Oct 29, 2025: actual 299.1M USD, estimate 301.82M USD, surprise -0.90%, Miss. Q1 2026, reported Jan 28, 2026: actual 369.3M USD, estimate 365.25M USD, surprise +1.11%, Beat. Q2 2026, reported Apr 29, 2026: actual 406.8M USD, estimate 393.8M USD, surprise +3.30%, Beat. Q3 2026, reported Aug 5, 2026: actual 443.1M USD, estimate 432.62M USD, surprise +2.42%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 455.06M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$58.67

50.82% upside
Past 12 months12-month forecastHigh $66.00Average $58.67Low $50.00

Rating distribution

19 ratings
Strong buy00%
Buy1579%
Hold316%
Sell15%
Strong sell00%

Recent analyst actions

9 institutions

VIAV news

Corporate actions

Corporate action history

Stock split

Effective Aug 4, 2015

879:500

Stock split

Effective Oct 17, 2006

1:8

Stock split

Effective Mar 13, 2000

2:1

Stock split

Effective Dec 30, 1999

2:1

Stock split

Effective Jul 27, 1999

2:1

Stock split

Effective Nov 13, 1997

2:1

VIAV peers

ETFs holding VIAV

Funds reporting this stock among their holdings, ordered by reported position size.

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