VIAVI revenue rises 36% to $369.3 million; GAAP net loss of $48.1 million
VIAVI reported preliminary fiscal second-quarter results with net revenue of $369.3 million, up 36.4% from a year earlier, but a GAAP net loss of $48.1 million, compared with net income of $9.1 million a year earlier. The company also approved a restructuring plan on January 23, 2026, with about 5% of its global workforce affected and estimated total charges of about $32 million, which matters to shareholders because it adds near-term costs while targeting about $30 million in annualized savings.
Key points
- Q2 net revenue $369.3 million, up 36.4% year over year; non-GAAP EPS $0.22, up 69.2%
- GAAP diluted EPS $(0.21) versus $0.04 a year earlier; GAAP net loss $48.1 million
- Restructuring plan approved January 23, 2026: about 5% of global workforce affected, total charges about $32 million including about $24 million in cash
- Plan expected to yield about $30 million in annualized cost savings upon completion; majority of charges expected by end of June 2026
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.