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AI brief of an SEC Form 8-K · Viavi Solutions (VIAV)

VIAVI first-quarter revenue rises 56.9% to $469.3 million; board authorizes $500 million buyback

Positive Impact 4 of 5 earnings

VIAVI reported preliminary fiscal first-quarter 2027 net revenue of $469.3 million, up 56.9% from a year earlier, and GAAP net income of $76.0 million, or $0.29 per diluted share, compared with a loss of $0.10 per share a year earlier. The board also authorized a new repurchase program of up to $500 million, and the company expects second-quarter net revenue of $505 million to $515 million.

Key points

  • Net revenue of $469.3 million, up from $299.1 million in the year-earlier quarter; GAAP diluted EPS of $0.29 versus a $(0.10) loss
  • Non-GAAP diluted EPS of $0.47 and non-GAAP operating margin of 29.0% for the quarter ended October 3, 2026
  • Second-quarter fiscal 2027 outlook: net revenue of $505 million to $515 million and non-GAAP EPS of $0.50 to $0.52
  • New $500 million share repurchase authorized November 1, 2026, in addition to a 2022 plan with approximately $18.4 million remaining

The filing

CompanyViavi Solutions (VIAV)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:17 PM ET
Accession number0001628280-26-070170

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.