Viavi Solutions (VIAV)

Nasdaq Information Technology Communications Equipment S&P MidCap 400

$28.47

+2.17 (+8.25%)

Close of Nov 06, 2026 · end-of-day data

Source: Viavi Solutions's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$805.00M	$875.70M	$1.13B	$1.14B	$1.20B	$1.29B	$1.11B	$1.00B	$1.08B	$1.52B
Cost of revenue	$326.00M	$387.30M	$478.90M	$471.00M	$484.50M	$518.90M	$467.30M	$424.50M	$463.20M	$642.90M
Gross profit	$479.00M	$488.40M	$651.40M	$665.30M	$714.40M	$773.50M	$638.80M	$575.90M	$621.10M	$875.40M
Research & development	$136.30M	$133.30M	$187.00M	$193.60M	$203.00M	$213.20M	$206.90M	$201.90M	$208.70M	$262.70M
Selling, general & admin	$300.10M	$323.90M	$343.50M	$315.00M	$337.50M	$365.70M	$328.70M	$333.30M	$349.40M	$469.20M
Operating income	$7.00M	$1.90M	$67.40M	$118.10M	$142.20M	$185.00M	$82.40M	$20.80M	$57.50M	$105.10M
Interest expense	$43.20M	$47.30M	$34.30M	$13.40M	$14.70M	$23.30M	$27.10M	$30.90M	$30.00M	$47.40M
Pre-tax income	$180.00M	-$35.70M	$39.30M	$114.30M	$130.80M	$65.10M	$60.70M	$11.60M	$38.60M	$16.30M
Income tax	$21.40M	$12.90M	$31.50M	$65.30M	$63.30M	$49.60M	$35.20M	$37.40M	$4.40M	$47.50M
Net income	$160.20M	-$48.60M	$5.40M	$49.00M	$67.50M	$15.50M	$25.50M	-$25.80M	$34.80M	-$30.40M
EBITDA	$36.40M	$37.60M	$107.10M	$158.10M	$178.00M	$220.70M	$118.60M	$59.40M	$95.90M	$145.50M
EPS (basic)	$0.70	$-0.21	$0.02	$0.21	$0.30	$0.07	$0.11	$-0.12	$0.16	$-0.13
EPS (diluted)	$0.68	$-0.21	$0.02	$0.21	$0.29	$0.07	$0.11	$-0.12	$0.15	$-0.13
Diluted shares	234.50M	227.10M	231.20M	234.80M	236.30M	238.20M	226.60M	222.60M	225.70M	229.50M
Gross margin	59.5%	55.8%	57.6%	58.5%	59.6%	59.8%	57.8%	57.6%	57.3%	57.7%
Operating margin	0.9%	0.2%	6.0%	10.4%	11.9%	14.3%	7.4%	2.1%	5.3%	6.9%
Net margin	19.9%	-5.5%	0.5%	4.3%	5.6%	1.2%	2.3%	-2.6%	3.2%	-2.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$1.00B	$611.40M	$521.50M	$539.00M	$697.80M	$559.90M	$506.50M	$471.30M	$423.60M	$647.80M
Short-term investments	$432.20M	$169.30M	$1.50M	$1.50M	$1.60M	$1.40M	$14.60M	$19.90M	$1.70M	$2.00M
Receivables	$120.40M	$218.60M	$237.70M	$235.50M	$256.50M	$260.90M	$231.20M	$213.10M	$261.00M	$351.30M
Inventory	$48.00M	$92.30M	$102.70M	$83.30M	$94.90M	$110.10M	$116.10M	$96.50M	$117.90M	$155.30M
Total current assets	$1.67B	$1.16B	$916.80M	$913.60M	$1.11B	$1.01B	$945.00M	$876.50M	$885.20M	$1.26B
Goodwill	$151.60M	$336.30M	$381.10M	$381.40M	$396.50M	$387.60M	$455.20M	$452.90M	$595.70M	$700.70M
Total assets	$2.11B	$2.03B	$1.82B	$1.78B	$1.96B	$1.83B	$1.85B	$1.74B	$1.99B	$2.71B
Total current liabilities	$228.80M	$553.20M	$284.00M	$232.80M	$747.40M	$369.30M	$343.50M	$247.10M	$589.70M	$680.50M
Short-term debt	$0	$275.30M	$0	$2.80M	$456.60M	$68.40M	$96.20M	$0	$246.20M	$244.80M
Long-term debt	—	—	—	$679.10M	$224.10M	$616.50M	$629.50M	$636.00M	$396.30M	$397.10M
Total debt	$0	$275.30M	$0	$681.90M	$680.70M	$684.90M	$725.70M	$636.00M	$642.50M	$641.90M
Total liabilities	$1.31B	$1.29B	$1.19B	$1.14B	$1.20B	$1.16B	$1.16B	$1.05B	$1.21B	$1.26B
Shareholders' equity	$803.50M	$734.90M	$627.30M	$633.20M	$763.90M	$671.70M	$690.80M	$681.60M	$780.20M	$1.45B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$94.30M	$66.00M	$138.80M	$135.60M	$243.30M	$178.10M	$114.10M	$116.40M	$89.80M	$113.90M
Capital expenditures	$38.60M	$42.50M	$45.00M	$31.90M	$52.10M	$72.50M	$51.10M	$19.50M	$27.80M	$31.10M
Free cash flow	$55.70M	$23.50M	$93.80M	$103.70M	$191.20M	$105.60M	$63.00M	$96.90M	$62.00M	$82.80M
Investing cash flow	$113.50M	-$286.50M	$80.60M	-$29.80M	-$48.70M	-$71.00M	-$127.10M	-$21.60M	-$128.40M	-$426.80M
Financing cash flow	$311.00M	-$180.50M	-$300.40M	-$71.70M	-$58.80M	-$210.40M	-$50.00M	-$125.70M	-$23.60M	$541.00M
Share buybacks	$92.00M	$40.80M	$11.20M	$44.40M	$42.20M	$235.90M	$83.90M	$20.00M	$16.40M	$30.00M
Stock-based compensation	$33.20M	$30.50M	$38.20M	$44.60M	$48.30M	$52.30M	$51.20M	$49.40M	$53.10M	$55.40M
Depreciation & amortization	$29.40M	$35.70M	$39.70M	$40.00M	$35.80M	$35.70M	$36.20M	$38.60M	$38.40M	$40.40M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Oct 2026
Revenue	$254.50M	$246.00M	$252.00M	$238.20M	$270.80M	$284.80M	$290.50M	$299.10M	$369.30M	$406.80M	$443.10M	$469.30M
Cost of revenue	$106.50M	$108.10M	$106.40M	$102.10M	$110.00M	$124.10M	$127.00M	$130.10M	$158.70M	$172.70M	$181.40M	$182.00M
Gross profit	$148.00M	$137.90M	$145.60M	$136.10M	$160.80M	$160.70M	$163.50M	$169.00M	$210.60M	$234.10M	$261.70M	$287.30M
Research & development	$49.50M	$50.00M	$52.50M	$49.40M	$52.10M	$50.00M	$57.20M	$56.00M	$65.90M	$71.00M	$69.80M	$69.50M
Selling, general & admin	$74.80M	$98.20M	$83.10M	$74.10M	$84.30M	$101.30M	$89.70M	$104.20M	$127.10M	$113.60M	$124.30M	$129.50M
Operating income	$22.40M	-$11.90M	-$5.70M	$11.50M	$22.20M	$8.50M	$15.30M	$7.60M	$11.40M	$24.80M	$61.30M	$81.70M
Interest expense	$7.90M	$7.70M	$7.50M	$7.50M	$7.50M	$7.50M	$7.50M	$7.40M	$15.30M	$14.30M	$10.40M	$5.70M
Pre-tax income	$18.30M	-$15.60M	-$9.50M	$7.20M	$18.60M	$3.20M	$9.60M	-$2.30M	-$38.70M	$13.80M	$43.50M	$86.30M
Income tax	$7.60M	$9.00M	$12.20M	$9.00M	$9.50M	-$16.30M	$2.20M	$19.00M	$9.70M	$7.40M	$11.40M	$11.90M
Net income	$10.70M	-$24.60M	-$21.70M	-$1.80M	$9.10M	$19.50M	$8.00M	-$21.40M	-$48.10M	$6.40M	$32.70M	$76.00M
EBITDA	$32.10M	-$2.30M	$3.80M	$21.20M	$32.00M	$17.80M	$24.90M	$17.40M	$21.40M	$35.10M	$71.60M	$92.00M
EPS (basic)	$0.05	$-0.11	$-0.10	$-0.01	$0.04	$0.09	$0.04	$-0.10	$-0.21	$0.03	$0.15	$0.31
EPS (diluted)	$0.05	$-0.11	$-0.10	$-0.01	$0.04	$0.09	$0.03	$-0.10	$-0.21	$0.03	$0.15	$0.29
Diluted shares	223.50M	223.00M	100.00K	222.00M	224.80M	226.90M	500.00K	222.90M	223.90M	249.50M	3.30M	266.20M
Gross margin	58.2%	56.1%	57.8%	57.1%	59.4%	56.4%	56.3%	56.5%	57.0%	57.5%	59.1%	61.2%
Operating margin	8.8%	-4.8%	-2.3%	4.8%	8.2%	3.0%	5.3%	2.5%	3.1%	6.1%	13.8%	17.4%
Net margin	4.2%	-10.0%	-8.6%	-0.8%	3.4%	6.8%	2.8%	-7.2%	-13.0%	1.6%	7.4%	16.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Oct 2026
Cash & equivalents	$543.70M	$454.20M	$471.30M	$467.90M	$488.00M	$374.20M	$423.60M	$543.80M	$765.50M	$499.00M	$647.80M	$526.70M
Short-term investments	$25.00M	$28.40M	$19.90M	$25.20M	$21.40M	$22.60M	$1.70M	$1.80M	$1.90M	$1.80M	$2.00M	$2.10M
Receivables	$208.90M	$212.00M	$213.10M	$203.10M	$212.50M	$252.80M	$261.00M	$242.00M	$284.60M	$320.30M	$351.30M	$335.00M
Inventory	$115.10M	$103.40M	$96.50M	$93.20M	$92.80M	$116.20M	$117.90M	$124.50M	$141.00M	$147.90M	$155.30M	$173.80M
Total current assets	$965.30M	$867.60M	$876.50M	$864.00M	$880.40M	$835.40M	$885.20M	$990.30M	$1.28B	$1.05B	$1.26B	$1.14B
Goodwill	$455.20M	$453.20M	$452.90M	$461.20M	$451.10M	$585.40M	$595.70M	$592.30M	$704.40M	$701.80M	$700.70M	$705.30M
Total assets	$1.86B	$1.74B	$1.74B	$1.74B	$1.73B	$1.93B	$1.99B	$2.08B	$2.78B	$2.53B	$2.71B	$2.59B
Total current liabilities	$312.10M	$227.80M	$247.10M	$232.80M	$248.00M	$544.70M	$589.70M	$497.50M	$489.60M	$652.50M	$680.50M	$687.20M
Short-term debt	$96.30M	$0	$0	—	—	$244.80M	$246.20M	$151.10M	$53.40M	$244.50M	$244.80M	$245.10M
Long-term debt	$632.80M	$634.40M	$636.00M	$637.60M	$639.30M	$396.10M	$396.30M	$640.50M	$1.22B	$836.30M	$397.10M	$397.40M
Total debt	$729.10M	$634.40M	$636.00M	$637.60M	$639.30M	$640.90M	$642.50M	$791.60M	$1.28B	$1.08B	$641.90M	$642.50M
Total liabilities	$1.13B	$1.04B	$1.05B	$1.04B	$1.04B	$1.20B	$1.21B	$1.36B	$1.94B	$1.68B	$1.26B	$1.26B
Shareholders' equity	$728.00M	$705.10M	$681.60M	$702.10M	$682.80M	$728.80M	$780.20M	$723.90M	$834.30M	$846.50M	$1.45B	$1.32B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Oct 2026
Operating cash flow	$20.40M	$19.50M	$26.20M	$13.50M	$44.70M	$7.80M	$23.80M	$31.00M	$42.50M	-$26.30M	$66.70M	$104.70M
Capital expenditures	$5.80M	$3.20M	$3.80M	$7.30M	$8.20M	$6.80M	$5.50M	$8.50M	$5.60M	$5.90M	$11.10M	$12.00M
Free cash flow	$14.60M	$16.30M	$22.40M	$6.20M	$36.50M	$1.00M	$18.30M	$22.50M	$36.90M	-$32.20M	$55.60M	$92.70M
Investing cash flow	-$7.70M	-$6.90M	$5.60M	-$11.50M	-$4.30M	-$124.90M	$12.30M	-$8.30M	-$404.30M	-$4.70M	-$9.50M	-$18.70M
Financing cash flow	-$2.20M	-$97.00M	-$10.40M	-$21.00M	-$900.00K	-$1.60M	-$100.00K	$97.70M	$582.90M	-$231.40M	$91.80M	-$206.60M
Share buybacks	$0	$0	$10.00M	$16.40M	$0	$0	$0	$30.00M	$0	$0	$0	$150.00M
Stock-based compensation	$12.50M	$12.90M	$12.80M	$12.70M	$13.70M	$14.10M	$12.60M	$13.40M	$13.90M	$13.90M	$14.20M	$15.90M
Depreciation & amortization	$9.70M	$9.60M	$9.50M	$9.70M	$9.80M	$9.30M	$9.60M	$9.80M	$10.00M	$10.30M	$10.30M	$10.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.