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Viavi Solutions (VIAV)
NASDAQ:VIAV
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.23Last Year’s EPS
0.15Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong financial outperformance for the quarter with robust revenue growth (+36.4% YoY), margin expansion, EPS beats, and clear momentum in high-growth end markets (data center and aerospace & defense). Management provided constructive Q3 guidance and highlighted cash strength and active debt management. Near-term negatives include a modest shortfall in Spirent timing, one-time restructuring charges (~$32M) with ~5% workforce reduction, share dilution from convertible exchanges (and a higher expected share count), slight margin pressure in parts of the business, and a small decline in operating cash flow. On balance, the positives around top-line strength, margin improvement, segment momentum, and disciplined capital allocation outweigh the lowlights.Company Guidance
Revenue Beat and Strong Growth
Net revenue of $369.3M in Q2, at the high end of guidance ($360M–$370M); up 23.5% sequentially and up 36.4% year-over-year.
Margin Expansion and EPS Outperformance
Operating margin of 19.3% (above guidance 17.3%–18.5%), increasing 360 bps sequentially and 440 bps year-over-year. Non-GAAP EPS of $0.22 beat guidance ($0.18–$0.20), up $0.07 sequentially and $0.09 year-over-year.
NSE Segment Strength
NSE revenue of $291.5M (high end of guidance $283M–$293M), up 45.8% year-over-year driven by acquisitions (Inertia Labs and Spirent product lines) and strong demand from the data center ecosystem; NSE operating margin improved to 15.6% from 8.7% a year ago.
OSP (OSB) Revenue and Margin Improvement
OSP revenue $77.8M (slightly above ~ $77M guidance), up 9.7% year-over-year. OSP gross margin 50.8% (+20 bps YoY) and operating margin 33.4% (up 100 bps YoY).
Strong Cash Position and Active Debt Management
Total cash and short-term investments of $772.1M (vs $549.1M prior period, ~+40.6%). Exchanged ~$100M principal of convertible notes for 7.9M shares and prepaid $100M of a $600M term loan B, prioritizing debt management over buybacks.
Positive Forward Guidance and Continued End‑market Momentum
Q3 revenue guidance implies sequential growth (company expects Q3 up sequentially), Q3 revenue range $386M–$400M; NSE guidance $304M–$316M; OSP $82M–$84M. Management expects continued data center and aerospace & defense demand to drive momentum into calendar 2026.
Cost Savings Program with Reinvestment Plans
Restructuring plan affecting ~5% of global workforce with estimated $32M in charges and expected annual run-rate savings of ~$30M; company intends to reinvest a portion of savings into higher-growth areas.
VIAV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VIAV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $21.03 | $24.70 | +17.45% |
Oct 29, 2025 | $13.98 | $17.10 | +22.32% |
Aug 07, 2025 | $10.16 | $10.93 | +7.58% |
May 01, 2025 | $10.65 | $9.34 | -12.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Viavi Solutions (VIAV) report earnings?
Viavi Solutions (VIAV) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Viavi Solutions (VIAV) earnings time?
Viavi Solutions (VIAV) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VIAV EPS forecast?
VIAV EPS forecast for the fiscal quarter 2026 (Q3) is 0.23.