Viavi Solutions (VIAV)
NASDAQ:VIAV
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strong operational beat and clear momentum: revenue and EPS exceeded guidance, margins expanded materially, NSE delivered very high year-over-year growth (driven by Spirent and data center demand), and management provided upbeat sequential guidance. Offsetting items include a substantial cash balance decline driven by strategic earn-outs and debt prepayments, negative operating cash flow for the quarter, near-term dilution from convertible conversions, and some product-mix pressure on OSP gross margins plus a weak wireless/service-provider market. On balance, the company demonstrated robust demand, margin leverage and a constructive outlook while taking deliberate debt-reduction and investment actions; these positives outweigh the near-term cash and dilution headwinds.Company Guidance
Revenue Beat and Strong Growth
Q3 net revenue $406.8M, above the high end of guidance ($386M-$400M). Revenue +10.2% sequentially and +42.8% year-over-year.
Profitability and Margin Expansion
GAAP (non-GAAP) operating margin 21.0%, above guidance (19.2%-20.2%). Operating margin improved +170 bps sequentially and +430 bps year-over-year.
EPS Above Guidance
Q3 EPS $0.27, above guidance ($0.22-$0.24). EPS increased $0.05 sequentially and $0.12 year-over-year.
NSE Segment Outperformance
NSE revenue $321.5M, above guidance ($304M-$316M). NSE revenue +54.4% year-over-year, driven primarily by the Spirent product-line acquisition and strong demand from the data center ecosystem and aerospace & defense customers. NSE gross margin 65.3% (+220 bps YoY); NSE operating margin 17.2% (+680 bps YoY) and above guidance (15%-16%).
OSP Growth and Strong Operating Margin
OSP revenue $85.3M, above guidance ($82M-$84M) and +11.4% year-over-year. OSP operating margin 35.3% (+140 bps YoY) and in line with guidance (34.8%-35.8%).
Spirent Contribution and Cross-Sell Momentum
Spirent product-line revenue $54.2M in Q3. Management expects a calendar annual run-rate ~ $200M for Spirent lines and ongoing cross-selling (normalized Spirent June-quarter contribution ~ $48M).
Improving Fall-Through / Incremental Margins
Management cites roughly 40%-45% fall-through on incremental NSE revenue today with potential upside as volumes grow and restructuring actions complete, indicating significant operating leverage.
Debt Reduction and Capital Allocation
Paid $49M principal on convertible notes and prepaid $150M of Term Loan B (remaining Term Loan B balance $450M). Management prioritized debt prepayment over share repurchases this quarter.
Positive Guidance for Q4
Q4 revenue guidance $427M-$437M (sequentially higher). Segment guidance: NSE $340M-$348M, OSP $87M-$89M. Company operating margin guide 22.7% ±50 bps; EPS guide $0.29-$0.31. Management expects continued data center and aerospace & defense strength through calendar 2026.
Favorable Tax Position This Quarter
Effective tax rate reported ~12% in the quarter; management noted U.S. jurisdictional profit and NOL consideration contributes to a lower tax burden.
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 |
|---|---|---|---|
Apr 29, 2026 | $45.53 | $52.40 | +15.09% |
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% |
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 Aug 06, 2026, After Close (Confirmed).
What is Viavi Solutions (VIAV) earnings time?
Viavi Solutions (VIAV) earnings time is at Aug 06, 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 (Q4) is 0.3.