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Dec 27, 2025
Viavi Q2 2026 Earnings Report
Viavi reported its fiscal second quarter results, with net revenue increasing by 36.4% year-over-year and non-GAAP diluted EPS up by 69.2% year-over-year.
Key Takeaways
VIAVI Solutions Inc. announced strong fiscal second quarter results, exceeding guidance with net revenue of $369.3 million, a 36.4% increase year-over-year. Non-GAAP diluted EPS rose significantly to $0.22, up 69.2% from the previous year, driven by robust performance in the data center ecosystem and aerospace and defense sectors.
Net revenue reached $369.3 million, marking a 36.4% increase year-over-year.
Non-GAAP diluted EPS was $0.22, an increase of 69.2% year-over-year.
GAAP net loss was $48.1 million, a decrease of $57.2 million year-over-year.
Non-GAAP operating margin improved to 19.3%, up 440 basis points year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of fiscal 2026, VIAVI expects net revenue to be between $386 million and $400 million, with non-GAAP EPS projected to be between $0.22 and $0.24.
Positive Outlook
- Anticipated growth in net revenue, ranging from $386 million to $400 million.
- Expected non-GAAP EPS between $0.22 and $0.24, indicating continued profitability.
- Strong momentum and demand in the data center ecosystem are expected to continue.
- Aerospace and defense applications are projected to drive anticipated growth.
- The restructuring plan is expected to result in approximately $30 million in annualized cost savings upon completion.
Challenges Ahead
- Inability to provide a meaningful or accurate estimate of certain GAAP reconciling items due to forecasting difficulties.
- Unreasonable effort required to reconcile GAAP net (loss) income per share to non-GAAP EPS.
- Potential for the amount and timing of financial impact from the restructuring plan to differ from initial estimates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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