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Jun 28
Viavi Q4 2025 Earnings Report
Viavi reported strong fiscal fourth quarter and fiscal year 2025 results, with performance at the high end of guidance, driven by stabilization in base businesses and growth in data center ecosystem and aerospace & defense segments.
Key Takeaways
VIAVI concluded Fiscal 2025 with robust fourth-quarter performance, meeting the upper range of its guidance. The company experienced stabilization in its core service provider test and measurement, and optical security pigments businesses, while growth in data center ecosystem and aerospace & defense segments further accelerated its recovery. Management anticipates continued positive momentum in its end markets through calendar year 2025.
VIAVI's Q4 2025 net revenue reached $290.5 million, marking a 15.3% increase year-over-year.
GAAP diluted EPS for Q4 2025 was $0.04, a significant improvement from a loss of $0.10 in the prior year.
Non-GAAP EPS for Q4 2025 was $0.13, exceeding the $0.08 reported in Q4 2024.
The Network and Service Enablement segment saw revenue grow by 14.8% year-over-year to $209.1 million.
Viavi
Viavi
Viavi Revenue by Segment
Revenue by Segment
Network and Service Enablement Revenue
CapyFin.comOptical Security and Performance Products Revenue
CapyFin.com Forward Guidance
For the first quarter of fiscal 2026, VIAVI expects net revenue to be between $290 million to $298 million and non-GAAP EPS to be between $0.13 to $0.14.
Positive Outlook
- Expected net revenue for Q1 FY26 is projected to be between $290 million and $298 million, indicating continued growth.
- Non-GAAP EPS for Q1 FY26 is anticipated to be strong, ranging from $0.13 to $0.14.
- The company expects positive momentum in its end markets to continue through calendar year 2025.
- Stabilization in base businesses like service provider test and measurement and optical security pigments is expected to persist.
- High growth in data center ecosystem and aerospace & defense segments is projected to continue accelerating recovery.
Challenges Ahead
- The company did not reconcile GAAP net income per share to non-GAAP EPS for the forward guidance, citing inherent difficulties in forecasting certain items.
- Potential for unforeseen charges related to restructuring, acquisition, and integration could impact GAAP results.
- The forward guidance does not provide a GAAP EPS outlook, which may limit a full financial picture for some investors.
- Reliance on continued positive momentum in end markets means any market downturns could impact performance.
- The inherent difficulty in forecasting certain items suggests a degree of uncertainty in the projections.
Revenue & Expenses
Visualization of income flow from segment revenue to net income