VIAVI SOLUTIONS INC. VIAV

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Viavi Solutions Inc. (VIAVI, also referred to as the Company, we, our and us) is a global leader in test and measurement and optical technologies. Our test and measurement, and resilient Position, Navigation and Timing (PNT) solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications. In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.

•Optical Security and Performance Products (OSP).

Our objective is to accelerate profitable growth by leveraging VIAVI technologies and capabilities into attractive high-growth markets and applications. In support of our business segments, we are pursuing a corporate strategy that we believe will best position us for future opportunities as follows:

Last close 30.45 2026-10-23
Market cap $7.51B 2026-06-27 share count
52-week range 13.77 - 60.43

Valuation FY2026 figures against the last close

P/S4.9x
P/E—
P/FCF90.7x
EV/EBITDA48.8x
Dividend yield—
Diluted EPS-0.13

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea:
  • Greater China
  • Other Asia-Pacific
  • Other Americas
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 577.9M (38.1%) 38% United States Emea:, FY2026: 365.4M (24.1%) 24% Emea: Greater China, FY2026: 258.8M (17.0%) 17% Greater China Other Asia-Pacific, FY2026: 211.1M (13.9%) 14% Other Asia-Pacific Other Americas, FY2026: 105.1M (6.9%) 7% FY2025 United States, FY2025: 356M (32.8%) 33% Emea:, FY2025: 279.5M (25.8%) 26% Greater China, FY2025: 215.1M (19.8%) 20% Other Asia-Pacific, FY2025: 164.5M (15.2%) 15% Other Americas, FY2025: 69.2M (6.4%) 6% FY2024 United States, FY2024: 325.4M (32.5%) 33% Emea:, FY2024: 263.2M (26.3%) 26% Greater China, FY2024: 194M (19.4%) 19% Other Asia-Pacific, FY2024: 152.5M (15.2%) 15% Other Americas, FY2024: 65.3M (6.5%) 7%
Region FY2026FY2025FY2024
United States $577.9M $356.0M $325.4M
Emea: $365.4M $279.5M $263.2M
Greater China $258.8M $215.1M $194.0M
Other Asia-Pacific $211.1M $164.5M $152.5M
Other Americas $105.1M $69.2M $65.3M

As the company reported it, from the “Operating Segments and Geographic Information - Net Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $1.52B$1.08B$1.00B$1.11B$1.29B$1.20B$1.14B$1.13B$875.7M$805.0M
Cost of revenue $642.9M$463.2M$424.5M$467.3M$518.9M$484.5M$471.0M$478.9M$387.3M$326.0M
Gross profit $875.4M$621.1M$575.9M$638.8M$773.5M$714.4M$665.3M$651.4M$488.4M$479.0M
R&D $262.7M$208.7M$201.9M$206.9M$213.2M$203.0M$193.6M$187.0M$133.3M$136.3M
SG&A $469.2M$349.4M$333.3M$328.7M$365.7M$337.5M$315.0M$343.5M$323.9M$300.1M
Total operating expenses $770.3M$563.6M$555.1M$556.4M$588.5M$572.2M$547.2M$584.0M$486.5M$472.0M
Operating income $105.1M$57.5M$20.8M$82.4M$185.0M$142.2M$118.1M$67.4M$1.9M$7.0M
Interest expense $47.4M$30.0M$30.9M$27.1M$23.3M$14.7M$13.4M$34.3M$47.3M$43.2M
Pre-tax income $16.3M$38.6M$11.6M$60.7M$65.1M$130.8M$114.3M$39.3M-$35.7M$180.0M
Income tax $47.5M$4.4M$37.4M$35.2M$49.6M$63.3M$65.3M$31.5M$12.9M$21.4M
Net income -$30.4M$34.8M-$25.8M$25.5M$15.5M$67.5M$49.0M$5.4M-$48.6M$160.2M
EPS, basic -0.130.16-0.120.110.070.300.210.02-0.210.70
EPS, diluted -0.130.15-0.120.110.070.290.210.02-0.210.68
Shares, diluted (wtd. avg.) 229.5M225.7M222.6M226.6M238.2M236.3M234.8M231.2M227.1M234.5M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $647.8M$423.6M$481.8M$515.6M$572.8M$708.4M$547.4M$530.4M$624.3M$1.02B
Short-term investments $2.0M$1.7M$19.9M$14.6M$1.4M$1.6M$1.5M$1.5M$169.3M$432.2M
Receivables $351.3M$261.0M$213.1M$231.2M$260.9M$256.5M$235.5M$237.7M$218.6M$120.4M
Inventory $155.3M$117.9M$96.5M$116.1M$110.1M$94.9M$83.3M$102.7M$92.3M$48.0M
Total current assets $1.26B$885.2M$876.5M$945.0M$1.01B$1.11B$913.6M$916.8M$1.16B$1.67B
Property, plant and equipment $224.5M$231.9M$228.2M$243.0M$228.9M$196.0M$172.5M$179.9M$170.5M$136.9M
Goodwill $700.7M$595.7M$452.9M$455.2M$387.6M$396.5M$381.4M$381.1M$336.3M$151.6M
Other intangibles $377.6M$131.6M$38.2M$58.6M$54.2M$88.0M$148.1M$211.6M$235.1M$31.1M
Total assets $2.71B$1.99B$1.74B$1.85B$1.83B$1.96B$1.78B$1.82B$2.03B$2.11B
Accounts payable $92.2M$68.8M$50.4M$47.2M$58.3M$63.2M$53.0M$63.4M$55.5M$32.6M
Short-term debt $244.8M$246.2M$0$96.2M$68.4M$456.6M$2.8M$0$275.3M$0
Total current liabilities $680.5M$589.7M$247.1M$343.5M$369.3M$747.4M$232.8M$284.0M$553.2M$228.8M
Long-term debt —————$224.1M————
Total liabilities $1.26B$1.21B$1.05B———————
Retained earnings -$69.69B-$69.63B-$69.65B-$69.60B-$69.54B-$69.32B-$69.40B-$69.38B-$69.38B-$69.31B
Total equity $1.45B$780.2M$681.6M$690.8M$671.7M$763.9M$633.2M$627.3M$734.9M$803.5M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $113.9M$89.8M$116.4M$114.1M$178.1M$243.3M$135.6M$138.8M$66.0M$94.3M
Depreciation and amortisation $40.4M$38.4M$38.6M$36.2M$35.7M$35.8M$40.0M$39.7M$35.7M$29.4M
Stock-based compensation $55.4M$53.1M$49.4M$51.2M$52.3M$48.3M$44.6M$38.2M$30.5M$33.2M
Capital expenditure $31.1M$27.8M$19.5M$51.1M$72.5M$52.1M$31.9M$45.0M$42.5M$38.6M
Investing cash flow -$426.8M-$128.4M-$21.6M-$127.1M-$71.0M-$48.7M-$29.8M$80.6M-$286.5M$113.5M
Financing cash flow $541.0M-$23.6M-$125.7M-$50.0M-$210.4M-$58.8M-$71.7M-$300.4M-$180.5M$311.0M
Buybacks $30.0M$16.4M$20.0M$83.9M$235.9M$42.2M$44.4M$11.2M$40.8M$92.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-056765.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2017: 805M Gross profit, FY2017: 479M Net income, FY2017: 160.2M Revenue, FY2018: 875.7M Gross profit, FY2018: 488.4M Net income, FY2018: -48.6M Revenue, FY2019: 1.1B Gross profit, FY2019: 651.4M Net income, FY2019: 5.4M Revenue, FY2020: 1.1B Gross profit, FY2020: 665.3M Net income, FY2020: 49M Revenue, FY2021: 1.2B Gross profit, FY2021: 714.4M Net income, FY2021: 67.5M Revenue, FY2022: 1.3B Gross profit, FY2022: 773.5M Net income, FY2022: 15.5M Revenue, FY2023: 1.1B Gross profit, FY2023: 638.8M Net income, FY2023: 25.5M Revenue, FY2024: 1B Gross profit, FY2024: 575.9M Net income, FY2024: -25.8M Revenue, FY2025: 1.1B Gross profit, FY2025: 621.1M Net income, FY2025: 34.8M Revenue, FY2026: 1.5B Gross profit, FY2026: 875.4M Net income, FY2026: -30.4M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $805.0M $875.7M $1.13B $1.14B $1.20B $1.29B $1.11B $1.00B $1.08B $1.52B
Gross profit $479.0M $488.4M $651.4M $665.3M $714.4M $773.5M $638.8M $575.9M $621.1M $875.4M
Net income $160.2M -$48.6M $5.4M $49.0M $67.5M $15.5M $25.5M -$25.8M $34.8M -$30.4M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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