Q3 26 EPS
$0.27
BEAT +17.04%
Est. $0.23
Q3 26 Revenue
$406.8M
BEAT +3.30%
Est. $393.8M
vs S&P Since Q3 26
-15.2%
TRAILING MARKET
VIAV -13.2% vs S&P +2.0%
Market Reaction
Did VIAV Beat Earnings? Q3 2026 Results
Viavi Solutions delivered a standout fiscal third quarter, posting revenue of $406.80 million and non-GAAP EPS of $0.27, beating the $0.23 consensus estimate by 17.04% and clearing the $393.80 million revenue bar by 3.30%, as the company's 42.8% year… Read more Viavi Solutions delivered a standout fiscal third quarter, posting revenue of $406.80 million and non-GAAP EPS of $0.27, beating the $0.23 consensus estimate by 17.04% and clearing the $393.80 million revenue bar by 3.30%, as the company's 42.8% year-over-year top-line growth reflected the transformative weight of its Spirent Communications acquisition. The deal supercharged the Network and Service Enablement segment, which surged 54.4% year-over-year to $321.50 million on robust demand from data center and aerospace and defense customers, more than offsetting the more modest 11.4% gain in the Optical Security and Performance Products segment. Non-GAAP operating margin expanded 430 basis points to 21.0%, though elevated restructuring and integration charges weighed on GAAP net income, which fell to $6.40 million. CEO Oleg Khaykin expressed confidence that data center and defense tailwinds will persist, backing guidance for Q4 revenue of $427 million to $437 million and non-GAAP EPS of $0.29 to $0.31, even as notable insider stock sales have drawn attention from market observers in recent weeks.
Key Takeaways
- • Strong growth in data center end market
- • Strong growth in aerospace and defense end market
- • Network and Service Enablement segment revenue grew 54.4% year-over-year driven by Spirent acquisition and organic growth
- • Non-GAAP operating margin expanded 430 bps year-over-year to 21.0%
VIAV Forward Guidance & Outlook
For Q4 fiscal 2026 ending June 27, 2026, VIAVI expects net revenue between $427 million and $437 million and non-GAAP EPS between $0.29 and $0.31. Management expects the data center and aerospace and defense end markets to continue to be strong drivers for the foreseeable future.
VIAV YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
VIAV Revenue by Segment
With YoY comparisons, source: SEC Filings
VIAV Revenue by Geography
With YoY comparisons, source: SEC Filings
“VIAVI's financial performance for the third quarter has exceeded our expectations, driven by strong growth in the data center and aerospace and defense end markets. We expect these end markets to continue to be strong drivers for the foreseeable future.”
— Oleg Khaykin, Q3 2026 Earnings Press Release
VIAV Earnings Trends
VIAV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VIAV EPS Trend
Earnings per share: estimate vs actual
VIAV Revenue Trend
Quarterly revenue: estimate vs actual
VIAV Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $0.23 | $0.27 | +17.04% | $406.8M | +3.30% |
| Q2 26 BEAT | $0.19 | $0.22 | +17.21% | $369.3M | +1.11% |
| Q1 26 BEAT | $0.13 | $0.15 | +14.24% | $299.1M | +1.61% |
| Q4 25 BEAT FY | $0.12 | $0.13 | +12.85% | $290.5M | +1.86% |
| FY Full Year | — | $0.47 | — | $1.08B | — |
| Q3 25 BEAT | $0.12 | $0.15 | +26.80% | $284.8M | +1.06% |
| Q2 25 BEAT | $0.10 | $0.13 | +30.13% | $270.8M | +4.16% |
| Q1 25 BEAT | $0.06 | $0.06 | +0.00% | $238.2M | -0.79% |
| Q4 24 BEAT FY | $0.07 | $0.08 | +14.29% | $252.0M | +0.47% |
| FY Full Year | — | $0.33 | — | $1.00B | — |