Companies /Technology

Viavi Solutions Inc

NASDAQ: VIAV Communication Equipment
$47.10
▲ $2.32 (+5.18%) today
Markets closed · 4:47pm ET

Q3 2026 Earnings

Reported Apr 29, 2026, 4:17pm ET · SEC source
$0.27
Beat +17.04%
EPS · est. $0.23
$406.8M
Beat +3.30%
Revenue · est. $393.8M
−4.8%
Trailing market
VIAV vs S&P since report
8 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−9%0+9%+18%Apr 29Apr 30report 4:17pm ETearnings+1.5%+2.9%
−9%0+9%+18%Apr 29Apr 30earnings+1.5%+2.9%
VIAV +2.9%S&P 500 +1.5%
−9%0+9%+18%Apr 29Apr 30report 4:17pm ETearnings+1.7%+2.9%
−9%0+9%+18%Apr 29Apr 30earnings+1.7%+2.9%
VIAV +2.9%NASDAQ +1.7%
−18%−9%0+9%Apr 28May 7report 4:17pm ETearnings+2.8%−6.1%
−18%−9%0+9%Apr 28May 7earnings+2.8%−6.1%
VIAV −6.1%S&P 500 +2.8%
−18%−9%0+9%Apr 28May 7report 4:17pm ETearnings+5.2%−6.1%
−18%−9%0+9%Apr 28May 7earnings+5.2%−6.1%
VIAV −6.1%NASDAQ +5.2%
+15.09%
Day of report
+5.59%
Next session
−2.58%
One week
+0.92%
30 days

S&P 500 over the same 30 days: +5.69%.

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-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%

“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.”

Viavi Solutions CEO, on the earnings call

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 · SEC filings Q3 2025 Q3 2026
$0$200.0M$400.0M$284.8M$406.8MRevenue$159.5M$234.1MGross Profit$24.0M$24.8MOperating Income$19.5M$6.4MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

VIAV Revenue by Segment

Network and Service Enablement$321.5M+54.4%
Network Enablement
Optical Security and Performance Products$85.3M+11.4%
Service Enablement

VIAV Revenue by Geography

Americas$182.7M+68.8%
Asia Pacific$128.1M+27.1%
EMEA$96.0M+26.7%

Figures from SEC filings and company reports. Not investment advice.