Q2 25 EPS
$0.13
BEAT +30.13%
Est. $0.10
Q2 25 Revenue
$270.8M
BEAT +4.16%
Est. $260.0M
vs S&P Since Q2 25
+296.9%
BEATING MARKET
VIAV +318.7% vs S&P +21.8%
Market Reaction
Did VIAV Beat Earnings? Q2 2025 Results
Viavi Solutions delivered a strong second quarter of fiscal 2025, beating Wall Street expectations on both the top and bottom lines as a recovery in service provider demand lifted results well above forecasts. The company posted revenue of $270.80 mi… Read more Viavi Solutions delivered a strong second quarter of fiscal 2025, beating Wall Street expectations on both the top and bottom lines as a recovery in service provider demand lifted results well above forecasts. The company posted revenue of $270.80 million, up 6.4% year-over-year and ahead of the $260.00 million consensus estimate by 4.16%, while non-GAAP EPS of $0.13 cleared the $0.10 consensus by 30.13%. The primary driver was a resurgent Network Enablement segment, where revenue climbed 15.1% year-over-year to $179.00 million, reflecting improving conditions in service provider end markets that had weighed on the business in prior periods. Non-GAAP operating margin expanded 170 basis points to 14.9%, and adjusted EBITDA rose to $50.10 million from $43.00 million a year ago, underscoring the operational leverage in the recovery. Looking ahead, management guided Q3 revenue of $276.00 million to $288.00 million and non-GAAP EPS of $0.10 to $0.13, pointing to continued momentum as the company also diversifies into data center and aerospace and defense markets.
Key Takeaways
- • Recovering NSE demand, particularly in Network Enablement segment
- • Service provider end market recovery
- • Non-GAAP operating margin expansion of 170 bps year-over-year
- • Strong operating cash flow generation of $44.7 million
VIAV YoY Financials
Q2 2025 vs Q2 2024, 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 exceeded expectations, largely driven by recovering NSE demand. We expect that the recovery in our traditional service provider end markets together with our diversification and growth opportunities in new end markets such as the data center ecosystem and aerospace and defense applications will position us favorably for a long term growth cycle.”
— Oleg Khaykin, Q2 2025 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 | — |