Q1 26 EPS
$0.15
BEAT +14.24%
Est. $0.13
Q1 26 Revenue
$299.1M
BEAT +1.61%
Est. $294.4M
vs S&P Since Q1 26
+217.2%
BEATING MARKET
VIAV +225.1% vs S&P +7.9%
Market Reaction
Did VIAV Beat Earnings? Q1 2026 Results
VIAVI Solutions posted a stronger-than-expected fiscal first quarter of 2026, with revenue climbing 25.6% year-over-year to $299.10 million against a consensus estimate of $294.35 million, while non-GAAP EPS of $0.15 beat the $0.13 analyst estimate b… Read more VIAVI Solutions posted a stronger-than-expected fiscal first quarter of 2026, with revenue climbing 25.6% year-over-year to $299.10 million against a consensus estimate of $294.35 million, while non-GAAP EPS of $0.15 beat the $0.13 analyst estimate by 14.24%, reflecting a 150% improvement from the year-ago quarter's $0.06. The standout driver was the Network and Service Enablement segment, which generated $216.00 million in revenue, up 35.5% year-over-year, fueled by surging demand from data center and aerospace and defense customers, and swung from an operating loss to $16.30 million in operating income. Non-GAAP operating income nearly doubled to $47.10 million, yielding a 15.7% margin. The strong results arrive alongside the company's completion of its $425 million debt-financed acquisition of Spirent product lines from Keysight, a deal that drew a credit rating downgrade but is expected to add roughly $180 million in annual revenue. Management guided Q2 FY2026 revenue of $360 million to $370 million and non-GAAP EPS of $0.18 to $0.20, signaling continued momentum ahead.
Key Takeaways
- • Strong demand from data center ecosystem customers
- • Strong demand from aerospace and defense customers
- • Network and Service Enablement segment revenue up 35.5% year-over-year
- • Non-GAAP operating margin expanded 570 basis points year-over-year to 15.7%
VIAV YoY Financials
Q1 2026 vs Q1 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 first quarter financial performance has exceeded our expectations. Strong demand from the data center ecosystem and aerospace & defense customers was the primary driver behind our strong performance. We expect the strong momentum in these end markets to continue through the fiscal year. Additionally, the acquisition of highly complementary Spirent product lines from Keysight is expected to further strengthen our position in the data center ecosystem and significantly increase our business footprint in this high growth market segment.”
— Oleg Khaykin, Q1 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 | — |