Q2 26 EPS
$0.22
BEAT +17.21%
Est. $0.19
Q2 26 Revenue
$369.3M
BEAT +1.11%
Est. $365.3M
vs S&P Since Q2 26
+115.2%
BEATING MARKET
VIAV +120.9% vs S&P +5.6%
Market Reaction
Did VIAV Beat Earnings? Q2 2026 Results
VIAVI Solutions delivered a strong fiscal second quarter, posting non-GAAP EPS of $0.22 and beating the $0.19 consensus estimate by 17.21%, while revenue of $369.30 million topped expectations by 1.11% and surged 36.4% year-over-year. The primary dri… Read more VIAVI Solutions delivered a strong fiscal second quarter, posting non-GAAP EPS of $0.22 and beating the $0.19 consensus estimate by 17.21%, while revenue of $369.30 million topped expectations by 1.11% and surged 36.4% year-over-year. The primary driver was the Network and Service Enablement segment, which generated $291.50 million in revenue, up 45.8% year-over-year, fueled by robust demand in data center ecosystems and aerospace and defense applications, with contributions from the recently integrated Spirent businesses providing meaningful lift. Non-GAAP operating margin expanded 440 basis points to 19.3%, though GAAP results reflected a net loss of $48.10 million, weighed down by $38.70 million in losses from the extinguishment of convertible notes. The strong print sent shares to a 52-week high, reflecting growing investor confidence in the company's growth trajectory. Looking ahead, VIAVI guided fiscal Q3 2026 revenue of $386.00 million to $400.00 million with non-GAAP EPS of $0.22 to $0.24, while a recently approved restructuring plan is expected to yield approximately $30.00 million in annualized cost savings.
Key Takeaways
- • Strength across most end markets
- • Strong momentum and demand in data center ecosystem
- • Aerospace and defense applications demand
- • NSE segment revenue up 45.8% year-over-year, driven partly by Spirent acquisition contributions
- • Non-GAAP operating margin expansion of 440 bps year-over-year to 19.3%
VIAV YoY Financials
Q2 2026 vs Q2 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 performance for the second quarter came in at the high end of our guidance, driven by strength across most of our end markets. We expect the strong momentum and demand in the data center ecosystem and aerospace and defense applications to continue driving our anticipated growth this calendar year.”
— Oleg Khaykin, Q2 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 | — |