Companies /Technology

Viavi Solutions Inc

NASDAQ: VIAV Communication Equipment
$47.10
▲ $2.32 (+5.18%) today
Markets closed · 4:45pm ET

Q2 2026 Earnings

Reported Jan 28, 2026, 4:18pm ET · SEC source
$0.22
Beat +17.21%
EPS · est. $0.19
$369.3M
Beat +1.11%
Revenue · est. $365.3M
+35.8%
Beating market
VIAV vs S&P since report
8 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%+12%Jan 28Jan 29report 4:18pm ETearnings−0.5%+13.1%
−6%0+6%+12%Jan 28Jan 29earnings−0.5%+13.1%
VIAV +13.1%S&P 500 −0.5%
−6%0+6%+12%Jan 28Jan 29report 4:18pm ETearnings−1.0%+13.1%
−6%0+6%+12%Jan 28Jan 29earnings−1.0%+13.1%
VIAV +13.1%NASDAQ −1.0%
0+8%+16%+24%Jan 27Feb 5report 4:18pm ETearnings−3.2%+16.4%
0+8%+16%+24%Jan 27Feb 5earnings−3.2%+16.4%
VIAV +16.4%S&P 500 −3.2%
−9%0+9%+18%Jan 27Feb 5report 4:18pm ETearnings−7.0%+16.4%
−9%0+9%+18%Jan 27Feb 5earnings−7.0%+16.4%
VIAV +16.4%NASDAQ −7.0%
+17.45%
Day of report
−0.97%
Next session
+2.51%
One week
+33.77%
30 days

S&P 500 over the same 30 days: −1.98%.

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 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%

“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.”

Viavi Solutions CEO, on the earnings call

Forward Guidance & Outlook

For fiscal Q3 2026 ending March 28, 2026, VIAVI expects net revenue between $386 million and $400 million, and non-GAAP EPS between $0.22 and $0.24. Management expects strong momentum and demand in data center ecosystems and aerospace/defense applications to continue driving growth through the calendar year. The company also anticipates approximately $30 million in annualized cost savings from its recently approved restructuring plan, with the majority of the estimated $32 million in charges to be recognized by end of June 2026.

VIAV YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$200.0M$400.0M$270.8M$369.3MRevenue$159.8M$210.6MGross Profit$22.3M$11.4MOperating Income
$0$200.0M$400.0MRevenueGross ProfitOperating Income

VIAV Revenue by Segment

Network and Service Enablement$291.5M+45.8%
Network Enablement
Optical Security and Performance Products$77.8M+9.7%
Service Enablement

VIAV Revenue by Geography

Americas$171.0M
Asia Pacific$108.2M
EMEA$90.1M

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