VIAV

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Viavi Solutions Inc.

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Key Metrics

Previous Close: $38.74
52-Week Range: $10.49 – $60.43
Market Cap: $9.51B
P/E (TTM): —
EPS (TTM): -0.13
Dividend Yield: —

Advanced Metrics

Price/Book: 6.58
PEG Ratio: 1.34
Return on Equity: -2.73%
Return on Assets: 4.55%
Gross Margin: 60.89%
Operating Margin: 14.31%
Profit Margin: -2.00%
Current Ratio: 1.85
Debt/Equity: 0.48
Total Debt: $698.80M
Free Cash Flow: $158.71M
Revenue Growth: 52.50%
Earnings Growth: 326.50%
Enterprise Value: $9.61B

VIAV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.29B	$1.11B	$1.00B	$1.08B
Cost of Revenue	$518.90M	$467.30M	$424.50M	$463.20M
Gross Profit	$773.50M	$638.80M	$575.90M	$621.10M
Research & Development	$213.20M	$206.90M	$201.90M	$208.70M
Selling, General & Admin	$365.70M	$328.70M	$333.30M	$349.40M
Operating Expenses	$588.60M	$544.30M	$541.50M	$562.90M
Operating Income	$184.90M	$94.50M	$34.40M	$58.20M
EBITDA	$161.00M	$154.80M	$98.60M	$128.90M
Pretax Income	$65.10M	$60.70M	$11.60M	$38.60M
Income Tax	$49.60M	$35.20M	$37.40M	$4.40M
Net Income	$15.50M	$25.50M	-$25.80M	$34.80M
Diluted EPS	0.07	0.11	-0.12	—
Diluted Shares	238.20M	226.60M	222.60M	—

VIAV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$559.90M	$506.50M	$471.30M	$423.60M
Receivables	$285.80M	$263.90M	$244.90M	$293.20M
Inventory	$110.10M	$116.10M	$96.50M	$117.90M
Current Assets	$1.01B	$945.00M	$876.50M	$885.20M
Total Assets	$1.83B	$1.85B	$1.74B	$1.99B
Current Liabilities	$369.30M	$343.50M	$247.10M	$589.70M
Long-Term Debt	$616.50M	$629.50M	$636.00M	$396.30M
Total Debt	$744.50M	$781.00M	$687.20M	$692.30M
Total Liabilities	$1.16B	$1.16B	$1.05B	$1.21B
Retained Earnings	-$69.54B	-$69.60B	-$69.65B	-$69.63B
Shareholders' Equity	$671.70M	$690.80M	$681.60M	$780.20M
Working Capital	$635.80M	$601.50M	$629.40M	$295.50M
Net Debt	$125.00M	$219.20M	$164.70M	$218.90M

VIAV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$178.10M	$114.10M	$116.40M	$89.80M
Capital Expenditure	-$72.50M	-$51.10M	-$19.50M	-$27.80M
Free Cash Flow	$105.60M	$63.00M	$96.90M	$62.00M
Depreciation & Amortisation	$75.40M	$69.50M	$58.70M	$62.70M
Stock-Based Compensation	$52.30M	$51.20M	$49.40M	$53.10M
Investing Cash Flow	-$71.00M	-$127.10M	-$21.60M	-$128.40M
Financing Cash Flow	-$210.40M	-$50.00M	-$125.70M	-$23.60M
Share Repurchases	-$235.90M	-$83.90M	-$20.00M	-$16.40M
Net Change in Cash	-$103.30M	-$63.00M	-$30.90M	-$62.20M

VIAV Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$284.80M	$290.50M	$299.10M	$369.30M	$406.80M
Cost of Revenue	$124.10M	$127.00M	$130.10M	$158.70M	$172.70M
Gross Profit	$160.70M	$163.50M	$169.00M	$210.60M	$234.10M
Research & Development	$50.00M	$57.20M	$56.00M	$65.90M	$71.00M
Selling, General & Admin	$101.30M	$89.70M	$104.20M	$127.10M	$113.60M
Operating Expenses	$152.50M	$148.40M	$161.70M	$199.30M	$192.00M
Operating Income	$8.20M	$15.10M	$7.30M	$11.30M	$42.10M
EBITDA	$26.70M	$34.40M	$22.60M	$4.20M	$57.70M
Pretax Income	$3.20M	$9.60M	-$2.30M	-$38.70M	$13.80M
Income Tax	-$16.30M	$2.20M	$19.00M	$9.70M	$7.40M
Net Income	$19.50M	$8.00M	-$21.40M	-$48.10M	$6.40M
Diluted EPS	0.09	0.04	-0.10	-0.21	0.03
Diluted Shares	226.90M	227.00M	222.90M	223.90M	249.50M

VIAV Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$374.20M	$423.60M	$543.80M	$765.50M	$499.00M
Receivables	$279.00M	$293.20M	$273.80M	$320.50M	$345.00M
Inventory	$116.20M	$117.90M	$124.50M	$141.00M	$147.90M
Current Assets	$835.40M	$885.20M	$990.30M	$1.28B	$1.05B
Total Assets	$1.93B	$1.99B	$2.08B	$2.78B	$2.53B
Current Liabilities	$544.70M	$589.70M	$497.50M	$489.60M	$652.50M
Long-Term Debt	$396.10M	$396.30M	$640.50M	$1.22B	$836.30M
Total Debt	$691.30M	$692.30M	$846.60M	$1.33B	$1.14B
Total Liabilities	$1.20B	$1.21B	$1.36B	$1.94B	$1.68B
Retained Earnings	-$69.64B	-$69.63B	-$69.68B	-$69.73B	-$69.72B
Shareholders' Equity	$728.80M	$780.20M	$723.90M	$834.30M	$846.50M
Working Capital	$290.70M	$295.50M	$492.80M	$789.00M	$401.20M
Net Debt	$266.70M	$218.90M	$247.80M	$509.60M	$581.80M

VIAV Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$7.80M	$23.80M	$31.00M	$42.50M	-$26.30M
Capital Expenditure	-$6.80M	-$5.50M	-$8.50M	-$5.60M	-$5.90M
Free Cash Flow	$1.00M	$18.30M	$22.50M	$36.90M	-$32.20M
Depreciation & Amortisation	$16.60M	$17.90M	$18.20M	$28.80M	$30.70M
Stock-Based Compensation	$14.10M	$12.60M	$13.40M	$13.90M	$13.90M
Investing Cash Flow	-$124.90M	$12.30M	-$8.30M	-$404.30M	-$4.70M
Financing Cash Flow	-$1.60M	-$100.00K	$97.70M	$582.90M	-$231.40M
Share Repurchases	$0.00	$0.00	-$30.00M	$0.00	$0.00
Net Change in Cash	-$118.70M	$36.00M	$120.40M	$221.10M	-$262.40M

Market Snapshot

About

Viavi Solutions provides network test, monitoring, and assurance solutions for communications service providers, enterprises, and their ecosystems. The company also develops optical security and performance products used in banknotes, consumer electronics, and automotive applications.