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Viavi Solutions
Viavi Solutions (VIAV) investor relations material
Viavi Solutions Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary28 Jan, 2026
Executive summary
Fiscal Q2 2026 revenue reached $369.3M, up 36.4% year-over-year, at the high end of guidance, driven by acquisitions and strong demand in data center and aerospace/defense markets.
Non-GAAP net income was $51.5M, up 75.2% year-over-year; non-GAAP EPS was $0.22, up 69.2%, exceeding guidance.
GAAP net loss was $48.1M, compared to net income of $9.1M in the prior year, mainly due to debt extinguishment and higher operating expenses.
Operating margin (non-GAAP) was 19.3%, up 440 bps year-over-year; GAAP operating margin was 3.1%.
Major acquisitions included Spirent's HSE and CE business and Inertial Labs, contributing significantly to Q2 revenue.
Financial highlights
NSE revenue was $291.5M, up 45.8% year-over-year; OSP revenue was $77.8M, up 9.7% year-over-year.
Non-GAAP gross margin was 61.8%, up 70 bps year-over-year; GAAP gross margin was 57.0%, down from 59.4% due to increased amortization.
Cash and short-term investments ended at $772.1M; cash from operations was $42.5M for the quarter.
CapEx was $5.6M, down from $8.2M year-over-year.
Adjusted EBITDA for the quarter was $81.4M, up from $50.1M a year ago.
Outlook and guidance
Q3 2026 revenue expected at $386–$400M; NSE $304–$316M; OSP $82–$84M.
Non-GAAP EPS expected at $0.22–$0.24; operating margin at 19.7% ±50 bps.
Q3 to include full 13 weeks of Spirent product lines, supporting sequential growth.
Restructuring plan targets $30M in annualized cost savings, with most charges recognized by June 2026.
Management focused on revenue and earnings growth, market share expansion, and capital structure optimization.
Restructuring plan's net financial impact?
What caused the large non-GAAP adjustments?
Impact of convertible notes extinguishment?
Restructuring savings reinvestment strategy
Data center demand visibility beyond 2026?
NSE mix shift and Q3 growth drivers
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Next Viavi Solutions earnings date
Q3 202630 Apr, 2026
Viavi Solutions
Next Viavi Solutions earnings date
Q3 202630 Apr, 2026
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Frequently asked questions
Viavi Solutions Inc. develops testing and monitoring equipment for telecommunications, cable, and data center networks. The company also provides optical security and performance products used in anti-counterfeiting, instrumentation, and aerospace applications. It is headquartered in Chandler, Arizona, and its shares are listed on the NASDAQ.
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