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Nasdaq · Technology

Viavi Solutions Inc. (VIAV)

As-reported financials and SEC filings for Viavi Solutions Inc. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Viavi Solutions Inc.

Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for telecommunications, cloud, enterprise, military, aerospace, and critical infrastructure sectors. Its main products include test instruments, fiber and wireless network solutions, and artificial intelligence operations tools, serving service providers, network equipment manufacturers, and government agencies. The company also develops optical technologies for anti-counterfeiting, 3D sensing, and industrial applications, supplying banknote security features and optical components to customers worldwide.

Snapshot

Revenue
$1.52B
Revenue growth (YoY)
40.0%
Net income
$-30.4M
Diluted EPS
$-0.13
Gross margin
57.7%
Operating margin
6.9%
Net margin
-2.0%
FCF margin
5.5%
ROE
-2.1%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$10.27B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended June 27, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Viavi Solutions

  • Revenue grew 40.0% to $1.5B in FY2026, faster than the 8.4% the year before.
  • Operating margin is 6.9% in FY2026, -7.4 pp against 14.3% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $443M, up 52.5% from Q4 FY2025.
  • Free cash flow was $83M in FY2026, 5.5% of revenue.
  • Net income turned to a $30M loss in FY2026, from a $35M profit in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Viavi Solutions’s fundamentals sit among the 89 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin57.7%
79th percentile of 79
Operating margin6.9%
59th percentile of 80
Net margin-2.0%
39th percentile of 81
FCF margin5.5%
42nd percentile of 79
Revenue growth (YoY)+40.0%
82nd percentile of 88
ROE-2.1%
39th percentile of 76
Short interest2.16d
25th percentile of 89

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $8.4M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+7 quant / multi-strat
Initiated / added
10
2 new, 8 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$1.16B
reported long value
InvestorAs ofPosition valueSharesChange
Whale Rock Capital ManagementQ2 2026$328.3M6.9MAdded
Two Sigma InvestmentsquantQ2 2026$266.8M5.6MAdded
Millennium ManagementquantQ2 2026$251.9M5.3MAdded
D. E. ShawquantQ2 2026$177.4M3.7MAdded
Citadel AdvisorsquantQ2 2026$61.5M1.3MAdded
Point72 Asset ManagementquantQ2 2026$32.6M682.7KNew
Renaissance TechnologiesquantQ2 2026$15.7M328.3KAdded
First Eagle Investment ManagementQ2 2026$10.2M212.9KReduced
AQR Capital ManagementquantQ2 2026$9.8M204.6KAdded
Bridgewater AssociatesQ2 2026$2.8M59.2KAdded
Gotham Asset ManagementQ2 2026$1.3M27.9KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
9
$8.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-23
Luke M. ScrivanichSVP General Manager OSPSell35.9K$36.24$1.3M
2026-09-11
Paul McNabEVP, Chief Mktg & Stgy OfficerSell7.5K$38.96$293K
2026-09-11
Paul McNabEVP, Chief Mktg & Stgy OfficerSell3.5K$38.98$137K
2026-08-31
Ilan DaskalEVP, CFOSell30.3K$36.29$1.1M
2026-08-31
Ilan DaskalEVP, CFOSell26.0K$36.29$945K
2026-08-31
Luke M. ScrivanichSVP General Manager OSPSell23.9K$36.37$870K
2026-08-17
filed 2026-08-18
Laura A. BlackDirectorSell71.0K$46.12$3.3M
2026-08-14
Joanne SolomonDirectorSell10.0K$42.92$429K
2026-08-10
filed 2026-08-11
Paul McNabEVP, Chief Mktg & Stgy OfficerSell1.6K$37.37$60K
2026-05-08
Oleg KhaykinPresident & CEOSell136.5K$51.82$7.1M
2026-05-07
filed 2026-05-08
Oleg KhaykinPresident & CEOSell123.3K$51.43$6.3M
2026-05-06
filed 2026-05-07
Oleg KhaykinPresident & CEOSell34.0K$54.07$1.8M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
13.1M
settled 2026-09-30
Change vs prior
+16.5%
vs previous settlement
Days to cover
2.16
at avg daily volume
Avg daily volume
6.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3013.1M+16.5%2.16
2026-09-1511.3M+16.7%2.44
2026-08-319.6M+9.1%2.59
2026-08-148.8M-24.2%1.67
2026-07-3111.7M-3.3%2.30
2026-07-1512.1M+17.3%2.66
2026-06-3010.3M-30.6%1.00
2026-06-1514.8M+17.0%2.53

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$1.52B$1.08B$1.00B$1.11B$1.29B
Gross profit
Operating income$105.1M$57.5M$20.8M$82.4M$185.0M
Net income$-30.4M$34.8M$-25.8M$25.5M$15.5M
Diluted EPS$-0.13$0.15$-0.12$0.11$0.07

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$647.8M$423.6M$471.3M$506.5M$559.9M
Current assets$1.26B$885.2M$876.5M$945.0M$1.01B
Total assets$2.71B$1.99B$1.74B$1.85B$1.83B
Current liabilities$680.5M$589.7M$247.1M$343.5M$369.3M
Long-term debt—$396.3M$636.0M$629.5M$616.5M
Total liabilities$1.26B$1.21B$1.05B
Total equity$1.45B$780.2M$681.6M$690.8M$671.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$113.9M$89.8M$116.4M$114.1M$178.1M
Capital expenditure$31.1M$27.8M$19.5M$51.1M$72.5M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY202652.5%
Q3 FY2026$406.8M42.8%$6.4M$0.03
Q2 FY2026$369.3M36.4%$-48.1M$-0.21
Q1 FY2026$299.1M25.6%$-21.4M$-0.10
Q4 FY202515.3%
Q3 FY2025$284.8M15.8%$19.5M$0.09
Q2 FY2025$270.8M6.4%$9.1M$0.04
Q1 FY2025$238.2M-3.9%$-1.8M$-0.01

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2026 (ended June 27, 2026)
Latest reported quarterQ4 FY2026 (ended June 27, 2026)
Oldest indexed filing2017
SEC CIK912093

Selected SEC filings

10-K2026-08-13
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-05-21
View on EDGAR →
8-K2026-05-18
View on EDGAR →
8-K2026-04-29
View on EDGAR →

Largest semiconductor peers

All semiconductor stocks →All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.