VIAVI Announces First Quarter Fiscal 2026 Results

About this update from Viavi Solutions Inc.

[{"type":"text","content":"\n CHANDLER, Ariz., Oct. 29, 2025 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its fiscal first quarter ended September 27, 2025 with the following highlights.\n \n \n \n \n \n \n \n \n \n First Quarter\n \n \n \n \n Net revenue of $299.1 million, up $60.9 million or 25.6% year-over-year\n \n GAAP operating margin of 2.5%, down 230 bps year-over-year\n \n \n Non-GAAP operating margin of 15.7%, up 570 bps year-over-year\n \n \n GAAP net loss of $21.4 million, up $19.6 million or 1,088.9% year-over-year\n \n \n Non-GAAP net income of $33.1 million, up $20.7 million or 166.9%year-over-year \n \n GAAP diluted earnings per share (EPS) of $(0.10), down $0.09 or 900.0% year-over-year\n \n Non-GAAP diluted EPS of $0.15, up $0.09 or 150.0% year-over-year\n \n \n \"VIAVI's first quarter financial performance has exceeded our expectations. Strong demand from the data center ecosystem and aerospace & defense customers was the primary driver behind our strong performance. We expect the strong momentum in these end markets to continue through the fiscal year. Additionally, the acquisition of highly complementary Spirent product lines from Keysight is expected to further strengthen our position in the data center ecosystem and significantly increase our business footprint in this high growth market segment,\" said Oleg Khaykin, VIAVI's President and Chief Executive Officer.\n \n Financial Overview:\n \n The tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled \"Use of Non-GAAP (Adjusted) Financial Measures.\"\n \n \n Fiscal First Quarter Ended September 27, 2025\n \n \n \n \n \n \n \n \n \n \n \n GAAP Results\n \n \n \n \n \n \n \n \n \n \n \n Q1\n \n \n \n \n \n \n \n \n \n Q4\n \n \n \n \n \n \n \n \n \n Q1\n \n \n \n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n \n \n \n FY 2026\n \n \n \n \n \n \n \n \n \n FY 2025\n \n \n \n \n \n \n \n \n \n FY 2025\n \n \n \n \n \n \n \n \n \n Q/Q\n \n \n \n \n \n \n \n \n \n Y/Y\n \n \n \n \n \n \n \n Net revenue\n \n \n \n \n $ 299.1\n \n \n \n \n \n \n \n $ 290.5\n \n \n \n \n \n \n \n $ 238.2\n \n \n \n \n \n \n ...

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