Vistance Networks, Inc. · NASDAQ:VISN
Vistance Networks — Q2 2026 Earnings Presentation
20 slides from Vistance Networks's earnings presentation, Aug 6, 2026
Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results August 6, 2026
Slide 2: Important information
Important information Caution Regarding Forward Looking Statements This presentation includes certain statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amende
Slide 3: Ruckus Deal Closing
Ruckus Deal Closing • Ruckus transaction closed on July,1 2026 with gross proceeds of $1.846 billion • Board approved a $5.00 per share or $1.15 billion Special Distribution to be paid by the end of August 2026 − Distribution is expected to be treated as a return of capital • Post Distribution, we e
Slide 4: Second quarter operating results
Second quarter operating results • Aurora Networks Q2 Net Sales decreased slightly due to strong license sales in Q2 2025, partially offset by higher amplifier sales. − Q2 Net Sales of $319 million decreased 1% from prior year. • As expected, Aurora Adjusted EBITDA(1) of $46 million was down 43% ver
Slide 5: Second quarter results
Second quarter results(1) Vistance Networks Vistance Networks including Ruckus (In $millions) “Continuing Operations” (In $millions, except per share amounts) 2Q’25 2Q’26 Y/Y Change 2Q’25 2Q’26 Y/Y Change Results Results Results Results Net Sales $513 $497 -3% Net Sales $324 $320 -1% Adj. EBITDA(2)
Slide 6: Second quarter business highlights
Second quarter business highlights Business Segment Net Sales ($M) Y-Y% Adj. EBITDA(1) ($M) Y-Y% 2Q’25 2Q’26 2Q’25 2Q’26 $322 $319 Aurora Networks -1% -43% $80 $46 Observations • As expected, significant impact of high license revenue in Q2 2025, partially offset by higher amplifier revenue • Adjust
Slide 7: Cash flow update
Cash flow update (1) GAAP Cash Flow from Operations ($M) Free Cash Flow ($M) (2) $255 $281 $135 $151 $64 $77 $(75) $(73) $(227) $(229) 2Q’25 3Q’25 4Q’25 1Q’26 2Q’26 2Q’25 3Q’25 4Q’25 1Q’26 2Q’26 Use of cash during the second quarter driven by working capital needs and some Ruckus transaction expense
Slide 8: Strong, Unlevered Balance Sheet with Excess Cash
Strong, Unlevered Balance Sheet with Excess Cash • End of quarter cash on hand of $152(1) million up from $125 million estimate. • Paid out $2.26 billion or $10 per share in special distribution on April 27 • After the announced $5.00 per share or $1.15 million Special Distribution associated with t
Slide 9: Closing Remarks
Closing Remarks Chuck Treadway President and Chief Executive Officer 9
Slide 10: Appendix
VISTANCE NETWORKS Appendix
Slide 11: Condensed Consolidated Statements of Operations
Vistance Networks, Inc. Condensed Consolidated Statements of Operations (Unaudited -- In millions, except per share amounts) Three Months Ende d Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net sales $ 319.6 $ 324.1 $ 618.0 $ 559.7 Cost of sales 206.7 175.9 388.9 309.8 Gross profit 112.9 1
Slide 12: Condensed Consolidated Balance Sheets
Vistance Networks, Inc. Condensed Consolidated Balance Sheets (In millions, except share amounts) Unaudited June 30, 2026 December 31, 2025 Assets Cash and cash equivalents $ 113.6 $ 613.5 Accounts receivable, net of allowance for doubtful accounts of $0.5 and $1.2, respectively 280.5 273.4 Inventor
Slide 13: Condensed Consolidated Statements of Cash Flows
Vistance Networks, Inc. (1) Condensed Consolidated Statements of Cash Flows (Unaudited -- In millions) Thre e Mon th s Ende d Six Months Ende d Ju ne 30, June 30, 2026 2025 2026 2025 Operating Activities: Net income $ 295.2 $ 31.8 $ 5,803.1 $ 815.8 Adjustments to reconcile net income to net cash gen
Slide 14: Segment Information
Vistance Networks, Inc. Segment Information (Unaudited -- In millions) Segment Net Sales Sales and Aurora (1) $ Q2 2026 319.2 $ Q2 2025 322.5 % Change YOY (1.0) % Adjusted EBITDA Corporate and other Total net sales (2) $ 0.4 319.6 $ 1.6 324.1 (75.0) (1.4) % by Segment Segment Adjusted EBITDA (3) % C
Slide 15: Sales by Region
Vistance Networks, Inc. Sales by Region (Unaudited -- In millions) Sales by Region Sales by Region % Change Q2 2026 Q2 2025 YOY United States $ 258.1 $ 255.4 1.1 % Europe, Middle East and Africa 14.6 19.8 (26.3) Asia Pacific 14.8 14.4 2.8 Caribbean and Latin America 17.1 16.8 1.8 Canada 15.0 17.7 (1
Slide 16: Free Cash Flow Reconciliation
Free Cash Flow Vistance Networks, Inc. Reconciliation Free Cash Flow (Unaudited -- In millions) (1) Free Cash Flow Q2 Q3 Q4 Q1 Q2 2025 2025 2025 2026 2026 Cash flow from operations $ 77.1 $ 151.4 $ 281.3 $ (226.6) $ (72.7) Capital expenditures (12.6) (16.4) (25.8) (2.2) (2.0) Free cash flow $ 64.5 $
Slide 17: Adjusted EBITDA and Adjusted Net Income Reconciliation
Vistance Networks, Inc. Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures (Unaudited -- In millions, except per share amounts) Three Months Ended June 30, 2026 2025 Income from continuing operations, as reported $ 26.1 $ 5.9 Income tax expense (benefit), as reported (28.7) 2.5 Adjusted E
Slide 18: Adjusted EBITDA Reconciliation by Segment
Vistance Networks, Inc. Reconciliation of GAAP to Segment Adjusted EBITDA (Unaudited -- In millions) Second Quarter 2026 Segment Adjusted EBITDA Reconciliation Corporate and (1) Aurora other Total Operating income (loss), as reported $ 7.0 $ (15.9) $ (8.9) Adjusted EBITDA Amortization of purchased i
Slide 19: Adjusted Gross Profit and Adjusted Operating Expense Reconciliations
Vistance Networks, Inc. Adjusted Gross Profit and Adjusted Operating Expense (Unaudited -- In millions) Adjusted Gross GAAP to Non-GAAP Adjusted Gross Profit Profit and Adjusted Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Gross profit, as reported $ 148.2 $ 120.4 $ 129.2 $ 116.3 $ 112.9 Equity-based com
Slide 20: Adjusted EBITDA Outlook Reconciliation
Vistance Networks, Inc. Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures (Unaudited -- In millions) Adjusted EBITDA Outlook Reconciliation Outlook Range Adjusted EBITDA 2026 Aurora operating income $ 70 $ 85 Adjustments: Outlook Amortization of purchased intangible assets 79 79 Equity-b