Viavi Solutions Inc.(VIAV)Earnings, Financials & Key Ratios

VIAV•NASDAQ

$53.00

$12.26B mkt cap·353.3× P/E·Price updated May 6, 2026

SectorTechnology IndustryCommunication Equipment Sub-IndustryNetwork Test, Timing, and Assurance

AboutViavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments. The NE segment offers testing solutions that access the network to perform build-out and maintenance tasks. This segment provides solutions that include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks; and instrumentation for communication and safety. It also offers support and professional services, such as repair, calibration, software support, and technical assistance for the products; and system integration projects, including project management, installation, and implementation, as well as product and technology training, and consulting services. The SE segment provides embedded systems and enterprise performance management solutions for communication service providers, enterprises, and cloud operators with visibility into network, service, and application data. Its solutions include instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization. The OSP segment offers optical products for anti-counterfeiting, consumer and industrial, government, automotive, and industrial markets. The company was formerly known as JDS Uniphase Corporation and changed its name to Viavi Solutions Inc. in August 2015. Viavi Solutions Inc. was founded in 1923 and is headquartered in Scottsdale, Arizona.Show more

Revenue$1.08B+8.4%
EBITDA$134M+31.4%
Net Income$35M+234.9%
EPS (Diluted)0.15+225.0%
Gross Margin56.84%-0.2%
EBITDA Margin12.32%+21.2%
Operating Margin6.54%+52.1%
Net Margin3.21%+224.4%
ROE4.76%+226.6%
ROIC5.46%+57.8%
Debt/Equity0.89-12.0%
Interest Coverage2.36+71.8%

Analysis→Technical→

VIAV Key Insights

Viavi Solutions Inc. (VIAV) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Momentum leader: RS Rating 98 (top 2%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Thin 5Y average net margin of 2.0%
✗Expensive at 15.3x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

VIAV Price & Volume

Viavi Solutions Inc. (VIAV) stock price & volume — 10-year historical chart

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VIAV Growth Metrics

Viavi Solutions Inc. (VIAV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.18%

5 Years-0.93%

3 Years-5.68%

TTM30.59%

Profit CAGR

10 Years-

5 Years3.93%

3 Years30.94%

TTM-1180.39%

EPS CAGR

10 Years-

5 Years4.56%

3 Years32.08%

TTM-1273.21%

Return on Capital

10 Years5.3%

5 Years7.63%

3 Years4.82%

Last Year4.9%

VIAV Recent Earnings

Viavi Solutions Inc. (VIAV) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

Apr 29, 2026

EPS

$0.27

Est $0.24

+12.5%

Revenue

$407M

Est $394M

+3.3%

Q1 2026

Jan 28, 2026

EPS

$0.22

Est $0.19

+15.8%

Revenue

$369M

Est $365M

+1.1%

Q4 2025

Oct 29, 2025

EPS

$0.15

Est $0.13

+15.4%

Revenue

$299M

Est $302M

-0.9%

Q3 2025

Aug 7, 2025

EPS

$0.13

Est $0.12

+8.3%

Revenue

$291M

Est $285M

+1.9%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 29, 2026	$0.27vs $0.24+12.5%	$407Mvs $394M+3.3%
Q1 2026	Jan 28, 2026	$0.22vs $0.19+15.8%	$369Mvs $365M+1.1%
Q4 2025	Oct 29, 2025	$0.15vs $0.13+15.4%	$299Mvs $302M-0.9%
Q3 2025	Aug 7, 2025	$0.13vs $0.12+8.3%	$291Mvs $285M+1.9%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
KEYSKeysight Technologies, Inc.Direct Competitor	62.89B	366.68	75.14	7.95%	16.88%	15.44%	0.51
LITELumentum Holdings Inc.Direct Competitor	67.42B	944.28	2552.11	21.03%	17.68%	30.68%	2.30
CIENCiena CorporationDirect Competitor	81.59B	576.79	678.58	18.79%	4.47%	8.26%	0.58
NTCTNetScout Systems, Inc.Direct Competitor	2.57B	35.52	-7.02	-0.82%	11.13%	6.07%	0.05
CSCOCisco Systems, Inc.Product Competitor	362.87B	91.63	35.93	5.3%	18.76%	23.21%	0.63
ADTNADTRAN Holdings, Inc.Product Competitor	1.27B	15.71	-27.56	17.46%	-2.64%	-5.53%	0.47
CALXCalix, Inc.Product Competitor	2.86B	44.34	170.54	20.26%	3.2%	4.25%	0.03
COHRCoherent, Inc.Supply Chain	54.66B	344.67	-662.83	23.42%	10.59%	6.94%	0.46

Compare VIAV vs Peers

Viavi Solutions Inc. (VIAV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KEYS

Most directly comparable listed peer for VIAV.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare VIAV against a more recognizable public peer.

Peer Set

Compare Top 5

vs KEYS, LITE, CIEN, NTCT

VIAV Income Statement

Viavi Solutions Inc. (VIAV) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jul'21	Jul'22	Jul'23	Jun'24	Jun'25	TTM
Sales/Revenue	811.4M	875.7M	1.13B	1.14B	1.2B	1.29B	1.11B	1B	1.08B	1.37B
Revenue Growth %	-10.47%	7.92%	29.07%	0.53%	5.51%	7.8%	-14.41%	-9.56%	8.39%	30.59%
Cost of Goods Sold	339.4M	408.3M	517M	506.1M	517.8M	528.6M	476M	430.8M	468M	605.2M
COGS % of Revenue	41.83%	46.63%	45.74%	44.54%	43.19%	40.9%	43.03%	43.06%	43.16%	-
Gross Profit	472M▲ 0%	467.4M▼ 1.0%	613.3M▲ 31.2%	630.2M▲ 2.8%	681.1M▲ 8.1%	763.8M▲ 12.1%	630.1M▼ 17.5%	569.6M▼ 9.6%	616.3M▲ 8.2%	760.5M▲ 0%
Gross Margin %	58.17%	53.37%	54.26%	55.46%	56.81%	59.1%	56.97%	56.94%	56.84%	55.69%
Gross Profit Growth %	-11.79%	-0.97%	31.22%	2.76%	8.08%	12.14%	-17.5%	-9.6%	8.2%	-
Operating Expenses	436.8M	457.2M	536.4M	540.1M	545.2M	578.6M	531M	526.6M	545.4M	649.1M
OpEx % of Revenue	53.83%	52.21%	47.46%	47.53%	45.48%	44.77%	48.01%	52.64%	50.3%	-
Selling, General & Admin	300.5M	323.9M	349.4M	346.5M	342.2M	365.4M	324.1M	324.7M	336.7M	399M
SG&A % of Revenue	37.03%	36.99%	30.91%	30.49%	28.54%	28.27%	29.3%	32.46%	31.05%	-
Research & Development	136.3M	133.3M	187M	193.6M	203M	213.2M	206.9M	201.9M	208.7M	250.1M
R&D % of Revenue	16.8%	15.22%	16.54%	17.04%	16.93%	16.5%	18.71%	20.18%	19.25%	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income	35.2M▲ 0%	10.2M▼ 71.0%	76.9M▲ 653.9%	90.1M▲ 17.2%	135.9M▲ 50.8%	185.2M▲ 36.3%	99.1M▼ 46.5%	43M▼ 56.6%	70.9M▲ 64.9%	111.4M▲ 0%
Operating Margin %	4.34%	1.16%	6.8%	7.93%	11.34%	14.33%	8.96%	4.3%	6.54%	8.16%
Operating Income Growth %	100%	-71.02%	653.92%	17.17%	50.83%	36.28%	-46.49%	-56.61%	64.88%	-
EBITDA	92.9M	93.6M	189.1M	197.9M	238.2M	260.6M	168.6M	101.7M	133.6M	207M
EBITDA Margin %	11.45%	10.69%	16.73%	17.42%	19.87%	20.16%	15.24%	10.17%	12.32%	15.16%
EBITDA Growth %	6.05%	0.75%	102.03%	4.65%	20.36%	9.4%	-35.3%	-39.68%	31.37%	72.36%
D&A (Non-Cash Add-back)	57.7M	83.4M	112.2M	107.8M	102.3M	75.4M	69.5M	58.7M	62.7M	95.6M
EBIT	229.8M	11.6M	73.6M	127.7M	145.5M	88.4M	87.8M	42.5M	70.9M	111.4M
Net Interest Income	-32.1M	-31.3M	-26.2M	-26.6M	-11.8M	-19.9M	-16.9M	-12M	-16.9M	-41.2M
Interest Income	11.1M	16M	8.1M	7.1M	2.9M	3.4M	10.2M	18.9M	13.1M	0
Interest Expense	43.2M	47.3M	34.3M	33.7M	14.7M	23.3M	27.1M	30.9M	30M	41.2M
Other Income/Expense	151.4M	-45.9M	-37.6M	3.9M	-5.1M	-120.1M	-38.4M	-31.4M	-31.7M	-128.2M
Pretax Income	186.6M▲ 0%	-35.7M▼ 119.1%	39.3M▲ 210.1%	94M▲ 139.2%	130.8M▲ 39.1%	65.1M▼ 50.2%	60.7M▼ 6.8%	11.6M▼ 80.9%	39.2M▲ 237.9%	-16.8M▲ 0%
Pretax Margin %	23%	-4.08%	3.48%	8.27%	10.91%	5.04%	5.49%	1.16%	3.62%	-1.23%
Income Tax	21.3M	12.9M	31.5M	65.3M	63.3M	49.6M	35.2M	37.4M	4.4M	38.3M
Effective Tax Rate %	11.41%	-36.13%	80.15%	69.47%	48.39%	76.19%	57.99%	322.41%	11.22%	-227.98%
Net Income	166.9M▲ 0%	-48.6M▼ 129.1%	5.4M▲ 111.1%	28.7M▲ 431.5%	67.5M▲ 135.2%	15.5M▼ 77.0%	25.5M▲ 64.5%	-25.8M▼ 201.2%	34.8M▲ 234.9%	-55.1M▲ 0%
Net Margin %	20.57%	-5.55%	0.48%	2.53%	5.63%	1.2%	2.31%	-2.58%	3.21%	-4.03%
Net Income Growth %	268.25%	-129.12%	111.11%	431.48%	135.19%	-77.04%	64.52%	-201.18%	234.88%	-1180.39%
Net Income (Continuing)	165.3M	-48.6M	7.8M	28.7M	67.5M	15.5M	25.5M	-25.8M	34.8M	-55.1M
Discontinued Operations	1.6M	0	-2.4M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.71▲ 0%	-0.20▼ 128.2%	0.03▲ 116.9%	0.12▲ 256.1%	0.29▲ 141.7%	0.07▼ 77.6%	0.11▲ 69.0%	-0.12▼ 209.1%	0.15▲ 225.0%	-0.22▲ 0%
EPS Growth %	269.05%	-128.17%	116.85%	256.08%	141.67%	-77.55%	68.97%	-209.09%	225%	-1273.21%
EPS (Basic)	0.73	-0.20	0.03	0.13	0.30	0.07	0.11	-0.12	0.16	-
Diluted Shares Outstanding	234.5M	227.1M	231.2M	233.7M	236.3M	238.2M	226.6M	222.6M	225.7M	249.5M
Basic Shares Outstanding	229.9M	227.1M	228.1M	229.4M	228.7M	230.9M	224.6M	222.6M	222.5M	232M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

VIAV Balance Sheet

Viavi Solutions Inc. (VIAV) balance sheet — assets, liabilities & shareholders' equity

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jul'21	Jul'22	Jul'23	Jun'24	Jun'25	TTM
Total Current Assets	1.67B	1.15B	916.8M	913.6M	1.11B	1.01B	945M	876.5M	885.2M	1.05B
Cash & Short-Term Investments	1.44B	780.7M	523M	544M	699.4M	561.3M	521.1M	491.2M	425.3M	500.8M
Cash Only	1B	611.4M	521.5M	542.5M	697.8M	559.9M	506.5M	471.3M	423.6M	499M
Short-Term Investments	432.2M	169.3M	1.5M	1.5M	1.6M	1.4M	14.6M	19.9M	1.7M	1.8M
Accounts Receivable	120.4M	218.6M	237.7M	260.7M	275.6M	285.8M	263.9M	244.9M	293.2M	320.3M
Days Sales Outstanding	54.16	91.11	76.76	83.74	83.91	80.72	87.08	89.35	98.7	80.7
Inventory	48M	92.3M	102.7M	83.3M	94.9M	110.1M	116.1M	96.5M	117.9M	147.9M
Days Inventory Outstanding	51.62	82.51	72.51	60.08	66.9	76.02	89.03	81.76	91.95	80.11
Other Current Assets	53.7M	52.6M	39.2M	14.7M	18.7M	20.1M	17.6M	19.7M	21.1M	84.7M
Total Non-Current Assets	443.5M	870M	898.3M	862.7M	849.3M	822.8M	905.5M	860.2M	1.11B	1.47B
Property, Plant & Equipment	136.9M	170.5M	179.9M	172.5M	196M	228.9M	243M	264M	266M	222.5M
Fixed Asset Turnover	5.93x	5.14x	6.28x	6.59x	6.12x	5.65x	4.55x	3.79x	4.08x	5.54x
Goodwill	151.6M	336.3M	381.1M	381.4M	396.5M	387.6M	455.2M	452.9M	595.7M	701.8M
Intangible Assets	31.1M	235.1M	211.6M	148.1M	88M	54.2M	58.6M	38.6M	131.6M	398M
Long-Term Investments	5.1M	700K	600K	500K	0	9.9M	4.9M	0	3M	9M
Other Non-Current Assets	9.3M	12.9M	16.7M	54.8M	59.5M	55.9M	56.8M	22.2M	25.1M	193.7M
Total Assets	2.11B▲ 0%	2.02B▼ 4.2%	1.82B▼ 10.3%	1.78B▼ 2.1%	1.96B▲ 10.4%	1.83B▼ 6.8%	1.85B▲ 1.2%	1.74B▼ 6.2%	1.99B▲ 14.8%	2.53B▲ 0%
Asset Turnover	0.38x	0.43x	0.62x	0.64x	0.61x	0.71x	0.60x	0.58x	0.54x	0.58x
Asset Growth %	25.39%	-4.16%	-10.26%	-2.14%	10.42%	-6.81%	1.24%	-6.17%	14.83%	126.44%
Total Current Liabilities	228.8M	561.2M	284M	232.8M	747.4M	369.3M	343.5M	247.1M	589.7M	652.5M
Accounts Payable	32.6M	55.5M	63.4M	53M	63.2M	58.3M	47.2M	50.4M	68.8M	81.7M
Days Payables Outstanding	35.06	49.61	44.76	38.22	44.55	40.26	36.19	42.7	53.66	46.51
Short-Term Debt	0	275.3M	1.3M	14.6M	456.6M	68.4M	96.2M	0	246.2M	244.5M
Deferred Revenue (Current)	60.2M	71.9M	55.3M	55.1M	70.1M	81M	78.6M	65.7M	74.1M	307.1M
Other Current Liabilities	51.7M	162.6M	152.1M	48M	10.9M	16.1M	56.5M	15.8M	69.4M	241.1M
Current Ratio	7.29x	2.05x	3.23x	3.92x	1.49x	2.72x	2.75x	3.55x	1.50x	1.50x
Quick Ratio	7.08x	1.89x	2.87x	3.57x	1.36x	2.42x	2.41x	3.16x	1.30x	1.30x
Cash Conversion Cycle	70.72	124.01	104.5	105.59	106.25	116.48	139.92	128.41	136.99	114.29
Total Non-Current Liabilities	1.1B	740.7M	805.3M	832.1M	450.1M	786.9M	816.2M	807.6M	623.9M	1.03B
Long-Term Debt	931.4M	557.9M	578.8M	600.9M	224.1M	616.5M	629.5M	636M	396.3M	836.3M
Capital Lease Obligations	27.8M	26.8M	25.5M	44.3M	46.9M	49.5M	45.2M	41.4M	39.6M	127.6M
Deferred Tax Liabilities	-14M	20.1M	14.6M	23.9M	24.3M	9.5M	13.9M	11.7M	6M	22.7M
Other Non-Current Liabilities	120.3M	154M	173.2M	143M	135M	92M	104.2M	92.8M	153.8M	632.4M
Total Liabilities	1.32B	1.3B	1.09B	1.06B	1.2B	1.16B	1.16B	1.05B	1.21B	1.68B
Total Debt	931.4M	833.2M	578.8M	659.8M	739.2M	744.5M	781M	687.2M	692.3M	1.08B
Net Debt	-73M	221.8M	57.3M	117.3M	41.4M	184.6M	274.5M	215.9M	268.7M	581.8M
Debt / Equity	1.18x	1.16x	0.80x	0.93x	0.97x	1.11x	1.13x	1.01x	0.89x	0.89x
Debt / EBITDA	10.03x	8.90x	3.06x	3.33x	3.10x	2.86x	4.63x	6.76x	5.18x	5.22x
Net Debt / EBITDA	-0.79x	2.37x	0.30x	0.59x	0.17x	0.71x	1.63x	2.12x	2.01x	2.01x
Interest Coverage	5.32x	0.25x	2.15x	3.79x	9.90x	3.79x	3.24x	1.38x	2.36x	2.70x
Total Equity	786.4M▲ 0%	720.7M▼ 8.4%	725.8M▲ 0.7%	711.4M▼ 2.0%	763.9M▲ 7.4%	671.7M▼ 12.1%	690.8M▲ 2.8%	681.6M▼ 1.3%	780.2M▲ 14.5%	846.5M▲ 0%
Equity Growth %	14.09%	-8.35%	0.71%	-1.98%	7.38%	-12.07%	2.84%	-1.33%	14.47%	55.91%
Book Value per Share	3.35	3.17	3.14	3.04	3.23	2.82	3.05	3.06	3.46	3.39
Total Shareholders' Equity	786.4M	720.7M	725.8M	711.4M	763.9M	671.7M	690.8M	681.6M	780.2M	846.5M
Common Stock	200K	200K	200K	200K	200K	200K	200K	200K	200K	200K
Retained Earnings	-69.31B	-69.39B	-69.38B	-69.4B	-69.32B	-69.54B	-69.6B	-69.65B	-69.63B	-69.72B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-92.4M	-102.4M	-134.6M	-165.9M	-97.2M	-156.4M	-136M	-144M	-109.8M	-116M
Minority Interest	0	0	0	0	0	0	0	0	0	0

VIAV Cash Flow Statement

Viavi Solutions Inc. (VIAV) cash flow — operating, investing & free cash flow history

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jul'21	Jul'22	Jul'23	Jun'24	Jun'25	TTM
Cash from Operations	80M	66M	138.8M	135.6M	243.3M	178.1M	114.1M	116.4M	89.8M	89.8M
Operating CF Margin %	9.86%	7.54%	12.28%	11.93%	20.29%	13.78%	10.32%	11.64%	8.28%	-
Operating CF Growth %	51.23%	-17.5%	110.3%	-2.31%	79.42%	-26.8%	-35.93%	2.02%	-22.85%	-321.63%
Net Income	166.9M	-46M	5.4M	28.7M	67.5M	15.5M	25.5M	-25.8M	34.8M	-55.1M
Depreciation & Amortization	57.7M	83.4M	112.2M	107.8M	102.3M	75.4M	69.5M	58.7M	62.7M	95.6M
Stock-Based Compensation	33.2M	30.5M	38.2M	44.6M	48.3M	52.3M	51.2M	49.4M	53.1M	53.8M
Deferred Taxes	1.5M	-6.3M	1.9M	100K	600K	-10.5M	4.8M	300K	0	9.5M
Other Non-Cash Items	-157.6M	52.3M	21.9M	-3.6M	-100K	119.4M	8M	16.8M	-2.2M	11M
Working Capital Changes	-21.7M	-47.9M	-40.8M	-42M	24.7M	-74M	-44.9M	17M	-58.6M	-43.8M
Change in Receivables	24.5M	-54.3M	-15.2M	-5.1M	-15M	-18.3M	37.4M	13.9M	-34.1M	-64.7M
Change in Inventory	-1.6M	-4.5M	-15.4M	3.7M	-14.3M	-27.7M	-10.7M	10.5M	-7.5M	-44.5M
Change in Payables	-14.8M	13.2M	8.7M	-9.2M	7M	-5.6M	-9.4M	3.2M	14.6M	12.3M
Cash from Investing	113.7M	-281.6M	80.6M	-29.8M	-48.7M	-71M	-127.1M	-21.6M	-128.4M	-405M
Capital Expenditures	-38.6M	-42.5M	-45M	-31.9M	-52.1M	-72.5M	-51.1M	-19.5M	-27.8M	-25.5M
CapEx % of Revenue	4.76%	4.85%	3.98%	2.81%	4.35%	5.61%	4.62%	1.95%	2.56%	-
Acquisitions	5.9M	-509.9M	-47M	-2.5M	3.4M	-8.3M	-68M	3.4M	-121.6M	-403M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	6.1M	10.7M	-39.6M	4.6M	0	9.8M	5.1M	0	2.1M	2.3M
Cash from Financing	325.3M	-180.5M	-300.4M	-71.7M	-58.8M	-210.4M	-50M	-125.7M	-23.6M	449.1M
Debt Issued (Net)	414.6M	-131.3M	-278.6M	0	-4M	400M	49.9M	-96.6M	-200K	741.4M
Equity Issued (Net)	-106.3M	-35.9M	-5.8M	-44.4M	-53.5M	-235.9M	-83.9M	-20M	-16.4M	-27.4M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-92M	-40.8M	-11.2M	-44.4M	-42.2M	-235.9M	-83.9M	-20M	-16.4M	-30.1M
Other Financing	2.7M	-13.3M	-16M	-27.3M	-1.3M	-374.5M	-16M	-9.1M	-7M	-264.9M
Net Change in Cash	521.3M▲ 0%	-398.1M▼ 176.4%	-93.9M▲ 76.4%	17M▲ 118.1%	161M▲ 847.1%	-135.6M▼ 184.2%	-57.2M▲ 57.8%	-33.8M▲ 40.9%	-49.7M▼ 47.0%	128.6M▲ 0%
Free Cash Flow	41.4M▲ 0%	23.5M▼ 43.2%	93.8M▲ 299.1%	103.7M▲ 10.6%	191.2M▲ 84.4%	105.6M▼ 44.8%	63M▼ 40.3%	96.9M▲ 53.8%	62M▼ 36.0%	45.5M▲ 0%
FCF Margin %	5.1%	2.68%	8.3%	9.13%	15.95%	8.17%	5.7%	9.69%	5.72%	3.33%
FCF Growth %	137.93%	-43.24%	299.15%	10.55%	84.38%	-44.77%	-40.34%	53.81%	-36.02%	-31.16%
FCF per Share	0.18	0.10	0.41	0.44	0.81	0.44	0.28	0.44	0.27	0.27
FCF Conversion (FCF/Net Income)	0.48x	-1.36x	25.70x	4.72x	3.60x	11.49x	4.47x	-4.51x	2.58x	-0.83x
Interest Paid	6.7M	11.2M	11.8M	11.3M	12.3M	17.9M	22M	23.9M	22.9M	0
Taxes Paid	23.1M	24.4M	29.8M	50.6M	36.7M	77.1M	47.5M	30.9M	29.5M	0

VIAV Key Ratios

Viavi Solutions Inc. (VIAV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	22.62%	-6.45%	0.75%	3.99%	9.15%	2.16%	3.74%	-3.76%	4.76%	-6.92%
Return on Invested Capital (ROIC)	3.5%	0.92%	6.68%	8.38%	12.48%	16.72%	8.16%	3.46%	5.46%	5.46%
Gross Margin	58.17%	53.37%	54.26%	55.46%	56.81%	59.1%	56.97%	56.94%	56.84%	55.69%
Net Margin	20.57%	-5.55%	0.48%	2.53%	5.63%	1.2%	2.31%	-2.58%	3.21%	-4.03%
Debt / Equity	1.18x	1.16x	0.80x	0.93x	0.97x	1.11x	1.13x	1.01x	0.89x	0.89x
Interest Coverage	5.32x	0.25x	2.15x	3.79x	9.90x	3.79x	3.24x	1.38x	2.36x	2.70x
FCF Conversion	0.48x	-1.36x	25.70x	4.72x	3.60x	11.49x	4.47x	-4.51x	2.58x	-0.83x
Revenue Growth	-10.47%	7.92%	29.07%	0.53%	5.51%	7.8%	-14.41%	-9.56%	8.39%	30.59%

VIAV SEC Filings & Documents

Viavi Solutions Inc. (VIAV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 29, 2026·SEC

Material company update

Jan 28, 2026·SEC

Material company update

Dec 16, 2025·SEC

10-K Annual Reports

FY 2025

Aug 11, 2025·SEC

FY 2024

Aug 16, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2026

Jan 29, 2026·SEC

FY 2025

Oct 30, 2025·SEC

VIAV Frequently Asked Questions

Viavi Solutions Inc. (VIAV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Viavi Solutions Inc. (VIAV) reported $1.37B in revenue for fiscal year 2025. This represents a 1876% increase from $69.1M in 1996.

Viavi Solutions Inc. (VIAV) grew revenue by 8.4% over the past year. This is steady growth.

Viavi Solutions Inc. (VIAV) reported a net loss of $55.1M for fiscal year 2025.

Dividend & Returns

Viavi Solutions Inc. (VIAV) has a return on equity (ROE) of 4.8%. This is below average, suggesting room for improvement.

Viavi Solutions Inc. (VIAV) generated $45.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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