Viavi Solutions Inc. (VIAV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 406.8M | 369.3M | 299.1M | 290.5M | 284.8M | 270.8M | 238.2M | 252M | 246M | 254.5M | 247.9M | 263.6M | 247.8M | 284.5M | 310.2M | 335.3M | 315.5M | 314.8M | 326.8M | 310.9M |
| Revenue Growth % | 42.84% | 36.37% | 25.57% | 15.28% | 15.77% | 6.4% | -3.91% | -4.4% | -0.73% | -10.54% | -20.08% | -21.38% | -21.46% | -9.63% | -5.08% | 7.85% | 3.99% | 4.97% | 14.79% | 16.62% |
| Cost of Goods Sold | 180.1M | 165M | 131.6M | 128.5M | 125.3M | 111M | 103.2M | 107.7M | 109.6M | 107.7M | 105.6M | 119.8M | 108.9M | 119.7M | 127.6M | 136.4M | 130.8M | 126.9M | 134.5M | 136.4M |
| COGS % of Revenue | 44.27% | 44.68% | 44% | 44.23% | 44% | 40.99% | 43.32% | 42.74% | 44.55% | 42.32% | 42.6% | 45.45% | 43.95% | 42.07% | 41.13% | 40.68% | 41.46% | 40.31% | 41.16% | 43.87% |
| Gross Profit | 226.7M | 204.3M | 167.5M | 162M | 159.5M | 159.8M | 135M | 144.3M | 136.4M | 146.8M | 142.3M | 143.8M | 138.9M | 164.8M | 182.6M | 198.9M | 184.7M | 187.9M | 192.3M | 174.5M |
| Gross Margin % | 55.73% | 55.32% | 56% | 55.77% | 56% | 59.01% | 56.68% | 57.26% | 55.45% | 57.68% | 57.4% | 54.55% | 56.05% | 57.93% | 58.87% | 59.32% | 58.54% | 59.69% | 58.84% | 56.13% |
| Gross Profit Growth % | 42.13% | 27.85% | 24.07% | 12.27% | 16.94% | 8.86% | -5.13% | 0.35% | -1.8% | -10.92% | -22.07% | -27.7% | -24.8% | -12.29% | -5.04% | 13.98% | 6.33% | 9.24% | 19.52% | 19.6% |
| Operating Expenses | 184.6M | 174.4M | 145.4M | 144.7M | 135.5M | 137.5M | 127.7M | 136.8M | 148.8M | 130.4M | 128.5M | 125.7M | 132.7M | 140.6M | 132.3M | 150.9M | 143.9M | 138.7M | 145.1M | 143.5M |
| OpEx % of Revenue | 45.38% | 47.22% | 48.61% | 49.81% | 47.58% | 50.78% | 53.61% | 54.29% | 60.49% | 51.24% | 51.84% | 47.69% | 53.55% | 49.42% | 42.65% | 45% | 45.61% | 44.06% | 44.4% | 46.16% |
| Selling, General & Admin | 113.6M | 108.5M | 89.4M | 87.5M | 85.5M | 85.4M | 78.3M | 84.3M | 98.8M | 80.9M | 78.6M | 74.1M | 81.9M | 88.7M | 79.7M | 96.7M | 89M | 88.2M | 91.5M | 91.4M |
| SG&A % of Revenue | 27.93% | 29.38% | 29.89% | 30.12% | 30.02% | 31.54% | 32.87% | 33.45% | 40.16% | 31.79% | 31.71% | 28.11% | 33.05% | 31.18% | 25.69% | 28.84% | 28.21% | 28.02% | 28% | 29.4% |
| Research & Development | 71M | 65.9M | 56M | 57.2M | 50M | 52.1M | 49.4M | 52.5M | 50M | 49.5M | 49.9M | 51.6M | 50.8M | 51.9M | 52.6M | 54.2M | 54.9M | 50.5M | 53.6M | 52.1M |
| R&D % of Revenue | 17.45% | 17.84% | 18.72% | 19.69% | 17.56% | 19.24% | 20.74% | 20.83% | 20.33% | 19.45% | 20.13% | 19.58% | 20.5% | 18.24% | 16.96% | 16.16% | 17.4% | 16.04% | 16.4% | 16.76% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 42.1M | 29.9M | 22.1M | 17.3M | 24M | 22.3M | 7.3M | 7.5M | -12.4M | 16.4M | 13.8M | 18.1M | 6.2M | 24.2M | 50.3M | 48M | 40.8M | 49.2M | 47.2M | 31M |
| Operating Margin % | 10.35% | 8.1% | 7.39% | 5.96% | 8.43% | 8.23% | 3.06% | 2.98% | -5.04% | 6.44% | 5.57% | 6.87% | 2.5% | 8.51% | 16.22% | 14.32% | 12.93% | 15.63% | 14.44% | 9.97% |
| Operating Income Growth % | 75.42% | 34.08% | 202.74% | 130.67% | 293.55% | 35.98% | -47.1% | -58.56% | -300% | -32.23% | -72.56% | -62.29% | -84.8% | -50.81% | 6.57% | 54.84% | 22.89% | 20% | 53.75% | 42.2% |
| EBITDA | 72.8M | 58.7M | 40.3M | 35.2M | 40.6M | 36.4M | 21.4M | 21.7M | 2.2M | 30.9M | 29.2M | 36M | 23.5M | 40.7M | 68.1M | 66.3M | 62.7M | 68.1M | 66.7M | 56.7M |
| EBITDA Margin % | 17.9% | 15.89% | 13.47% | 12.12% | 14.26% | 13.44% | 8.98% | 8.61% | 0.89% | 12.14% | 11.78% | 13.66% | 9.48% | 14.31% | 21.95% | 19.77% | 19.87% | 21.63% | 20.41% | 18.24% |
| EBITDA Growth % | 79.31% | 61.26% | 88.32% | 62.21% | 1745.45% | 17.8% | -26.71% | -39.72% | -90.64% | -24.08% | -57.12% | -45.7% | -62.52% | -40.23% | 2.1% | 16.93% | 6.27% | 2.71% | 18.68% | 17.15% |
| D&A (Non-Cash Add-back) | 30.7M | 28.8M | 18.2M | 17.9M | 16.6M | 14.1M | 14.1M | 14.2M | 14.6M | 14.5M | 15.4M | 17.9M | 17.3M | 16.5M | 17.8M | 18.3M | 21.9M | 18.9M | 19.5M | 25.7M |
| EBIT | 42.1M | 29.9M | 22.1M | 17.3M | 24M | 22.3M | 7.3M | -2M | -7.9M | 26.2M | 26.2M | 14.5M | -2.7M | 25.1M | 50.9M | 48.4M | 35M | 44M | -37.6M | 35.2M |
| Net Interest Income | -11M | -15.3M | -7.4M | -7.5M | -7.5M | -7.5M | -7.5M | -7.5M | -7.7M | -7.9M | -7.8M | -8.1M | -6.7M | -6.2M | -6.1M | -6.2M | -6.4M | -7.1M | -3.6M | -3.9M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 11M | 15.3M | 7.4M | 7.5M | 7.5M | 7.5M | 7.5M | 7.5M | 7.7M | 7.9M | 7.8M | 8.1M | 6.7M | 6.2M | 6.1M | 6.2M | 6.4M | 7.1M | 3.6M | 3.9M |
| Other Income/Expense | -28.3M | -68.3M | -24.5M | -7.1M | -20.8M | -3.7M | -100K | -17M | -3.2M | 1.9M | 4.6M | -11.7M | -15.6M | -5.3M | -5.5M | -7.2M | -12.2M | -12.3M | -88.4M | 300K |
| Pretax Income | 13.8M | -38.4M | -2.4M | 10.2M | 3.2M | 18.6M | 7.2M | -9.5M | -15.6M | 18.3M | 18.4M | 6.4M | -9.4M | 18.9M | 44.8M | 40.8M | 28.6M | 36.9M | -41.2M | 31.3M |
| Pretax Margin % | 3.39% | -10.4% | -0.8% | 3.51% | 1.12% | 6.87% | 3.02% | -3.77% | -6.34% | 7.19% | 7.42% | 2.43% | -3.79% | 6.64% | 14.44% | 12.17% | 9.06% | 11.72% | -12.61% | 10.07% |
| Income Tax | 7.4M | 9.7M | 19M | 2.2M | -16.3M | 9.5M | 9M | 12.2M | 9M | 7.6M | 8.6M | 6.5M | 6M | 10.5M | 12.2M | 24.3M | 9.4M | 2.3M | 13.6M | 28M |
| Effective Tax Rate % | 53.62% | -25.26% | -791.67% | 21.57% | -509.38% | 51.08% | 125% | -128.42% | -57.69% | 41.53% | 46.74% | 101.56% | -63.83% | 55.56% | 27.23% | 59.56% | 32.87% | 6.23% | -33.01% | 89.46% |
| Net Income | 6.4M | -48.1M | -21.4M | 8M | 19.5M | 9.1M | -1.8M | -21.7M | -24.6M | 10.7M | 9.8M | -100K | -15.4M | 8.4M | 32.6M | 16.5M | 19.2M | 34.6M | -54.8M | 3.3M |
| Net Margin % | 1.57% | -13.02% | -7.15% | 2.75% | 6.85% | 3.36% | -0.76% | -8.61% | -10% | 4.2% | 3.95% | -0.04% | -6.21% | 2.95% | 10.51% | 4.92% | 6.09% | 10.99% | -16.77% | 1.06% |
| Net Income Growth % | -67.18% | -628.57% | -1088.89% | 136.87% | 179.27% | -14.95% | -118.37% | -21600% | -59.74% | 27.38% | -69.94% | -100.61% | -180.21% | -75.72% | 159.49% | 400% | 11.63% | 26.74% | -378.17% | -87.64% |
| Net Income (Continuing) | 6.4M | -48.1M | -21.4M | 8M | 19.5M | 9.1M | -1.8M | -21.7M | -24.6M | 10.7M | 9.8M | -100K | -15.4M | 8.4M | 32.6M | 16.5M | 19.2M | 34.6M | -54.8M | 3.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.03 | -0.21 | -0.10 | 0.04 | 0.09 | 0.04 | -0.01 | -0.10 | -0.11 | 0.05 | 0.04 | -0.00 | -0.07 | 0.04 | 0.14 | 0.07 | 0.08 | 0.15 | -0.24 | -0.01 |
| EPS Growth % | -70.2% | -618.52% | - | 136.14% | 178.09% | -15.45% | -118.54% | - | -60.12% | 29.46% | -68.79% | -100.7% | -184.71% | -75.33% | 158.33% | - | 15.86% | 25% | -400% | -106.92% |
| EPS (Basic) | 0.03 | -0.21 | -0.10 | 0.04 | 0.09 | 0.04 | -0.01 | -0.10 | -0.11 | 0.05 | 0.04 | -0.00 | -0.07 | 0.04 | 0.14 | 0.07 | 0.08 | 0.15 | -0.24 | -0.01 |
| Diluted Shares Outstanding | 249.5M | 223.9M | 222.9M | 227M | 226.9M | 224.8M | 222M | 222.9M | 223M | 223.5M | 224.2M | 222.2M | 224.1M | 227.1M | 230.4M | 231.3M | 236.8M | 242.3M | 231.1M | 228.4M |
| Basic Shares Outstanding | 232M | 223.9M | 222.9M | 223.2M | 222.6M | 222M | 222M | 222.9M | 223M | 222.5M | 222M | 222.2M | 224.1M | 225.9M | 226.3M | 227.3M | 229.2M | 236M | 228.33M | 228.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |