Viavi Solutions (NASDAQ:VIAV) Issues Q3 2026 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.220-4.000 for the period, compared to the consensus estimate of 0.140. The company issued revenue guidance of $386.0 million-$400.0 million, compared to the consensus revenue estimate of $354.9 million.

Viavi Solutions Trading Up 1.6%

NASDAQ:VIAV opened at $21.03 on Thursday. Viavi Solutions has a 52 week low of $8.10 and a 52 week high of $21.52. The firm has a 50-day moving average price of $18.18 and a two-hundred day moving average price of $14.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.74 and a current ratio of 1.99. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 300.43 and a beta of 0.94.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million during the quarter, compared to analyst estimates of $365.25 million. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.Viavi Solutions’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, equities analysts expect that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

VIAV has been the topic of a number of research analyst reports. Argus boosted their price target on shares of Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. UBS Group lifted their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Needham & Company LLC lifted their price target on shares of Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus upped their price objective on Viavi Solutions from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.78.

Insiders Place Their Bets

In related news, SVP Kevin Christopher Siebert sold 24,225 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.26, for a total value of $442,348.50. Following the sale, the senior vice president owned 49,225 shares in the company, valued at approximately $898,848.50. This trade represents a 32.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ilan Daskal sold 170,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $17.49, for a total value of $2,973,300.00. Following the transaction, the executive vice president owned 10,132 shares of the company’s stock, valued at approximately $177,208.68. The trade was a 94.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 606,226 shares of company stock worth $10,714,820 in the last three months. Insiders own 1.80% of the company’s stock.

More Viavi Solutions News

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Q2 results beat consensus — Viavi reported $0.22 EPS vs. $0.19 expected and revenue of $369.3M (up 36.4% YoY), demonstrating stronger-than-forecast growth that supports upside to near-term earnings momentum. Viavi Q2 Earnings and Call
• Positive Sentiment: Management raised Q3 fiscal 2026 guidance — Viavi issued substantially higher revenue guidance ($386M–$400M vs. consensus ≈ $355M) and an EPS range that exceeds Street expectations, signaling confidence in sustained demand and giving analysts cover to raise estimates. VIAVI Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: Analyst upgrade and higher price target — B. Riley raised its price target to $22 and coverage/upgrade activity has prompted buying interest; the market reaction (shares moved up after the upgrade) reinforces short-term positive technical momentum. B. Riley Increases Viavi Price Target Stock Up After Analyst Upgrade
• Positive Sentiment: New product from Inertial Labs (a Viavi company) — Launch of IRINS, a LEO‑aided inertial navigation system, expands Viavi’s addressable markets (defense, aerospace, secure timing/positioning) and showcases product diversification beyond test & measurement and optical/network solutions. Inertial Labs Launches IRINS
• Neutral Sentiment: Earnings call transcript and slide deck available — Investors can review management commentary and slides (channel mix, margin outlook, backlog) for detail; these materials will determine whether beat/guidance translate to sustainable margin expansion. Q2 2026 Earnings Call Transcript VIAVI Q2 Press Release / Slides
• Neutral Sentiment: Analyst/industry pieces note strategic repositioning — Coverage (Yahoo, Benzinga) discusses Viavi shifting its edge/platform strategy and potential upside to future earnings; useful for thematic longer-term thesis but not immediate catalysts. Yahoo: Quietly Repositioning Its Edge Platform Benzinga: Earnings Potential

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after purchasing an additional 18,910 shares during the last quarter. AQR Capital Management LLC boosted its position in Viavi Solutions by 110.5% during the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Viavi Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after buying an additional 5,775 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Viavi Solutions by 205.4% in the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after buying an additional 320,662 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Viavi Solutions in the 1st quarter valued at about $165,000. Institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.