Viavi Solutions (NASDAQ:VIAV) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Viavi Solutions (NASDAQ:VIAV) issued its quarterly earnings results on Wednesday. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03, FiscalAI reports. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.70%. The company had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. During the same period last year, the company posted $0.13 EPS. Viavi Solutions’s revenue was up 36.4% on a year-over-year basis. Viavi Solutions updated its Q3 2026 guidance to 0.220-4.000 EPS.

Here are the key takeaways from Viavi Solutions’ conference call:

• Viavi beat expectations in FQ2 with $369.3 million revenue (high end of guidance), operating margin of 19.3% above guidance, and EPS of $0.22, all showing strong sequential and year-over-year improvement.
• Data center and aerospace & defense drove NSE strength—NSE revenue of $291.5 million was at the high end of guidance and NSE grew ~46% YoY, with management saying data center momentum should continue through calendar 2026.
• Management approved a restructuring impacting ~5% of the workforce with estimated one-time charges of $32 million and expected annual run-rate savings of ~$30 million, a portion of which will be reinvested in higher-growth areas.
• Balance sheet actions include cash and short-term investments of $772.1 million, a $100 million convertible-note exchange, a $100 million Term Loan B prepayment and an expected $75 million earnout payment in Q3, while diluted share count has risen (233.4M current, ~245M expected), mixing positive liquidity with dilution and near-term cash outflows.
• Q3 guidance is for sequentially higher revenue of $386–$400 million, operating margin ~19.7%, EPS of $0.22–$0.24, incorporates a full 13 weeks of Spirent product lines, and management now expects a go‑forward tax rate in the mid‑teens.

Viavi Solutions Trading Up 1.6%

Viavi Solutions stock opened at $21.03 on Thursday. Viavi Solutions has a one year low of $8.10 and a one year high of $21.52. The business’s fifty day moving average is $18.18 and its 200 day moving average is $14.52. The stock has a market capitalization of $4.69 billion, a PE ratio of 300.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.74.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 24,225 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.26, for a total transaction of $442,348.50. Following the transaction, the senior vice president owned 49,225 shares in the company, valued at approximately $898,848.50. This represents a 32.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald A. Colvin sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.09, for a total transaction of $683,600.00. Following the sale, the director directly owned 148,524 shares in the company, valued at approximately $2,538,275.16. The trade was a 21.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 606,226 shares of company stock worth $10,714,820 in the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently added to or reduced their stakes in VIAV. Lido Advisors LLC grew its holdings in Viavi Solutions by 3.0% during the third quarter. Lido Advisors LLC now owns 24,082 shares of the communications equipment provider’s stock valued at $306,000 after purchasing an additional 697 shares during the period. California State Teachers Retirement System lifted its position in shares of Viavi Solutions by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 205,931 shares of the communications equipment provider’s stock valued at $2,074,000 after buying an additional 1,537 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of Viavi Solutions by 16.4% during the 3rd quarter. Vise Technologies Inc. now owns 14,749 shares of the communications equipment provider’s stock valued at $187,000 after buying an additional 2,075 shares in the last quarter. Amundi grew its stake in shares of Viavi Solutions by 8.5% during the 3rd quarter. Amundi now owns 39,957 shares of the communications equipment provider’s stock valued at $511,000 after acquiring an additional 3,130 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Viavi Solutions in the 3rd quarter worth approximately $44,000. Institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Argus raised their target price on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. B. Riley upped their price target on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group lifted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Stifel Nicolaus boosted their target price on Viavi Solutions from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Rosenblatt Securities increased their target price on Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Seven 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.78.

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

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.