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Other financials

Income statement

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Revenue$406.8M+42.8%
Operating income$24.8M+192%
Net income$6.4M-67.2%
EPS (diluted)$0.03-66.7%

Balance sheet

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Cash & equivalents$499.0M+33.4%
Total debt$286.6M+2.5%
Total equity$846.5M+16.1%
Total assets$2.5B+30.8%

Cash flow

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Operating cash flow$42.5M-4.9%
CapEx$5.9M-13.2%
Free cash flow$36.9M+1.1%

Valuation

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Market cap$9.6B+328%
Enterprise value$9.38B+347%
P/S+5.0×

Profitability

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Gross margin56.9%-0.8pp
Operating margin4.3%
Net margin-4%-4.5pp
FCF margin6.3%-1.8pp

Returns & leverage

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Return on equity-7%-7.7pp
Debt / equity0.3×0.0×
Current ratio1.6×+0.1×

Where this comes from

Calculated from Viavi Solutions Inc.’s reported figures.

The source filing: Viavi Solutions Inc.’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:24 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028926
Line itemThree Months Ended / March 28, 2026Three Months Ended / March 29, 2025Nine Months Ended / March 28, 2026Nine Months Ended / March 29, 2025
Service cost of revenue18.121.351.457.6
Amortization of acquired technologies13.06.132.412.7
Total cost of revenues172.7124.1461.5336.2
Gross profit234.1160.7613.7457.6
Operating expenses:
Research and development71.050.0192.9151.5
Selling, general and administrative113.6101.3344.9259.7
Amortization of other intangibles7.41.215.23.3

Item 1. Financial Statements (Unaudited)

FAQ

What is Viavi Solutions Inc.'s gross profit?
Viavi Solutions Inc. (VIAV) reported gross profit of $234.1M in Q1 2026.
How has Viavi Solutions Inc.'s gross profit changed year-over-year?
Viavi Solutions Inc.'s gross profit increased by 45.7% year-over-year, from $160.7M to $234.1M.
What is the long-term trend for Viavi Solutions Inc.'s gross profit?
Over 3 years (2022 to 2025), Viavi Solutions Inc.'s gross profit has grown at a -7.1% compound annual growth rate (CAGR), from $773.5M to $621.1M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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