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Other financials

Income statement

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Revenue$406.8M+42.8%
Gross profit$234.1M+45.7%
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

Reported directly by Viavi Solutions Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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
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
Restructuring and related charges (benefits)17.3(0.3)16.90.9
Total operating expenses209.3152.2569.9415.4

Item 1. Financial Statements (Unaudited)

FAQ

What is Viavi Solutions Inc.'s R&D?
Viavi Solutions Inc. (VIAV) reported R&D of $71M in Q1 2026.
How has Viavi Solutions Inc.'s R&D changed year-over-year?
Viavi Solutions Inc.'s R&D increased by 42.0% year-over-year, from $50M to $71M.
What is the long-term trend for Viavi Solutions Inc.'s R&D?
Over 3 years (2022 to 2025), Viavi Solutions Inc.'s R&D has grown at a -0.7% compound annual growth rate (CAGR), from $213.2M to $208.7M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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