VIAVI SOLUTIONS INC.

VIAV 10-Q · Q3 2026

VIAV Q3 2026 request

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Income Statement

Income Statement
Metric Q3 2026 Q3 2025 YoY
Revenue 406.8 284.8 +42.8%
Show Product Lines breakouts
Product 357 241.5 +47.8%
Product · Americas 158.8 87.5 +81.5%
Product · Asia Pacific 117.5 92.6 +26.9%
Product · CN 61.6 50.8 +21.3%
Product · EMEA 80.7 61.4 +31.4%
Product · Network and Service Enablement 271.7 164.9 +64.8%
Product · Operating Segments 357 241.5 +47.8%
Product · Optical Security and Performance Products 85.3 76.6 +11.4%
Product · Other Americas 24.6 12.3 +100.0%
Product · Other Asia Pacific [Member] 55.9 41.8 +33.7%
Product · US 134.2 75.2 +78.5%
Service 49.8 43.3 +15.0%
Service · Americas 24 20.6 +16.5%
Service · Asia Pacific 10.7 8.1 +32.1%
Service · CN 2.6 1.1 +136.4%
Service · EMEA 15.1 14.6 +3.4%
Service · Network and Service Enablement 49.8 43.3 +15.0%
Service · Operating Segments 49.8 43.3 +15.0%
Service · Other Americas 4.2 5.9 -28.8%
Service · Other Asia Pacific [Member] 8.1 7 +15.7%
Service · US 19.8 14.7 +34.7%
Show Business Segments breakouts
Network and Service Enablement · Operating Segments 321.5 208.2 +54.4%
Optical Security and Performance Products · Operating Segments 85.3 76.6 +11.4%
Show Geography breakouts
Americas 182.8 108.1 +69.1%
Asia Pacific 128.2 100.7 +27.3%
CN 64.2 51.9 +23.7%
EMEA 95.8 76 +26.1%
Other Americas 28.8 18.2 +58.2%
Other Asia Pacific [Member] 64 48.8 +31.1%
US 154 89.9 +71.3%
Show Consolidation Items breakouts
Operating Segments 406.8 284.8 +42.8%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 0.9
Cost of Revenue (Q)
Show Product Lines breakouts
Product 141.6 96.7 +46.4%
Service 18.1 21.3 -15.0%
Cost Depreciation Amortization And Depletion 13 6.1 +113.1%
Cost of Revenue 172.7 124.1 +39.2%
Show Business Segments breakouts
Network and Service Enablement · Operating Segments 111.5 76.9 +45.0%
Optical Security and Performance Products · Operating Segments 42.4 37.1 +14.3%
Gross Profit 234.1 160.7 +45.7%
Research & Development 71 50 +42.0%
Show Business Segments breakouts
Network and Service Enablement · Operating Segments 64.2 42.6 +50.7%
Optical Security and Performance Products · Operating Segments 3.3 4.1 -19.5%
Selling, General & Administrative 113.6 101.3 +12.1%
Show Business Segments breakouts
Network and Service Enablement · Operating Segments 58.8 42.1 +39.7%
Optical Security and Performance Products · Operating Segments 6.1 6.4 -4.7%
Amortization Of Intangible Assets 7.4 1.2 +516.7%
Restructuring Charges 17.3 -0.3 +5866.7%
Operating Expenses 209.3 152.2 +37.5%
Show Business Segments breakouts
Network and Service Enablement · Operating Segments 154.6 109.6 +41.1%
Optical Security and Performance Products · Operating Segments 12.8 13.5 -5.2%
Operating Income 24.8 8.5 +191.8%
Show Business Segments breakouts
Network and Service Enablement · Operating Segments 55.4 21.7 +155.3%
Optical Security and Performance Products · Operating Segments 30.1 26 +15.8%
Show Consolidation Items breakouts
Material Reconciling Items -60.7 -39.2 -54.8%
Operating Segments 85.5 47.7 +79.2%
Gains Losses On Extinguishment Of Debt -3.7
Other Non-Operating Income (Expense) 7 2.2 +218.2%
Interest Expense -14.3 -7.5 -90.7%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 13.8 3.2 +331.3%
Income Tax Expense (Benefit) 7.4 -16.3 +145.4%
Net Income 6.4 19.5 -67.2%
Show Equity Components breakouts
Retained Earnings 6.4 19.5 -67.2%
EPS (Basic) 0.03 0.09 -66.7%
EPS (Diluted) 0.03 0.09 -66.7%
Wtd Avg Shares (Basic) 232 222.6 +4.2%
Wtd Avg Shares (Diluted) 249.5 226.9 +10.0%
Comprehensive Income -1.1 33.4 -103.3%
Other Comprehensive Income -7.5 13.9 -154.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -7.5 13.9 -154.0%

Balance Sheet

Balance Sheet
Metric Q3 2026 Q3 2025 YoY
Current Assets
Cash & Cash Equivalents 499 374.2 +33.4%
Short-Term Investments 1.8 22.6 -92.0%
Restricted Cash And Cash Equivalents At Carrying Value 7.2 3.4 +111.8%
Accounts Receivable 320.3 252.8 +26.7%
Inventory 147.9
Show Business Segments breakouts
Network and Service Enablement 107.9
Optical Security and Performance Products 40
Prepaid Expenses & Other Current Assets 77.5
Show Business Segments breakouts
Network and Service Enablement 15.4
Total Current Assets 1,053.7 835.4 +26.1%
Non-Current Assets
Property, Plant & Equipment 222.5 228.1 -2.5%
Goodwill 701.8
Show Business Segments breakouts
Network and Service Enablement 659.6
Optical Security and Performance Products 42.2
Show Business Acquisition breakouts
Inertial Labs, LLC 130.3
Spirent Communications PLC 111.6
Deferred Tax Assets 79.7 83.8 -4.9%
Other Non-Current Assets 72.1 60.8 +18.6%
Total Assets 2,527.8
Show Consolidation Items breakouts
Material Reconciling Items 2,364.5
Operating Lease Right-of-Use Assets 41.9 34.6 +21.1%
Intangible Assets 398
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 162
Developed Technology Rights 219.1
Other Intangible Assets 16.9
Long Term Investments 3 3 0.0%
Other Assets
Intangible Assets Net Excluding Goodwill 398 139.7 +184.9%
Current Liabilities
Accounts Payable 81.7 67.2 +21.6%
Employee Related Liabilities Current 72.8 55.6 +30.9%
Deferred Revenue (Current) 85.2 64.5 +32.1%
Accrued Liabilities 27.8 25.7 +8.2%
Debt Current 244.5
Other Liabilities Current 140.5 86.9 +61.7%
Total Current Liabilities 652.5 544.7 +19.8%
Current Portion of Long-Term Debt (Q)
Show Debt Instrument breakouts
0.625% Senior Convertible Notes · Convertible Debt 250
Non-Current Liabilities
Convertible Debt Noncurrent 836.3 396.1 +111.1%
Other Non-Current Liabilities 192.5 263.6 -27.0%
Total Liabilities 1,681.3 1,204.4 +39.6%
Long-Term Debt 836.3 396.1 +111.1%
Operating Lease Liabilities 30.6 24.9 +22.9%
Deferred Tax Liabilities 10.1 8.3 +21.7%
Contract With Customer Liability Noncurrent 36.6 26.6 +37.6%
Stockholders' Equity
Common Stock 0.2 0.2 0.0%
Additional Paid In Capital Common Stock 70,683.5 70,505.6 +0.3%
Retained Earnings -69,721.2 -69,636.1 -0.1%
Accumulated Other Comprehensive Income -116 -140.9 +17.7%
Total Stockholders' Equity 846.5 728.8 +16.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -6.9 -7.1 +2.8%
Accumulated Net Unrealized Investment Gain Loss -5.3 -5.3 0.0%
Accumulated Other Comprehensive Income -116 -140.9 +17.7%
Accumulated Translation Adjustment -103.8 -128.5 +19.2%
Additional Paid In Capital 70,683.5 70,505.6 +0.3%
Common Stock 0.2 0.2 0.0%
Retained Earnings -69,721.2 -69,636.1 -0.1%
Total Liabilities & Equity 2,527.8 1,933.2 +30.8%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2026 YTD Q3 2025 YoY
Operating Activities
Depreciation 30.1 28.8 +4.5%
Finite Lived Intangible Assets Amortized Expense 47.6 16 +197.5%
Stock-Based Compensation 41.2 40.5 +1.7%
Amortization Of Financing Costs And Discounts 4.9 5.5 -10.9%
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 24.3 -4.9 +595.9%
Show Business Acquisition breakouts
Inertial Labs, LLC 24.3
Deferred Income Taxes 9.5 -29.9 +131.8%
Amortization Of Inventory Step Up 6.1 1.7 +258.8%
Restructuring Costs 16.9 0.9 +1777.8%
Other Non-Cash Items 6.9 -4.6 +250.0%
Change in Accounts Receivable -62.5 -31.9 -95.9%
Change in Inventory -37.3 -0.3 -12333.3%
Increase Decrease In Other Operating Assets -5.7 -1.5 -280.0%
Change in Accounts Payable 13.4 15.7 -14.6%
Increase Decrease In Accrued Income Taxes Payable 3.4 5.6 -39.3%
Change in Deferred Revenue -13.2 -0.9 -1366.7%
Increase Decrease In Employee Related Liabilities 9.1 6.8 +33.8%
Increase Decrease In Other Accrued Liabilities -30.6 -8.3 -268.7%
Net Cash from Operations 47.2 66 -28.5%
Investing Activities
Payments To Acquire Short Term Investments -64.6 -147.7 +56.3%
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments 64.7 145.5 -55.5%
Capital Expenditures -20 -22.3 +10.3%
Proceeds From Sale Of Productive Assets 2.6 4.7 -44.7%
Payments To Acquire Businesses Gross -399.3 -117.9 -238.7%
Payments For Previous Acquisition -0.7
Net Cash from Investing -417.3 -140.7 -196.6%
Financing Activities
Proceeds From Issuance Of Senior Long Term Debt 749.1
Repayments Of Convertible Debt -199
Debt Issuance Costs -23.4
Share Repurchases -30 -16.4 -82.9%
Tax Withholding for Share Compensation -23 -13.1 -75.6%
Payments Of Debt Extinguishment Costs -1
Payments For Failed Sale Leaseback And Capital Lease -0.2 -0.2 0.0%
Proceeds From Stock Plans 6.5 6 +8.3%
Payment For Contingent Consideration Liability Financing Activities -29.8
Payment For Contingent Consideration Liability Financing Activities (Q)
Show Business Acquisition breakouts
Inertial Labs, LLC -29.8
Net Cash from Financing 449.2 -23.5 +2011.5%
Amortization of Financing Costs 3 1.8 +66.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 0.1 -0.9 +111.1%
Net Change in Cash 79.2 -99.1 +179.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 511.3 382.7 +33.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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