VIAVI SOLUTIONS INC.
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VIAV Q3 2026 request
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Income Statement
| Metric | Q3 2026 | Q3 2025 | YoY |
|---|---|---|---|
| Revenue | 406.8 | 284.8 | +42.8% |
Show Product Lines breakouts |
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| 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 |
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| 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 |
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| 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 |
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| Operating Segments | 406.8 | 284.8 | +42.8% |
Show Related Party Transactions By Related Party breakouts |
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| Equity Method Investee | 0.9 | — | — |
| Cost of Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| Accumulated Other Comprehensive Income | -7.5 | 13.9 | -154.0% |
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 |
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| Network and Service Enablement | 107.9 | — | — |
| Optical Security and Performance Products | 40 | — | — |
| Prepaid Expenses & Other Current Assets | 77.5 | — | — |
Show Business Segments breakouts |
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| 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 |
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| Network and Service Enablement | 659.6 | — | — |
| Optical Security and Performance Products | 42.2 | — | — |
Show Business Acquisition breakouts |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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
| 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 |
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| 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 |
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| 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.