Viavi Solutions Inc.

VIAV Technology Communication Equipment

Viavi Solutions Inc.’s revenue for fiscal 2026 (year ended June 2026) was $1.5 billion, up 40.0% from fiscal 2025. In the quarter to June 2026, revenue grew 52.5%, EPS grew 250.0%, free cash flow grew 6,100.0% and total debt was flat, each against the same quarter a year earlier.

33.38 3.44 −9.34%
Market cap
$9.1B
P/E
0.0×
Fwd P/E
59.1×
Dividend yield
—
F-score
6/9
Altman Z
−29.88
Beneish M
−2.36
Dividend safety
n/a

Insider Decisions trades per month

Total sells 61.79
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 7 7 — 15 2 — 8 — — 5 2 —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 9,050.00
Revenue 1,518.30
Net Income (30.40)
Free Cash Flow 166.40
Net Debt (14.80)
Current Ratio 1.85 (at or above 1.5: strong)
Debt/Equity 0.44 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 59.10 (above 35: high)
P/S ratio 5.05
P/B ratio 5.29
Past 5Y EPS Growth —
This Y EPS Growth 64.32% (at or above 15%: strong)
Next Y EPS Growth 18.76% (at or above 15%: strong)
Next Y revenue growth 24.28% (at or above 10%: strong)
Next 5Y EPS Growth 35.88% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 94.07%
10-year low 10-year high
P/B against its own 10 years 91.71%
10-year low 10-year high
EV/Sales against its own 10 years 93.59%
10-year low 10-year high
EV/FCF against its own 10 years 84.13%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 526 496 429 657
Receivables 231 213 261 351
Inventory 116 97 118 155
Other 72 71 77 93
945 877 885 1,257
2023 2024 2025 2026
Payables 47 50 69 92
ST’ Debt 96 — 246 245
Other 50 58 108 116
344 247 590 681

Compound Annual Growth %

10y 5y 3y
Sales 5.30% 4.84% 11.14%
Cash Flow 5.88% (14.08%) (0.06%)
Earnings 0.00% 0.00% 0.00%
Book Value 7.71% 13.65% 27.99%

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 299 369 407 443 1,518
’25 238 271 285 291 1,084
’24 248 255 246 252 1,000
’23 310 285 248 264 1,106
’22 327 315 316 335 1,292
’21 285 300 303 311 1,199
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 31 43 — 114 114
’25 14 45 8 24 90
’24 50 20 20 26 116
’23 27 46 18 24 114
’22 53 22 29 74 178
’21 64 69 48 63 243
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 23 38 — 87 87
’25 10 37 1 19 67
’24 44 16 17 23 100
’23 12 30 8 18 68
’22 40 5 10 61 115
’21 56 59 41 39 195
Fiscal quarters ending in the months shown.

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 (0.10) (0.21) 0.03 0.13 (0.13)
’25 (0.01) 0.04 0.09 0.04 0.15
’24 0.04 0.05 (0.11) (0.10) (0.12)
’23 0.14 0.04 (0.07) 0.00 0.11
’22 (0.24) 0.14 0.08 0.07 0.07
’21 0.09 0.09 0.07 0.01 0.29
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 8.13 8.49 9.53 8.08 14.66 9.99 7.26 6.60 8.10 16.98

Analyst estimates 2027–2029

Powerpack
High 11.89 12.82 16.35 16.10 18.14 18.14 12.19 11.49 19.76 60.43
People
People Employees 2,700 3,500 3,600 3,600 3,600 3,600 3,600 3,600 3,600 4,100
Revenue/emp, $m 0.30 0.25 0.31 0.32 0.33 0.36 0.31 0.28 0.30 0.37
Income, $m
Income, $m Revenue 805 876 1,130 1,136 1,199 1,292 1,106 1,000 1,084 1,518
Gross margin, % 59.50 55.77 57.63 58.55 59.59 59.85 57.75 57.57 57.28 57.66
EBT 180 (36) 39 114 131 65 61 12 39 16
EBT margin, % 22.36 (4.08) 3.48 10.06 10.91 5.04 5.49 1.16 3.56 1.07
Net income 160 (49) 5 49 68 16 26 (26) 35 (30)
Depreciation 93 120 135 110 105 78 74 66 74 120
Per share, $
Per share, $ Revenue 3.50 3.86 4.96 4.95 5.24 5.60 4.92 4.49 4.87 6.62
Earnings 0.73 (0.20) 0.02 0.21 0.30 0.07 0.11 (0.12) 0.16 (0.13)
Cash flow 0.41 0.29 0.61 0.59 1.06 0.77 0.51 0.52 0.40 0.50
Capex (0.14) (0.16) (0.17) (0.14) (0.21) (0.27) (0.20) (0.07) (0.10) (0.12)
Free cash flow 0.27 0.13 0.43 0.45 0.85 0.50 0.30 0.45 0.30 0.38
Book value 3.42 3.24 3.18 3.10 3.34 2.91 3.08 3.06 3.51 6.31
Shares, m 230 227 228 229 229 231 225 223 223 230
Valuation, ×
Valuation, × P/E 15.16 0.00 699.00 59.31 64.03 220.50 103.00 0.00 62.94 0.00
P/S 3.01 2.68 2.82 2.57 3.37 2.36 2.30 1.55 2.07 7.22
P/B 3.08 3.19 4.39 4.11 5.29 4.55 3.68 2.28 2.87 7.57
EV/Sales 2.37 2.73 2.99 2.62 3.35 2.46 2.48 1.79 2.26 7.21
EV/FCF 30.92 81.53 34.11 28.76 20.56 27.51 40.31 17.82 36.57 65.77
Cash, $m
Cash, $m Operating cash flow 94 66 139 136 243 178 114 116 90 114
Capex (33) (37) (40) (32) (48) (63) (46) (16) (23) (27)
Free cash flow 62 29 99 104 195 115 68 100 67 87
Balance, $m
Balance, $m Working capital 1,438 602 633 681 365 636 602 629 296 576
Total debt 932 833 580 604 681 685 726 636 643 642
Net debt (515) 45 53 60 (23) 120 200 140 214 (15)
Shareholders’ equity 786 735 726 711 764 672 691 682 780 1,449
Returns, %
Returns, % ROA 8.46 (2.35) 0.28 2.73 3.61 0.82 1.39 (1.44) 1.87 (1.29)
ROIC 1.61 0.15 5.41 9.57 12.00 14.60 5.78 1.58 3.62 4.58
ROE 21.71 (6.39) 0.74 6.82 9.15 2.16 3.74 (3.76) 4.76 (2.73)
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Charts ten years each

Viavi Solutions Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ZBRA Zebra Technologies Corporation $17.9B 33.5× 18.8× +20.42% (above 0%: growing) +122.27% (above 0%: growing) +52.31% (above 0%: growing) 52.99% 20.62% Compare
ASTS AST SpaceMobile, Inc. $17.3B — (loss-making) — (loss-making) +2,626.64% (above 0%: growing) n/m −103.37% (below 0%: shrinking) 25.23% (944.09%) Compare
VIAV Viavi Solutions Inc. $9.1B — (loss-making) 59.1× +52.53% (above 0%: growing) +250.00% (above 0%: growing) +6,100.00% (above 0%: growing) 59.06% 13.83%
VSAT Viasat Inc. $8.5B — (loss-making) — (loss-making) −1.24% (below 0%: shrinking) n/m −31.14% (below 0%: shrinking) 35.70% 4.09% Compare
AAOI Applied Optoelectronics, Inc. $7.1B — (loss-making) 202× +86.42% (above 0%: growing) n/m −191.62% (below 0%: shrinking) 27.72% (12.88%) Compare
BDC Belden Inc $4.1B 16.5× 18.8× +11.63% (above 0%: growing) +14.29% (above 0%: growing) +55.69% (above 0%: growing) 39.14% 13.23% Compare
ONDS Ondas Holdings Inc. $3.7B — (loss-making) 19.8× +1,235.44% (above 0%: growing) n/m −1,000.26% (below 0%: shrinking) 43.13% (194.51%) Compare
EXTR Extreme Networks, Inc. $3.0B 67.9× 67.1× +10.28% (above 0%: growing) n/m −13.31% (below 0%: shrinking) 62.17% 6.22% Compare
DGII Digi International Inc. $2.7B 53.8× 48.2× +28.98% (above 0%: growing) +50.00% (above 0%: growing) +41.46% (above 0%: growing) 64.85% 16.51% Compare
Median of peers $5.6B 43.6× 34.0× +24.70% +50.00% −22.22% 41.14% 5.16%

All 47 Communication Equipment stocks →

Viavi Solutions Inc. (VIAV) key facts

  • Strength: Viavi Solutions Inc.’s revenue for fiscal 2026 (year ended June 2026) was $1.5 billion, up 40.0% from fiscal 2025.
  • Viavi Solutions Inc. (VIAV) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, VIAV traded at $33.38, a market capitalization of $9.1 billion.
  • Return on equity was −2.73% and debt-to-equity 0.44.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −29.88 (distress zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Viavi Solutions Inc. (VIAV) Latest News

2 Oct

stockrow.com/VIAV · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com