Saturday 17 October 2026
Export VIAV’s income statement to Excel — free account
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%
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Target Price Range
Analyst price targets
Free accountTen 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 |
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| 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.
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% |
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.