Viavi Solutions

US · VIAV #1351 by market cap Listed 2015

46.27 -1.87 -3.88%

Live - 5344 symbols - heartbeat 362s ago · 2026-10-08 07:00

Pre-market 45.51 -1.65%

After-hours 46.40 +0.28%

Overnight 45.54 -1.58%

Market cap: 11.38B
P/E (TTM): -355.92
P/B: 7.86
EPS: -0.13
Div yield: 0.00%
52W pos: 71%

Reader sentiment Are you bullish or bearish on VIAV?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Weak

Altman Z-Score is -29.66, below the 1.8 "distress zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +40.03% YoY

Margins

Gross margin: 57.66%
Operating margin: 7.97%
Net margin: -2.00%

Key ratios & quality

Enterprise value: 11.38B
Altman Z-Score: -29.66

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	1.13B	1.14B	1.20B	1.29B	1.11B	1.00B	1.08B	1.52B
Gross profit	651.40M	665.30M	714.40M	773.50M	638.80M	575.90M	621.10M	875.40M
Selling & admin expenses	343.50M	315.00M	337.50M	365.70M	328.70M	333.30M	349.40M	469.20M
Research & development	187.00M	193.60M	203.00M	213.20M	206.90M	201.90M	208.70M	262.70M
Operating profit	82.80M	121.60M	140.60M	184.90M	94.50M	34.40M	58.20M	121.00M
Pretax profit	39.30M	114.30M	130.80M	65.10M	60.70M	11.60M	38.60M	16.30M
Tax	31.50M	65.30M	63.30M	49.60M	35.20M	37.40M	4.40M	47.50M
Net profit	5.40M	49.00M	67.50M	15.50M	25.50M	-25.80M	34.80M	-30.40M
Basic EPS	0	0	0	0	0	0	0	0
Diluted EPS	0.02	0.21	0.29	0.07	0.11	-0.12	0.15	-0.13

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	284.80M	290.50M	299.10M	369.30M	406.80M	443.10M
Gross profit	160.70M	163.50M	169.00M	210.60M	234.10M	261.70M
Selling & admin expenses	101.30M	89.70M	104.20M	127.10M	113.60M	124.30M
Research & development	50.00M	57.20M	56.00M	65.90M	71.00M	69.80M
Operating profit	8.20M	15.10M	7.30M	11.30M	42.10M	60.30M
Pretax profit	3.20M	9.60M	-2.30M	-38.70M	13.80M	43.50M
Tax	-16.30M	2.20M	19.00M	9.70M	7.40M	11.40M
Net profit	19.50M	8.00M	-21.40M	-48.10M	6.40M	32.70M
Basic EPS	0	0	0	0	0	0
Diluted EPS	0.09	0.04	-0.10	-0.21	0.03	0.13

Balance sheet

Line item	2019	2020	2021	2022	2023	2024	2025	2026
Total current assets	916.80M	913.60M	1.11B	1.01B	945.00M	876.50M	885.20M	1.26B
Cash & ST investments	523.00M	540.50M	699.40M	561.30M	521.10M	491.20M	425.30M	649.80M
Inventory	102.70M	83.30M	94.90M	110.10M	116.10M	96.50M	117.90M	155.30M
Total assets	1.82B	1.78B	1.96B	1.83B	1.85B	1.74B	1.99B	2.71B
Total current liabilities	284.00M	232.80M	747.40M	369.30M	343.50M	247.10M	589.70M	680.50M
Short-term debt	--	14.50M	468.20M	78.50M	106.30M	9.80M	256.40M	256.60M
Long-term debt	578.80M	600.90M	224.10M	616.50M	629.50M	636.00M	396.30M	397.10M
Total liabilities	1,089,300,000.00	1,064,900,000.00	1,197,500,000.00	1,156,200,000.00	1,159,700,000.00	1,054,700,000.00	1,213,600,000.00	1,257,100,000.00
Total equity	725.80M	711.40M	763.90M	671.70M	690.80M	681.60M	780.20M	1.45B
Retained earnings	-69.38B	-69.40B	-69.32B	-69.54B	-69.60B	-69.65B	-69.63B	-69.69B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	835.40M	885.20M	990.30M	1.28B	1.05B	1.26B
Cash & ST investments	396.80M	425.30M	545.60M	767.40M	500.80M	649.80M
Inventory	116.20M	117.90M	124.50M	141.00M	147.90M	155.30M
Total assets	1.93B	1.99B	2.08B	2.78B	2.53B	2.71B
Total current liabilities	544.70M	589.70M	497.50M	489.60M	652.50M	680.50M
Short-term debt	254.70M	256.40M	161.20M	65.00M	256.00M	256.60M
Long-term debt	396.10M	396.30M	640.50M	1.22B	836.30M	397.10M
Total liabilities	1,204,400,000.00	1,213,600,000.00	1,358,200,000.00	1,943,500,000.00	1,681,300,000.00	1,257,100,000.00
Total equity	728.80M	780.20M	723.90M	834.30M	846.50M	1.45B
Retained earnings	-69.64B	-69.63B	-69.68B	-69.73B	-69.72B	-69.69B

Cash flow

Line item	2019	2020	2021	2022	2023	2024	2025	2026
Operating cash flow	138.80M	135.60M	243.30M	178.10M	114.10M	116.40M	89.80M	113.90M
Depreciation & amortization	112.20M	107.80M	102.30M	75.40M	69.50M	58.70M	62.70M	108.30M
Free cash flow	93.80M	103.70M	191.20M	105.60M	63.00M	96.90M	62.00M	82.80M
Dividends paid	--	--	--	--	--	--	--	--
Stock buybacks / issuance	-11.20M	-44.40M	-42.20M	-235.90M	-83.90M	-20.00M	-16.40M	545.00M
Ending cash balance	530.40M	547.40M	708.40M	572.80M	515.60M	481.80M	432.10M	659.80M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	7.80M	23.80M	31.00M	42.50M	-26.30M	66.70M
Depreciation & amortization	16.60M	17.90M	18.20M	28.80M	30.70M	30.60M
Free cash flow	1.00M	18.30M	22.50M	36.90M	-32.20M	55.60M
Dividends paid	--	--	--	--	--	--
Stock buybacks / issuance	0	0	-30.00M	0	0	575.00M
Ending cash balance	382.70M	432.10M	552.10M	776.10M	511.30M	659.80M

Returns & efficiency

Line item	2019	2020	2021	2022	2023	2024	2025	2026
ROE %	0.75	3.99	6.20	2.14	3.74	-3.76	4.76	-2.73
ROA %	0.28	1.60	2.47	0.82	1.39	-1.44	1.87	-1.29
ROIC %	1.86	3.54	4.89	1.93	2.51	-1.32	3.35	-0.75
5-year avg ROE %	-0.54	2.36	6.41	2.50	4.52	3.62	3.21	0.84
EBIT margin %	6.51	11.24	12.14	6.62	7.71	3.99	6.11	3.94
FCF / sales %	8.30	9.13	15.95	8.17	5.70	9.69	5.72	5.45
Current ratio	3.23	3.92	1.49	2.72	2.75	3.55	1.50	1.85
Quick ratio	2.75	3.43	1.30	2.29	2.29	2.98	1.22	1.51
Debt / assets	33.29	37.14	37.69	40.73	42.20	39.58	34.72	25.81
LT debt / equity	83.26	90.69	35.48	99.15	97.67	99.38	55.87	30.49
Interest coverage	2.15	3.79	4.03	4.18	3.47	1.41	2.40	1.37
Revenue CAGR (3Y) %	7.64	12.18	11.04	4.57	-0.89	-5.86	-5.68	11.14
Net income CAGR (3Y) %	--	-32.62	--	42.12	-19.56	--	30.94	--
FCF CAGR (3Y) %	48.23	23.02	101.13	4.03	-15.31	-20.27	-16.26	9.54

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	0.71	4.76	2.13	-5.54	-7.00	-2.73
ROA %	0.28	1.87	0.80	-1.87	-2.47	-1.29
ROIC %	1.28	3.35	1.84	-1.39	-2.36	-0.75
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	4.50	6.11	4.93	0.51	1.71	3.94
FCF / sales %	6.32	5.72	6.84	6.33	3.33	5.45
Current ratio	1.53	1.50	1.99	2.61	1.61	1.85
Quick ratio	1.24	1.22	1.65	2.22	1.30	1.51
Debt / assets	35.76	34.72	40.66	47.87	44.96	25.81
LT debt / equity	59.91	55.87	94.68	151.60	104.02	30.49
Interest coverage	1.71	2.40	2.06	0.18	0.57	1.37
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Network and Service Enablement is the largest reported line at 77.91% of revenue, across 2 reported segments.
The next-largest line, Optical Security and Performance Products, is a distant second at 22.09% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Network and Service Enablement77.91%

Optical Security and Performance Products22.09%

Region

United States38.06%

EMEA24.07%

Greater China17.05%

Other Asia-Pacific13.90%

Other Americas6.92%

Quote time 2026-10-08 07:00:07 · For reference only, not investment advice and not tailored to your situation.