NASDAQ : VIAV
Viavi Solutions Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 29.92 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 7.38B
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Financial statements
Viavi Solutions Inc. (VIAV) reported revenue of 1.52B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.52B | 1.52B | 1.08B | 1.00B | 1.11B | 1.29B |
| Cost of Revenue | 593.80M | 593.80M | 443.70M | 410.70M | 442.70M | 488.90M |
| Gross Profit | 924.50M | 924.50M | 640.60M | 589.70M | 663.40M | 803.50M |
| Selling, General & Admin | 422.80M | 422.80M | 335.40M | 342.80M | 340.00M | 365.40M |
| Research & Development | 262.70M | 262.70M | 208.70M | 201.90M | 206.90M | 213.20M |
| Amortization of Goodwill & Intangibles | 67.90M | 67.90M | 24.30M | 20.10M | 33.30M | 39.70M |
| Operating Expenses | 753.40M | 753.40M | 568.40M | 564.80M | 580.20M | 618.30M |
| Operating Income | 171.10M | 171.10M | 72.20M | 24.90M | 83.20M | 185.20M |
| Interest Expense | -47.40M | -47.40M | -30.00M | -30.90M | -27.10M | -23.30M |
| Interest & Investment Income | 15.40M | 15.40M | 13.10M | 18.90M | 10.20M | 3.40M |
| Earnings From Equity Investments | 800.00K | 800.00K | 600.00K | |||
| Currency Exchange Gain (Loss) | -2.40M | -2.40M | -1.70M | -3.10M | -2.20M | 1.40M |
| Other Non Operating Income (Expenses) | 2.30M | 2.30M | -300.00K | -1.40M | -400.00K | 400.00K |
| EBT Excluding Unusual Items | 139.80M | 139.80M | 53.90M | 8.40M | 63.70M | 167.10M |
| Merger & Restructuring Charges | -33.00M | -33.00M | -23.00M | -13.60M | -12.10M | 100.00K |
| Legal Settlements | 7.30M | 6.70M | ||||
| Other Unusual Items | -89.70M | -89.70M | 8.30M | 9.50M | 2.40M | -102.10M |
| Pretax Income | 17.10M | 17.10M | 39.20M | 11.60M | 60.70M | 65.10M |
| Income Tax Expense | 47.50M | 47.50M | 4.40M | 37.40M | 35.20M | 49.60M |
| Earnings From Continuing Operations | -30.40M | -30.40M | 34.80M | -25.80M | 25.50M | 15.50M |
| Net Income | -30.40M | -30.40M | 34.80M | -25.80M | 25.50M | 15.50M |
| Net Income to Common | -30.40M | -30.40M | 34.80M | -25.80M | 25.50M | 15.50M |
| Shares Outstanding (Basic) | 229.50M | 229.50M | 222.50M | 222.60M | 224.60M | 230.90M |
| Shares Outstanding (Diluted) | 229.50M | 229.50M | 225.70M | 222.60M | 226.60M | 238.20M |
| EPS (Basic) | -0.13 | -0.13 | 0.16 | -0.12 | 0.11 | 0.07 |
| EPS (Diluted) | -0.13 | -0.13 | 0.15 | -0.12 | 0.11 | 0.07 |
| Free Cash Flow | 82.80M | 82.80M | 62.00M | 96.90M | 63.00M | 105.60M |
| Free Cash Flow Per Share | 0.36 | 0.36 | 0.28 | 0.43 | 0.28 | 0.44 |
| Gross Margin | 60.89% | 60.89% | 59.08% | 58.95% | 59.98% | 62.17% |
| Operating Margin | 11.27% | 11.27% | 6.66% | 2.49% | 7.52% | 14.33% |
| Profit Margin | -2.00% | -2.00% | 3.21% | -2.58% | 2.31% | 1.20% |
| Free Cash Flow Margin | 5.45% | 5.45% | 5.72% | 9.69% | 5.70% | 8.17% |
| EBITDA | 278.90M | 278.90M | 134.90M | 83.60M | 152.70M | 260.60M |
| EBITDA Margin | 18.37% | 18.37% | 12.44% | 8.36% | 13.80% | 20.16% |
| D&A For EBITDA | 107.80M | 107.80M | 62.70M | 58.70M | 69.50M | 75.40M |
| EBIT | 171.10M | 171.10M | 72.20M | 24.90M | 83.20M | 185.20M |
| EBIT Margin | 11.27% | 11.27% | 6.66% | 2.49% | 7.52% | 14.33% |
| Effective Tax Rate | 277.78% | 277.78% | 11.22% | 322.41% | 57.99% | 76.19% |
| Revenue as Reported | 1.52B | 1.52B | 1.08B | 1.00B | 1.11B | 1.29B |
| Advertising Expenses | 2.50M | 2.50M | 2.00M | 1.30M | 2.60M | 3.20M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 647.80M | 647.80M | 423.60M | 471.30M | 506.50M | 559.90M |
| Short-Term Investments | 2.00M | 2.00M | 1.70M | 19.90M | 14.60M | 1.40M |
| Cash & Short-Term Investments | 649.80M | 649.80M | 425.30M | 491.20M | 521.10M | 561.30M |
| Accounts Receivable | 351.30M | 351.30M | 261.00M | 213.10M | 231.20M | 260.90M |
| Other Receivables | 24.60M | 24.60M | 32.00M | 31.80M | 32.70M | 24.90M |
| Receivables | 375.90M | 375.90M | 293.00M | 244.90M | 263.90M | 285.80M |
| Inventory | 155.30M | 155.30M | 117.90M | 96.50M | 116.10M | 110.10M |
| Prepaid Expenses | 26.80M | 26.80M | 21.90M | 18.50M | 16.50M | 16.00M |
| Restricted Cash | 6.90M | 6.90M | 3.70M | 5.00M | 4.50M | 3.60M |
| Other Current Assets | 41.80M | 41.80M | 23.40M | 20.40M | 22.90M | 28.30M |
| Total Current Assets | 1.26B | 1.26B | 885.20M | 876.50M | 945.00M | 1.01B |
| Property, Plant & Equipment | 267.10M | 267.10M | 266.00M | 264.00M | 283.40M | 274.10M |
| Long-Term Investments | 3.00M | 3.00M | 3.00M | |||
| Goodwill | 700.70M | 700.70M | 595.70M | 452.90M | 455.20M | 387.60M |
| Other Intangible Assets | 377.60M | 377.60M | 131.60M | 38.20M | 58.60M | 54.20M |
| Long-Term Deferred Tax Assets | 74.50M | 74.50M | 87.20M | 82.50M | 87.00M | 86.30M |
| Long-Term Deferred Charges | 5.60M | 5.60M | 4.40M | 4.40M | 5.70M | 5.90M |
| Other Long-Term Assets | 20.60M | 20.60M | 20.70M | 17.80M | 15.60M | 14.70M |
| Total Assets | 2.71B | 2.71B | 1.99B | 1.74B | 1.85B | 1.83B |
| Accounts Payable | 92.20M | 92.20M | 68.80M | 50.40M | 47.20M | 58.30M |
| Accrued Expenses | 130.20M | 130.20M | 97.40M | 82.60M | 81.50M | 121.40M |
| Short-Term Debt | 400.00K | |||||
| Current Portion of Long-Term Debt | 245.30M | 245.30M | 246.40M | 100.00K | 96.40M | 68.10M |
| Current Portion of Leases | 11.80M | 11.80M | 10.20M | 9.80M | 10.10M | 10.10M |
| Current Income Taxes Payable | 7.70M | 7.70M | 8.20M | 5.30M | 4.40M | 9.60M |
| Current Unearned Revenue | 101.90M | 101.90M | 74.10M | 65.70M | 78.60M | 81.00M |
| Other Current Liabilities | 91.40M | 91.40M | 84.60M | 33.20M | 25.30M | 20.40M |
| Total Current Liabilities | 680.50M | 680.50M | 589.70M | 247.10M | 343.50M | 369.30M |
| Long-Term Debt | 410.50M | 410.50M | 411.80M | 651.70M | 645.30M | 632.50M |
| Long-Term Leases | 31.20M | 31.20M | 24.10M | 25.70M | 29.40M | 33.50M |
| Long-Term Unearned Revenue | 40.30M | 40.30M | 28.20M | 25.70M | 23.40M | 19.40M |
| Pension & Post-Retirement Benefits | 47.30M | 47.30M | 54.10M | 51.20M | 53.20M | 59.60M |
| Long-Term Deferred Tax Liabilities | 7.00M | 7.00M | 6.00M | 11.70M | 13.90M | 9.50M |
| Other Long-Term Liabilities | 40.30M | 40.30M | 99.70M | 41.60M | 51.00M | 32.40M |
| Total Liabilities | 1.26B | 1.26B | 1.21B | 1.05B | 1.16B | 1.16B |
| Common Stock | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K |
| Additional Paid-In Capital | 71.25B | 71.25B | 70.52B | 70.47B | 70.43B | 70.37B |
| Retained Earnings | -69.69B | -69.69B | -69.63B | -69.65B | -69.60B | -69.54B |
| Comprehensive Income & Other | -116.00M | -116.00M | -109.80M | -144.00M | -136.00M | -156.40M |
| Shareholders' Equity | 1.45B | 1.45B | 780.20M | 681.60M | 690.80M | 671.70M |
| Total Liabilities & Equity | 2.71B | 2.71B | 1.99B | 1.74B | 1.85B | 1.83B |
| Total Debt | 698.80M | 698.80M | 692.50M | 687.30M | 781.20M | 744.60M |
| Net Cash (Debt) | -49.00M | -49.00M | -267.20M | -196.10M | -260.10M | -183.30M |
| Net Cash Per Share | -0.21 | -0.21 | -1.18 | -0.88 | -1.15 | -0.77 |
| Filing Date Shares Outstanding | 246.75M | 246.75M | 223.25M | 221.91M | 221.50M | 226.26M |
| Total Common Shares Outstanding | 247.00M | 247.00M | 223.20M | 221.90M | 221.50M | 226.00M |
| Working Capital | 576.00M | 576.00M | 295.50M | 629.40M | 601.50M | 635.80M |
| Book Value Per Share | 5.86 | 5.86 | 3.50 | 3.07 | 3.12 | 2.97 |
| Tangible Book Value | 370.20M | 370.20M | 52.90M | 190.50M | 177.00M | 229.90M |
| Tangible Book Value Per Share | 1.50 | 1.50 | 0.24 | 0.86 | 0.80 | 1.02 |
| Land | 19.60M | 19.60M | 19.90M | 19.50M | 19.60M | 19.20M |
| Buildings | 80.60M | 80.60M | 79.60M | 74.90M | 74.90M | 41.70M |
| Machinery | 481.00M | 481.00M | 468.30M | 449.30M | 439.30M | 390.70M |
| Construction In Progress | 20.90M | 20.90M | 26.50M | 20.00M | 24.50M | 71.20M |
| Leasehold Improvements | 78.40M | 78.40M | 75.90M | 73.00M | 70.70M | 69.80M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -30.40M | -30.40M | 34.80M | -25.80M | 25.50M | 15.50M |
| Depreciation & Amortization | 107.80M | 107.80M | 62.70M | 58.70M | 69.50M | 75.40M |
| Other Amortization | 5.80M | 5.80M | 7.30M | 7.50M | 4.20M | 2.80M |
| Asset Writedown & Restructuring Costs | 16.40M | 16.40M | 700.00K | 13.60M | 12.10M | |
| Stock-Based Compensation | 55.40M | 55.40M | 53.10M | 49.40M | 51.20M | 52.30M |
| Other Operating Activities | 115.40M | 115.40M | -38.60M | -3.70M | 1.30M | 95.60M |
| Change in Accounts Receivable | -94.90M | -94.90M | -34.10M | 13.90M | 37.40M | -18.30M |
| Change in Inventory | -49.00M | -49.00M | -7.50M | 10.50M | -10.70M | -27.70M |
| Change in Accounts Payable | 24.00M | 24.00M | 14.60M | 3.20M | -9.40M | -5.60M |
| Change in Unearned Revenue | 7.90M | 7.90M | 7.90M | -8.80M | -2.10M | 13.20M |
| Change in Income Taxes | 2.70M | 2.70M | -6.30M | 1.60M | -2.00M | -18.20M |
| Change in Other Net Operating Assets | -47.20M | -47.20M | -4.80M | -3.70M | -62.90M | -6.90M |
| Operating Cash Flow | 113.90M | 113.90M | 89.80M | 116.40M | 114.10M | 178.10M |
| Capital Expenditures | -31.10M | -31.10M | -27.80M | -19.50M | -51.10M | -72.50M |
| Sale of Property, Plant & Equipment | 4.00M | 4.00M | 5.10M | 3.40M | 5.10M | 9.80M |
| Cash Acquisitions | -400.00M | -400.00M | -121.60M | -68.00M | -8.30M | |
| Investment in Securities | 300.00K | 300.00K | 18.90M | -5.50M | -13.10M | |
| Other Investing Activities | -3.00M | |||||
| Investing Cash Flow | -426.80M | -426.80M | -128.40M | -21.60M | -127.10M | -71.00M |
| Short-Term Debt Issued | 150.00M | |||||
| Long-Term Debt Issued | 749.10M | 749.10M | 118.00M | 400.00M | ||
| Total Debt Issued | 749.10M | 749.10M | 118.00M | 550.00M | ||
| Short-Term Debt Repaid | -150.00M | |||||
| Long-Term Debt Repaid | -649.30M | -649.30M | -200.00K | -96.60M | -68.20M | -351.70M |
| Total Debt Repaid | -649.30M | -649.30M | -200.00K | -96.60M | -68.20M | -501.70M |
| Net Debt Issued (Repaid) | 99.80M | 99.80M | -200.00K | -96.60M | 49.80M | 48.30M |
| Issuance of Common Stock | 581.50M | 581.50M | 6.00M | 6.30M | 7.90M | 7.80M |
| Repurchase of Common Stock | -54.90M | -54.90M | -29.60M | -31.10M | -95.70M | -250.00M |
| Other Financing Activities | -85.40M | -85.40M | 200.00K | -4.30M | -12.00M | -16.50M |
| Financing Cash Flow | 541.00M | 541.00M | -23.60M | -125.70M | -50.00M | -210.40M |
| Foreign Exchange Rate Adjustments | -400.00K | -400.00K | 12.50M | -2.90M | 5.80M | -32.30M |
| Net Cash Flow | 227.70M | 227.70M | -49.70M | -33.80M | -57.20M | -135.60M |
| Free Cash Flow | 82.80M | 82.80M | 62.00M | 96.90M | 63.00M | 105.60M |
| Free Cash Flow Margin | 5.45% | 5.45% | 5.72% | 9.69% | 5.70% | 8.17% |
| Free Cash Flow Per Share | 0.36 | 0.36 | 0.28 | 0.43 | 0.28 | 0.44 |
| Levered Free Cash Flow | 158.71M | 158.71M | 142.97M | 131.15M | 75.06M | 139.69M |
| Unlevered Free Cash Flow | 182.54M | 182.54M | 154.43M | 142.96M | 87.80M | 151.45M |
| Cash Interest Paid | 38.70M | 38.70M | 22.90M | 23.90M | 22.00M | 17.90M |
| Cash Income Tax Paid | 23.80M | 23.80M | 29.50M | 30.90M | 47.50M | 77.10M |
| Change in Working Capital | -156.50M | -156.50M | -30.20M | 16.70M | -49.70M | -63.50M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.04B | 11.67B | 2.23B | 1.53B | 2.52B | 2.98B |
| Enterprise Value | 7.09B | 12.31B | 2.53B | 1.74B | 2.79B | 3.16B |
| Last Close Price | 29.92 | 47.63 | 10.00 | 6.87 | 11.33 | 13.09 |
| PE Ratio | 64.15 | 98.84 | 192.41 | |||
| Forward PE | 17.17 | 38.89 | 20.03 | 17.54 | 22.89 | 13.94 |
| PS Ratio | 4.80 | 7.69 | 2.06 | 1.53 | 2.28 | 2.31 |
| PB Ratio | 5.10 | 8.06 | 2.86 | 2.25 | 3.65 | 4.44 |
| P/TBV Ratio | 19.70 | 31.52 | 42.20 | 8.05 | 14.24 | 12.97 |
| P/FCF Ratio | 88.09 | 140.94 | 36.01 | 15.83 | 40.01 | 28.24 |
| P/OCF Ratio | 64.04 | 102.46 | 24.86 | 13.18 | 22.09 | 16.75 |
| PEG Ratio | 1.04 | 1.04 | 1.04 | 1.04 | 0.93 | |
| EV/Sales Ratio | 4.84 | 8.11 | 2.33 | 1.74 | 2.52 | 2.44 |
| EV/EBITDA Ratio | 26.33 | 44.12 | 18.73 | 20.79 | 18.24 | 12.11 |
| EV/EBIT Ratio | 42.92 | 71.92 | 35.00 | 69.81 | 33.48 | 17.05 |
| EV/FCF Ratio | 88.68 | 148.62 | 40.76 | 17.94 | 44.22 | 29.89 |
| Debt / Equity Ratio | 0.48 | 0.48 | 0.89 | 1.01 | 1.13 | 1.11 |
| Debt / EBITDA Ratio | 2.38 | 2.38 | 4.68 | 7.12 | 4.71 | 2.71 |
| Debt / FCF Ratio | 8.44 | 8.44 | 11.17 | 7.09 | 12.40 | 7.05 |
| Net Debt / Equity Ratio | 0.03 | 0.03 | 0.34 | 0.29 | 0.38 | 0.27 |
| Net Debt / EBITDA Ratio | 0.18 | 0.18 | 1.98 | 2.35 | 1.70 | 0.70 |
| Net Debt / FCF Ratio | 0.59 | 0.59 | 4.31 | 2.02 | 4.13 | 1.74 |
| Asset Turnover | 0.65 | 0.65 | 0.58 | 0.56 | 0.60 | 0.68 |
| Inventory Turnover | 4.35 | 4.35 | 4.14 | 3.86 | 3.91 | 4.77 |
| Quick Ratio | 1.51 | 1.51 | 1.22 | 2.98 | 2.29 | 2.29 |
| Current Ratio | 1.85 | 1.85 | 1.50 | 3.55 | 2.75 | 2.72 |
| Return on Equity (ROE) | -2.73% | -2.73% | 4.76% | -3.76% | 3.74% | 2.16% |
| Return on Assets (ROA) | 4.55% | 4.55% | 2.42% | 0.87% | 2.83% | 6.11% |
| Return on Invested Capital (ROIC) | -20.42% | -23.91% | 6.66% | -6.06% | 3.87% | 5.32% |
| Return on Capital Employed (ROCE) | 8.40% | 8.40% | 5.10% | 1.70% | 5.50% | 12.70% |
| Earnings Yield | -0.46% | -0.26% | 1.56% | -1.68% | 1.01% | 0.52% |
| FCF Yield | 1.14% | 0.71% | 2.78% | 6.32% | 2.50% | 3.54% |
| Buyback Yield / Dilution | -1.68% | -1.68% | -1.39% | 1.76% | 4.87% | -0.80% |