EarningsQ4 2026 Earnings Report
MX:VIAV Q4 2026 EPS Results
Actual EPS$6.26
Consensus EPS$5.49
Beat/MissBeat by +$0.77
One Year Ago EPS$2.39
MX:VIAV Q4 2026 Revenue Results
Actual Revenue$8.16B
Expected Revenue$7.97B
Beat/MissBeat by +$193.04M
YoY Revenue Growth+52.53%
Earnings Announcement Details
QuarterQ4 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:VIAV Upcoming Earnings
Viavi Solutions's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:VIAV Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a meaningfully positive operating and financial beat: strong top-line beats, large year-over-year growth (Q4 +52.5% and FY +40%), substantial margin expansion, strong segment performance in NSE (driven by data center and Spirent products) and improved cash position with debt paydown. Near-term guidance is constructive with higher margins and EPS guidance. Offsetting items include dilution from recent share issuance, reliance on non-recurring tariff refunds that boosted margins/EPS, Spirent seasonality, and continued weak wireless/service-provider demand. Overall, the positives (large beats, margin expansion, strong segment momentum, cash/debt improvements, and optimistic forward guide) outweigh the negatives.Company Guidance
Quarterly Revenue Beat and Strong YoY Growth
Q4 net revenue of $443.1M beat guidance ($427M–$437M), was up 8.9% sequentially and up 52.5% year-over-year.
Substantial Full-Year Growth
Fiscal 2026 revenue of $1.518B, up 40% year-over-year; Spirent product lines contributed $145M to the full-year revenue.
Improved Profitability and EPS
Q4 operating margin 24% (above guidance 22.2%–23.2%), up 280 bps sequentially and up 960 bps YoY; Q4 EPS $0.34 (above guidance $0.29–$0.31), up $0.07 sequentially and $0.21 YoY. Full-year EPS $1.00 vs $0.47 prior year.
NSE Segment Outperformance
NSE revenue $353.9M (above guidance $340M–$348M), up 69.2% YoY; NSE gross margin 64.1% (up 190 bps YoY); NSE operating margin 20% vs 4.6% a year ago (above guidance 18.2%–19.2%). Spirent product lines accounted for $47.7M of NSE revenue.
OSP Growth and Margin Expansion
OSP revenue $89.2M (at high end of guidance $87M–$89M), up 9.6% YoY; OSP gross margin 55.2% (up 50 bps YoY); OSP operating margin 40% (above guidance 38%–38.8%), up 40 bps YoY.
Cash Position Strengthened and Debt Paydown
Cash and short-term investments rose to $656.7M (from $508M prior quarter). Completed follow-on offering (~12.78M shares at $45 for gross ~$575M) and used proceeds to pay off remaining Term Loan B.
Operating Cash Flow and CapEx
Q4 cash flow from operating activities $66.7M vs $23.8M a year ago (increase of ~$42.9M, ~+180% YoY). Q4 CapEx $11.1M (vs $5.5M prior-year quarter); full-year CapEx $31.1M (vs $27.8M prior year).
Forward Guidance and Outlook
Q1 FY2027 revenue guidance $450M–$460M; NSE $360M–$368M; OSP $90M–$92M. Company guides to operating margin ~27.1% (±40 bps) and EPS $0.40–$0.42 for Q1. Management expects continued strong demand in the data center ecosystem and aerospace & defense, and accelerated path to a $500M+ quarter sooner than prior expectation.
Strategic Execution and Integration Wins
Spirent product line integration completed and performing well; restructuring and synergy savings being realized. New product milestone: launch of industry's first validation solution for Ultra Ethernet Transport for AI/HPC workloads.
MX:VIAV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed