VIAVI SOLUTIONS INC. (VIAV) Form 10-K — Aug 13, 2026

$VIAVForm 10-KFiled Aug 13, 2026, 4:29 PM ET0001628280-26-056765Original filing

VIAVI's fiscal 2026 10-K reports net revenue of $1,518.3 million, up $434.0 million or 40.0% year-over-year, driven by AI data center demand, the Spirent HSE and CE acquisition ($145.0 million contribution), Inertial Labs ($86.1 million) and aerospace and defense products. NSE segment revenue rose 52.3% to $1,182.9 million while OSP grew 9.0% to $335.4 million. Non-GAAP diluted EPS more than doubled to $1.00 and non-GAAP operating margin expanded 630 basis points to 20.6%, but the company posted a GAAP net loss of $30.4 million (diluted EPS of -$0.13), driven primarily by a $56.7 million loss on debt extinguishment after prepaying its entire $600.0 million Term Loan B.

Key figures

Eps: -$0.13 GAAP diluted; $1.00 non-GAAP diluted
Revenue: $1,518.3 million (fiscal 2026)
Net Income: -$30.4 million GAAP; $243.8 million non-GAAP
Revenue Yoy: +40.0% (+$434.0 million)
Shares Outstanding: 246749828
Capex: $31.1 million (2.0% of revenue)
Employees: approximately 4,100 across 34 countries
Nse Revenue: $1,182.9 million (up 52.3%)
Osp Revenue: $335.4 million (up 9.0%)
Gross Margin: 57.7%
Ieepa Refunds: $1.5 million recognized; ~$11.0 million received subsequent to year-end
Ieepa Tariffs Paid: $22.4 million
Non Gaap Eps Growth: +112.8% YoY ($0.47 to $1.00)
Operating Cash Flow: $113.9 million
Gaap Operating Margin: 6.9% (up 160 bps YoY)
Term Loan BPrepayment: $600.0 million (fully repaid)
Non Gaap Operating Margin: 20.6% (up 630 bps YoY)
Loss On Debt Extinguishment: $56.7 million
Market Value Non Affiliates: $4.2 billion (as of December 27, 2025)
Equity Offering Net Proceeds: $557.1 million (12.8 million shares issued)
Remaining Buyback Authorization: $168.4 million
Restructuring Annualized Savings: $30.0 million (Fiscal 2026 Plan, ~5% of global workforce)
Inertial Labs Revenue Contribution: $86.1 million
Spirent Hse Ce Revenue Contribution: $145.0 million

Price after filing

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