Quarterly ResultApr 30, 2026, 04:35 PM
VIAV Q3 Revenue +42.8% to $406.8M; 9M Net Loss $(63.1)M; Acquisitions
AI Summary
VIAVI SOLUTIONS INC. reported a significant increase in total net revenue for both the three and nine months ended March 28, 2026, driven by product and service revenue growth. However, net income for the quarter decreased, and the company posted a net loss for the nine-month period, largely due to a loss on debt extinguishment and increased operating expenses. The company also highlighted two key acquisitions during the period: Spirent's high-speed ethernet, network security, and channel emulation testing business for $399.3M, and Inertial Labs, Inc. for $134.4M cash plus contingent consideration.
Key Highlights
- Acquired Spirent's HSE and CE business for $399.3M cash on October 16, 2025.
- Acquired Inertial Labs for $134.4M cash plus up to $175.0M contingent consideration.
- Q3 Total net revenue increased 42.8% to $406.8M from $284.8M YoY.
- Q3 Net income decreased 67.2% to $6.4M from $19.5M YoY.
- Nine-month Net loss was $(63.1)M compared to $26.8M net income YoY.
- Nine-month Total net revenue increased 35.4% to $1,075.2M from $793.8M YoY.
- Long-term debt increased 111% to $836.3M as of March 28, 2026, from $396.3M in June 2025.
- Net cash provided by financing activities was $449.2M for the nine months.