Quarterly ResultApr 29, 2026, 04:44 PM
VIAV Q3 Revenue +42.8% to $406.8M; Non-GAAP EPS $0.27
AI Summary
VIAVI Solutions Inc. reported preliminary results for its fiscal third quarter ended March 28, 2026, with net revenue increasing 42.8% year-over-year to $406.8 million and non-GAAP diluted EPS rising 80.0% to $0.27. The company exceeded expectations, driven by strong growth in the data center and aerospace and defense end markets. However, GAAP net income decreased 67.2% year-over-year to $6.4 million. For the fourth quarter of fiscal 2026, VIAVI expects net revenue between $427 million and $437 million and non-GAAP EPS between $0.29 and $0.31.
Key Highlights
- Net revenue was $406.8 million, up 42.8% year-over-year.
- Non-GAAP diluted EPS was $0.27, up 80.0% year-over-year.
- Non-GAAP operating margin reached 21.0%, up 430 bps year-over-year.
- Network and Service Enablement segment revenue was $321.5 million, up 54.4% YoY.
- Optical Security and Performance Products segment revenue was $85.3 million, up 11.4% YoY.
- Q4 FY2026 revenue guidance is $427 million to $437 million.
- Q4 FY2026 non-GAAP EPS guidance is $0.29 to $0.31.