Summary

VIAVI Solutions reported strong third-quarter fiscal 2026 results, with net revenue reaching $406.8 million, a 42.8% increase year-over-year. The GAAP operating margin improved to 6.1%, while the non-GAAP operating margin reached 21.0%. The company's performance was driven by strong growth in the data center and aerospace and defense end markets. For the fourth quarter of fiscal 2026, the company expects net revenue to be between $427 million and $437 million.

Key Highlights

1. 1

   VIAVI's net revenue for the third quarter was $406.8 million, an increase of $122.0 million or 42.8% year-over-year.

2. 2

   The GAAP operating margin for Q3 FY26 was 6.1%, up 310 bps year-over-year.

3. 3

   Non-GAAP operating margin reached 21.0% in the third quarter, up 430 bps year-over-year.

4. 4

   Non-GAAP net income for the third quarter was $67.6 million, up $33.7 million or 99.4% year-over-year.

5. 5

   Non-GAAP diluted EPS for Q3 FY26 was $0.27, up $0.12 or 80.0% year-over-year.

6. 6

   Network and Service Enablement segment revenue was $321.5 million, up 54.4% year-over-year.

7. 7

   The company expects net revenue to be between $427 million to $437 million for Q4 FY26.