| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 319.60 | 32.3% | 77.0% |
| Total Income | 319.60 | 32.3% | 77.0% |
| Expenditure | 328.50 | 26.7% | 71.5% |
| PBT | -2.60 | 105.6% | 103.7% |
| Net Profit | 295.20 | 94.6% | 828.3% |
| OPM | -2.79% | 7.81pp | 19.79pp |
| NPM | 92.36% | 7.63pp | 90.07pp |
| EPS | 1.25 | 94.9% | 1685.7% |
Vistance Networks Reports Q2 2026 Results
06 Aug 2026 · 6 Aug, 4:42 pm
Summary
Vistance Networks reported second quarter 2026 net sales of $319.6 million, a 1.4% decrease year-over-year. GAAP income from continuing operations significantly improved to $26.1 million from a loss of $5.9 million in Q2 2025. However, non-GAAP adjusted EBITDA and core non-GAAP adjusted EBITDA saw substantial declines of 32.1% and 43.3% respectively, attributed to factors like strong license sales in the prior year and memory chip pricing. The company highlighted the successful closing of the RUCKUS transaction and plans for a special distribution, positioning the business for future value creation with an expectation of ending the year with significant cash and no debt.
Key Highlights
- 1
Vistance Networks reported net sales of $319.6 million for the second quarter of 2026.
- 2
GAAP income from continuing operations was $26.1 million for Q2 2026, an increase from $5.9 million in the prior year period.
- 3
Non-GAAP adjusted EBITDA decreased by 32.1% year-over-year to $35.8 million in Q2 2026.
- 4
Core non-GAAP adjusted EBITDA decreased by 43.3% year-over-year to $45.5 million in Q2 2026.
- 5
The company completed the sale of its RUCKUS segment on July 1, 2026, as part of its divestiture strategy.
- 6
Vistance Networks expects to end the year with between $700 and $750 million of cash with no outstanding debt following a special distribution.
Management Comments
Chuck Treadway
This morning, in conjunction with the closing of the RUCKUS transaction on July 1, 2026, we announced the plan for a special distribution of $5.00 per share to be paid by the end of August 2026. Upon payment of this special distribution, in total, we will have returned $15.00 per share or $3.4 billion to our shareholders this year while repaying all debt and redeeming all preferred equity. We are pleased with the outcome of our divestiture strategy as it has unlocked significant value for our shareholders while positioning the business for future value creation. Following, the special distribution, we expect to end the year with between $700 and $750 million of cash with no outstanding debt allowing us to further invest in Vistance. In addition in 2027, we expect a tax refund of $160 million related to our divesture tax strategy. We will have significant funds to evaluate growth opportunities including organic and inorganic investments. These investments could range from investing more aggressively in existing or new technology to evaluating potential acquisitions to broaden the markets we participate in, our technology portfolio and our customer base. As part of our investment strategy, we will continue to evaluate stock buybacks under the $100 million of authority the Board has approved for the buyback program.
Kyle Lorentzen
The Aurora business delivered $319 million of revenue and $46 million of Adjusted EBITDA in the second quarter. This was generally aligned with our expectations and down versus the prior year due to strong license sales in the second quarter of 2025, memory chip pricing and stranded costs associated with the divestitures. Our full year adjusted EBITDA guideposts of $200 to $225 million are down $25 million versus the first quarter guideposts driven by continued challenges with memory chip pricing and availability. We remain confident in the underlying demand for our products.
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