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VIAVI Announces Remarkable Fiscal First Quarter 2027 Results

On November 4, 2026, VIAVI Solutions (NASDAQ: VIAV) unveiled its fiscal first quarter results for 2027, showcasing a significant surge in both revenues and profits. The company reported net revenue of $469.3 million, marking a 56.9% increase year-over-year, driven by strong demand across various market segments including data centers and aerospace.

Financial Highlights

Key Figures:

• - Net Revenue: $469.3 million, up from $299.1 million in the same quarter last year
• - GAAP Operating Margin: 17.4%, increased by 1,490 basis points year-over-year
• - Net Income: $76.0 million, which demonstrates a staggering 455.1% rise from the previous year
• - Non-GAAP Net Income: $125.8 million, a 262.5% increase
• - GAAP Diluted Earnings Per Share (EPS): $0.29, an increase of 390.0% year-over-year
• - Non-GAAP Diluted EPS: $0.47, up 213.3%

These results significantly outperformed the upper end of the company’s guidance, reflecting the ongoing demand for the company’s solutions in critical infrastructure across various sectors.

Strong Market Demand

Oleg Khaykin, the President and CEO of VIAVI, attributed this impressive growth to the strong demand within key industries such as data center ecosystems and aerospace and defense markets. The company's robust performance is indicative of its strategic positioning to capture emerging opportunities in high-growth sectors.

Breakdown of Revenue by Segment

In the first quarter, VIAVI's revenue by segment was as follows:

• - Network and Service Enablement: $376.1 million (up 74.1% YOY)
• - Optical Security and Performance Products: $93.2 million (up 12.2% YOY)

This segment diversification highlights VIAVI's ability to leverage its portfolio to meet the varying demands of its customers around the globe.

Operational and Financial Insights

The company reported a gross margin of 61.2%, which is a notable increase from 56.5% in the previous year. The operational efficiency exhibited through a rise in operating income, which reached $81.7 million, showcases effective cost management and a focus on profitability.

As of October 3, 2026, VIAVI held $535.3 million in cash, short-term investments, and restricted cash, providing a solid foundation for future investments and growth opportunities.

Share Repurchase Program

Continuing its commitment to returning value to shareholders, on November 1, 2026, the Board of Directors authorized a new stock repurchase program allowing for the repurchase of up to $500 million worth of common stock. This initiative demonstrates the company’s confidence in its strategic direction and financial stability, as it continues its efforts from a previous buyback program.

Looking Ahead: Q2 Fiscal 2027 Outlook

For the second quarter of fiscal 2027, which will end on January 2, 2027, VIAVI anticipates net revenue to range between $505 million to $515 million with a non-GAAP EPS target of $0.50 to $0.52. The expectations for continuous growth underscore the company’s strong market position and the resilience of its business model.

Conclusion

In summary, VIAVI's outstanding first quarter results reflect the company's strong operational capabilities and market demand across critical technology sectors. As it navigates through this fiscal year, stakeholders can expect continued focus on growth and value creation as the company capitalizes on emerging trends and opportunities across its diverse markets. With a strategic emphasis on growth drivers and financial robustness, VIAVI is well-positioned to maintain its growth trajectory in the coming quarters.

For more detailed financial insights and updates, investors can tune into the live webcast scheduled for November 4, 2026, at 1:30 PM PT, also available for replay on the company's official investor relations website.

For further information about VIAVI, please visit www.viavisolutions.com.