Viavi Solutions (VIAV) financial statements
Viavi Solutions reported revenue of $1.5B in fiscal 2026, up 7.3% a year over 9 years.
Net income was -$30M and the operating margin 6.9%, against 0.9% in 2017.
Free cash flow was $83M, and the company returned $30M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Viavi Solutions's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $805M | $876M | $1.1B | $1.1B | $1.2B | $1.3B | $1.1B | $1.0B | $1.1B | $1.5B |
| Cost of revenue | $326M | $387M | $479M | $471M | $484M | $519M | $467M | $424M | $463M | $643M |
| Gross profit | $479M | $488M | $651M | $665M | $714M | $774M | $639M | $576M | $621M | $875M |
| Research and development | $136M | $133M | $187M | $194M | $203M | $213M | $207M | $202M | $209M | $263M |
| Selling, general and admin | $300M | $324M | $344M | $315M | $338M | $366M | $329M | $333M | $349M | $469M |
| Operating income | $7M | $2M | $67M | $118M | $142M | $185M | $82M | $21M | $58M | $105M |
| Interest expense | $43M | $47M | $34M | $13M | $15M | $23M | $27M | $31M | $30M | $47M |
| Pre-tax income | $180M | -$36M | $39M | $114M | $131M | $65M | $61M | $12M | $39M | $16M |
| Income tax | $21M | $13M | $32M | $65M | $63M | $50M | $35M | $37M | $4M | $48M |
| Net income | $160M | -$49M | $5M | $49M | $68M | $16M | $26M | -$26M | $35M | -$30M |
| EPS (diluted) | $0.68 | -$0.21 | $0.02 | $0.21 | $0.29 | $0.07 | $0.11 | -$0.12 | $0.15 | -$0.13 |
| Diluted shares | 234M | 227M | 231M | 235M | 236M | 238M | 227M | 223M | 226M | 230M |
| Gross margin | 59.5% | 55.8% | 57.6% | 58.5% | 59.6% | 59.8% | 57.8% | 57.6% | 57.3% | 57.7% |
| Operating margin | 0.9% | 0.2% | 6.0% | 10.4% | 11.9% | 14.3% | 7.4% | 2.1% | 5.3% | 6.9% |
| Net margin | 19.9% | -5.5% | 0.5% | 4.3% | 5.6% | 1.2% | 2.3% | -2.6% | 3.2% | -2.0% |
Balance sheet
Fiscal years, from Viavi Solutions's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.4B | $781M | $523M | $540M | $699M | $561M | $521M | $491M | $425M | $650M |
| Receivables | $120M | $219M | $238M | $236M | $256M | $261M | $231M | $213M | $261M | $351M |
| Inventory | $48M | $92M | $103M | $83M | $95M | $110M | $116M | $96M | $118M | $155M |
| Total current assets | $1.7B | $1.2B | $917M | $914M | $1.1B | $1.0B | $945M | $876M | $885M | $1.3B |
| Property, plant and equipment | $137M | $170M | $180M | $172M | $196M | $229M | $243M | $228M | $232M | $224M |
| Goodwill | $152M | $336M | $381M | $381M | $396M | $388M | $455M | $453M | $596M | $701M |
| Total assets | $2.1B | $2.0B | $1.8B | $1.8B | $2.0B | $1.8B | $1.9B | $1.7B | $2.0B | $2.7B |
| Total current liabilities | $229M | $553M | $284M | $233M | $747M | $369M | $344M | $247M | $590M | $680M |
| Total liabilities | $1.3B | $1.3B | $1.2B | $1.1B | $1.2B | $1.2B | $1.2B | $1.1B | $1.2B | $1.3B |
| Shareholders' equity | $804M | $735M | $627M | $633M | $764M | $672M | $691M | $682M | $780M | $1.4B |
| Net debt | -$1.0B | -$611M | -$522M | -$536M | -$241M | -$492M | -$410M | -$471M | -$177M | -$403M |
Cash flow
Fiscal years, from Viavi Solutions's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $94M | $66M | $139M | $136M | $243M | $178M | $114M | $116M | $90M | $114M |
| Capital spending | $39M | $42M | $45M | $32M | $52M | $72M | $51M | $20M | $28M | $31M |
| Free cash flow | $56M | $24M | $94M | $104M | $191M | $106M | $63M | $97M | $62M | $83M |
| Stock-based compensation | $33M | $30M | $38M | $45M | $48M | $52M | $51M | $49M | $53M | $55M |
| Share buybacks (net) | -$92M | -$41M | -$11M | -$44M | -$42M | -$236M | -$84M | -$20M | -$16M | -$30M |
| Free cash flow margin | 6.9% | 2.7% | 8.3% | 9.1% | 15.9% | 8.2% | 5.7% | 9.7% | 5.7% | 5.5% |
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Open VIAV in InvestinglyQuestions
What was Viavi Solutions's revenue in 2026?
$1.5B in fiscal 2026, from its 10-K filing.
How much free cash flow does Viavi Solutions generate?
$83M in fiscal 2026 (operating cash flow minus capital spending).
From Viavi Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.