VIAVI Reports Strong First Quarter Fiscal 2027 Results
News related to:VIAVI · 2 min read
CHANDLER, Ariz., Nov. 4, 2026 /CourierPR/ -- VIAVI, a global leader in test and measurement and optical technologies, reported strong financial results for its fiscal first quarter ended October 3, 2026. The company's net revenue surged to $469.3 million, a significant increase of $170.2 million or 56.9% compared to the same period last year.
Operating margins also improved, with GAAP operating margin reaching 17.4%, up 1,490 basis points year-over-year. Non-GAAP operating margin climbed to 29.0%, marking an increase of 1,270 basis points year-over-year. These improvements reflect the company's robust performance and efficient cost management.
Net income for the quarter was $76.0 million, a substantial rise of $97.4 million or 455.1% year-over-year. Non-GAAP net income reached $125.8 million, up $91.1 million or 262.5% year-over-year. The company's earnings per share (EPS) also saw a significant boost, with GAAP diluted EPS at $0.29, up $0.39 or 390.0% year-over-year. Non-GAAP diluted EPS was $0.47, up $0.32 or 213.3% year-over-year.
Oleg Khaykin, VIAVI's President and Chief Executive Officer, expressed optimism about the company's future prospects.
The company's financial health was further underscored by its liquidity position. As of October 3, 2026, VIAVI held $535.3 million in total cash, short-term investments, and short-term restricted cash. The company also had $250.0 million in aggregate principal amount of 0.625% Senior Convertible Notes and $400.0 million in aggregate principal amount of 3.75% Senior Notes, with a total net carrying value of $642.5 million. During the quarter, the company generated $104.7 million in cash flows from operations.
Geographically, the Americas, Asia-Pacific, and EMEA regions contributed 43.9%, 34.7%, and 21.4% of total net revenue, respectively, for the fiscal first quarter ended October 3, 2026.
Looking ahead, VIAVI is optimistic about its second quarter of fiscal 2027, expecting net revenue to be between $505 million and $515 million, and non-GAAP EPS to be between $0.50 and $0.52. The company's forward-looking statements, however, caution that actual results may differ due to various risks and uncertainties, including market conditions and customer demand.
With the company's strong financial performance and positive outlook, VIAVI appears well-positioned to continue its growth trajectory in the coming quarters.