Viavi Solutions Earnings Call Transcripts
Fiscal Year 2026
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A $500 million equity offering will be used to retire high-cost debt, significantly reducing leverage and boosting EPS. Strong growth in AI data center and aerospace/defense segments, combined with disciplined M&A and high operating leverage, positions the company for continued expansion.
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Fiscal Q3 2026 delivered strong revenue and margin growth, driven by robust demand in data center, aerospace, and defense markets, with Spirent and Inertial Labs acquisitions contributing significantly. Guidance for Q4 anticipates continued sequential growth and margin expansion.
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Q2 2026 revenue and margins exceeded guidance, driven by strong data center and aerospace/defense demand. Guidance for Q3 anticipates continued sequential growth, with restructuring and capital allocation focused on high-growth segments.
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Fiscal Q1 2026 saw revenue and margins exceed guidance, driven by strong data center and aerospace/defense demand. The Spirent acquisition boosts annual revenue run rate and margin profile, while guidance for Q2 anticipates continued growth and higher profitability.
Fiscal Year 2025
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Q4 and FY25 results exceeded guidance, with strong revenue and margin growth driven by data center and aerospace/defense demand. Outlook for Q1 FY26 is positive, with muted seasonality and continued growth expected from diversification and recent acquisitions.
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Q3 FY25 saw 15.8% YoY revenue growth and strong margins, driven by fiber/data center and aerospace/defense demand. Tariffs are being managed with supply chain adjustments and customer adders, with minimal order impact so far. Guidance for Q4 is flat, reflecting tariff caution.
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Fiscal Q2 2025 saw revenue, operating margin, and EPS exceed guidance, driven by strong NSC and NE performance and recovery in service provider and hyperscaler demand. The outlook for Q3 is positive, with continued growth expected and the Inertial Labs acquisition expanding the P&T portfolio.
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Fiscal Q1 2025 saw revenue and margins at the low end of guidance, with OSP outperforming and NSE showing early signs of recovery. Guidance for Q2 anticipates higher revenue and margins, driven by improving demand in fiber, wireless, and AI data center markets.
Fiscal Year 2024
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Q4 revenue reached $252M, up sequentially but down year-over-year, with EPS at $0.08. Full-year revenue fell 9.6% due to conservative spending by service providers and NEMs. Gradual demand recovery is expected in the second half of FY25, with data center-driven growth in fiber segments.