Earnings Releases·Nov 4, 2026, 4:17 PM ET

VIAVI Solutions — First Quarter Fiscal 2027 Earnings Summary

Net revenue surged 56.9% year-over-year to $469.3 million, while GAAP net income flipped to a $76.0 million profit from a $21.4 million loss in the prior year period.
Operating margins expanded significantly, with GAAP operating margin reaching 17.4% (up 1,490 bps YoY) and Non-GAAP net income rising 262.5% to $125.8 million.
The company raised Q2 FY2027 revenue guidance to $505–$515 million and Non-GAAP EPS to $0.50–$0.52, citing strong demand in data center and aerospace/defense sectors.
The Board authorized a new $500 million stock repurchase program, adding to the $300 million 2022 plan with $18.4 million remaining.
Future outlook remains positive driven by market demand, though management noted challenges in forecasting GAAP reconciliation due to timing of restructuring and acquisition integration charges.