Earnings Releases·Nov 5, 2026, 7:11 AM ET

Vistance Networks — Third Quarter 2026 Earnings Summary

Net sales decreased 5.4% year-over-year to $319.7 million, while GAAP income from continuing operations reversed to a $54.7 million profit from a $18.9 million loss in the prior year period; Non-GAAP adjusted EBITDA surged 128.2% to $56.6 million.
Full-year adjusted EBITDA guidance for the Aurora segment was revised downward to $180 million–$200 million due to customer demand delays into 2027, despite a 41% year-over-year increase in orders and a backlog of $410 million.
The Board approved a new $100 million share repurchase program, bringing total 2026 shareholder distributions to $16.50 per share, including a $1.50 special distribution.
The company maintains a debt-free balance sheet with $683.1 million in cash and $842.0 million in total liquidity, while reporting $975.9 million in income from discontinued operations driven by the gain on disposal of CCS and RUCKUS.