Jun 2026 (Q4 FY26) — Aug 5, 2026
Viavi Solutions Q4 FY26 — Strong Data Center & A&D Demand Drives Beat, Q1 FY27 Guidance Raised
Read the full callViavi Solutions earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 443 | +52.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.8 | +8.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 32.7 | +308.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
51 of 54 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| NSE segment quarterly operating margin (Q4 FY26 guide) | 18.7%, plus or minus 50 basis points | Mar 2026 | NSE operating margin was above our guidance range of 18.2% to 19.2%, mainly as a result of higher fall-through. | Achieved |
| Long-term leverage ratio target (gross and net debt/EBITDA) | less than 4x gross leverage and well below 3x net leverage over the long term | Mar 2025 | The proceeds were used to pay off the remaining balance of the term loan B and the excess amount is included in the cash balance at the end of the quarter. | On Track |
3 of VIAVI SOLUTIONS INC.'s 75 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 73 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $13.04 on 17 Oct 2025 → $34.98. High $55.33 (1 May 2026), low $13.04 (17 Oct 2025).
Overview
Guidance
51 of 54 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| NSE segment quarterly operating margin (Q4 FY26 guide) | 18.7%, plus or minus 50 basis points | Mar 2026 | NSE operating margin was above our guidance range of 18.2% to 19.2%, mainly as a result of higher fall-through. | Achieved |
| Long-term leverage ratio target (gross and net debt/EBITDA) | less than 4x gross leverage and well below 3x net leverage over the long term | Mar 2025 | The proceeds were used to pay off the remaining balance of the term loan B and the excess amount is included in the cash balance at the end of the quarter. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 75 tracked commitments, with each call’s wording and source.
Call summaries
Viavi Solutions Q4 FY26 — Strong Data Center & A&D Demand Drives Beat, Q1 FY27 Guidance Raised
Read the full callViavi Solutions Q3 FY26 — Strong Data Center and Aerospace & Defense Demand Drives Beat
Read the full callEvery analysed call
Financials
Net profit, year on year: +309% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 238 | 271 | 285 | 291 | 299 | 369 | 407 | 443 |
| Operating profit | 12 | 22 | 9 | 15 | 8 | 11 | 25 | 61 |
| Operating margin | 4.8% | 8.2% | 3.0% | 5.3% | 2.5% | 3.1% | 6.1% | 13.8% |
| Interest | 8 | 8 | 8 | 8 | 7 | 15 | 14 | 10 |
| Profit before tax | 7 | 19 | 3 | 10 | -2 | -39 | 14 | 44 |
| Tax rate | 125.0% | 51.1% | −509.4% | 22.9% | −826.1% | −25.1% | 53.6% | 26.2% |
| Net profit | -2 | 9 | 20 | 8 | -21 | -48 | 6 | 33 |
| EPS ($ per share) | -0.01 | 0.04 | 0.09 | — | -0.10 | -0.21 | 0.03 | — |
| Line item | Jun 2019 | Jun 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -69,384 | -69,347 | -69,322 | -69,542 | -69,601 | -69,646 | -69,628 | -69,688 |
| Total liabilities | 1,188 | 1,143 | 1,198 | 1,156 | 1,160 | 1,055 | 1,214 | 1,257 |
| Fixed assets | 180 | 173 | 196 | 229 | 243 | 228 | 232 | 225 |
| Investments | 2 | 2 | 2 | 0 | 0 | 20 | 2 | 2 |
| Total assets | 1,815 | 1,776 | 1,961 | 1,828 | 1,851 | 1,736 | 1,994 | 2,706 |
| Line item | Jun 2019 | Jun 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 139 | 136 | 243 | 178 | 114 | 116 | 90 | 114 |
| Cash from investing | 81 | -30 | -49 | -71 | -127 | -22 | -128 | -427 |
| Cash from financing | -300 | -72 | -59 | -210 | -50 | -126 | -24 | 541 |
| Net cash flow | -94 | 17 | 161 | -136 | -57 | -34 | -50 | 228 |
| Capital expenditure | -45 | -32 | -52 | -72 | -51 | -19 | -28 | -31 |
| Free cash flow | 94 | 104 | 191 | 106 | 63 | 97 | 62 | 83 |
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Network and Service Enablement | — | — | — | 72% | — | — | — | 80% | +69.2% |
| Optical Security and Performance Products Business | — | — | — | — | 28% | 21% | 21% | 20% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q4 FY2026 · share of revenue
As VIAV cuts its regions in its filings; they can nest, so they need not add to 100%.
159 filings between Nov 3, 2025 and Sep 23, 2026.
Purchases
None
No insider bought shares.
Sales
$61.79M
65 sales by 14 insiders
8% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| KHAYKIN OLEG | — | $35.98M | May 8, 2026 |
| Daskal Ilan | — | $5.02M | Aug 31, 2026 |
| BELLUZZO RICHARD | — | $3.49M | May 4, 2026 |
| SCRIVANICH LUKE M | — | $3.28M | Sep 23, 2026 |
| Black Laura A. | — | $3.27M | Aug 17, 2026 |
| BARNES KEITH | — | $3.14M | Nov 10, 2025 |
| Staley Gary W | — | $2.29M | Feb 5, 2026 |
| Siebert Kevin Christopher | — | $1.68M | May 4, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 23, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Sale 10b5-1 plan | 35,866 | $1.30M |
| Sep 22, 2026 | Staley Gary W SVP Global Sales NSE | Tax withheld | 8,944 | $325.6K |
| Sep 22, 2026 | Siebert Kevin Christopher SVP Gen. Counsel & Secretary | Option exercise | 23,148 | $0 |
| Sep 22, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Tax withheld | 10,408 | $378.9K |
| Sep 22, 2026 | Siebert Kevin Christopher SVP Gen. Counsel & Secretary | Tax withheld | 10,440 | $380.0K |
| Sep 22, 2026 | Siebert Kevin Christopher SVP Gen. Counsel & Secretary | Option exercise | 17,256 | $0 |
| Sep 22, 2026 | Staley Gary W SVP Global Sales NSE | Tax withheld | 13,013 | $473.7K |
| Sep 22, 2026 | Siebert Kevin Christopher SVP Gen. Counsel & Secretary | Tax withheld | 7,783 | $283.3K |
| Sep 22, 2026 | Siebert Kevin Christopher SVP Gen. Counsel & Secretary | Tax withheld | 7,175 | $261.2K |
| Sep 22, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Option exercise | 19,318 | $0 |
| Sep 22, 2026 | KHAYKIN OLEG President & CEO | Tax withheld | 101,420 | $3.69M |
| Sep 22, 2026 | Staley Gary W SVP Global Sales NSE | Option exercise | 22,728 | $0 |
| Sep 22, 2026 | Petrucci Anthony Michael SVP, Chief Operations Officer | Tax withheld | 5,012 | $182.4K |
| Sep 22, 2026 | Petrucci Anthony Michael SVP, Chief Operations Officer | Option exercise | 18,490 | $0 |
| Sep 22, 2026 | Staley Gary W SVP Global Sales NSE | Option exercise | 24,654 | $0 |
| Sep 22, 2026 | Siebert Kevin Christopher SVP Gen. Counsel & Secretary | Option exercise | 15,909 | $0 |
| Sep 22, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Tax withheld | 11,290 | $411.0K |
| Sep 22, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Option exercise | 28,108 | $0 |
| Sep 22, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Option exercise | 22,188 | $0 |
| Sep 22, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Tax withheld | 9,829 | $357.8K |
| Sep 22, 2026 | Staley Gary W SVP Global Sales NSE | Option exercise | 33,069 | $0 |
| Sep 22, 2026 | KHAYKIN OLEG President & CEO | Option exercise | 236,685 | $0 |
| Sep 22, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Option exercise | 20,455 | $0 |
| Sep 22, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Tax withheld | 14,302 | $520.6K |
| Sep 22, 2026 | KHAYKIN OLEG President & CEO | Tax withheld | 122,429 | $4.46M |
| Sep 22, 2026 | KHAYKIN OLEG President & CEO | Option exercise | 285,714 | $0 |
| Sep 22, 2026 | KHAYKIN OLEG President & CEO | Tax withheld | 71,092 | $2.59M |
| Sep 22, 2026 | KHAYKIN OLEG President & CEO | Option exercise | 165,909 | $0 |
| Sep 22, 2026 | Daskal Ilan EVP, CFO | Tax withheld | 32,079 | $1.17M |
| Sep 22, 2026 | Daskal Ilan EVP, CFO | Option exercise | 71,127 | $0 |
| Sep 22, 2026 | Daskal Ilan EVP, CFO | Tax withheld | 37,285 | $1.36M |
| Sep 22, 2026 | Daskal Ilan EVP, CFO | Option exercise | 82,671 | $0 |
| Sep 22, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Tax withheld | 11,603 | $422.3K |
| Sep 22, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Option exercise | 22,804 | $0 |
| Sep 22, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Tax withheld | 15,143 | $551.2K |
| Sep 22, 2026 | Staley Gary W SVP Global Sales NSE | Tax withheld | 9,702 | $353.2K |
| Sep 22, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Option exercise | 29,761 | $0 |
| Sep 11, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Sale | 3,523 | $137.3K |
| Sep 11, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Sale | 7,509 | $292.6K |
| Aug 31, 2026 | Daskal Ilan EVP, CFO | Sale | 26,033 | $944.7K |
| Aug 31, 2026 | Daskal Ilan EVP, CFO | Sale | 30,257 | $1.10M |
| Aug 31, 2026 | SCRIVANICH LUKE M SVP General Manager OSP | Sale 10b5-1 plan | 23,911 | $869.6K |
| Aug 28, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Tax withheld | 6,553 | $239.4K |
| Aug 28, 2026 | KHAYKIN OLEG President & CEO | Tax withheld | 47,395 | $1.73M |
| Aug 28, 2026 | KHAYKIN OLEG President & CEO | Option exercise | 126,984 | $0 |
| Aug 28, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Option exercise | 18,739 | $0 |
| Aug 28, 2026 | McNab Paul EVP, Chief Mktg & Stgy Officer | Tax withheld | 9,535 | $348.4K |
| Aug 28, 2026 | KHAYKIN OLEG President & CEO | Option exercise | 105,194 | $0 |
| Aug 28, 2026 | KHAYKIN OLEG President & CEO | Tax withheld | 45,076 | $1.61M |
| Aug 28, 2026 | KHAYKIN OLEG President & CEO | Tax withheld | 54,413 | $1.99M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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