Results of Operations and Financial Condition · Other Events
Item 2.02. Results of Operations and Financial Condition. On November 4, 2026, Viavi Solutions Inc. (the “Company”) reported its preliminary results for its fiscal first quarter ended October 3, 2026. A copy of the Company’s press release is furnished herewith and attached hereto as Exhibit 99.1.…
Filed Nov 4, 2026Accepted Nov 4, 2026, 4:17 PM ESTCIK 912093Accession 0001628280-26-070170
VIAVI (NASDAQ: VIAV) is a global leader in test and measurement and optical technologies. Our test and measurement, and resilient position, navigation and timing solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications. In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.
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Item 2.02Item 2.02 - Results of Operations
Item 2.02. Results of Operations and Financial Condition.
On November 4, 2026, Viavi Solutions Inc. (the “Company”) reported its preliminary results for its fiscal first quarter ended October 3, 2026. A copy of the Company’s press release is furnished herewith and attached hereto as Exhibit 99.1.
The information in Item 2.02 and Exhibit 99.1 of this Current Report on Form 8-K is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
On November 1, 2026, the Board of Directors authorized a new common stock repurchase program that will allow the Company to repurchase up to $500 million of the Company’s common stock. This authorization is in addition to the $300 million previously authorized by the Board of Directors under the 2022 Repurchase Plan, which has approximately $18.4 million remaining. Under the new repurchase program, the Company may purchase shares of common stock from time to time through a variety of methods, which may include but are not limited to open market purchases, the implementation of a 10b5-1 plan, accelerated stock repurchases, privately negotiated transactions and/or any other available methods in accordance with Securities and Exchange Commission and other applicable legal requirements. The Company is not obligated to repurchase any particular amount of common stock, and the repurchase program will remain in effect until the amount authorized has been fully repurchased or until the Company suspends or terminates the program.
Filed exhibits (1)
EX-99.1 (by filename) viavq1fy278-kex991.htm
Exhibit 99.1
VIAVI Announces First Quarter Fiscal 2027 Results
Chandler, Arizona, November 4, 2026 - VIAVI (NASDAQ: VIAV) today reported results for its fiscal first quarter ended October 3, 2026 with the following highlights.
First Quarter
• Net revenue of $469.3 million, up $170.2 million or 56.9% year-over-year
• GAAP operating margin of 17.4%, up 1,490 bps year-over-year
• Non-GAAP operating margin of 29.0%, up 1,270 bps year-over-year
• GAAP net income of $76.0 million, up $97.4 million or 455.1% year-over-year
• Non-GAAP net income of $125.8 million, up $91.1 million or 262.5% year-over-year
• GAAP diluted earnings per share (EPS) of $0.29, up $0.39 or 390.0% year-over-year
• Non-GAAP diluted EPS of $0.47, up $0.32 or 213.3% year-over-year
“Fiscal 2027 is off to a strong start with first quarter performance coming in above the high end of our guidance. We expect our growth momentum to continue driven by the inherent market demand and expanding opportunities in data center and aerospace and defense end markets,” said Oleg Khaykin, VIAVI's President and Chief Executive Officer.
Financial Overview:
The tables below (in millions, except percentage and per share data)…