Earnings ·
Reports Q1 FY27 net revenue of $469.3M, up 56.9%, and authorizes new $500M share repurchase program
VIAVViavi Solutions Inc.
VIAVI Solutions reported preliminary results for its fiscal first quarter ended October 3, 2026, with net revenue reaching $469.3 million, a 56.9% increase year-over-year from $299.1 million. GAAP diluted earnings per share rose to $0.29 from $(0.10) in the prior year period, while non-GAAP diluted EPS increased to $0.47 from $0.15. The company also announced that its Board of Directors authorized a new common stock repurchase program allowing for up to $500 million in buybacks, which is in addition to the approximately $18.4 million remaining under its previous 2022 plan. For the second quarter of fiscal 2027, management expects net revenue between $505 million and $515 million and non-GAAP EPS between $0.50 and $0.52. VIAVI Solutions is a global leader in test and measurement and optical technologies for data centers, communications networks, and aerospace markets.