VIAVI SOLUTIONS INC. (VIAV) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — VIAV

Balance Sheet

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	0.50	0.77	0.54	0.37	0.49	0.47	0.45	0.54	0.52	0.58	0.48	0.51	0.59	0.73	0.92	0.67	0.64	0.59
Short-term Investments	0.00	0.00	0.00	0.02	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable	0.32	0.28	0.24	0.25	0.21	0.20	0.21	0.21	0.19	0.22	0.22	0.25	0.27	0.26	0.24	0.26	0.25	0.22
Inventory	0.15	0.14	0.12	0.12	0.09	0.09	0.10	0.12	0.11	0.13	0.12	0.11	0.11	0.11	0.10	0.09	0.09	0.09
Total Current Assets	1.05	1.28	0.99	0.84	0.88	0.86	0.87	0.97	0.92	1.00	0.91	0.95	1.04	1.18	1.33	1.08	1.05	0.96
Property, Plant & Equipment	0.22	0.23	0.23	0.23	0.23	0.23	0.23	0.24	0.24	0.25	0.24	0.23	0.22	0.21	0.20	0.18	0.18	0.18
Goodwill	0.70	0.70	0.59	0.59	0.45	0.46	0.45	0.46	0.45	0.45	0.45	0.39	0.39	0.39	0.39	0.40	0.40	0.39
Intangible Assets	0.40	0.42	0.12	0.14	0.03	0.03	0.04	0.05	0.05	0.06	0.07	0.05	0.06	0.07	0.08	0.10	0.12	0.13
Total Non-current Assets*	1.47	1.50	1.09	1.10	0.84	0.87	0.88	0.89	0.89	0.91	0.92	0.81	0.83	0.84	0.84	0.85	0.87	0.86
Total Assets	2.53	2.78	2.08	1.93	1.73	1.74	1.74	1.86	1.80	1.92	1.83	1.77	1.88	2.02	2.17	1.93	1.92	1.82
Accounts Payable	0.08	0.09	0.07	0.07	0.06	0.05	0.04	0.04	0.04	0.04	0.05	0.06	0.06	0.07	0.07	0.05	0.05	0.05
Short-term Debt	0.24	0.05	0.15	0.24	--	--	0.00	0.10	0.10	0.16	0.07	0.07	0.00	0.00	0.00	--	--	--
Total Current Liabilities	0.65	0.49	0.50	0.54	0.25	0.23	0.23	0.31	0.31	0.41	0.33	0.33	0.26	0.29	0.29	0.27	0.26	0.23
Long-term Debt	0.84	1.22	0.64	0.40	0.64	0.64	0.63	0.63	0.63	0.63	0.62	0.62	0.71	0.76	0.80	--	--	--
Total Non-current Liabilities*	1.03	1.45	0.86	0.66	0.79	0.80	0.81	0.82	0.82	0.82	0.81	0.78	0.91	0.96	1.02	0.84	0.85	0.84
Total Liabilities*	1.68	1.94	1.36	1.20	1.04	1.04	1.04	1.13	1.13	1.24	1.14	1.12	1.17	1.24	1.31	1.12	1.11	1.07
Retained Earnings	(69.72)	(69.73)	(69.68)	(69.64)	(69.66)	(69.66)	(69.61)	(69.59)	(69.60)	(69.59)	(69.55)	(69.53)	(69.53)	(69.47)	(69.39)	(69.38)	(69.38)	(69.39)
Total Stockholder Equity	0.85	0.83	0.72	0.73	0.68	0.70	0.71	0.73	0.68	0.68	0.69	0.65	0.71	0.77	0.86	0.81	0.80	0.75

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Total Revenue	443.10	406.80	369.30	299.10	290.50	284.80	270.80	238.20	252.00	246.00	254.50	247.90	263.60	247.80	284.50	310.20	335.30	315.50	314.80	326.80
Cost of Revenue	181.40	172.70	158.70	130.10	127.00	124.10	110.00	102.10	106.40	108.10	106.50	103.50	117.60	106.80	117.50	125.40	134.20	128.60	124.30	131.80
Gross Profit	261.70	234.10	210.60	169.00	163.50	160.70	160.80	136.10	145.60	137.90	148.00	144.40	146.00	141.00	167.00	184.80	201.10	186.90	190.50	195.00
Research & Development	69.80	71.00	65.90	56.00	57.20	50.00	52.10	49.40	52.50	50.00	49.50	49.90	51.60	50.80	51.90	52.60	54.20	54.90	50.50	53.60
Selling, General & Admin	124.30	113.60	127.10	104.20	89.70	101.30	84.30	74.10	83.10	98.20	74.80	77.20	78.50	80.00	90.00	80.20	96.70	89.00	88.20	91.80
Total Operating Expenses	200.40	209.30	199.20	161.40	148.20	152.20	138.60	124.60	151.30	149.80	125.60	128.40	134.20	143.10	144.10	135.00	153.10	146.10	141.20	148.10
Operating Income	61.30	24.80	11.40	7.60	15.30	8.50	22.20	11.50	(5.70)	(11.90)	22.40	16.00	11.80	(2.10)	22.90	49.80	48.00	40.80	49.30	46.90
Interest Expense	--	--	--	--	--	--	--	--	--	7.70	7.90	7.80	8.10	6.70	6.20	6.10	6.20	6.40	7.10	3.60
Pretax Income	43.50	13.80	(38.70)	(2.30)	--	3.20	18.60	7.20	(9.50)	(15.60)	18.30	18.40	6.40	--	--	--	--	--	--	--
Tax Provision	11.40	7.40	9.70	19.00	2.20	(16.30)	9.50	9.00	12.20	9.00	7.60	8.60	6.50	6.00	10.50	12.20	24.30	9.40	2.30	13.60
Net Income	32.70	6.40	(48.10)	(21.40)	8.00	19.50	9.10	(1.80)	(21.70)	(24.60)	10.70	9.80	(0.10)	(15.40)	8.40	32.60	16.50	19.20	34.60	(54.80)
Basic EPS	--	0.03	(0.21)	(0.10)	0.04	0.09	0.04	(0.01)	(0.10)	(0.11)	0.05	0.04	0.00	(0.07)	0.04	0.14	0.08	0.08	0.15	(0.24)
Diluted EPS	--	0.03	(0.21)	(0.10)	0.03	0.09	0.04	(0.01)	(0.10)	(0.11)	0.05	0.04	0.00	(0.07)	0.04	0.14	0.09	0.08	0.14	(0.24)

Cash Flow Statement

(in millions USD)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Operating Cash Flow	66.70	(26.30)	42.50	31.00	23.80	7.80	44.70	13.50	26.20	19.50	20.40	50.30	23.50	17.80	46.20	26.60	73.60	28.90	22.20	53.40
Capital Expenditures	11.10	5.90	5.60	8.50	5.50	6.80	8.20	7.30	3.80	3.20	5.80	6.70	7.40	10.80	18.10	14.80	19.10	19.30	18.40	15.70
Free Cash Flow*	55.60	(32.20)	36.90	22.50	18.30	1.00	36.50	6.20	22.40	16.30	14.60	43.60	16.10	7.00	28.10	11.80	54.50	9.60	3.80	37.70
Investing Cash Flow	(9.50)	(4.70)	(404.30)	(8.30)	12.30	(124.90)	(4.30)	(11.50)	5.60	(6.90)	(7.70)	(12.60)	(21.80)	(9.40)	(66.20)	(29.70)	(19.80)	(18.70)	(17.70)	(14.80)
Financing Cash Flow	91.80	(231.40)	582.90	97.70	(0.10)	(1.60)	(0.90)	(21.00)	(10.40)	(97.00)	(2.20)	(16.10)	(79.30)	82.00	(25.90)	(26.80)	(59.10)	(148.40)	(185.70)	182.80

* Derived from reported values