Overview

* Viavi fiscal Q1 revenue grows 25.6% yr/yr, beating analyst expectations, per LSEG data

* Non-GAAP net income rises 166.9% yr/yr, driven by strong demand in key sectors

* Company expects continued momentum and benefits from Spirent acquisition

Outlook

* Viavi expects Q2 fiscal 2026 revenue between $360 mln and $370 mln

* Company anticipates Q2 fiscal 2026 non-GAAP EPS between $0.18 and $0.20

* Viavi sees continued strong demand in data center and aerospace & defense

Result Drivers

* DATA CENTER DEMAND - Strong demand from the data center ecosystem significantly contributed to revenue growth, per CEO Oleg Khaykin

* SPIRENT ACQUISITION - Acquisition of Spirent product lines expected to strengthen position in data center market, per CEO Oleg Khaykin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $299.10 $294.35

Revenue mln mln (7

Analysts

)

Q1 EPS -$0.10

Q1 Gross 56.50%

Margin

Q1 15.70%

Adjusted

Operatin

g Margin

Q1 2.50%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Viavi Solutions Inc ( VIAV ) is $15.00, about 6.7% above its October 28 closing price of $14.00

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)