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Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace, and critical infrastructures in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It operates in two segments, Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides testing, monitoring, assurance, and security solutions that address lab and production environments, network management, service assurance, and AIOps for wireless, wireline, cloud, satellite, public safety, military, and infrastructure networks. This segment also offers instruments, microprobes, and perpetual software licenses that support the development, production, maintenance, and optimization of network systems, as well as product support and professional services comprising repair, calibration, software support, and technical assistance for its products. Its OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell technologies for the anti-counterfeiting, 3D sensing, government and aerospace, automotive, and industrial markets. The company has a strategic partnership with QuNu Labs Pvt. Ltd. for the development of quantum security and advanced network intelligence technologies. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $129M | $35M | $62M | 4.5% | 8.4% | -234.9% |
| 2024 | $1.0B | $99M | $-26M | $97M | -3.8% | -9.6% | -201.2% |
| 2023 | $1.1B | $155M | $26M | $63M | 3.7% | -14.4% | 64.5% |
| 2022 | $1.3B | $161M | $16M | $106M | 2.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,292.40 | 1,106.10 | 1,000.40 | 1,084.30 |
| Operating Revenue | - | 1,292.40 | 1,106.10 | 1,000.40 | 1,084.30 |
| Cost Of Revenue | - | 518.90 | 467.30 | 424.50 | 463.20 |
| Gross Profit | - | 773.50 | 638.80 | 575.90 | 621.10 |
| Operating Expense | - | 588.60 | 544.30 | 541.50 | 562.90 |
| Research And Development | - | 213.20 | 206.90 | 201.90 | 208.70 |
| Selling General And Administration | - | 365.70 | 328.70 | 333.30 | 349.40 |
| Total Expenses | - | 1,107.50 | 1,011.60 | 966 | 1,026.10 |
| Operating Income | - | 184.90 | 94.50 | 34.40 | 58.20 |
| Total Operating Income As Reported | - | 185 | 82.40 | 20.80 | 57.50 |
| EBITDA | - | 161 | 154.80 | 98.60 | 128.90 |
| Normalized EBITDA | - | 261.30 | 171.30 | 108 | 131.30 |
| EBIT | - | 85.60 | 85.30 | 39.90 | 66.20 |
| Interest Income | - | 3.40 | 10.20 | 18.90 | 13.10 |
| Interest Expense | - | 20.50 | 24.60 | 28.30 | 27.60 |
| Net Interest Income | - | -19.90 | -16.90 | -12 | -16.90 |
| Other Non Operating Income Expenses | - | 0.40 | -0.40 | -1.40 | -0.30 |
| Other Income Expense | - | -99.90 | -16.90 | -10.80 | -2.70 |
| Interest Income Non Operating | - | 3.40 | 10.20 | 18.90 | 13.10 |
| Interest Expense Non Operating | - | 20.50 | 24.60 | 28.30 | 27.60 |
| Net Non Operating Interest Income Expense | - | -19.90 | -16.90 | -12 | -16.90 |
| Pretax Income | - | 65.10 | 60.70 | 11.60 | 38.60 |
| Tax Provision | - | 49.60 | 35.20 | 37.40 | 4.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -21.06 | -3.46 | -1.97 | -0.27 |
| Net Income Continuous Operations | - | 15.50 | 25.50 | -25.80 | 34.80 |
| Net Income From Continuing And Discontinued Operation | - | 15.50 | 25.50 | -25.80 | 34.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 15.50 | 25.50 | -25.80 | 34.80 |
| Net Income | - | 15.50 | 25.50 | -25.80 | 34.80 |
| Net Income Common Stockholders | - | 15.50 | 25.50 | -25.80 | 34.80 |
| Net Income Including Noncontrolling Interests | - | 15.50 | 25.50 | -25.80 | 34.80 |
| Normalized Income | - | 94.74 | 38.53 | -18.37 | 36.93 |
| Diluted NI Availto Com Stockholders | - | 15.50 | 25.50 | -25.80 | 34.80 |
| Basic Average Shares | 228.70 | 230.90 | 224.70 | 222.60 | - |
| Diluted Average Shares | 235.90 | 238.20 | 226.60 | 222.60 | - |
| Reconciled Depreciation | - | 75.40 | 69.50 | 58.70 | 62.70 |
| Reconciled Cost Of Revenue | - | 453.20 | 406.50 | 372.10 | 405.30 |
| Total Unusual Items | - | -100.30 | -16.50 | -9.40 | -2.40 |
| Total Unusual Items Excluding Goodwill | - | -100.30 | -16.50 | -9.40 | -2.40 |
| Net Income Discontinuous Operations | 0 | - | - | - | - |
| Earnings From Equity Interest Net Of Tax | - | - | 0 | 0 | 0.60 |
| Special Income Charges | - | -101.70 | -14.30 | -6.30 | -0.70 |
| Other Special Charges | - | 101.80 | 2.20 | -7.30 | - |
| Restructuring And Mergern Acquisition | - | -0.10 | 12.10 | 13.60 | 0.70 |
| Gain On Sale Of Security | - | 1.40 | -2.20 | -3.10 | -1.70 |
| Depreciation Amortization Depletion Income Statement | - | 9.70 | 8.70 | 6.30 | 4.80 |
| Depreciation And Amortization In Income Statement | - | 9.70 | 8.70 | 6.30 | 4.80 |
| General And Administrative Expense | 337.50 | 365.70 | 328.70 | - | - |
| Other Gand A | 302.90 | 327.20 | 290.90 | - | - |
| Salaries And Wages | 34.60 | 38.50 | 37.80 | - | - |
| Total Other Finance Cost | - | 2.80 | 2.50 | 2.60 | 2.40 |
| Amortization | - | 9.70 | 8.70 | 6.30 | 4.80 |
| Amortization Of Intangibles Income Statement | - | 9.70 | 8.70 | 6.30 | 4.80 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Viavi Solutions Inc.this co. | VIAV | $13.1B | 377.19↑ premium | 16.82 | 4.5% | 103.92 |
| Sanmina Corporation | SANM | $15.0B | 61.06 | 6.38 | 10.4% | 30.04 |
| Vicor Corporation | VICR | $14.0B | 117.69 | 19.61 | 16.7% | 132.12 |
| Trimble Inc. | TRMB | $13.0B | 30.62 | 2.22 | 7.3% | 18.02 |
| Tyler Technologies, Inc. | TYL | $12.7B | 40.17 |
| - |
| - |
| - |
| - |
| - |
| 3.42 |
| 8.5% |
| 22.50 |
| Applied Digital Corporation | APLD | $12.6B | -54.60 | 25.35 | -46.4% | -291.51 |
| Skyworks Solutions, Inc. | SWKS | $12.0B | 25.20 | 2.09 | 8.3% | 11.86 |
| Zebra Technologies Corporation | ZBRA | $11.7B | 27.91 | 3.26 | 11.7% | 16.72 |
| GoDaddy Inc. | GDDY | $11.2B | 12.84 | 52.23 | 406.8% | 10.88 |
| Peer Median | - | 29.27 | 4.90 | 9.5% | 17.37 | |