Filing Flows › Viavi Solutions (VIAV) › Q1 FY26
Viavi Solutions (VIAV) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 30, 2025
Viavi Solutions (VIAV) reported revenue of $299M for the first quarter fiscal 2026 (Q1 FY26), +26% from a year earlier and +3% from the quarter before. Operating margin was 2.5%, net loss $21.4M (7.2% of revenue).
Viavi Solutions, Q1 FY26: revenue $299M (+26% year over year), operating margin 2.5%, net loss $21.4M, operating cash flow $31.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $299M | +3% | +26% |
| Operating profit | $7.6M | -50% | — |
| Net earnings | −$21.4M | -368% | — |
| Operating cash flow | $31.0M | +30% | +130% |
| Free cash flow | $22.5M | +23% | +263% |
What changed
Revenue was $299.1M in Q1 FY26, up 26% year over year and up 3% from the previous quarter. Product revenue was the largest line at 86% of revenue. Product revenue added $59.9M year over year (up 30%), 98% of the total change.
Gross margin was 56.5%, down 0.6 points from a year earlier. Operating profit was $7.6M, a 2.5% margin (down 2.3 points year over year). Operating profit fell $3.9M even though revenue rose $60.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 30% against revenue growth of 26%. The fastest-growing cost line was SG&A (+41%). The quarter ended with a net loss of $21.4M, after a profit of $8.0M the previous quarter.
Operating cash flow was $31.0M (up 130% year over year). Non-cash charges added back $11.3M of depreciation and amortization and $13.4M of share-based compensation. Working capital and other items added $27.7M. Capital expenditures of $8.5M left free cash flow of $22.5M.
Questions
What was Viavi Solutions' revenue in the first quarter fiscal 2026?
Viavi Solutions (VIAV) reported revenue of $299M for the first quarter fiscal 2026 (Q1 FY26), +26% from a year earlier and +3% from the quarter before.
Was Viavi Solutions profitable in the first quarter fiscal 2026?
Operating profit was $7.6M (2.5% of revenue) and net loss $21.4M.
Source: Viavi Solutions 10-Q on SEC EDGAR.