Filing Flows › Viavi Solutions (VIAV) › Q1 FY27 › vs Q1 FY26
Viavi Solutions (VIAV) Q1 FY27 vs Q1 FY26 (year over year)
Viavi Solutions's revenue rose $170M (+57%) from $299M in Q1 FY26 to $469M in Q1 FY27. The biggest changes: Product revenue +$158M (+61%); Service revenue +$11.9M (+29%). Gross margin 61.2% against 56.5% (+4.7 pts).
Viavi Solutions, Q1 FY27: revenue $469M (+57% year over year), operating margin 17.4%, net earnings $76.0M, operating cash flow $105M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 61.2% | 56.5% | +4.7 pts |
| Operating margin | 17.4% | 2.5% | +14.9 pts |
| Net margin | 16.2% | -7.2% | +23.3 pts |
| Free cash flow margin | 19.8% | 7.5% | +12.2 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product revenue | $416M | $257M | $158M | +61% |
| Service revenue | $53.6M | $41.7M | $11.9M | +29% |
| Revenue | $469M | $299M | $170M | +57% |
| Gross profit | $287M | $169M | $118M | +70% |
| Cost of revenue | $182M | $130M | $51.9M | +40% |
| Other income, net | $6.2M | −$10.0M | $16.2M | — |
| Operating profit | $81.7M | $7.6M | $74.1M | +975% |
| Operating expenses | $206M | $161M | $44.2M | +27% |
| Pre-tax earnings | $87.9M | −$2.4M | $90.3M | — |
| Research & development | $69.5M | $56.0M | $13.5M | +24% |
| SG&A | $130M | $104M | $25.3M | +24% |
| Other operating costs | $6.6M | $1.2M | $5.4M | +450% |
| Net earnings | $76.0M | −$21.4M | $97.4M | — |
| Income tax | $11.9M | $19.0M | −$7.1M | -37% |
| Depreciation & amortization | $17.7M | $11.3M | $6.4M | +57% |
| Share-based compensation | $15.9M | $13.4M | $2.5M | +19% |
| Working capital & other | $4.9M | −$27.7M | $32.6M | — |
| Operating cash flow | $105M | $31.0M | $73.7M | +238% |
| Free cash flow (OCF − capex) | $92.7M | $22.5M | $70.2M | +312% |
| Capital expenditures | $12.0M | $8.5M | $3.5M | +41% |
Questions
How much did Viavi Solutions's revenue grow year over year in Q1 FY27?
Viavi Solutions's revenue rose $170M (+57%) from $299M in Q1 FY26 to $469M in Q1 FY27.
What drove Viavi Solutions's revenue change in Q1 FY27?
Product revenue +$158M (+61%); Service revenue +$11.9M (+29%).