Filing Flows › Viavi Solutions (VIAV) › Q1 FY27 › vs Q4 FY26
Viavi Solutions (VIAV) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Viavi Solutions's revenue rose $26.2M (+6%) from $443M in Q4 FY26 to $469M in Q1 FY27. The biggest changes: Product revenue +$22.8M (+6%); Service revenue +$3.4M (+7%). Gross margin 61.2% against 59.1% (+2.2 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 61.2% | 59.1% | +2.2 pts |
| Operating margin | 17.4% | 13.8% | +3.6 pts |
| Net margin | 16.2% | 7.4% | +8.8 pts |
| Free cash flow margin | 19.8% | 12.5% | +7.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Product revenue | $416M | $393M | $22.8M | +6% |
| Service revenue | $53.6M | $50.2M | $3.4M | +7% |
| Revenue | $469M | $443M | $26.2M | +6% |
| Gross profit | $287M | $262M | $25.6M | +10% |
| Cost of revenue | $182M | $181M | $600K | +0.3% |
| Other income, net | $6.2M | −$17.2M | $23.4M | — |
| Operating profit | $81.7M | $61.3M | $20.4M | +33% |
| Operating expenses | $206M | $200M | $5.2M | +3% |
| Pre-tax earnings | $87.9M | $44.1M | $43.8M | +99% |
| Research & development | $69.5M | $69.8M | −$300K | -0.4% |
| SG&A | $130M | $124M | $5.2M | +4% |
| Other operating costs | $6.6M | $6.3M | $300K | +5% |
| Net earnings | $76.0M | $32.7M | $43.3M | +132% |
| Income tax | $11.9M | $11.4M | $500K | +4% |
| Depreciation & amortization | $17.7M | $17.6M | $100K | +0.6% |
| Share-based compensation | $15.9M | $14.2M | $1.7M | +12% |
| Working capital & other | $4.9M | −$2.2M | $7.1M | — |
| Operating cash flow | $105M | $66.7M | $38.0M | +57% |
| Free cash flow (OCF − capex) | $92.7M | $55.6M | $37.1M | +67% |
| Capital expenditures | $12.0M | $11.1M | $900K | +8% |
Questions
How much did Viavi Solutions's revenue grow quarter over quarter in Q1 FY27?
Viavi Solutions's revenue rose $26.2M (+6%) from $443M in Q4 FY26 to $469M in Q1 FY27.
What drove Viavi Solutions's revenue change in Q1 FY27?
Product revenue +$22.8M (+6%); Service revenue +$3.4M (+7%).