Filing Flows › Viavi Solutions (VIAV) › Q1 FY27
Viavi Solutions (VIAV) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 5, 2026
Viavi Solutions (VIAV) reported revenue of $469M for the first quarter fiscal 2027 (Q1 FY27), +57% from a year earlier and +6% from the quarter before. Operating margin was 17.4%, net earnings $76.0M (16.2% of revenue).
Viavi Solutions, Q1 FY27: revenue $469M (+57% year over year), operating margin 17.4%, net earnings $76.0M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $469M | +6% | +57% |
| Gross profit | $287M | +10% | +70% |
| Operating profit | $81.7M | +33% | +975% |
| Net earnings | $76.0M | +132% | — |
| Operating cash flow | $105M | +57% | +238% |
| Free cash flow | $92.7M | +67% | +312% |
What changed
Revenue was $469.3M in Q1 FY27, up 57% year over year and up 6% from the previous quarter. Product revenue was the largest line at 89% of revenue. Product revenue added $158.3M year over year (up 61%), 93% of the total change.
Gross margin was 61.2%, up 4.7 points from Q1 FY26. Operating profit was $81.7M, a 17.4% margin (up 14.9 points year over year). Of the extra revenue versus Q1 FY26, 44% reached operating profit, above the 3% margin then. Operating expenses grew 27% against revenue growth of 57%. The fastest-growing cost line was Other operating costs (+450%). Net earnings were $76.0M. The effective tax rate was 13.5%.
Operating cash flow was $104.7M (up 238% year over year), 138% of net earnings. Non-cash charges added back $17.7M of depreciation and amortization and $15.9M of share-based compensation. Capital expenditures of $12.0M left free cash flow of $92.7M.
Questions
What was Viavi Solutions' revenue in the first quarter fiscal 2027?
Viavi Solutions (VIAV) reported revenue of $469M for the first quarter fiscal 2027 (Q1 FY27), +57% from a year earlier and +6% from the quarter before.
Was Viavi Solutions profitable in the first quarter fiscal 2027?
Operating profit was $81.7M (17.4% of revenue) and net earnings $76.0M.
Source: Viavi Solutions 10-Q on SEC EDGAR.