Filing Flows › Viavi Solutions (VIAV) › Q2 FY26
Viavi Solutions (VIAV) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 29, 2026
Viavi Solutions (VIAV) reported revenue of $369M for the second quarter fiscal 2026 (Q2 FY26), +36% from a year earlier and +23% from the quarter before. Operating margin was 3.1%, net loss $48.1M (13.0% of revenue).
Viavi Solutions, Q2 FY26: revenue $369M (+36% year over year), operating margin 3.1%, net loss $48.1M, operating cash flow $42.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $369M | +23% | +36% |
| Operating profit | $11.4M | +50% | — |
| Net earnings | −$48.1M | — | — |
| Operating cash flow | $42.5M | +37% | -5% |
| Free cash flow | $36.9M | +64% | +1% |
What changed
Revenue was $369.3M in Q2 FY26, up 36% year over year and up 23% from the previous quarter. Product revenue was the largest line at 86% of revenue. Product revenue added $91.6M year over year (up 41%), 93% of the total change.
Gross margin was 57.0%, down 2.4 points from a year earlier. Operating profit was $11.4M, a 3.1% margin (down 5.1 points year over year). Operating profit fell $10.8M even though revenue rose $98.5M versus a year earlier, so costs grew faster than sales. Operating expenses grew 44% against revenue growth of 36%. The fastest-growing cost line was Other operating costs (+182%). The quarter ended with a net loss of $48.1M, wider than the previous quarter's $21.4M loss. Net interest and other expense of $49.8M was the main reason.
Operating cash flow was $42.5M (down 5% year over year). Non-cash charges added back $16.3M of depreciation and amortization and $13.9M of share-based compensation. Working capital and other items added $60.4M. Capital expenditures of $5.6M left free cash flow of $36.9M.
Questions
What was Viavi Solutions' revenue in the second quarter fiscal 2026?
Viavi Solutions (VIAV) reported revenue of $369M for the second quarter fiscal 2026 (Q2 FY26), +36% from a year earlier and +23% from the quarter before.
Was Viavi Solutions profitable in the second quarter fiscal 2026?
Operating profit was $11.4M (3.1% of revenue) and net loss $48.1M.
Source: Viavi Solutions 10-Q on SEC EDGAR.