Filing Flows › Viavi Solutions (VIAV) › Q3 FY26
Viavi Solutions (VIAV) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 30, 2026
Viavi Solutions (VIAV) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +43% from a year earlier and +10% from the quarter before. Operating margin was 6.1%, net earnings $6.4M (1.6% of revenue).
Viavi Solutions, Q3 FY26: revenue $407M (+43% year over year), operating margin 6.1%, net earnings $6.4M, operating cash flow −$26.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | +10% | +43% |
| Gross profit | $234M | +11% | +46% |
| Operating profit | $24.8M | +118% | +192% |
| Net earnings | $6.4M | — | -67% |
| Operating cash flow | −$26.3M | -162% | -437% |
What changed
Revenue was $406.8M in Q3 FY26, up 43% year over year and up 10% from the previous quarter. Product revenue was the largest line at 88% of revenue. Product revenue added $115.5M year over year (up 48%), 95% of the total change.
Gross margin was 57.5%, up 1.1 points from Q3 FY25. Operating profit was $24.8M, a 6.1% margin (up 3.1 points year over year). Of the extra revenue versus Q3 FY25, 13% reached operating profit, above the 3% margin then. Operating expenses grew 38% against revenue growth of 43%. The fastest-growing cost line was Other operating costs (+2644%). Net earnings were $6.4M, down 67% year over year. The effective tax rate was 53.6%.
Operating cash flow was −$26.3M. Non-cash charges added back $17.7M of depreciation and amortization and $13.9M of share-based compensation. Working capital and other items used $64.3M. Capital expenditures of $5.9M exceeded it, leaving free cash flow of −$32.2M.
Questions
What was Viavi Solutions' revenue in the third quarter fiscal 2026?
Viavi Solutions (VIAV) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +43% from a year earlier and +10% from the quarter before.
Was Viavi Solutions profitable in the third quarter fiscal 2026?
Operating profit was $24.8M (6.1% of revenue) and net earnings $6.4M.
Source: Viavi Solutions 10-Q on SEC EDGAR.