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Vistance Networks (VISN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Vistance Networks (VISN) Q3 2026 earnings results →

Q3 2026 Revenue down 38% year over year to $320M · 322¢ of every $1 of revenue kept as net profit · operating margin 7.2%

Vistance Networks made $320M in Q3 2026 (-38% Y/Y). Operating margin 7.2%, net earnings $1.0B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$320M
Year over year-38%
Operating margin7.2%
Net earnings$1.0B
Operating cash flow−$57.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $319.7M in Q3 2026, down 38% year over year and roughly flat from the previous quarter.

Gross margin was 35.2%, up 11.8 points from Q3 2025. Operating profit was $22.9M, a 7.2% margin (up 9.4 points year over year). Operating expenses fell 32% while revenue fell 38%. Net earnings were $1,030.6M, up 851% year over year. The effective tax rate was -2.0%. Non-operating items added $987.7M, 98% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$57.5M. Non-cash charges added back $22.2M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $1,117.9M. Capital expenditures of $200K exceeded it, leaving free cash flow of −$57.7M.

Quarterly history

Vistance Networks revenue by quarterVistance Networks revenue by quarter$1.1BQ1 2025$1.4BQ2 2025$1.6BQ3 2025$514MQ4 2025$472MQ1 2026$320MQ2 2026$320MQ3 2026
Vistance Networks net earnings by quarterVistance Networks net earnings by quarter$784MQ1 2025$31.8MQ2 2025$108MQ3 2025$1.4BQ4 2025$5.5BQ1 2026$295MQ2 2026$1.0BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$320M-38%7.2%$1.0B−$57.5M
Q2 202610-QAug 6, 2026$320M-38%-2.8%$295M−$72.8M
Q1 202610-QApr 30, 2026$472M+22%5.0%$5.5B−$227M
Q4 202510-KFeb 26, 2026$514M+24%-0.6%$1.4B$281M
Q3 202510-QOct 30, 2025$1.6B+51%18.5%$108M$151M
Q2 202510-QAug 4, 2025$1.4B+32%17.0%$31.8M$77.1M
Q1 202510-QMay 1, 2025$1.1B+24%12.0%$784M−$187M

Charts

Vistance Networks: revenue growth, year over year and quarter over quarterVistance Networks: revenue growth, year over year and quarter over quarterY/YQ/Q+24%Q1 2025+32%+25%Q2 2025+51%+17%Q3 2025+24%-68%Q4 2025+22%-8%Q1 2026-38%-32%Q2 2026-38%+0%Q3 2026
Latest (Q3 2026): Y/Y -38%, Q/Q +0%.
Vistance Networks: where the cash came from (+) and went (−), TTM to Q3 2026Vistance Networks: where the cash came from (+) and went (−), TTM to Q3 2026Asset & business sales$12.4BNet borrowing (+) / repaid (−)−$7.4BOther financing−$4.9BOperating cash flow−$75.6MTaxes on employees’ shares−$67.8MCapital spending−$30.2MCash drawn (+) / kept (−)$22.2MExchange rates$2.1MOther investing$1.9M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Vistance Networks: profit against cash, quarter by quarterVistance Networks: profit against cash, quarter by quarterNet incomeOperating cash flow$6.8M$278MQ4 2024$784M−$187MQ1 2025$31.8M$77.1MQ2 2025$108M$151MQ3 2025$1.4B$281MQ4 2025$5.5B−$227MQ1 2026$295M−$72.8MQ2 2026$1.0B−$57.5MQ3 2026
Latest (Q3 2026): Net income $1.0B, Operating cash flow −$57.5M.
Vistance Networks: diluted shares by fiscal yearVistance Networks: diluted shares by fiscal year197MFY2020204MFY2021207MFY2022211MFY2023214MFY2024230MFY2025
+16.9% since FY2020: more shares outstanding (issuance, stock pay).
Vistance Networks: long-term debt falling due (FY2024)Vistance Networks: long-term debt falling due (FY2024)$1.5B2026$1.8B2027$642M2028$4.4B2029$1.0BLater
Cash $404M, short-term investments —, long-term debt — at 2024-12-31.
Vistance Networks in its industry: growth against margin (18 companies, SIC 3663)Vistance Networks in its industry: growth against margin (18 companies, SIC 3663)revenue growth, year over year →↑ operating marginmedian +40%median 2%QCOMMSIUIHLITAVNWPLCMTLONDSBKSYBKTISATLUMACAIRGKUSTWATTCRVWVUZIVISN (-38%, 7%)
Radio & Tv Broadcasting & Communications Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Vistance Networks

Vistance Networks, Inc. was incorporated in Delaware on October 22, 2010 as CommScope Holding Company, Inc., and our initial public offering for our common stock was on October 25, 2013. Effective January 14, 2026, we changed our legal name from CommScope Holding Company, Inc. to Vistance Networks, Inc. Since our founding as an independent company in 1976, we have played a significant role in many of the world’s leading communication networks. Our evolution has been driven by technological innovation and strategies that expanded our product offerings and complemented our existing solutions.

In its own words, from its 10-K, filed Feb 26, 2026.

Vistance Networks against its Radio & Tv Broadcasting & Communications Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -38% against the peers' median +12%. Operating margin: 7.2% against the peers' median 7.2%.

CompanyQuarterRevenueY/YOp. margin
VISN Vistance NetworksQ3 2026$320M-38%7.2%
QCOM QualcommQ4 FY26$10.3B-8%13.1%
MSI Motorola SolutionsQ3 2026$3.4B+12%23.0%
UI UbiquitiQ1 FY27$1.0B+40%38.1%
HLIT HarmonicQ3 2026$149M+64%17.6%
AVNW Aviat NetworksQ4 FY26$121M+5%4.8%
PL Planet Labs PBCQ2 FY27$116M+58%-11.6%
CMTL Comtech TelecommunicationsQ3 FY26$106M-16%-2.9%
ONDS OndasQ2 2026$83.8M13×-194.5%

Source: Vistance Networks 10-Q on SEC EDGAR · CIK 1517228 · Radio & Tv Broadcasting & Communications Equipment

Guidance and outlook

Vistance Networks: what its forward-looking statements are about (10-Q filed 2026-11-05)Vistance Networks: what its forward-looking statements are about (10-Q filed 2026-11-05)Costs3People2Other2
7 statements; tone -0.14 (−1 all cautious, +1 all confident); 4 hedged.
Vistance Networks: outlook statements against the filing beforeVistance Networks: outlook statements against the filing beforeCautious1

13F: who owns VISN and who is buying

Largest holders of VISN (13F)Largest holders of VISN (13F)Vanguard Group$349MBlackRock$320MCarronade Capital Management, LP$142MVanguard Capital Management LLC$123MGoldman Sachs Group$115MState Street$92.1MMangrove Partners IM, LLC$91.5MVanguard Portfolio Management LLC$89.8MRenaissance Technologies LLC$80.2MGeode Capital Management, LLC$75.2M
Funds' net buying of VISN by quarter (13F)Funds' net buying of VISN by quarter (13F)−$17.8M2024-09$81.3M2024-12$27.0M2025-03$115M2025-06$42.6M2025-09−$13.7M2025-12$169M2026-03$350M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VISN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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