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Diodes vs Viavi Solutions: DIOD and VIAV compared
Diodes is the larger company: $533M of revenue in its latest quarter (Q3 2026) against $469M for Viavi Solutions (Q1 FY27). Viavi Solutions is growing faster (+57% against +36% a year earlier). Viavi Solutions is more profitable, with an operating margin of 17.4% against 11.9%.
Where the money goes: DIOD and VIAV
Diodes (DIOD) · Q3 2026
Diodes, Q3 2026: revenue $533M (+36% year over year), operating margin 11.9%, net earnings $43.7M, operating cash flow $97.2M. The chart follows the revenue to costs, profit and cash.
Viavi Solutions (VIAV) · Q1 FY27
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.
| Diodes (DIOD) | Viavi Solutions (VIAV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $533M | $469M |
| Revenue growth, Y/Y | +36% | +57% |
| Gross margin | 36.1% | 61.2% |
| Operating margin | 11.9% | 17.4% |
| Net earnings | $43.7M | $76.0M |
| Net margin | 8.2% | 16.2% |
| Operating cash flow | $97.2M | $105M |
| Free cash flow | $43.9M | $92.7M |
| Market value | $3.6B | $7.6B |
| P/E | 27.4× | 117.5× |
| Analysts’ mean target | $142.50 | $58.14 |
Where the revenue comes from
Diodes
- Distributor: $358M (67%)
- Direct Sales: $174M (33%)
Viavi Solutions
- Product revenue: $416M (89%)
- Service revenue: $53.6M (11%)
Questions
Which is bigger, Diodes or Viavi Solutions?
Diodes is the larger company: $533M of revenue in its latest quarter (Q3 2026) against $469M for Viavi Solutions (Q1 FY27).
Is Diodes or Viavi Solutions growing faster?
Viavi Solutions is growing faster (+57% against +36% a year earlier).
Which is more profitable, Diodes or Viavi Solutions?
Viavi Solutions is more profitable, with an operating margin of 17.4% against 11.9%.
More: Diodes earnings · how Diodes makes money · Viavi Solutions earnings · how Viavi Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.