Viavi Solutions Inc. income statement
In fiscal 2026, Viavi Solutions Inc. reported revenue of $1.52bn, up 40.0% on the year before, operating income of $105m (a 6.9% margin) and net income of −$30.4m, or −$0.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jul 2010 | 2011Jul 2011 | 2012Jun 2012 | 2013Jun 2013 | 2014Jun 2014 | 2015Jun 2015 | 2016Jul 2016 | 2017Jul 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jul 2021 | 2022Jul 2022 | 2023Jul 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,364 | 1,782 | 1,662 | 1,677 | 927 | 874 | 906 | 805 | 876 | 1,130 | 1,136 | 1,199 | 1,292 | 1,106 | 1,000 | 1,084 | 1,518 |
| Cost of revenue | 766 | 939 | 898 | 919 | 916 | 354 | 357 | 326 | 387 | 479 | 471 | 485 | 519 | 467 | 425 | 463 | 643 |
| Gross profit | 547 | 786 | 706 | 695 | 528 | 520 | 550 | 479 | 488 | 651 | 665 | 714 | 774 | 639 | 576 | 621 | 875 |
| Research and development | 175 | 238 | 244 | 259 | 162 | 173 | 166 | 136 | 133 | 187 | 194 | 203 | 213 | 207 | 202 | 209 | 263 |
| Selling, general and administrative | 383 | 435 | 427 | 429 | 385 | 376 | 351 | 300 | 324 | 344 | 315 | 338 | 366 | 329 | 333 | 349 | 469 |
| Operating income | −54 | 73 | 0 | −25 | −56 | −76 | −84 | 7 | 2 | 67 | 118 | 142 | 185 | 82 | 21 | 58 | 105 |
| Interest expense | 24 | 25 | 27 | 18 | 29 | 33 | 36 | 43 | 47 | 34 | 13 | 15 | 23 | 27 | 31 | 30 | 47 |
| Income before tax | −57 | 53 | −14 | −47 | −86 | −105 | −46 | 180 | −36 | 39 | 114 | 131 | 65 | 61 | 12 | 39 | 16 |
| Income tax | 3 | −26 | 12 | −104 | −11 | 26 | 5 | 21 | 13 | 32 | 65 | 63 | 50 | 35 | 37 | 4 | 48 |
| Net income | −62 | 72 | −56 | 57 | −18 | −88 | −99 | 160 | −49 | 5 | 49 | 68 | 16 | 26 | −26 | 35 | −30 |
| Diluted EPS | −$0.28 | $0.31 | −$0.24 | $0.24 | −$0.08 | −$0.38 | −$0.42 | $0.68 | −$0.21 | $0.02 | $0.21 | $0.29 | $0.07 | $0.11 | −$0.12 | $0.15 | −$0.13 |
| Diluted shares (average) | 219m | 233m | 230m | 239m | 234m | 233m | 234m | 235m | 227m | 231m | 235m | 236m | 238m | 227m | 223m | 226m | 230m |
| EBITDA | 4 | 137 | 71 | 44 | 17 | 5 | −46 | 36 | 38 | 107 | 158 | 178 | 221 | 119 | 59 | 96 | 146 |
| Quarter | 2025 Q1Sept 2024 | 2025 Q2Dec 2024 | 2025 Q3Mar 2025 | 2025 Q4Jun 2025 | 2026 Q1Sept 2025 | 2026 Q2Dec 2025 | 2026 Q3Mar 2026 | 2026 Q4Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 238 | 271 | 285 | 291 | 299 | 369 | 407 | 443 |
| Cost of revenue | 102 | 110 | 124 | 127 | 130 | 159 | 173 | 181 |
| Gross profit | 136 | 161 | 161 | 164 | 169 | 211 | 234 | 262 |
| Research and development | 49 | 52 | 50 | 57 | 56 | 66 | 71 | 70 |
| Selling, general and administrative | 74 | 84 | 101 | 90 | 104 | 127 | 114 | 124 |
| Operating income | 12 | 22 | 9 | 15 | 8 | 11 | 25 | 61 |
| Interest expense | 8 | 8 | 8 | 8 | 7 | 15 | 14 | 10 |
| Income before tax | 7 | 19 | 3 | 10 | −2 | −39 | 14 | 44 |
| Income tax | 9 | 10 | −16 | 2 | 19 | 10 | 7 | 11 |
| Net income | −2 | 9 | 20 | 8 | −21 | −48 | 6 | 33 |
| Diluted EPS | −$0.01 | $0.04 | $0.09 | $0.03 | −$0.10 | −$0.21 | $0.03 | $0.15 |
| EBITDA | 21 | 32 | 18 | 25 | 17 | 21 | 35 | 72 |
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