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Stocks · Technology · Semiconductors & Related Devices

VIAVI SOLUTIONS INC.

VIAV Clue Score35
United States Fiscal year ends June CIK 0000912093
$45.46 +3.11% Close, 9 Oct 2026
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Price $45.46 +198.10% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue805.0Operating income7.0Net income160.2EPS, diluted0.68Fiscal year 2018Revenue875.7 +8.8%Operating income1.9Net income−48.6 −130.3%EPS, diluted−0.21 −130.9%Fiscal year 2019Revenue1,130.3 +29.1%Operating income67.4Net income5.4EPS, diluted0.02Fiscal year 2020Revenue1,136.3 +0.5%Operating income118.1Net income49.0 +807.4%EPS, diluted0.21 +950.0%Fiscal year 2021Revenue1,198.9 +5.5%Operating income142.2Net income67.5 +37.8%EPS, diluted0.29 +38.1%Fiscal year 2022Revenue1,292.4 +7.8%Operating income185.0Net income15.5 −77.0%EPS, diluted0.07 −75.9%Fiscal year 2023Revenue1,106.1 −14.4%Operating income82.4Net income25.5 +64.5%EPS, diluted0.11 +57.1%Fiscal year 2024Revenue1,000.4 −9.6%Operating income20.8Net income−25.8 −201.2%EPS, diluted−0.12 −209.1%Fiscal year 2025Revenue1,084.3 +8.4%Operating income57.5Net income34.8EPS, diluted0.15Fiscal year 2026Revenue1,518.3 +40.0%Operating income105.1Net income−30.4 −187.4%EPS, diluted−0.13 −186.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 805.0 875.7 1,130.3 1,136.3 1,198.9 1,292.4 1,106.1 1,000.4 1,084.3 1,518.3
Growth +8.8% +29.1% +0.5% +5.5% +7.8% −14.4% −9.6% +8.4% +40.0%
Operating income 7.0 1.9 67.4 118.1 142.2 185.0 82.4 20.8 57.5 105.1
Net income 160.2 −48.6 5.4 49.0 67.5 15.5 25.5 −25.8 34.8 −30.4
Growth −130.3% +807.4% +37.8% −77.0% +64.5% −201.2% −187.4%
EPS, diluted 0.68 −0.21 0.02 0.21 0.29 0.07 0.11 −0.12 0.15 −0.13
Growth −130.9% +950.0% +38.1% −75.9% +57.1% −209.1% −186.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin59.5%Operating margin0.9%Net margin19.9%Free cash flow margin6.9%Fiscal year 2018Gross margin55.8%Operating margin0.2%Net margin−5.5%Free cash flow margin2.7%Fiscal year 2019Gross margin57.6%Operating margin6.0%Net margin0.5%Free cash flow margin8.3%Fiscal year 2020Gross margin58.5%Operating margin10.4%Net margin4.3%Free cash flow margin9.1%Fiscal year 2021Gross margin59.6%Operating margin11.9%Net margin5.6%Free cash flow margin15.9%Fiscal year 2022Gross margin59.8%Operating margin14.3%Net margin1.2%Free cash flow margin8.2%Fiscal year 2023Gross margin57.8%Operating margin7.4%Net margin2.3%Free cash flow margin5.7%Fiscal year 2024Gross margin57.6%Operating margin2.1%Net margin−2.6%Free cash flow margin9.7%Fiscal year 2025Gross margin57.3%Operating margin5.3%Net margin3.2%Free cash flow margin5.7%Fiscal year 2026Gross margin57.7%Operating margin6.9%Net margin−2.0%Free cash flow margin5.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 59.5% 55.8% 57.6% 58.5% 59.6% 59.8% 57.8% 57.6% 57.3% 57.7%
Operating margin 0.9% 0.2% 6.0% 10.4% 11.9% 14.3% 7.4% 2.1% 5.3% 6.9%
Net margin 19.9% −5.5% 0.5% 4.3% 5.6% 1.2% 2.3% −2.6% 3.2% −2.0%
Free cash flow margin 6.9% 2.7% 8.3% 9.1% 15.9% 8.2% 5.7% 9.7% 5.7% 5.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow94.3Capital expenditure−38.6Free cash flow55.7Buybacks−92.0Fiscal year 2018Operating cash flow66.0Capital expenditure−42.5Free cash flow23.5 −57.8%Buybacks−40.8Fiscal year 2019Operating cash flow138.8Capital expenditure−45.0Free cash flow93.8 +299.1%Buybacks−11.2Fiscal year 2020Operating cash flow135.6Capital expenditure−31.9Free cash flow103.7 +10.6%Buybacks−44.4Fiscal year 2021Operating cash flow243.3Capital expenditure−52.1Free cash flow191.2 +84.4%Buybacks−42.2Fiscal year 2022Operating cash flow178.1Capital expenditure−72.5Free cash flow105.6 −44.8%Buybacks−235.9Fiscal year 2023Operating cash flow114.1Capital expenditure−51.1Free cash flow63.0 −40.3%Buybacks−83.9Fiscal year 2024Operating cash flow116.4Capital expenditure−19.5Free cash flow96.9 +53.8%Buybacks−20.0Fiscal year 2025Operating cash flow89.8Capital expenditure−27.8Free cash flow62.0 −36.0%Buybacks−16.4Fiscal year 2026Operating cash flow113.9Capital expenditure−31.1Free cash flow82.8 +33.5%Buybacks−30.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 94.3 66.0 138.8 135.6 243.3 178.1 114.1 116.4 89.8 113.9
Capital expenditure −38.6 −42.5 −45.0 −31.9 −52.1 −72.5 −51.1 −19.5 −27.8 −31.1
Free cash flow 55.7 23.5 93.8 103.7 191.2 105.6 63.0 96.9 62.0 82.8
Growth −57.8% +299.1% +10.6% +84.4% −44.8% −40.3% +53.8% −36.0% +33.5%
Buybacks −92.0 −40.8 −11.2 −44.4 −42.2 −235.9 −83.9 −20.0 −16.4 −30.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash1,004.4Shareholders’ equity803.5Fiscal year 2018Cash611.4Shareholders’ equity734.9Fiscal year 2019Cash521.5Shareholders’ equity627.3Fiscal year 2020Cash539.0Total debt681.9Net cash (debt)−142.9Shareholders’ equity633.2Debt to equity1.08Fiscal year 2021Cash697.8Total debt224.1Net cash (debt)473.7Shareholders’ equity763.9Debt to equity0.29Fiscal year 2022Cash559.9Total debt616.5Net cash (debt)−56.6Shareholders’ equity671.7Debt to equity0.92Fiscal year 2023Cash506.5Total debt629.5Net cash (debt)−123.0Shareholders’ equity690.8Debt to equity0.91Fiscal year 2024Cash471.3Total debt636.0Net cash (debt)−164.7Shareholders’ equity681.6Debt to equity0.93Fiscal year 2025Cash423.6Total debt396.3Net cash (debt)27.3Shareholders’ equity780.2Debt to equity0.51Fiscal year 2026Cash647.8Shareholders’ equity1,448.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 1,004.4 611.4 521.5 539.0 697.8 559.9 506.5 471.3 423.6 647.8
Total debt n/a n/a n/a 681.9 224.1 616.5 629.5 636.0 396.3 n/a
Net cash (debt) n/a n/a n/a −142.9 473.7 −56.6 −123.0 −164.7 27.3 n/a
Shareholders’ equity 803.5 734.9 627.3 633.2 763.9 671.7 690.8 681.6 780.2 1,448.5
Debt to equity n/a n/a n/a 1.08 0.29 0.92 0.91 0.93 0.51 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 1 Jul 2017 FY2018 30 Jun 2018 FY2019 29 Jun 2019 FY2020 27 Jun 2020 FY2021 3 Jul 2021 FY2022 2 Jul 2022 FY2023 1 Jul 2023 FY2024 29 Jun 2024 FY2025 28 Jun 2025 FY2026 27 Jun 2026
Assets
1,004.4 611.4 521.5 539.0 697.8 559.9 506.5 471.3 423.6 647.8
120.4 218.6 237.7 235.5 256.5 260.9 231.2 213.1 261.0 351.3
48.0 92.3 102.7 83.3 94.9 110.1 116.1 96.5 117.9 155.3
136.9 170.5 179.9 172.5 196.0 228.9 243.0 228.2 231.9 224.5
151.6 336.3 381.1 381.4 396.5 387.6 455.2 452.9 595.7 700.7
2,110.5 2,026.8 1,815.1 1,776.3 1,961.4 1,827.9 1,850.5 1,736.3 1,993.8 2,705.6
Growth −4.0% −10.4% −2.1% +10.4% −6.8% +1.2% −6.2% +14.8% +35.7%
Liabilities
n/a n/a n/a 2.8 n/a n/a n/a n/a n/a n/a
n/a n/a n/a 679.1 224.1 616.5 629.5 636.0 396.3 n/a
calc n/a n/a n/a 681.9 224.1 616.5 629.5 636.0 396.3 n/a
n/a n/a n/a n/a n/a n/a n/a 1,054.7 1,213.6 1,257.1
Equity
−69,305.8 −69,378.6 −69,384.5 −69,397.2 −69,322.3 −69,542.3 −69,600.7 −69,646.5 −69,628.1 −69,688.5
803.5 734.9 627.3 633.2 763.9 671.7 690.8 681.6 780.2 1,448.5
Growth −8.5% −14.6% +0.9% +20.6% −12.1% +2.8% −1.3% +14.5% +85.7%
Per share and net cash
calc n/a n/a n/a −142.9 473.7 −56.6 −123.0 −164.7 27.3 n/a
228.0 227.0 229.0 228.0 228.0 226.0 222.0 222.0 223.0 247.0
calc 3.52 3.24 2.74 2.78 3.35 2.97 3.11 3.07 3.50 5.86

Lines marked calc are worked out here from filed figures; point at one for how.