About VIAVI Options Inc.
VIAVI Options (NASDAQ: VIAV) is a worldwide chief in check and measurement and optical applied sciences. Its check, monitoring, assurance, and resilient place, navigation and timing options allow and safe important infrastructure starting from information heart ecosystems and communication networks to army, aerospace, railway and first responder communications.
As well as, VIAVI develops and advances applied sciences utilized in high-volume optical functions throughout anti-counterfeiting, client electronics, aerospace, industrial and automotive finish markets.
Key Monetary Highlights
Web income of $369.3 million, up 36.4 % year-over-year. GAAP working margin of three.1%, down from prior 12 months. Non-GAAP working margin of 19.3%, up year-over-year. GAAP internet lack of $48.1 million. Non-GAAP internet earnings of $51.5 million, up about 75% vs. prior 12 months. GAAP EPS of $(0.21) per share and non-GAAP EPS of $0.22 per share.
Restructuring Plan
On January 23, 2026, the Firm permitted a restructuring plan to enhance operational efficiencies, higher align the its workforce with present enterprise wants and strategic progress alternatives and consists of integration of just lately acquired companies. The plan features a world workforce discount, amenities rationalization and asset write-offs.
The Firm expects roughly 5% of its world workforce to be affected. The Firm estimates it would incur whole costs of roughly $32 million in reference to the restructuring plan, together with roughly $24 million in money expenditures, primarily associated to worker severance and associated prices. The Firm expects to acknowledge nearly all of these costs by the top of June 2026 with the restructuring plan considerably accomplished by the top of calendar 2026. The Firm anticipates the restructuring plan to lead to roughly $30 million in annualized value financial savings upon completion.
Third Quarter 2026 Outlook
For the third quarter of fiscal 2026 ending March 28, 2026, the Firm expects internet income to be between $386 million to $400 million and non-GAAP EPS to be between $0.22 to $0.24.
Abstract
In brief, VIAVI delivered robust income progress and profitability on a non-GAAP foundation, regardless of a GAAP loss, and outlined cost-efficiency steps and constructive near-term steerage.
Commercial
