10-Q quarterly report · filed Oct 30, 2025

VIAVI SOLUTIONS INC. (VIAV) Q3 2025 10-Q Quarterly Report

Short answer

VIAVI SOLUTIONS INC. (VIAV) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 27, 2025. Quarterly revenue was $299M (up 25.6% year over year) with net income of −$21M.

Q3 2025 key financials · XBRL

Revenue
$299M
+25.6% YoY
Net income
−$21M
−1088.9% YoY
Operating margin
2.5%
Gross margin
56.5%
EPS (diluted)
−$0.10
−900.0% YoY

Source: XBRL data from the VIAVI SOLUTIONS INC. (VIAV) Q3 2025 10-Q on SEC EDGAR. USD.

VIAVI SOLUTIONS INC. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $299.1M, up $60.9M or 25.6% YoY
  • GAAP operating margin 2.5% vs 4.8%; non-GAAP margin 15.7% vs 10.0%
  • NSE revenue $216.0M, up 35.5%; OSP revenue $83.1M, up 5.5%
  • Inertial Labs contributed $18.7M revenue; restructuring expected to deliver approximately $25.0M annualized savings
  • Q2 outlook: NSE expected up; tariff costs, procurement timing, competition and 5G adoption uncertainty as headwinds

Risk Factors

  • Newly triggered federal shutdown risk: October 2025 U.S. government shutdown could delay aerospace and defense demand if prolonged
  • Most materially updated acquisition risk: Spirent business acquisition completed October 16, 2025, creating integration costs, employee turnover, litigation, and regulatory exposure
  • Regulatory risk: U.S.-China tensions and proposed sanctions on Chinese defense and surveillance entities could restrict technology transfers and regional revenues
  • Near-term market risk: Virtualized networks and software solutions may reduce demand for legacy NSE hardware and intensify competition
  • Financial risk: Concentrated customer base increases exposure to order reductions, pricing pressure, and unfavorable contract terms

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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