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VIAVI SOLUTIONS INC. (VIAV) filed its Q1 2026 10-Q quarterly report on Apr 30, 2026 for the quarter ended Mar 28, 2026. Quarterly revenue was $407M (up 42.8% year over year) with net income of $6M.

Q1 2026 key financials · XBRL

Revenue: $407M; +42.8% YoY · +10.2% QoQ
Net income: $6M; −67.2% YoY · +113.3% QoQ
Operating margin: 6.1%
Gross margin: 57.5%
EPS (diluted): $0.03; −66.7% YoY · +114.3% QoQ

Source: XBRL data from the VIAVI SOLUTIONS INC. (VIAV) Q1 2026 10-Q on SEC EDGAR. USD.

VIAVI SOLUTIONS INC. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Revenue $406.8M, up $122.0M or 42.8% YoY
GAAP operating margin 6.1% vs 3.0%; non-GAAP margin 21.0% vs 16.7%
Best segment NSE revenue $321.5M, up 54.4%; OSP revenue $85.3M, up 11.4%
Gross margin 57.5% vs 56.4%; GAAP net income $6.4M vs $19.5M
Fourth-quarter revenue expected up sequentially; tariff costs, procurement uncertainty, pricing pressure and 5G adoption risks ahead

Risk Factors

Fiscal 2026 restructuring risk added or expanded, with delayed workforce reductions potentially disrupting operations and forfeiting anticipated cost savings
Geopolitical and tariff exposure heightened by evolving U.S. tariffs, retaliatory measures, sanctions, and U.S.-China tensions
Cybersecurity risk intensified through increasingly sophisticated ransomware, malware, phishing, and nation-state attacks
Near-term demand risk from telecom carriers’ uncertain infrastructure maintenance and upgrade spending, particularly affecting NSE
Customer concentration risk, with communication-industry consolidation increasing pricing pressure and dependence on fewer buyers

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

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VIAVI SOLUTIONS INC. (VIAV) Q1 2026 10-Q Quarterly Report