Viavi Solutions Inc
VIAV—
Build a strategy around VIAV
Viavi Solutions Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 592M is 82% of equity (724M) - acquisition-heavy strategy creates material impairment risk if end markets weaken[Goodwill]
- EPS TTM of $0.08 down 45% over 3Y despite flat revenue - margin compression accelerating, not stabilizing[EPS Growth 3Y]
- P/E of 238x vs industry median 32x (7.3x premium) for company with 1.3% net margin and negative EPS growth[P/E Ratio]
Watch Triggers
- Operating Margin TTM: Falls below 3% or rises above 8% — At 4.7% now, direction determines if cost cuts are working or revenue decline accelerating
- Goodwill: Any impairment charge announced — 592M goodwill vs 724M equity - impairment would devastate book value
- Total Revenue TTM: Quarterly revenue exceeds 300M (annualized 1.2B+) — Revenue growth is only path to operating leverage given fixed R&D/SG&A base
Bull Case
Gross margin of 57% TTM (vs 42% industry median) shows pricing power; if revenue grows, operating leverage could be significant
Gross Margin TTMOperating Expense TTM
Cash of 544M covers current debt 151M 3.6x; FCF positive at 78M TTM provides runway for turnaround
Cash and EquivalentsFree Cash Flow TTM
Bear Case
P/E 238x and P/B 509x for a company with ROE 2.1%, ROIC 1.0% - valuation assumes massive turnaround already priced in
P/E RatioP/B RatioROE TTM
Tangible book value only 8M (vs 724M equity) - 99% of equity is intangibles; real asset cushion near zero
Tangible Book ValueGoodwill and Other Intangible Assets
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
30%
Leverage VIAV's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Margin recovery unlikely without revenue inflection - R&D at 19% of revenue unsustainable at current scale
1-3ymed
- R&D 215M TTM (19% of revenue) vs 5% operating margin
- Revenue 5Y CAGR under 1% - no operating leverage
- Interest expense 27M consuming 50% of operating income
Operating margin TTM 4.7% vs gross margin 57%Net income 15M on 1.1B revenueDebt/equity 1.17x with 847M total debt
Valuation Context
Caveats
Public Strategies Rankings
See how Viavi Solutions Inc ranks across different investment strategies.
Leverage VIAV's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
VIAV Fundamentals
Manufacturing → Computer and Electronic Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$8.26B | — | ||
$8.82B | — | ||
0.00 | — | ||
$1.24B | +23.5% | — | |
$-0.19 | — | ||
3.37% | +0.2% | — | |
-3.38% | +0.5% | — | |
$78.7M | -3.3% | — | |
-5.54% | -0.0% | — | |
Beta 5Y (Monthly) | unknown | — |
VIAV Dividend History
No dividends
VIAV Stock Splits
2 stock splits
10/17/068:1 split
03/13/000.5:1 split
VIAV SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
01/29/26 | 12/27/25 | 10-Q | |
10/30/25 | 09/27/25 | 10-Q | |
08/11/25 | 06/28/25 | 10-K | |
05/02/25 | 03/29/25 | 10-Q | |
01/31/25 | 12/28/24 | 10-Q | |
11/01/24 | 09/28/24 | 10-Q | |
08/16/24 | 06/29/24 | 10-K | |
05/03/24 | 03/30/24 | 10-Q | |
02/02/24 | 12/30/23 | 10-Q | |
11/03/23 | 09/30/23 | 10-Q | |
08/17/23 | 07/01/23 | 10-K | |
05/03/23 | 04/01/23 | 10-Q | |
02/03/23 | 12/31/22 | 10-Q | |
11/04/22 | 10/01/22 | 10-Q | |
08/19/22 | 07/02/22 | 10-K | |
05/05/22 | 04/02/22 | 10-Q | |
02/07/22 | 01/01/22 | 10-Q | |
11/08/21 | 10/02/21 | 10-Q | |
08/23/21 | 07/03/21 | 10-K | |
05/07/21 | 04/03/21 | 10-Q | |
02/09/21 | 01/02/21 | 10-Q | |
11/10/20 | 10/03/20 | 10-Q | |
08/24/20 | 06/27/20 | 10-K | |
05/07/20 | 03/28/20 | 10-Q | |
02/06/20 | 12/28/19 | 10-Q | |
11/05/19 | 09/28/19 | 10-Q | |
08/27/19 | 06/29/19 | 10-K | |
05/08/19 | 03/30/19 | 10-Q | |
02/06/19 | 12/29/18 | 10-Q | |
11/07/18 | 09/29/18 | 10-Q | |
08/28/18 | 06/30/18 | 10-K | |
05/09/18 | 03/31/18 | 10-Q | |
02/07/18 | 12/30/17 | 10-Q | |
11/08/17 | 09/30/17 | 10-Q | |
08/29/17 | 07/01/17 | 10-K | |
05/09/17 | 04/01/17 | 10-Q | |
02/07/17 | 12/31/16 | 10-Q | |
11/08/16 | 10/01/16 | 10-Q | |
08/30/16 | 07/02/16 | 10-K | |
05/10/16 | 04/02/16 | 10-Q | |
02/09/16 | 01/02/16 | 10-Q | |
11/12/15 | 10/03/15 | 10-Q | |
08/25/15 | 06/27/15 | 10-K | |
08/26/16 | 03/28/15 | 10-Q/A | |
05/05/15 | 03/28/15 | 10-Q | |
08/26/16 | 12/27/14 | 10-Q/A | |
02/05/15 | 12/27/14 | 10-Q | |
08/26/16 | 09/27/14 | 10-Q/A | |
11/04/14 | 09/27/14 | 10-Q | |
08/26/14 | 06/28/14 | 10-K | |
05/07/14 | 03/29/14 | 10-Q | |
02/06/14 | 12/28/13 | 10-Q | |
11/06/13 | 09/28/13 | 10-Q | |
08/23/13 | 06/29/13 | 10-K | |
05/08/13 | 03/30/13 | 10-Q | |
02/06/13 | 12/29/12 | 10-Q | |
11/08/12 | 09/29/12 | 10-Q | |
08/24/12 | 06/30/12 | 10-K | |
05/08/12 | 03/31/12 | 10-Q | |
02/07/12 | 12/31/11 | 10-Q | |
11/09/11 | 10/01/11 | 10-Q | |
04/03/14 | 07/02/11 | 10-K/A | |
08/30/11 | 07/02/11 | 10-K | |
05/10/11 | 04/02/11 | 10-Q | |
02/08/11 | 01/01/11 | 10-Q | |
11/12/10 | 10/02/10 | 10-Q | |
08/31/10 | 07/03/10 | 10-K | |
05/07/10 | 04/03/10 | 10-Q | |
02/05/10 | 01/02/10 | 10-Q | |
11/12/09 | 09/30/09 | 10-Q | |
08/24/09 | 06/30/09 | 10-K | |
05/05/09 | 03/31/09 | 10-Q | |
02/05/09 | 12/31/08 | Unknown | -- |
11/03/08 | 09/30/08 | Unknown | -- |
08/27/08 | 06/30/08 | Unknown | -- |
05/06/08 | 03/30/08 | Unknown | -- |
02/07/08 | 12/31/07 | Unknown | -- |
11/07/07 | 09/30/07 | Unknown | -- |
08/29/07 | 06/30/07 | 10-K | |
05/09/07 | 03/30/07 | Unknown | -- |
02/06/07 | 12/31/06 | 11-K | |
11/09/06 | 09/30/06 | 10-Q | |
09/14/06 | 06/30/06 | 10-K | |
05/09/06 | 03/30/06 | Unknown | -- |
02/08/06 | 12/31/05 | 10-Q | |
11/15/05 | 09/30/05 | Unknown | -- |
09/30/05 | 06/30/05 | 10-K | |
05/12/05 | 03/30/05 | Unknown | -- |
02/10/05 | 12/31/04 | 10-Q | |
11/10/04 | 09/30/04 | 10-Q | |
09/16/04 | 06/30/04 | 10-K | |
05/13/04 | 03/30/04 | Unknown | -- |
02/17/04 | 12/31/03 | 10-Q | |
11/12/03 | 09/30/03 | 10-Q | |
09/24/03 | 06/30/03 | 8-K | |
05/13/03 | 03/30/03 | Unknown | -- |
02/11/03 | 12/31/02 | 10-Q | |
11/12/02 | 09/30/02 | 8-K | |
09/17/02 | 06/30/02 | 10-K | |
05/14/02 | 03/31/02 | 8-K | |
02/11/02 | 12/31/01 | 11-K | |
11/13/01 | 09/30/01 | Unknown | -- |
09/19/01 | 06/30/01 | 10-K | |
05/11/01 | 03/30/01 | Unknown | -- |
02/13/01 | 12/31/00 | NT 11-K | |
11/14/00 | 09/30/00 | 10-Q | |
09/28/00 | 06/30/00 | 8-K | |
05/15/00 | 03/30/00 | Unknown | -- |