Viavi Solutions Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.08B | $1.00B | $1.11B | $1.29B | $1.20B | $1.14B | $1.13B |
| Cost of Revenue | $642.9M | $463.2M | $424.5M | $467.3M | $518.9M | $484.5M | $471.0M | $478.9M |
| Gross Profit | $875.4M | $621.1M | $575.9M | $638.8M | $773.5M | $714.4M | $665.3M | $651.4M |
| Gross Margin | 57.7% | 57.3% | 57.6% | 57.8% | 59.8% | 59.6% | 58.5% | 57.6% |
| Operating Expenses | ||||||||
| Research & Development | $262.7M | $208.7M | $201.9M | $206.9M | $213.2M | $203.0M | $193.6M | $187.0M |
| SG&A Expense | $469.2M | $349.4M | $333.3M | $328.7M | $365.7M | $337.5M | $315.0M | $343.5M |
| Operating Income | $105.1M | $57.5M | $20.8M | $82.4M | $185.0M | $142.2M | $118.1M | $67.4M |
| Operating Margin | 6.9% | 5.3% | 2.1% | 7.4% | 14.3% | 11.9% | 10.4% | 6.0% |
| Interest Expense | $47.4M | $30.0M | $30.9M | $27.1M | $23.3M | $14.7M | $13.4M | $34.3M |
| Pretax Income | $16.3M | $38.6M | $11.6M | $60.7M | $65.1M | $130.8M | $114.3M | $39.3M |
| Income Tax Expense | $47.5M | $4.4M | $37.4M | $35.2M | $49.6M | $63.3M | $65.3M | $31.5M |
| Net Income | $-30.4M | $34.8M | $-25.8M | $25.5M | $15.5M | $67.5M | $49.0M | $5.4M |
| Net Margin | -2.0% | 3.2% | -2.6% | 2.3% | 1.2% | 5.6% | 4.3% | 0.5% |
| EPS (Basic) | $-0.13 | $0.16 | $-0.12 | $0.11 | $0.07 | $0.30 | $0.21 | $0.02 |
| EPS (Diluted) | $-0.13 | $0.15 | $-0.12 | $0.11 | $0.07 | $0.29 | $0.21 | $0.02 |
| Shares Outstanding (Basic) | 229.5M | 222.5M | 222.6M | 224.6M | 230.9M | 228.7M | 229.4M | 228.1M |
| Shares Outstanding (Diluted) | 229.5M | 225.7M | 222.6M | 226.6M | 238.2M | 236.3M | 234.8M | 231.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |