Viavi Solutions (VIAV) Releases Q2 2026 Earnings: Revenue Up but Net Loss and EPS Miss

Viavi Solutions Inc. (VIAV) reported second-quarter 2026 results with revenue of $369.3 million, up 36.4% year-over-year, compared with a consensus revenue estimate of $372.6 million.

Gross profit: $210.6 million (+31.0% year-over-year).

Operating profit: $11.4 million (-48.7% year-over-year).

Net loss attributable to common shareholders: -$48.1 million (down 628.6% year-over-year).

Diluted loss per share: -$0.21 versus an EPS estimate of $0.19.

Cost of sales: $158.7 million (+44.3% year-over-year).

Cash from operating activities: $42.5 million (-4.9% year-over-year).

Capital expenditures (purchases of property, plant and equipment): $5.6 million (down 31.7% year-over-year).

Cash and cash equivalents: $765.5 million (+56.9% year-over-year).

Total liabilities: $1.94 billion (+86.5% year-over-year).

The quarter shows robust top-line growth and stronger cash reserves, but profitability weakened with a significant net loss and a decline in operating profit. Investors will likely watch whether revenue momentum can translate into margin recovery in coming quarters.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Viavi Solutions Inc. Insider Trading Activity

Viavi Solutions Inc. insiders have traded $VIAV stock on the open market 30 times in the past 6 months. Of those trades, 0 have been purchases and 30 have been sales.

Here’s a breakdown of recent trading of $VIAV stock by insiders over the last 6 months:

OLEG KHAYKIN (President & CEO) has made 0 purchases and 7 sales selling 268,326 shares for an estimated $4,715,119.
KEITH BARNES has made 0 purchases and 4 sales selling 175,400 shares for an estimated $3,139,797.
ILAN DASKAL (EVP, CFO) has made 0 purchases and 3 sales selling 170,000 shares for an estimated $2,972,993.
KEVIN CHRISTOPHER SIEBERT (SVP Gen. Counsel & Secretary) has made 0 purchases and 4 sales selling 58,415 shares for an estimated $902,534.
DONALD A COLVIN has made 0 purchases and 2 sales selling 40,000 shares for an estimated $683,607.
LUKE M SCRIVANICH (SVP General Manager OSP) has made 0 purchases and 3 sales selling 30,625 shares for an estimated $412,511.
RICHARD BELLUZZO has made 0 purchases and 3 sales selling 25,157 shares for an estimated $282,515.
PAUL MCNAB (EVP, Chief Mktg & Stgy Officer) has made 0 purchases and 2 sales selling 14,274 shares for an estimated $249,719.
RICHARD JOHN BURNS sold 3,384 shares for an estimated $63,483
EUGENIA CORRALES sold 3,384 shares for an estimated $63,483

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Viavi Solutions Inc. Hedge Fund Activity

We have seen 198 institutional investors add shares of Viavi Solutions Inc. stock to their portfolio, and 141 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 5,389,435 shares (+431.1%) to their portfolio in Q3 2025, for an estimated $68,391,930
WOODLINE PARTNERS LP removed 5,308,328 shares (-51.5%) from their portfolio in Q3 2025, for an estimated $67,362,682
POINT72 ASSET MANAGEMENT, L.P. added 4,082,782 shares (+inf%) to their portfolio in Q3 2025, for an estimated $51,810,503
ALYESKA INVESTMENT GROUP, L.P. removed 3,952,364 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $50,155,499
WELLINGTON MANAGEMENT GROUP LLP removed 3,717,624 shares (-20.5%) from their portfolio in Q3 2025, for an estimated $47,176,648
NEUBERGER BERMAN GROUP LLC removed 2,432,130 shares (-92.3%) from their portfolio in Q3 2025, for an estimated $30,863,729
SCHRODER INVESTMENT MANAGEMENT GROUP removed 2,169,528 shares (-26.4%) from their portfolio in Q3 2025, for an estimated $27,531,310

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Viavi Solutions Inc. Congressional Stock Trading

Members of Congress have traded $VIAV stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $VIAV stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 11/13.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Viavi Solutions Inc. Analyst Ratings

Wall Street analysts have issued reports on $VIAV in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 01/29/2026
Stifel issued a "Buy" rating on 12/17/2025
Morgan Stanley issued a "Underweight" rating on 08/11/2025

To track analyst ratings and price targets for Viavi Solutions Inc., check out Quiver Quantitative's $VIAV forecast page.

Viavi Solutions Inc. Price Targets

Multiple analysts have issued price targets for $VIAV recently. We have seen 8 analysts offer price targets for $VIAV in the last 6 months, with a median target of $22.5.

Here are some recent targets:

Ryan Koontz from Needham set a target price of $28.0 on 01/29/2026
Mehdi Hosseini from Susquehanna set a target price of $25.0 on 01/29/2026
Ruben Roy from Stifel set a target price of $24.0 on 01/29/2026
Dave Kang from B. Riley Securities set a target price of $22.0 on 01/26/2026
Jim Kelleher from Argus Research set a target price of $23.0 on 11/05/2025
Mike Genovese from Rosenblatt set a target price of $19.0 on 10/30/2025
Andrew Spinola from UBS set a target price of $17.0 on 10/30/2025