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VIAV · Nasdaq · United States · Semiconductors & Related Devices
In shortVIAVI SOLUTIONS INC. is loss-making, generates cash and holds more cash than debt, with revenue growing (+40.0% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 6.9% | 40/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -2.0% | 12/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -2.7% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.0% | 26/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.85× | 87/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.44× | 86/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.22× | 7/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -81.10 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 5.5% | 42/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 21.4% | 32/100 |
| Operating margin volatility | 4.5% | 68/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 11.1% | 79/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,292 | 1,106 | 1,000 | 1,084 | 1,518 |
| Cost of revenue | 519 | 467 | 425 | 463 | 643 |
| Gross profit | 774 | 639 | 576 | 621 | 875 |
| Research & development | 213 | 207 | 202 | 209 | 263 |
| Selling, general & admin | 366 | 329 | 333 | 349 | 469 |
| Operating income | 185 | 82 | 21 | 58 | 105 |
| Interest expense | 23 | 27 | 31 | 30 | 47 |
| Pre-tax income | 65 | 61 | 12 | 39 | 16 |
| Income tax | 50 | 35 | 37 | 4.4 | 48 |
| Net income | 16 | 26 | (26) | 35 | (30) |
| Diluted EPS | $0.07 | $0.11 | −$0.12 | $0.15 | −$0.13 |
| Diluted shares (millions) | 238 | 227 | 223 | 226 | 230 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of VIAVI SOLUTIONS INC. are included in the Investor plan. Try free for 7 days →
−81.10 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 27, 2026 · Data updated Aug 13, 2026