15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.8% per year over the past 5 years.
Operating margin has contracted, at 6.9% in the latest year.
Free cash flow has declined 15.4% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-1.2% vs 4.8% per year).
Operating income covered interest expense 2.2× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$1.5B
-$30M
57.7%
6.9%
-2.1%
-1.1%
$83M
—
$648M
2025
$1.1B
$35M
57.3%
5.3%
4.5%
1.7%
$62M
$643M
$424M
2024
$1.0B
-$26M
57.6%
2.1%
-3.8%
-1.5%
$97M
$636M
$471M
2023
$1.1B
$26M
57.8%
7.4%
3.7%
1.4%
$63M
$726M
$507M
2022
$1.3B
$16M
59.8%
14.3%
2.3%
0.8%
$106M
$685M
$560M
2021
$1.2B
$68M
59.6%
11.9%
8.8%
3.4%
$191M
$681M
$698M
2020
$1.1B
$49M
58.5%
10.4%
7.7%
2.8%
$104M
$682M
$539M
2019
$1.1B
$5M
57.6%
6.0%
0.9%
0.3%
$94M
—
$522M
2018
$876M
-$49M
55.8%
0.2%
-6.6%
-2.4%
$24M
—
$611M
2017
$805M
$160M
59.5%
0.9%
19.9%
7.6%
$56M
—
$1.0B
2016
$906M
-$99M
60.7%
-9.3%
-14.4%
-5.9%
$29M
—
$483M
2015
—
-$88M
—
—
-8.0%
-4.0%
-$19M
—
$335M
2014
—
-$18M
—
—
-1.5%
-0.8%
$77M
—
$297M
2011
—
$72M
—
—
6.7%
3.7%
$89M
—
$395M
2010
—
-$62M
—
—
-6.8%
-3.6%
$78M
$267M
$340M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$443M
$33M
59.1%
13.8%
2.3%
1.2%
$56M
—
$648M
Mar '26
$407M
$6M
57.5%
6.1%
0.8%
0.3%
-$32M
$836M
$499M
Dec '25
$369M
-$48M
57.0%
3.1%
-5.8%
-1.7%
$37M
$1.2B
$766M
Sep '25
$299M
-$21M
56.5%
2.5%
-3.0%
-1.0%
$23M
$641M
$544M
Jun '25
$291M
$8M
56.3%
5.3%
1.0%
0.4%
$18M
$643M
$424M
Mar '25
$285M
$20M
56.4%
3.0%
2.7%
1.0%
$1M
$396M
$374M
Dec '24
$271M
$9M
59.4%
8.2%
1.3%
0.5%
$37M
$639M
$488M
Sep '24
$238M
-$2M
57.1%
4.8%
-0.3%
-0.1%
$6M
$638M
$468M
Jun '24
$252M
-$22M
57.8%
-2.3%
-3.2%
-1.2%
$22M
$636M
$471M
Mar '24
$246M
-$25M
56.1%
-4.8%
-3.5%
-1.4%
$16M
$634M
$454M
Dec '23
$255M
$11M
58.2%
8.8%
1.5%
0.6%
$15M
$633M
$544M
Sep '23
$248M
$10M
58.2%
6.5%
1.5%
0.5%
$44M
$631M
$521M
Jul '23
$264M
-$100000
55.4%
4.5%
-0.0%
-0.0%
$16M
$726M
$507M
Apr '23
$248M
-$15M
56.9%
-0.8%
-2.3%
-0.8%
$7M
$628M
$581M
Dec '22
$285M
$8M
58.7%
8.0%
1.2%
0.5%
$28M
$617M
$484M
Oct '22
$310M
$33M
59.6%
16.1%
5.0%
1.8%
$12M
$617M
$513M
Jul '22
$335M
$17M
60.0%
14.3%
2.5%
0.9%
$55M
$685M
$560M
Apr '22
$316M
$19M
59.2%
12.9%
2.7%
1.0%
$10M
$706M
$590M
Jan '22
$315M
$35M
60.5%
15.7%
4.5%
1.7%
$4M
$756M
$732M
Oct '21
$327M
-$55M
59.7%
14.4%
-6.4%
-2.5%
$38M
$801M
$916M
Valuation over time
How the market has priced VIAV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 172.4× (Mar '23) to 343.4× (May '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 5.5× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is VIAV growing its revenue and profit?
Over the past 5 years, Viavi Solutions Inc.'s revenue has grown 4.8% per year. These are computed facts, not advice.
How much debt does VIAV have?
As of FY2026, Viavi Solutions Inc. reported — of total debt against $648M of cash; operating income covered interest expense 2.2×.
What is VIAV's profit margin?
In FY2026, gross margin was 57.7%, operating margin 6.9%, and net margin -2.0%.
What is VIAV's P/E ratio?
As of Sep '26, Viavi Solutions Inc. traded at a price-to-earnings ratio of about 343.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.