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VIAV Financials Viavi Solutions Inc.

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
-$99M $710M $2B $0 2010 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
-11% 25% 61% 0% 2010 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-14% 3% 20% 0% 2010 2014 2016 2018 2020 2022 2024 2026
ROEROA
Free cash flow (CFO − capex)
-$19M $86M $191M $0 2010 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $502M $1B 2010 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$652M -$55M $541M $0 2010 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 185.7 371.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 6.0 11.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.