Viavi Solutions reported a strong start to fiscal 2027, with results exceeding the high end of management guidance. The company achieved substantial year-over-year growth in both revenue and profitability, largely attributed to the integration of Spirent Communications and robust demand within the data center, aerospace, and defense markets.
Key Highlights
- Net revenue reached $469.3 million, representing a 56.9% year-over-year increase, beating the consensus estimate of $455.23 million.
- Non-GAAP operating margin expanded to 29.0%, up significantly from 16.3% in the year-ago period, driven by favorable product mix and acquisition synergies.
- The Network and Service Enablement segment saw revenue jump 74.1% year-over-year to $376.1 million, outpacing expectations for AI-driven validation tool demand.
- A new $500 million common stock repurchase program was authorized, supplementing the approximately $18.4 million remaining under the previous plan.