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Viavi Solutions Inc.. (VIAV) Fundamental Analysis & AI Grade 2026

VIAV Nasdaq Semiconductors & Related Devices DE CIK: 0000912093
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-28
Combined AI Grade
C
78% Confidence
N/A
C
78% Conf
Pending
Analysis scheduled

📊 VIAV Key Takeaways

Revenue: $1.1B
Net Margin: -5.9%
Free Cash Flow: $27.2M
Current Ratio: 1.61x
Debt/Equity: 0.99x
EPS: $-0.28
AI Grade: C with 78% confidence
Viavi Solutions Inc.. (VIAV) receives a C fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $1.1B, net profit margin of -5.9%, and return on equity (ROE) of -7.5%, Viavi Solutions Inc.. demonstrates mixed fundamentals in the Technology sector. Below is our complete VIAV stock analysis for 2026.

Is Viavi Solutions Inc.. (VIAV) a Good Investment?

Claude

VIAVI is unprofitable with negative net margin of -5.9% and critically weak interest coverage of 1.2x, indicating the company barely covers debt service from operations. While positive operating cash flow and strong gross margins suggest operational capability, the combination of net losses, high debt burden, and thin operating margins indicates structural profitability challenges that pose refinancing and solvency risks.

Viavi Solutions Inc.. Key Strengths (VIAV)

Claude
  • + Strong gross margin of 57.1% indicates healthy underlying unit economics and pricing power in core products
  • + Positive operating cash flow of 47.2M and free cash flow of 27.2M provide liquidity despite net losses
  • + Solid current ratio of 1.61x and quick ratio of 1.39x demonstrate adequate short-term liquidity buffer

VIAV Stock Risks: Viavi Solutions Inc.. Investment Risks

Claude
  • ! Critically low interest coverage ratio of 1.2x means operating income barely covers debt service, creating acute refinancing risk
  • ! Net loss of 63.1M and negative net margin of -5.9% indicate the company is unprofitable and destroying shareholder value
  • ! High debt burden of 836.3M against weak profitability and operating cash flow of only 47.2M limits financial flexibility and covenant headroom

Key Metrics to Watch

Claude
  • * Quarterly path to profitability and operating margin expansion to sustainable levels above 8-10%
  • * Interest coverage ratio improvement - any further decline below 1.2x would be critical warning sign
  • * Operating cash flow sustainability and free cash flow generation relative to debt obligations

Viavi Solutions Inc.. (VIAV) Financial Metrics & Key Ratios

Revenue
$1.1B
Net Income
$-63.1M
EPS (Diluted)
$-0.28
Free Cash Flow
$27.2M
Total Assets
$2.5B
Cash Position
$499.0M

💡 AI Analyst Insight

The relatively thin 2.5% FCF margin may limit capital allocation flexibility.

VIAV Profit Margin, ROE & Profitability Analysis

Gross Margin 57.1%
Operating Margin 4.1%
Net Margin -5.9%
ROE -7.5%
ROA -2.5%
FCF Margin 2.5%

VIAV vs Technology Sector: How Viavi Solutions Inc.. Compares

How Viavi Solutions Inc.. compares to Technology sector averages

Net Margin
VIAV -5.9%
vs
Sector Avg 18.0%
VIAV Sector
ROE
VIAV -7.5%
vs
Sector Avg 22.0%
VIAV Sector
Current Ratio
VIAV 1.6x
vs
Sector Avg 2.5x
VIAV Sector
Debt/Equity
VIAV 1.0x
vs
Sector Avg 0.5x
VIAV Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Viavi Solutions Inc.. Stock Overvalued? VIAV Valuation Analysis 2026

Based on fundamental analysis, Viavi Solutions Inc.. shows some fundamental concerns relative to the Technology sector in 2026.

Return on Equity
-7.5%
Sector avg: 22%
Net Profit Margin
-5.9%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.99x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Viavi Solutions Inc.. Balance Sheet: VIAV Debt, Cash & Liquidity

Current Ratio
1.61x
Quick Ratio
1.39x
Debt/Equity
0.99x
Debt/Assets
66.5%
Interest Coverage
1.18x
Long-term Debt
$836.3M

VIAV Revenue & Earnings Growth: 5-Year Financial Trend

VIAV 5-year financial data: Year 2021: Revenue $1.2B, Net Income $5.4M, EPS $0.02. Year 2022: Revenue $1.3B, Net Income $49.0M, EPS $0.21. Year 2023: Revenue $1.3B, Net Income $67.5M, EPS $0.29. Year 2024: Revenue $1.3B, Net Income $15.5M, EPS $0.07. Year 2025: Revenue $1.1B, Net Income $25.5M, EPS $0.11.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Viavi Solutions Inc..'s revenue has remained relatively flat over the 5-year period, with a 8% decline. The most recent EPS of $0.11 reflects profitable operations.

VIAV Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
2.5%
Free cash flow / Revenue

VIAV Quarterly Earnings & Performance

Quarterly financial performance data for Viavi Solutions Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2026 $284.8M $6.4M $0.03
Q2 2026 $270.8M $7.3M $0.03
Q1 2026 $238.2M -$1.8M $-0.01
Q3 2025 $246.0M -$4.1M $-0.02
Q2 2025 $254.5M $7.3M $0.03
Q1 2025 $238.2M -$1.8M $-0.01
Q3 2024 $246.0M -$4.1M $-0.02
Q2 2024 $254.5M $8.4M $0.04

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Viavi Solutions Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$47.2M
Cash generated from operations
Stock Buybacks
$30.0M
Shares repurchased (TTM)
Capital Expenditures
$20.0M
Investment in assets
Dividends
None
No dividend program

VIAV SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Viavi Solutions Inc.. (CIK: 0000912093)

📋 Recent SEC Filings

Date Form Document Action
May 29, 2026 4 xslF345X06/form4.xml View →
May 21, 2026 8-K ef20074430_8k.htm View →
May 18, 2026 8-K viav-20260512.htm View →
May 8, 2026 4 xslF345X06/form4.xml View →
May 7, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about VIAV

What is the AI rating for VIAV?

Viavi Solutions Inc.. (VIAV) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VIAV's key strengths?

Claude: Strong gross margin of 57.1% indicates healthy underlying unit economics and pricing power in core products. Positive operating cash flow of 47.2M and free cash flow of 27.2M provide liquidity despite net losses.

What are the risks of investing in VIAV?

Claude: Critically low interest coverage ratio of 1.2x means operating income barely covers debt service, creating acute refinancing risk. Net loss of 63.1M and negative net margin of -5.9% indicate the company is unprofitable and destroying shareholder value.

What is VIAV's revenue and growth?

Viavi Solutions Inc.. reported revenue of $1.1B.

Does VIAV pay dividends?

Viavi Solutions Inc.. does not currently pay dividends.

Where can I find VIAV SEC filings?

Official SEC filings for Viavi Solutions Inc.. (CIK: 0000912093) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VIAV's EPS?

Viavi Solutions Inc.. has a diluted EPS of $-0.28.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is VIAV's fundamental grade?

Based on our AI fundamental analysis in June 2026, Viavi Solutions Inc.. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is VIAV stock overvalued or undervalued?

Valuation metrics for VIAV: ROE of -7.5% (sector avg: 22%), net margin of -5.9% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is VIAV's AI grade for 2026?

Our dual AI analysis gives Viavi Solutions Inc.. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is VIAV's free cash flow?

Viavi Solutions Inc..'s operating cash flow is $47.2M, with capital expenditures of $20.0M. FCF margin is 2.5%.

How does VIAV compare to other Technology stocks?

Vs Technology sector averages: Net margin -5.9% (avg: 18%), ROE -7.5% (avg: 22%), current ratio 1.61 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-28 | Powered by Claude AI