Q2 2026 Viavi Solutions Inc Earnings Call Transcript
Key Points
- Viavi Solutions Inc (VIAV) reported net revenue of $369.3 million for the second quarter, which is at the high end of their guidance range.
- The company's operating margin for the quarter was 19.3%, exceeding the high end of their guidance range.
- Earnings per share (EPS) was $0.22, surpassing the high end of the guidance range and showing a significant increase both sequentially and year-over-year.
- NSE revenue grew by 45.8% year-over-year, driven by strong demand from the data center ecosystem and aerospace and defense customers.
- The company expects continued strong demand and revenue growth in the data center ecosystem and aerospace and defense sectors through 2026.
- Revenue from Spirent was slightly below expectations due to the timing of certain opportunities.
- NSE gross margin for the quarter was slightly lower year-over-year by 10 basis points.
- OSP operating margin came in slightly below the guidance range due to higher variable costs.
- The company announced a restructuring and workforce reduction plan, impacting approximately 5% of their global workforce.
- Cash flow from operating activities decreased compared to the same period last year, mainly due to timing of working capital.
Ladies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Viavi Solutions fiscal second quarter 2026 earnings call. Today's conference is being recorded. (Operator Instructions)
And at this time, I would like to turn the conference over to Vibhuti Nayar, Head of Investor Relations. Please go ahead.
Thank you, Abby. Good afternoon, everyone, and welcome to Viavi Solutions Fiscal Second Quarter 2026 Earnings Call. My name is Vibhuti Nayar, Head of Investor Relations for Viavi Solutions. With me on today's call is Oleg Khaykin, our President and CEO; and Ilan Daskal, our CFO.
Please note, this call will include forward-looking statements about the company's financial performance. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations and estimations. We encourage you to review our most recent annual
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