Viavi Q2 revenue up 36.4%, beats estimates

Overview

• Optical tech firm's fiscal Q2 revenue rose 36.4% yr/yr, beating analyst expectations

• Adjusted EPS for fiscal Q2 beat analyst expectations

• Company announced a restructuring plan affecting 5% of global workforce

Outlook

• Viavi expects Q3 fiscal 2026 revenue between $386 mln and $400 mln

• Company anticipates Q3 fiscal 2026 non-GAAP EPS between $0.22 and $0.24

Result Drivers

• STRONG DEMAND - Growth driven by strong demand in data center ecosystem and aerospace and defense applications, according to CEO Oleg Khaykin

• RESTRUCTURING PLAN - Co announced a restructuring plan to improve operational efficiencies, affecting 5% of global workforce

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the communications & networking peer group is "buy"

• Wall Street's median 12-month price target for Viavi Solutions Inc is $20.00, about 3.4% below its January 27 closing price of $20.70

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nPn6rHw5ca

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