VIAVI reports Q1 revenue up 57%, strong profit growth, and raises stock buyback program by $500M

VIAVI Solutions reported a 56.9% year-over-year increase in net revenue to $469.3 million for its fiscal first quarter ended October 3, 2026. The company saw significant profit growth with GAAP net income rising 455.1% to $76 million and non-GAAP net income up 262.5% to $125.8 million. Operating margins also improved substantially. VIAVI's CEO highlighted strong market demand and growth opportunities in data centers and aerospace sectors. The company authorized a new $500 million stock repurchase program, adding to the existing $300 million plan, signaling confidence in future performance. For Q2, VIAVI expects revenue between $505 million and $515 million with non-GAAP EPS of $0.50 to $0.52.

Viavi Solutions holds a market cap of $7.39 billion and an enterprise value of $7.44 billion on Pluang as of Nov 05, 2026 04:27 WIB. The stock price is currently USD 30.73, up 2.26% in the last day, with a strong buy interest at 85% of order activity. This trading activity complements the company's recent announcement of robust revenue growth and a new $500 million stock repurchase program.