Viavi Solutions (VIAV) is trading higher today after posting a sharp acceleration in growth and offering an upbeat next-quarter outlook. In an earnings update tied to its fiscal third quarter ended March 28, 2026, the company reported net revenue of $406.8 million (up 42.8% year over year) and non-GAAP diluted EPS of $0.27 (up 80% year over year), a combination that typically signals both demand strength and operating leverage. (stocktitan.net)

Beyond the headline beat, investors are reacting to forward-looking guidance that points to continued momentum. For fiscal Q4 2026 (ending June 27, 2026), Viavi guided net revenue to $427 million to $437 million and non-GAAP EPS to $0.29 to $0.31. That guidance implies another step up from the $406.8 million quarter and supports the narrative that recent strength isn’t a one-off. (stocktitan.net)

Management attributed the year-over-year surge to strength in data center and aerospace and defense markets. Segment detail showed Network and Service Enablement revenue of $321.5 million (up 54.4% year over year), while Optical Security and Performance Products delivered $85.3 million (up 11.4% year over year), highlighting that the biggest lift is coming from the company’s core enablement/test franchise. (stocktitan.net)

After today’s pop, the durability of the move will likely hinge on execution against the June-quarter guide and whether margin expansion continues as volumes rise. Investors will also track cash flow and balance sheet trends, since the company disclosed $508.0 million in cash, short-term investments and restricted cash versus $1.08 billion of senior notes and term-loan debt as of March 28, 2026. (stocktitan.net)