Viavi Shares Rally 21% After Q2 Beat, $386–400M Q3 Guide
Viavi Solutions shares climbed 21.1% since its fiscal Q2 report, driven by a 36.4% revenue rise to $369.3 million and a non-GAAP EPS of $0.22 that topped estimates by $0.03. Management guides Q3 revenue of $386 million to $400 million, non-GAAP EPS of $0.22–$0.24 and a 19.7% operating margin.
1. Shares Jump Post-Q2 Report
Viavi Solutions shares have rallied 21.1% since their fiscal Q2 earnings release, outperforming the S&P 500 as investors reacted to stronger-than-expected top and bottom-line results.
2. Fiscal Q2 2026 Results
In Q2, Viavi Solutions posted revenues of $369.3 million, up 36.4% year over year, and non-GAAP EPS of $0.22, beating estimates by $0.03; segment revenues included $291.5 million for NSE (+45.8%) and $77.8 million for OSP (+9.7%), with all regions delivering double-digit growth.
3. Q3 Guidance and Financial Position
Management expects Q3 revenue between $386 million and $400 million, non-GAAP EPS of $0.22–$0.24 and a 19.7% operating margin; as of December 27, cash stood at $765.5 million against $1.22 billion in long-term debt, while free cash flow reached $36.9 million.
4. Analyst Revisions and VGM Scores
Consensus estimates have moved up by 50% over the past month, reflecting bullish analyst sentiment; Viavi holds a VGM Score of C, with an A grade for Growth but D grades for Momentum and Value.