VIAVI Solutions (VIAV) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended October 3, 2026 and VIAVI Solutions published the results on November 4, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. VIAVI Solutions reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• VIAVI acquired Spirent's high-speed Ethernet (HSE) and channel emulation (CE) business in October 2025, so the year-ago quarter does not include it. VIAVI says the business contributed $52.7 million of revenue in Q1 fiscal 2027.
• VIAVI's fiscal year ends on the Saturday closest to June 30. Q1 fiscal 2027 ended October 3, 2026.

Source: VIAVI Q1 fiscal 2027 results, November 4, 2026. Also in the Form 10-Q for the quarter ended October 3, 2026. Figures as reported; checked against the release on November 10, 2026.

How VIAVI Solutions splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• VIAVI Solutions's Network and Service Enablement revenue was $376 million in Q1 fiscal 2027, up 74% from $216 million in Q1 fiscal 2026, 80% of total revenue.
• VIAVI Solutions's Optical Security and Performance Products revenue was $93.2 million in Q1 fiscal 2027, up 12% from $83.1 million in Q1 fiscal 2026, 20% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, VIAVI Solutions said:

“For the second quarter of fiscal 2027 ending January 2, 2027, the Company expects net revenue to be between $505 million to $515 million and non-GAAP EPS to be between $0.50 to $0.52.”

Source: VIAVI Q1 FY27 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the VIAV forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net revenue and GAAP diluted EPS, each as first reported in that quarter's release, in millions of dollars except EPS.

VIAVI Solutions's next report is expected around February 3, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 4, 2026

VIAVI Solutions reports two segments. Network and Service Enablement (NSE) brought in $376.1 million of the $469.3 million total in Q1 fiscal 2027, up 74.1% from $216.0 million, and Optical Security and Performance Products (OSP) brought in $93.2 million, up 12.2% from $83.1 million. (VIAVI Q1 FY27 release, Nov 4, 2026)

VIAVI said the NSE increase came mainly from higher volume in Lab and Production, Fiber and Access Solutions and Aerospace and Defense, partly offset by lower volume in Wireless. The Spirent high-speed Ethernet and channel emulation business, acquired in October 2025, contributed $52.7 million. NSE gross margin rose to 66.2% from 63.1%, which VIAVI attributed to tariff refunds, higher volume and favorable product mix. (VIAVI Form 10-Q, Q1 FY27, Nov 5, 2026)

NSE sells test, monitoring and assurance products and resilient position, navigation and timing (PNT) systems; its high-speed optical and Ethernet products test network equipment built for AI and high-performance computing workloads. Named NSE customers include AT&T, Verizon, Cisco, Ciena, Nokia, Ericsson and Advanced Micro Devices. OSP makes optical coatings and color-shifting pigments used on the banknotes of more than 100 countries, plus filters for 3D sensing. OSP revenue rose on anti-counterfeiting and 3D sensing sales. (VIAVI Form 10-K, fiscal 2026, Aug 13, 2026; VIAVI Form 10-Q, Q1 FY27, Nov 5, 2026)

Product revenue was $415.7 million and service revenue $53.6 million. By region, the Americas accounted for 43.9% of net revenue, Asia-Pacific 34.7% and EMEA 21.4%. The United States was $178.8 million and Greater China $80.4 million (17.1%). VIAVI assigns revenue to the country where a product is first shipped, which can be a contract manufacturer and not the end customer. (VIAVI Form 10-Q, Q1 FY27, Nov 5, 2026; VIAVI Q1 FY27 release, Nov 4, 2026)

VIAVI Solutions reported GAAP diluted EPS of $0.29 and non-GAAP EPS of $0.47 in Q1 fiscal 2027. The $49.8 million of reconciling items included $20.1 million of amortization of intangibles, $15.9 million of stock-based compensation, $12.4 million for the change in fair value of contingent consideration and $5.7 million of employer payroll tax on share-based awards. A $5.0 million gain from an insurance settlement was excluded from non-GAAP results, lowering them. (VIAVI Q1 FY27 release, Nov 4, 2026)

A year earlier VIAVI reported a GAAP loss of $0.10 per share, with a $19.0 million tax provision on a pre-tax loss and a $3.8 million loss on extinguishment of 1.625% convertible notes. In Q1 fiscal 2027 the tax provision was $11.9 million on $86.3 million of pre-tax income. (VIAVI Q1 FY27 release, Nov 4, 2026)

Diluted shares rose to 266.2 million from 222.9 million a year earlier (227.9 million on the non-GAAP basis). During the quarter VIAVI repurchased and retired 3.9 million shares for $150.0 million, and on November 1, 2026 its board authorized a new repurchase program of up to $500 million. (VIAVI Q1 FY27 release, Nov 4, 2026; VIAVI Form 10-Q, Q1 FY27, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

VIAVI Solutions gives a one-quarter outlook in each release. For Q2 fiscal 2027, ending January 2, 2027, it expects net revenue of $505 million to $515 million and non-GAAP EPS of $0.50 to $0.52. It does not reconcile the EPS outlook to GAAP, citing restructuring, acquisition and integration charges it cannot forecast. (VIAVI Q1 FY27 release, Nov 4, 2026)

VIAVI said Q1 fiscal 2027 came in above the high end of its own guidance, and its CEO named data center and aerospace and defense as the end markets expected to drive growth. (VIAVI Q1 FY27 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover VIAVI Solutions, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones VIAVI Solutions's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning VIAV is on is VIAV a buy or a sell?, what analysts expect next is on the VIAV forecast, and what the company does is on the VIAVI Solutions (VIAV) stock page.

Every number on this page can be traced to a document VIAVI Solutions published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.