VIAV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $47.10

Market Cap (MRQ) $11.63B

P/E (TTM) -362.3

EPS (TTM) $-0.13

Revenue (TTM) $1.52B

ROE (TTM) -2.7%

Debt/Equity 0.2

52W Range $12–$60

VIAV Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 7

Ex-date	Split	Type
Aug. 4, 2015	879-for-500	Forward
Oct. 17, 2006	1-for-8	Reverse
March 13, 2000	2-for-1	Forward
Dec. 30, 1999	2-for-1	Forward
July 27, 1999	2-for-1	Forward
Nov. 13, 1997	2-for-1	Forward
June 4, 1996	2-for-1	Forward

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$1.52B

2018-06-30 → 2026-06-27

EPS$-0.13

2018-06-30 → 2026-06-27

Free Cash Flow$83M

2018-06-30 → 2026-06-27

Net margin-2.0%

2018-06-30 → 2026-06-27

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	VIAV	5Y avg	Peer Median	Verdict
P/E (TTM)	-362.35Y avg ≈-63.5	≈-63.5	·	·
P/S (TTM)	7.75Y avg ≈3.4	≈3.4	7.1	Overvalued
P/B (MRQ)	8.05Y avg ≈4.2	≈4.2	8.5	Fair value
EV / EBITDA	106.85Y avg ≈54.7	≈54.7	35.3	Overvalued
Price / FCF (TTM)	140.55Y avg ≈58.4	≈58.4	·	·
Price / Cash Flow (TTM)	102.15Y avg ≈40.8	≈40.8	32.5	Overvalued
EV / Revenue	7.45Y avg ≈3.1	≈3.1	·	·
EV / FCF	135.65Y avg ≈53.5	≈53.5	·	·
Price / Tangible Book (MRQ)	10.95Y avg ≈24.0	≈24.0	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	VIAV	5Y avg	Peer Median	Verdict
Gross Margin (TTM)	57.7%5Y avg ≈57.6%	≈57.6%	53.6%	In line
Operating Margin (TTM)	6.9%5Y avg ≈5.4%	≈5.4%	12.5%	Below avg
EBITDA Margin	6.9%5Y avg ≈5.4%	≈5.4%	12.5%	Below avg
Pretax Margin (TTM)	1.1%5Y avg ≈2.8%	≈2.8%	11.3%	Weak
Net Profit Margin (TTM)	-2.0%5Y avg ≈0.23%	≈0.23%	9.6%	Weak
ROA (TTM)	-1.3%5Y avg ≈0.13%	≈0.13%	2.9%	Weak
ROE (TTM)	-2.7%5Y avg ≈0.52%	≈0.52%	12.3%	Weak
ROIC	-11.9%5Y avg ≈-2.3%	≈-2.3%	10.5%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	VIAV	5Y avg	Peer Median	Verdict
Debt / Equity	0.25Y avg ≈0.2	≈0.2	0.2	In line
Current Ratio (MRQ)	1.85Y avg ≈2.4	≈2.4	1.8	In line
Quick Ratio (MRQ)	1.55Y avg ≈1.9	≈1.9	1.4	In line

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	VIAV	5Y avg	Peer Median	Verdict
Revenue YoY	40.0%5Y avg ≈6.1%	≈6.1%	·	·
Revenue CAGR 3Y	11.1%5Y avg ≈-0.32%	≈-0.32%	·	·
Revenue CAGR 5Y	4.8%	·	·	·
EPS CAGR 3Y	28.9%	·	·	·
EPS CAGR 5Y	-6.5%	·	·	·
Net Income CAGR 3Y	30.9%	·	·	·
Net Income CAGR 5Y	-6.6%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	VIAV	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-0.135Y avg ≈$0.00	≈$0.00	·	·
Revenue / Share	$6.625Y avg ≈$5.20	≈$5.20	·	·
Cash Flow / Share	$0.505Y avg ≈$0.48	≈$0.48	·	·
Cash / Share	$2.625Y avg ≈$2.23	≈$2.23	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	VIAV	5Y avg	Peer Median	Verdict
Asset Turnover	0.65Y avg ≈0.6	≈0.6	0.6	In line
Inventory Turnover	4.75Y avg ≈4.3	≈4.3	4.7	In line
Receivables Turnover	5.05Y avg ≈4.6	≈4.6	6.0	Weak
Revenue / Employee	≈$370.3K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 14.6%

Next Report Oct 27, 2026

Period	EPS Actual	EPS Est	Surprise
June 30, 2026	$0.34	$0.30	11.7%
March 31, 2026	$0.27	$0.24	14.5%
Dec. 31, 2025	$0.22	$0.19	15.6%
Sept. 30, 2025	$0.15	$0.13	11.3%
June 30, 2025	$0.13	$0.12	10.7%
March 31, 2025	$0.15	$0.12	23.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 18

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$1.52B	$1.08B	$1.00B	$1.11B	$1.29B	$1.20B	$1.14B	$1.13B	$876M	$805M	$906M	$874M
Cost of Revenue	$643M	$463M	$424M	$467M	$519M	$484M	$471M	$479M	$387M	$326M	$357M	$354M
Gross Profit	$875M	$621M	$576M	$639M	$774M	$714M	$665M	$651M	$488M	$479M	$550M	$520M
R&D Expense	$263M	$209M	$202M	$207M	$213M	$203M	$194M	$187M	$133M	$136M	$166M	$173M
SG&A Expense	$469M	$349M	$333M	$329M	$366M	$338M	$315M	$344M	$324M	$300M	$351M	$376M
Operating Expenses	$770M	$564M	$555M	$556M	$588M	$572M	$547M	$584M	$486M	$472M	$634M	$596M
Operating Income	$105M	$58M	$21M	$82M	$185M	$142M	$118M	$67M	$2M	$7M	$-84M	$-76M
Interest Expense	·	·	·	$27M	$23M	$15M	$13M	$34M	$47M	$43M	$36M	$33M
Interest Income	$15M	$13M	$19M	$10M	$3M	$3M	$7M	$8M	$16M	$11M	$6M	$5M
Other Non-op	$15M	$11M	$22M	$8M	$5M	$3M	$10M	$6M	$10M	$13M	$2M	$4M
Pretax Income	$16M	$39M	$12M	$61M	$65M	$131M	$114M	$39M	$-36M	$180M	$-46M	$-105M
Income Tax	$48M	$4M	$37M	$35M	$50M	$63M	$65M	$32M	$13M	$21M	$4M	$26M
Net Income	$-30M	$35M	$-26M	$26M	$16M	$68M	$49M	$5M	$-49M	$160M	$-99M	$-88M
EPS (Basic)	$-0.13	$0.16	$-0.12	$0.11	$0.07	$0.30	$0.21	$0.02	$-0.21	$0.70	$-0.42	$-0.38
EPS (Diluted)	$-0.13	$0.15	$-0.12	$0.11	$0.07	$0.29	$0.21	$0.02	$-0.21	$0.68	$-0.42	$-0.38
Shares (Basic)	229,500,000	222,500,000	222,600,000	224,600,000	230,900,000	228,700,000	229,400,000	228,100,000	227,100,000	229,900,000	234,000,000	232,700,000
Shares (Diluted)	229,500,000	225,700,000	222,600,000	226,600,000	238,200,000	236,300,000	234,800,000	231,200,000	227,100,000	234,500,000	234,000,000	232,700,000
EBITDA	$105M	$58M	$21M	$82M	$185M	$142M	$118M	$67M	$5M	$14M	$-84M	$-52M

Balance Sheet 30

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Equivalents	$648M	$424M	$471M	$506M	$560M	$698M	$539M	$522M	$611M	$1.00B	$483M	$334M
Short-term Investments	$2M	$2M	$20M	$15M	$1M	$2M	$2M	$2M	$169M	$432M	$485M	$465M
Receivables	$351M	$261M	$213M	$231M	$261M	$256M	$236M	$238M	$219M	$120M	$148M	$152M
Inventory	$155M	$118M	$96M	$116M	$110M	$95M	$83M	$103M	$92M	$48M	$51M	$54M
Prepaid Expense	$93M	$77M	$71M	$72M	$69M	$57M	$51M	$50M	$56M	$51M	$32M	$38M
Current Assets	$1.26B	$885M	$876M	$945M	$1.01B	$1.11B	$914M	$917M	$1.16B	$1.67B	$1.21B	$1.38B
PP&E (Net)	$224M	$232M	$228M	$243M	$229M	$196M	$172M	$180M	$170M	$137M	$133M	$149M
PP&E (Gross)	$680M	$670M	$637M	$629M	$593M	$554M	$495M	$529M	$499M	$459M	$451M	$456M
Accum. Depreciation	$456M	$438M	$408M	$386M	$364M	$358M	$322M	$349M	$329M	$322M	$318M	$306M
Goodwill	$701M	$596M	$453M	$455M	$388M	$396M	$381M	$381M	$336M	$152M	$152M	$256M
Intangibles	$378M	$132M	$38M	$59M	$54M	$88M	$148M	$212M	$235M	$31M	$60M	$91M
Other Non-current Assets	$72M	$62M	$58M	$62M	$66M	$60M	$55M	$17M	$15M	$14M	$13M	$21M
Total Assets	$2.71B	$1.99B	$1.74B	$1.85B	$1.83B	$1.96B	$1.78B	$1.82B	$2.03B	$2.11B	$1.68B	$2.22B
Accounts Payable	$92M	$69M	$50M	$47M	$58M	$63M	$53M	$63M	$56M	$33M	$47M	$42M
Accrued Liabilities	$27M	$29M	$25M	$21M	$29M	$25M	$23M	$34M	$30M	$31M	$25M	$24M
Short-term Debt	$245M	$246M	$0	$96M	$68M	$457M	$3M	$0	$275M	$0	$0	$0
Current Liabilities	$680M	$590M	$247M	$344M	$369M	$747M	$233M	$284M	$553M	$229M	$226M	$376M
Capital Leases	$31M	$24M	$26M	$29M	$34M	$31M	$28M	$0	$27M	$28M	$29M	$29M
Deferred Tax	$7M	$6M	$12M	$14M	$10M	$24M	$24M	$15M	$20M	$2M	·	·
Other Non-current Liabilities	$180M	$228M	$172M	$187M	$170M	$226M	$231M	$226M	$181M	$164M	$179M	$168M
Total Liabilities	$1.26B	$1.21B	$1.05B	·	·	·	·	·	·	·	·	·
Long-term Debt	·	$396M	$636M	$630M	$616M	$224M	$679M	·	·	·	·	·
Total Debt	$245M	$246M	$0	$96M	$68M	$414M	$3M	$0	$275M	$0	$0	·
Common Stock	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K
Paid-in Capital	·	·	·	·	·	$70.18B	$70.15B	·	·	·	·	·
Retained Earnings	$-69.69B	$-69.63B	$-69.65B	$-69.60B	$-69.54B	$-69.32B	$-69.35B	$-69.38B	$-69.38B	$-69.31B	$-69.38B	$-68.87B
AOCI	$-116M	$-110M	$-144M	$-136M	$-156M	$-97M	$-166M	$-135M	$-103M	$-92M	$10M	$-48M
Stockholders' Equity	$1.45B	$780M	$682M	$691M	$672M	$764M	$633M	$627M	$735M	$804M	$689M	$1.10B
Liabilities + Equity	$2.71B	$1.99B	$1.74B	$1.85B	$1.83B	$1.96B	$1.78B	$1.82B	$2.03B	$2.11B	$1.68B	$2.22B
Shares Outstanding	247,000,000	223,000,000	221,900,000	221,500,000	226,400,000	228,300,000	228,000,000	229,000,000	227,000,000	228,000,000	232,000,000	235,000,000

Cash Flow 15

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Stock-based Comp	$55M	$53M	$49M	$51M	$52M	$48M	$45M	$38M	$30M	$33M	$44M	$67M
Deferred Tax	$11M	$-28M	$300.0K	$5M	$-10M	·	·	·	·	·	·	·
Amort. of Intangibles	$22M	$5M	$6M	$9M	$10M	$33M	$35M	$38M	$21M	$14M	$15M	$20M
Restructuring	$16M	$700.0K	$14M	$12M	$-100.0K	$-2M	$4M	$15M	$8M	$22M	$10M	$27M
Operating Cash Flow	$114M	$90M	$116M	$114M	$178M	$243M	$136M	$139M	$66M	$94M	$64M	$82M
CapEx	$31M	$28M	$20M	$51M	$72M	$52M	$32M	$45M	$42M	$39M	$36M	$102M
Investing Cash Flow	$-427M	$-128M	$-22M	$-127M	$-71M	$-49M	$-30M	$81M	$-286M	$114M	$244M	$-6M
Stock Issued	$575M	$0	$0	·	·	·	·	·	·	·	·	·
Stock Repurchased	$30M	$16M	$20M	$84M	$236M	$42M	$44M	$11M	$41M	$92M	$44M	$5M
Net Stock Activity	$545M	$-16M	$-20M	$-84M	$-236M	$-42M	$-44M	$-11M	$-41M	$-92M	$-44M	$-5M
Financing Cash Flow	$541M	$-24M	$-126M	$-50M	$-210M	$-59M	$-72M	$-300M	$-180M	$311M	$-159M	$-7M
Net Change in Cash	$228M	$-50M	$-34M	$-57M	$-136M	$161M	$17M	$-94M	$-398M	$521M	$135M	$51M
Taxes Paid	$24M	$30M	$31M	$48M	$77M	$37M	·	·	·	·	·	·
Free Cash Flow	$83M	$62M	$97M	$63M	$106M	$191M	$104M	$94M	$24M	$41M	$17M	$-19M
Levered FCF	·	·	·	$52M	$100M	$176M	$93M	$87M	$-43M	$3M	$-22M	$-55M

Profitability 8

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Gross Margin	57.7%	57.3%	57.6%	57.8%	59.9%	59.6%	58.6%	57.6%	55.9%	59.9%	60.7%	45.6%
Operating Margin	6.9%	5.3%	2.1%	7.4%	14.3%	11.9%	10.4%	6.0%	0.58%	1.7%	-9.3%	-3.1%
Net Margin	-2.0%	3.2%	-2.6%	2.3%	1.2%	3.9%	2.5%	0.48%	-5.2%	20.6%	-10.9%	·
Pretax Margin	1.1%	3.6%	1.2%	5.5%	5.0%	9.1%	8.3%	3.5%	-3.7%	23.0%	-5.1%	-4.9%
EBITDA Margin	6.9%	5.3%	2.1%	7.4%	14.3%	11.9%	10.4%	6.0%	0.58%	1.7%	-9.3%	-3.1%
ROA	-1.3%	1.9%	-1.4%	1.4%	0.82%	2.5%	1.6%	0.28%	-2.2%	8.8%	-5.1%	·
ROE	-2.7%	4.8%	-3.7%	3.7%	2.2%	6.0%	4.1%	0.74%	-6.2%	22.6%	-11.1%	·
ROIC	-11.9%	5.0%	-6.8%	4.4%	5.9%	5.0%	5.1%	1.8%	0.72%	1.5%	-13.4%	-5.1%

Liquidity & Solvency 4

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Current Ratio	1.8	1.5	3.5	2.8	2.7	1.6	3.9	3.2	2.1	7.3	5.4	3.7
Quick Ratio	1.5	1.2	2.9	2.2	2.2	1.4	3.3	2.7	1.8	6.8	4.9	3.0
Debt / Equity	0.2	0.3	0.0	0.1	0.1	0.5	0.0	0.0	0.4	0.0	0.0	·
Interest Coverage	·	·	·	3.0	7.9	3.9	3.5	2.0	0.1	0.3	-2.4	-1.5

Efficiency 3

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Asset Turnover	0.6	0.6	0.6	0.6	0.7	0.6	0.6	0.6	0.4	0.4	0.5	0.7
Inventory Turnover	4.7	4.4	4.0	4.1	5.1	5.4	5.1	4.9	5.5	6.5	6.8	·
Receivables Turnover	5.0	4.6	4.5	4.5	5.0	4.9	4.8	5.0	5.2	6.0	6.0	5.7

Per Share 5

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Book Value / Share	$5.86	$3.50	$3.07	$3.11	$2.97	$3.40	$3.12	$3.17	$3.17	$3.45	$2.97	$4.69
Revenue / Share	$6.62	$4.80	$4.49	$4.88	$5.43	$5.08	$4.86	$4.89	$3.88	$3.46	$3.87	$7.34
Cash Flow / Share	$0.50	$0.40	$0.52	$0.50	$0.75	$1.03	$0.58	$0.60	$0.29	$0.34	$0.23	$0.35
Cash / Share	$2.62	$1.90	$2.12	$2.28	$2.48	$3.06	$2.36	$2.28	$2.69	$4.41	$2.08	$1.48
EPS (TTM)	$-0.13	$0.15	$-0.12	$0.11	$0.07	$0.29	$0.21	$0.02	$-0.21	$0.68	$-0.42	$-0.38

Growth Rates 9

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue YoY	40.0%	8.4%	-9.6%	-14.4%	7.8%	5.5%	·	·	·	·	·	·
Revenue CAGR 3Y	11.1%	-5.7%	-5.9%	-0.89%	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	4.8%	-0.93%	·	·	·	·	·	·	·	·	·	·
EPS YoY	·	·	·	57.1%	-75.9%	38.1%	·	·	·	·	·	·
EPS CAGR 3Y	·	28.9%	·	-19.4%	·	·	·	·	·	·	·	·
EPS CAGR 5Y	·	-6.5%	·	·	·	·	·	·	·	·	·	·
Net Income YoY	·	·	·	64.5%	-77.0%	37.8%	·	·	·	·	·	·
Net Income CAGR 3Y	·	30.9%	·	-19.6%	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	·	-6.6%	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 14

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue TTM	$1.52B	$1.08B	$1.00B	$1.11B	$1.29B	$1.20B	$1.14B	$1.13B	$876M	$805M	$906M	$874M
Net Income TTM	$-30M	$35M	$-26M	$26M	$16M	$68M	$49M	$5M	$-49M	$160M	$-99M	$-88M
Market Cap	$11.76B	$2.23B	$1.53B	$2.52B	$2.96B	$3.98B	$2.85B	$3.04B	$2.32B	$2.40B	$1.53B	$1.61B
Enterprise Value	$11.36B	$2.05B	$1.03B	$2.09B	$2.47B	$3.70B	$2.31B	$2.52B	$1.82B	$964M	$566M	·
P/E	-366.4	66.7	-57.2	103.0	187.0	60.2	59.5	664.5	-48.8	15.5	-15.7	-18.0
P/S	7.7	2.1	1.5	2.3	2.3	3.3	2.5	2.7	2.7	3.0	1.7	1.8
P/B	8.1	2.9	2.2	3.6	4.4	5.1	4.0	4.2	3.2	3.1	2.2	1.5
P / Tangible Book	31.8	42.2	8.0	14.2	12.9	14.3	27.5	·	·	·	·	·
P / Cash Flow	103.3	24.8	13.1	22.0	16.6	16.4	21.0	21.9	35.2	30.0	29.0	19.5
P / FCF	142.1	36.0	15.7	39.9	28.0	20.8	27.5	32.4	98.9	58.0	88.1	-83.6
EV / EBITDA	108.1	35.7	49.7	25.4	13.3	26.0	19.6	37.4	356.7	70.9	-6.7	·
EV / FCF	137.2	33.1	10.7	33.2	23.3	19.3	22.3	26.9	77.4	23.3	32.5	·
EV / Revenue	7.5	1.9	1.0	1.9	1.9	3.1	2.0	2.2	2.1	1.2	0.6	·
Earnings Yield	-0.27%	1.5%	-1.8%	0.97%	0.53%	1.7%	1.7%	0.15%	-2.1%	6.5%	-6.3%	-5.6%

Income Statement 17

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Revenue	$443M	$407M	$369M	$299M	$290M	$285M	$271M	$238M	$252M	$246M	$254M	$248M	$264M	$248M	$284M	$310M
Cost of Revenue	$181M	$173M	$159M	$130M	$127M	$124M	$110M	$102M	$106M	$108M	$106M	$104M	$118M	$107M	$118M	$125M
Gross Profit	$262M	$234M	$211M	$169M	$164M	$161M	$161M	$136M	$146M	$138M	$148M	$144M	$146M	$141M	$167M	$185M
R&D Expense	$70M	$71M	$66M	$56M	$57M	$50M	$52M	$49M	$52M	$50M	$50M	$50M	$52M	$51M	$52M	$53M
SG&A Expense	$124M	$114M	$127M	$104M	$90M	$101M	$84M	$74M	$83M	$98M	$75M	$77M	$78M	$80M	$90M	$80M
Operating Expenses	$200M	$209M	$199M	$161M	$148M	$152M	$139M	$125M	$151M	$150M	$126M	$128M	$134M	$143M	$144M	$135M
Operating Income	$61M	$25M	$11M	$8M	$15M	$8M	$22M	$12M	$-6M	$-12M	$22M	$16M	$12M	$-2M	$23M	$50M
Interest Expense	·	·	·	·	·	·	·	·	·	$8M	$8M	$8M	·	$7M	$6M	$6M
Other Non-op	$3M	$7M	$4M	$1M	$2M	$2M	$4M	$3M	$4M	$4M	$4M	$10M	$3M	$2M	$2M	$1M
Pretax Income	$44M	$14M	$-39M	$-2M	$10M	$3M	$19M	$7M	$-10M	$-16M	$18M	$18M	$6M	$-9M	$19M	$45M
Income Tax	$11M	$7M	$10M	$19M	$2M	$-16M	$10M	$9M	$12M	$9M	$8M	$9M	$6M	$6M	$10M	$12M
Net Income	$33M	$6M	$-48M	$-21M	$8M	$20M	$9M	$-2M	$-22M	$-25M	$11M	$10M	$-100.0K	$-15M	$8M	$33M
EPS (Basic)	$0.15	$0.03	$-0.21	$-0.10	$0.04	$0.09	$0.04	$-0.01	$-0.10	$-0.11	$0.05	$0.04	$0.00	$-0.07	$0.04	$0.14
EPS (Diluted)	$0.15	$0.03	$-0.21	$-0.10	$0.03	$0.09	$0.04	$-0.01	$-0.10	$-0.11	$0.05	$0.04	$0.00	$-0.07	$0.04	$0.14
Shares (Basic)	·	232,000,000	223,900,000	222,900,000	·	222,600,000	222,000,000	222,000,000	·	223,000,000	222,500,000	222,000,000	222,200,000	224,100,000	225,900,000	226,300,000
Shares (Diluted)	·	249,500,000	223,900,000	222,900,000	·	226,900,000	224,800,000	222,000,000	·	223,000,000	223,500,000	224,200,000	222,200,000	224,100,000	227,100,000	230,400,000
EBITDA	·	$25M	$11M	$8M	·	$8M	$22M	$12M	·	$-12M	$22M	$16M	·	$-2M	$23M	$50M

Balance Sheet 28

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Cash & Equivalents	$648M	$499M	$766M	$544M	$424M	$374M	$488M	$468M	$471M	$454M	$544M	$521M	·	$581M	$484M	$513M
Short-term Investments	$2M	$2M	$2M	$2M	$2M	$23M	$21M	$25M	$20M	$28M	$25M	$20M	·	$2M	$1M	$1M
Receivables	$351M	$320M	$285M	$242M	$261M	$253M	$212M	$203M	$213M	$212M	$209M	$191M	·	$220M	$224M	$246M
Inventory	$155M	$148M	$141M	$124M	$118M	$116M	$93M	$93M	$96M	$103M	$115M	$114M	$116M	$126M	$120M	$111M
Prepaid Expense	$93M	$78M	$81M	$75M	$77M	$66M	$62M	$70M	$71M	$66M	$70M	$67M	·	$70M	$78M	$77M
Current Assets	$1.26B	$1.05B	$1.28B	$990M	$885M	$835M	$880M	$864M	$876M	$868M	$965M	$916M	·	$1.00B	$912M	$951M
PP&E (Net)	$224M	$222M	$227M	$230M	$232M	$228M	$226M	$230M	$228M	$232M	$236M	$239M	·	$247M	$245M	$232M
PP&E (Gross)	$680M	·	·	·	$670M	·	·	·	$637M	·	·	·	·	·	·	·
Accum. Depreciation	$456M	·	·	·	$438M	·	·	·	$408M	·	·	·	·	·	·	·
Goodwill	$701M	$702M	$704M	$592M	$596M	$585M	$451M	$461M	$453M	$453M	$455M	$450M	$455M	$452M	$449M	$388M
Intangibles	$378M	$398M	$419M	$123M	$132M	$140M	$29M	$34M	$38M	$43M	$48M	$53M	·	$64M	$72M	$49M
Other Non-current Assets	$72M	$72M	$70M	$69M	$62M	$61M	$58M	$62M	$58M	$60M	$61M	$58M	·	$62M	$62M	$63M
Total Assets	$2.71B	$2.53B	$2.78B	$2.08B	$1.99B	$1.93B	$1.73B	$1.74B	$1.74B	$1.74B	$1.86B	$1.80B	$1.85B	$1.92B	$1.83B	$1.77B
Accounts Payable	$92M	$82M	$91M	$67M	$69M	$67M	$56M	$47M	$50M	$42M	$44M	$40M	·	$44M	$50M	$62M
Accrued Liabilities	$27M	$28M	$24M	$30M	$29M	$26M	$27M	$24M	$25M	$36M	$22M	$26M	·	$28M	$29M	$27M
Short-term Debt	$245M	·	·	·	$246M	·	·	·	$0	·	·	·	·	·	·	·
Current Liabilities	$680M	$652M	$490M	$498M	$590M	$545M	$248M	$233M	$247M	$228M	$312M	$311M	·	$413M	$329M	$333M
Capital Leases	$31M	$31M	$28M	$29M	$24M	$25M	$23M	$26M	$26M	$27M	$27M	$28M	·	$29M	$29M	$30M
Deferred Tax	$7M	$10M	$10M	$7M	$6M	$8M	$7M	$8M	$12M	$14M	$19M	$17M	·	$15M	$14M	$15M
Other Non-current Liabilities	$180M	$192M	$232M	$220M	$228M	$264M	$155M	$165M	$172M	$177M	$183M	$185M	·	$195M	$194M	$167M
Total Liabilities	$1.26B	$1.68B	$1.94B	$1.36B	$1.21B	$1.20B	$1.04B	$1.04B	$1.05B	·	·	·	·	·	·	·
Long-term Debt	·	$836M	$1.22B	$640M	·	$396M	$639M	$638M	·	$634M	$633M	$631M	·	$628M	$617M	$617M
Common Stock	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K	·	$200.0K	$200.0K	$200.0K
Retained Earnings	$-69.69B	$-69.72B	$-69.73B	$-69.68B	$-69.63B	$-69.64B	$-69.66B	$-69.66B	$-69.65B	$-69.61B	$-69.59B	$-69.60B	·	$-69.59B	$-69.55B	$-69.53B
AOCI	$-116M	$-116M	$-108M	$-114M	$-110M	$-141M	$-155M	$-114M	$-144M	$-139M	$-127M	$-156M	·	$-143M	$-156M	$-199M
Stockholders' Equity	$1.45B	$846M	$834M	$724M	$780M	$729M	$683M	$702M	$682M	$705M	$728M	$675M	$691M	$682M	$688M	$648M
Liabilities + Equity	$2.71B	$2.53B	$2.78B	$2.08B	$1.99B	$1.93B	$1.73B	$1.74B	$1.74B	$1.74B	$1.86B	$1.80B	·	$1.92B	$1.83B	$1.77B
Shares Outstanding	247,000,000	234,000,000	231,000,000	223,000,000	223,000,000	223,000,000	222,000,000	222,000,000	221,900,000	223,000,000	223,000,000	222,000,000	221,500,000	222,000,000	225,000,000	227,000,000

Cash Flow 13

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Stock-based Comp	$14M	$14M	$14M	$13M	$13M	$14M	$14M	$13M	$13M	$13M	$12M	$11M	$12M	$13M	·	$13M
Deferred Tax	$1M	$-2M	$600.0K	$11M	$2M	$-25M	$0	$-5M	$3M	$-5M	$2M	$1M	$700.0K	$800.0K	·	$2M
Amort. of Intangibles	$7M	$7M	$6M	$2M	$2M	$1M	$1M	$1M	$1M	$2M	$1M	$2M	$2M	$2M	$2M	$2M
Restructuring	$-1M	$17M	$-100.0K	$-300.0K	$-200.0K	$-300.0K	$1M	$0	$14M	$100.0K	$-100.0K	$-800.0K	$2M	$10M	$0	$0
Operating Cash Flow	$67M	$-26M	$42M	$31M	$24M	$8M	$45M	$14M	$26M	$20M	$20M	$50M	$24M	$18M	·	$27M
CapEx	$11M	$6M	$6M	$8M	$6M	$7M	$8M	$7M	$4M	$3M	$6M	$7M	$7M	$11M	·	$15M
Investing Cash Flow	$-10M	$-5M	$-404M	$-8M	$12M	$-125M	$-4M	$-12M	$6M	$-7M	$-8M	$-13M	$-22M	$-9M	·	$-30M
Stock Repurchased	$0	$0	$0	$30M	$0	$0	$0	$16M	$10M	$0	$0	$10M	$10M	$30M	·	$19M
Net Stock Activity	·	·	·	$-30M	·	·	·	$-16M	·	·	·	$-10M	·	·	·	$-19M
Financing Cash Flow	$92M	$-231M	$583M	$98M	$-100.0K	$-2M	$-900.0K	$-21M	$-10M	$-97M	$-2M	$-16M	$-79M	$82M	·	$-27M
Net Change in Cash	$148M	$-265M	$224M	$120M	$49M	$-114M	$18M	$-4M	$19M	$-90M	$25M	$12M	$-78M	$96M	·	$-48M
Free Cash Flow	·	·	·	$22M	·	·	·	$6M	·	·	·	$44M	·	·	·	$12M
Levered FCF	·	·	·	·	·	·	·	·	·	·	·	$39M	·	·	·	·

Profitability 8

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Gross Margin	·	57.6%	57.0%	56.5%	·	56.4%	59.4%	57.1%	·	56.1%	58.1%	58.2%	·	56.9%	58.7%	59.6%
Operating Margin	·	6.1%	3.1%	2.5%	·	3.0%	8.2%	4.8%	·	-4.8%	8.8%	6.5%	·	-0.85%	8.1%	16.1%
Net Margin	·	1.6%	-13.0%	-7.1%	·	6.9%	3.4%	-0.76%	·	-10.0%	4.2%	4.0%	·	-6.2%	2.9%	10.5%
Pretax Margin	·	3.4%	-10.5%	-0.77%	·	1.1%	6.9%	3.0%	·	-6.3%	7.2%	7.4%	·	·	·	·
EBITDA Margin	·	6.1%	3.1%	2.5%	·	3.0%	8.2%	4.8%	·	-4.8%	8.8%	6.5%	·	-0.85%	8.1%	16.1%
ROA	·	0.29%	-2.1%	-1.1%	·	1.1%	0.51%	-0.10%	·	-1.3%	0.58%	0.55%	·	-0.81%	0.44%	1.7%
ROE	·	0.81%	-6.3%	-3.0%	·	2.7%	1.3%	-0.26%	·	-3.5%	1.5%	1.5%	·	-2.2%	1.1%	4.3%
ROIC	·	1.4%	1.7%	9.7%	·	7.1%	1.6%	-0.41%	·	-2.7%	1.8%	1.3%	·	·	·	·

Liquidity & Solvency 3

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Current Ratio	·	1.6	2.6	2.0	·	1.5	3.5	3.7	·	3.8	3.1	2.9	·	2.4	2.8	2.9
Quick Ratio	·	1.3	2.1	1.6	·	1.2	2.9	3.0	·	3.0	2.5	2.4	·	1.9	2.2	2.3
Interest Coverage	·	·	·	·	·	·	·	·	·	-1.5	2.8	2.1	·	-0.3	3.7	8.2

Efficiency 3

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Asset Turnover	·	0.2	0.2	0.2	·	0.2	0.2	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.2
Inventory Turnover	·	1.3	1.4	1.2	·	1.1	1.1	1.0	·	0.9	0.9	0.9	·	0.9	1.0	1.2
Receivables Turnover	·	1.4	1.5	1.3	·	1.2	1.3	1.2	·	1.1	1.2	1.1	·	1.0	1.2	1.3

Per Share 5

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Book Value / Share	·	$3.62	$3.61	$3.25	·	$3.27	$3.08	$3.16	·	$3.16	$3.26	$3.04	·	$3.07	$3.06	$2.86
Revenue / Share	·	$1.63	$1.65	$1.34	·	$1.26	$1.20	$1.07	·	$1.10	$1.14	$1.11	·	$1.11	$1.25	$1.35
Cash Flow / Share	·	·	·	$0.14	·	·	·	$0.06	·	·	·	$0.22	·	·	·	$0.12
Cash / Share	·	$2.13	$3.31	$2.44	·	$1.68	$2.20	$2.11	·	$2.04	$2.44	$2.35	·	$2.62	$2.15	$2.26
EPS (TTM)	·	$-0.25	$-0.19	$0.06	·	$0.02	$-0.18	$-0.17	·	$-0.02	$0.02	·	·	·	·	·

Valuation (TTM) 9

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Revenue TTM	·	$1.37B	$1.24B	$1.15B	·	$1.05B	$1.01B	$991M	·	$1.01B	$1.01B	·	·	·	·	·
Net Income TTM	·	$-55M	$-42M	$15M	·	$5M	$-39M	$-37M	·	$-4M	$5M	·	·	·	·	·
Market Cap	·	$8.11B	$4.20B	$2.72B	·	$2.51B	$2.26B	$2.00B	·	$2.03B	$2.25B	$2.03B	·	$2.40B	$2.36B	$2.96B
P/E	·	-138.6	-95.8	203.5	·	563.0	-56.6	-53.1	·	-454.5	503.5	·	·	·	·	·
P/S	·	5.9	3.4	2.4	·	2.4	2.2	2.0	·	2.0	2.2	·	·	·	·	·
P/B	·	9.6	5.0	3.8	·	3.4	3.3	2.9	·	2.9	3.1	3.0	·	3.5	3.4	4.6
P / Tangible Book	·	·	·	324.1	·	678.6	11.2	9.7	·	9.7	10.0	11.7	·	14.4	14.2	14.0
P / Cash Flow	·	·	·	87.8	·	·	·	148.5	·	·	·	40.3	·	·	·	111.4
Earnings Yield	·	-0.72%	-1.0%	0.49%	·	0.18%	-1.8%	-1.9%	·	-0.22%	0.20%	·	·	·	·	·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2026-06-27	2025-06-28	2024-09-28	2024-06-29	2023-07-01
Revenue	$1.52B	$1.08B	·	$1.00B	$1.11B
Gross Margin %	57.7%	57.3%	·	57.6%	57.8%
Operating Margin %	6.9%	5.3%	·	2.1%	7.4%
Net Income	$-30M	$35M	·	$-26M	$26M
Diluted EPS	$-0.13	$0.15	·	$-0.12	$0.11

Metric	2026-06-27	2025-06-28	2024-09-28	2024-06-29	2023-07-01
Debt / Equity	0.2	0.3	·	0.0	0.1
Current Ratio	1.8	1.5	·	3.5	2.8
Quick Ratio	1.5	1.2	·	2.9	2.2

Metric	2026-06-27	2025-06-28	2024-09-28	2024-06-29	2023-07-01
Free Cash Flow	$83M	$62M	·	$97M	$63M

Institutional owners (13F) 617 filers · $11.3B total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 617

Value held $11.3B

New positions 167

Exited positions 59

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
167 (+16 vs prior Q)	59 (+10 vs prior Q)	190 (+40 vs prior Q)	187 (+48 vs prior Q)	+20.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
BlackRock, Inc.	$1,228,529,045	25,728,357	10.90%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$650,148,911	13,615,684	5.77%	Shares
VANGUARD GROUP INC	$522,181,760	29,303,129	4.64%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$520,648,619	10,903,636	4.62%	Shares
JANE STREET GROUP, LLC	$443,763,145	9,293,469	3.94%	Shares
Capital World Investors	$437,180,234	9,155,607	3.88%	Shares
STATE STREET CORP	$370,653,454	7,762,376	3.29%	Shares
Whale Rock Capital Management LLC	$328,326,231	6,875,942	2.91%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$272,210,169	5,678,096	2.42%	Shares
TWO SIGMA INVESTMENTS, LP	$266,758,861	5,586,573	2.37%	Shares
Invesco Ltd.	$266,045,477	5,571,633	2.36%	Shares
MILLENNIUM MANAGEMENT LLC	$251,909,184	5,275,585	2.24%	Shares
WELLINGTON MANAGEMENT GROUP LLP	$181,452,531	3,800,053	1.61%	Shares
D. E. Shaw & Co., Inc.	$177,380,458	3,714,774	1.57%	Shares
JPMORGAN CHASE & CO	$171,946,680	3,616,564	1.53%	Shares
DIMENSIONAL FUND ADVISORS LP	$162,372,288	3,400,577	1.44%	Shares
NORGES BANK	$141,156,640	2,956,160	1.25%	Shares
BANK OF AMERICA CORP /DE/	$134,922,499	2,825,602	1.20%	Shares
MORGAN STANLEY	$133,373,395	2,793,158	1.18%	Shares
FULLER & THALER ASSET MANAGEMENT, INC.	$131,127,023	2,746,116	1.16%	Shares
GOLDMAN SACHS GROUP INC	$130,660,035	2,736,336	1.16%	Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$126,339,815	2,645,860	1.12%	Shares
ALLIANCEBERNSTEIN L.P.	$119,289,498	3,584,420	1.06%	Shares
Analog Century Management LP	$108,252,449	2,267,067	0.96%	Shares
NORTHERN TRUST CORP	$100,404,785	2,102,718	0.89%	Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A.	$99,207,931	2,077,653	0.88%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$96,270,017	2,016,126	0.85%	Shares
Allspring Global Investments Holdings, LLC	$94,960,808	2,017,438	0.84%	Shares
Bank of New York Mellon Corp	$87,914,136	1,841,134	0.78%	Shares
AMERIPRISE FINANCIAL INC	$86,650,096	1,814,675	0.77%	Shares
FMR LLC	$78,497,114	1,643,919	0.70%	Shares
SCHRODER INVESTMENT MANAGEMENT GROUP	$77,686,689	1,638,614	0.69%	Shares
BNP PARIBAS FINANCIAL MARKETS	$76,813,181	1,608,653	0.68%	Shares
VANGUARD FIDUCIARY TRUST CO	$72,593,848	1,520,290	0.64%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$71,519,377	1,497,788	0.63%	Shares
MARSHALL WACE, LLP	$68,845,234	1,441,785	0.61%	Shares
VOYA INVESTMENT MANAGEMENT LLC	$66,680,583	1,396,452	0.59%	Shares
BOWEN HANES & CO INC	$66,560,000	2,000,000	0.59%	Shares
UBS Group AG	$65,650,998	1,374,890	0.58%	Shares
CITADEL ADVISORS LLC	$61,535,521	1,288,702	0.55%	Shares
JANE STREET GROUP, LLC	$57,347,750	1,201,000	0.51%	Put option
JANE STREET GROUP, LLC	$56,798,625	1,189,500	0.50%	Call option
NEUBERGER BERMAN GROUP LLC	$52,784,617	1,105,437	0.47%	Shares
WELLS FARGO & COMPANY/MN	$52,691,586	1,103,489	0.47%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$52,128,675	1,091,700	0.46%	Call option
Qube Research & Technologies Ltd	$51,832,482	1,085,497	0.46%	Shares
Holocene Advisors, LP	$50,882,830	1,065,609	0.45%	Shares
Leeward Investments, LLC - MA	$48,457,942	1,014,826	0.43%	Shares
Robeco Schweiz AG	$42,784,000	896,000	0.38%	Shares
LOOMIS SAYLES & CO L P	$39,982,078	837,321	0.35%	Shares

Show all 617 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Sandell Asset Management Corp., Sandell Investment Services, L.L.C., Thomas E. Sandell ×3 filings	Dec. 17, 2015	·	Initial filing	·	SEC
(entities only) JDS Uniphase Corporation, Light Acquisition Corp.	Dec. 19, 2007	·	Initial filing	M&A / sale	SEC
JDS Uniphase Corporation	Nov. 6, 2001	·	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 63 insiders · 38 officers · 23 directors

19

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Oleg Khaykin	President & CEO	Sept. 22, 2026 M	1,778,065	19	$-35,977,517
Thomas H Waechter	CEO & President	Aug. 24, 2015 M	238,140	0	$0
Ilan Daskal	EVP, CFO	Sept. 22, 2026 A	94,566	5	$-5,015,759
Henk Derksen	EVP, CFO	Sept. 26, 2023 M	146,030	0	$0
Pamela K. Avent	Interim CFO	Feb. 28, 2021 M	51,452	0	$0
Amar Maletira	CFO	Oct. 1, 2020 M	274,449	0	$0
Rex S Jackson	EVP, Chief Financial Officer	Aug. 24, 2015 M	63,963	0	$0
David Vellequette	Chief Financial Officer	Aug. 15, 2012 M	106,386	0	$0
Ronald C Foster	CFO & Executive VP	Feb. 1, 2005 S	0	0	$0
David W Heard	President, CommTest	Feb. 22, 2015 M	36,675	0	$0
Stan Lumish	President of Optical Layer Gro	May 27, 2005 A	·	0	$0
Donald E Bossi	President of Transmission Grou	March 12, 2004 A	49,229	0	$0
Joseph Zils	President of Thin Film Product	July 30, 2003 A	·	0	$0
Anthony Michael Petrucci	SVP, Chief Operations Officer	Sept. 22, 2026 A	35,149	0	$0
Gary W Staley	SVP Global Sales NSE	Sept. 22, 2026 M	217,785	7	$-2,289,155
Kevin Christopher Siebert	SVP Gen. Counsel & Secretary	Sept. 22, 2026 M	71,654	5	$-1,682,874
Paul Mcnab	EVP, Chief Mktg & Stgy Officer	Sept. 22, 2026 M	59,832	8	$-1,125,531
Luke M Scrivanich	SVP General Manager OSP	Sept. 22, 2026 M	75,464	6	$-3,276,183
James L Veler Jr	SVP, CHIEF OPERATIONS OFFICER	March 7, 2025 S	0	0	$0
Ralph Rondinone	SVP Global Operations NSE	Sept. 26, 2024 S	32,722	0	$0
Dion Joannou	SVP Global Sales NSE	Jan. 31, 2017 M	47,329	0	$0
Susan Louise Spradley	SVP General Manager NSE	Jan. 31, 2017 M	47,650	0	$0
Alan S Lowe	EVP, President CCOP	May 22, 2015 M	221,747	0	$0
Andrew R Pollack	SVP, General Counsel	Feb. 22, 2015 M	0	0	$0
Roy Bie	Sr. Vice President	Aug. 1, 2012 S	3,122	0	$0
David R Holly	EVP & Pres., CommTest	June 20, 2010 M	0	0	$0
Matthew K Fawcett	General Counsel	June 20, 2010 M	0	0	$0
Sharad Rastogi	SVP, Corp Dev & Marketing	Oct. 15, 2009 M	109,346	0	$0
David Gudmundson	EVP, Optical Communications	Aug. 29, 2008 M	54,174	0	$0
Christopher Dewees	SVP & Chief Legal Officer	Aug. 29, 2008 M	0	0	$0
Alan R Etterman	SVP, Chief Information Officer	Aug. 22, 2008 M	56,609	0	$0
Helmut K Berg	Executive Vice President	Oct. 11, 2007 S	18,772	0	$0
John R Peeler	Executive Vice President	May 16, 2007 M	168,104	0	$0
Michael A Ricci	Sr. VP of Optical Comm.	Nov. 6, 2006 S	0	0	$0
Debbie Shoquist	Sr. Vice President of Operatio	May 27, 2006 M	28,912	0	$0
Thomas Znotins	Vice President of Subsystems	May 27, 2006 M	8,333	0	$0
Mark Stewart Sobey	Sr. Vice President, Sales & Ma	Oct. 26, 2005 M	24,067	0	$0
George Charles Christensen	Sr. VP OCLI Products & commers	May 27, 2005 A	·	0	$0
Laura A. Black	Director	Aug. 17, 2026 S	71,497	1	$-3,274,520
Doug Gilstrap	Director	May 5, 2026 S	55,766	1	$-550,000
Richard Belluzzo	Director	May 4, 2026 S	160,740	3	$-3,493,106
Donald A Colvin	Director	Feb. 26, 2026 S	147,053	3	$-1,414,357
Eugenia Corrales	Director	Dec. 10, 2025 S	3,384	1	$-63,484
Richard John Burns	Director	Dec. 10, 2025 S	3,384	1	$-63,484
Keith Barnes	Director	Nov. 13, 2025 A	27,213	4	$-3,139,797
Masood Jabbar	Director	Nov. 7, 2025 M	203,862	0	$0
Tor Braham	Director	Nov. 6, 2024 M	188,524	0	$0
Timothy Campos	Director	Nov. 11, 2022 M	118,941	0	$0
Glenda Dorchak	Director	Nov. 10, 2021 M	28,833	0	$0
Pamela J Strayer	Director	Feb. 28, 2018 S	60,804	0	$0
Harold L Covert	Director	Aug. 14, 2015 S	0	0	$0
Penny Herscher	Director	Dec. 8, 2014 A	50,753	0	$0
Martin A Kaplan	Director	Nov. 17, 2014 M	51,732	0	$0
Kevin Kennedy	Director	Aug. 16, 2012 M	149,944	0	$0
Casimir S Skrzypczak	Director	Nov. 15, 2011 M	42,383	0	$0
Richard Liebhaber	Director	Nov. 15, 2011 M	53,852	0	$0
Bruce Day	Director	Nov. 30, 2010 M	46,259	0	$0
Kevin A Denuccio	Director	Nov. 10, 2009 M	25,070	0	$0
Robert E Enos	Director	Dec. 1, 2005 A	125,606	0	$0
Peter A Guglielmi	Director	Dec. 1, 2005 A	26,863	0	$0
JDS UNIPHASE CORP /CA/	10% owner	Sept. 16, 2004 S	2,965,635	0	$0
Joanne Solomon	·	Aug. 14, 2026 S	65,924	1	$-429,200
Jo S Major	·	Aug. 10, 2004 M	11,326	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 64 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
ADPV · Series Portfolios Trust	4.39%	211,878 NS	July 31, 2026	N-PORT
IYZ · iShares Trust	1.98%	646,305 SH	Sept. 11, 2026	Daily
XMMO · Invesco Exchange-Traded Fund Trust	1.85%	3,095,651 SH	Oct. 1, 2026	Daily
AMOM · Exchange Listed Funds Trust	0.95%	6,135 NS	July 31, 2026	N-PORT
RFG · Invesco Exchange-Traded Fund Trust	0.73%	57,465 SH	Oct. 1, 2026	Daily
FNY · First Trust Exchange-Traded AlphaDE…	0.61%	96,112 NS	July 31, 2026	N-PORT
QQQS · Invesco Exchange-Traded Fund Trust …	0.60%	3,304 SH	Oct. 1, 2026	Daily
IVOG · VANGUARD ADMIRAL FUNDS	0.58%	230,801 SH	Aug. 19, 2026	Daily
DWAS · Invesco Exchange-Traded Fund Trust …	0.54%	52,964 SH	Oct. 1, 2026	Daily
EQAL · Invesco Exchange-Traded Fund Trust …	0.50%	95,115 SH	Oct. 1, 2026	Daily
ROUS · Lattice Strategies Trust	0.38%	72,553 NS	July 31, 2026	N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust	0.34%	217,428 SH	Oct. 1, 2026	Daily
IQSM · New York Life Investments ETF Trust	0.32%	28,149 NS	July 31, 2026	N-PORT
IVOO · VANGUARD ADMIRAL FUNDS	0.31%	377,797 SH	Aug. 19, 2026	Daily
NUSC · Nushares ETF Trust	0.31%	107,106 NS	July 31, 2026	N-PORT
QVMM · Invesco Exchange-Traded Fund Trust …	0.30%	28,849 SH	Oct. 1, 2026	Daily
FNX · First Trust Exchange-Traded AlphaDE…	0.29%	107,854 NS	July 31, 2026	N-PORT
ISCG · iShares Trust	0.27%	69,882 SH	Sept. 11, 2026	Daily
IWP · iShares Trust	0.25%	1,303,564 SH	Sept. 11, 2026	Daily
PTMC · Pacer Funds Trust	0.24%	25,655 NS	July 31, 2026	N-PORT
VFMO · VANGUARD WELLINGTON FUND	0.23%	97,329 SH	Aug. 19, 2026	Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr…	0.21%	26,023 NS	July 31, 2026	N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr…	0.20%	25,322 NS	July 31, 2026	N-PORT
BKMC · BNY Mellon ETF Trust	0.20%	35,048 NS	July 31, 2026	N-PORT
MIDU · Direxion Shares ETF Trust	0.18%	3,435 NS	July 31, 2026	N-PORT
FAD · First Trust Exchange-Traded AlphaDE…	0.18%	28,857 NS	July 31, 2026	N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr…	0.18%	96,432 NS	July 31, 2026	N-PORT
VBK · VANGUARD INDEX FUNDS	0.16%	1,625,246 SH	Aug. 19, 2026	Daily
DFAS · Dimensional ETF Trust	0.15%	626,022 NS	July 31, 2026	N-PORT
VB · VANGUARD INDEX FUNDS	0.14%	5,619,874 SH	Aug. 19, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.13%	2,684,040 SH	Aug. 19, 2026	Daily
ESML · iShares Trust	0.12%	90,278 SH	Sept. 11, 2026	Daily
VBR · VANGUARD INDEX FUNDS	0.12%	1,783,696 SH	Aug. 19, 2026	Daily
SMMD · iShares Trust	0.12%	122,907 SH	Sept. 11, 2026	Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr…	0.09%	62,433 NS	July 31, 2026	N-PORT
VGT · VANGUARD WORLD FUND	0.09%	3,082,963 SH	Aug. 19, 2026	Daily
WSML · iShares Trust	0.09%	15,409 SH	Sept. 11, 2026	Daily
KNCT · Invesco Exchange-Traded Fund Trust	0.08%	2,950 SH	Oct. 1, 2026	Daily
FTEC · FIDELITY COVINGTON TRUST	0.07%	402,376 NS	July 31, 2026	N-PORT
RWK · Invesco Exchange-Traded Fund Trust …	0.07%	20,279 SH	Oct. 1, 2026	Daily
IWR · iShares Trust	0.06%	946,221 SH	Sept. 11, 2026	Daily
IGM · iShares Trust	0.04%	109,940 SH	Sept. 11, 2026	Daily
DFAC · Dimensional ETF Trust	0.03%	401,237 NS	July 31, 2026	N-PORT
VONG · VANGUARD SCOTTSDALE FUNDS	0.03%	366,479 SH	Aug. 19, 2026	Daily
IWF · iShares Trust	0.03%	868,885 SH	Sept. 11, 2026	Daily
DCOR · Dimensional ETF Trust	0.02%	21,802 NS	July 31, 2026	N-PORT
IUSG · iShares Trust	0.02%	205,950 SH	Sept. 11, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.02%	7,779,710 SH	Aug. 19, 2026	Daily
VONE · VANGUARD SCOTTSDALE FUNDS	0.02%	38,111 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.02%	19,619 SH	Aug. 19, 2026	Daily
ESGV · VANGUARD WORLD FUND	0.02%	52,286 SH	Aug. 19, 2026	Daily
DFSU · Dimensional ETF Trust	0.02%	10,108 NS	July 31, 2026	N-PORT
IWB · iShares Trust	0.01%	159,611 SH	Sept. 11, 2026	Daily
DFAU · Dimensional ETF Trust	0.01%	40,763 NS	July 31, 2026	N-PORT
DFUS · Dimensional ETF Trust	0.01%	68,557 NS	July 31, 2026	N-PORT
IWV · iShares Trust	0.01%	64,163 SH	Sept. 11, 2026	Daily
ITOT · iShares Trust	0.01%	301,197 SH	Sept. 11, 2026	Daily
TILT · FlexShares Trust	0.01%	6,964 NS	July 31, 2026	N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.01%	192,249 SH	Aug. 19, 2026	Daily
IJH · iShares Trust	·	8,207,764 SH	Sept. 11, 2026	Daily
IJK · iShares Trust	·	1,356,517 SH	Sept. 11, 2026	Daily
ISCB · iShares Trust	·	9,934 SH	Sept. 11, 2026	Daily
SMLF · iShares Trust	·	91,480 SH	Sept. 11, 2026	Daily
SMMV · iShares Trust	·	8,816 SH	Sept. 1, 2026	Daily

VIAV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 15 analysts BUY

Median target $65.00 +38.0%

5 33.3% Strong Buy

8 53.3% Buy

2 13.3% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

7 analysts · 2026-10-01

Mean target $61.43 +30.4%

Now Current price $47.10

Low$44.00 Mean$61.43 High$70.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
VIAV	$11.76B	-366.4	40.0%	-2.0%	-2.7%	57.7%
MSI	$63.52B	30.1	8.0%	18.4%	104.7%	51.7%
CIEN	$26.78B	223.4	18.8%	2.6%	4.5%	42.0%
UI	$32.32B	33.7	27.2%	29.3%	78.2%	46.2%
FFIV	$18.64B	27.4	9.7%	22.4%	20.1%	81.4%
AAOI	$2.61B	-54.5	82.8%	-8.4%	-6.6%	30.0%
VSAT	$6.25B	-183.2	2.7%	-0.73%	-0.74%	·
ONDS	$3.72B	-15.7	605.3%	-260.7%	-57.0%	39.7%
EXTR	$4.25B	104.4	12.6%	3.3%	45.7%	61.5%
NTCT	$2.29B	24.5	4.5%	11.1%	5.9%	79.4%
DGII	·	33.8	1.5%	9.5%	6.6%	62.9%

Latest News Recent headlines mentioning this company

23

VIAVI Solutions (VIAV) Launches CyberFlood CF1000 400G Security Test Platform Yahoo Finance · 4 months, 1 week ago Via Transportation Q1 Loss Widens Nasdaq · 4 months, 3 weeks ago Why Viavi Solutions Stock Triumphed on Thursday Nasdaq · 5 months ago Jim Cramer on Viavi Solutions: “I Know It’s Expensive, But I’ll Tell You, That Is the Hot Area” Yahoo Finance · 6 months, 1 week ago G2 Investment Partners Initiates a New Position in Xometry Yahoo Finance · 6 months, 1 week ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

BLUECHIP_DIP Stopped out Jun 1

risk 1 reward 3.12

entry $48.21 R:R 3.12

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

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VIAV Viavi Solutions Inc. - Common Stock

VIAV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

VIAV Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Institutional owners (13F) 617 filers · $11.3B total · As of June 30, 2026

Activists & 5%+ owners 3 positions

Company insiders 63 insiders · 38 officers · 23 directors

ETF ownership Held by 64 ETFs

VIAV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals