VIAVI SOLUTIONS INC.(VIAV)Stock Analysis
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Rank #1,829 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
VIAV Stock Analysis & AI Quality Score
AI stock analysis and institutional research for VIAVI SOLUTIONS INC. (VIAV), a Technology sector company. 13F Pro's AI-powered ranking engine scores VIAV at 42.9/100 on a 32-signal composite quality model, placing it at rank #1,829 of 2,879 stocks — the bottom half of the AI-ranked universe. VIAV scores in the top quartile across revenue growth (77.8). Areas of concern include institutional flow (7.2) and profitability (27.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 26.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), VIAVI SOLUTIONS INC. reports quarterly revenue of $406.8M, net income of $6.4M, free cash flow of $-32.2M. Top institutional holders of VIAV by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, Capital World Investors, based on the most recent SEC filings. VIAV trades on the Nasdaq exchange and files with the SEC under CIK 912093. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VIAV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for VIAVI SOLUTIONS INC. directly from SEC EDGAR. VIAVI SOLUTIONS INC.'s 13F Pro composite quality score has ranged between 8 and 58 since 2021, currently 42.9 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q3 2026
$406.8M
Net Income
Q3 2026
$6.4M
Free Cash Flow
Q3 2026
$-32.2M
ROIC
Q3 2026
1.5%
D/E Ratio
Q3 2026
1.28
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-9.6% YoYNet Income
-201.2% YoYOperating Income
-74.8% YoYEPS (Diluted)
-209.1% YoYTotal Assets
-6.2% YoYTotal Debt
-22.6% YoYOp. Cash Flow
+2.0% YoY| Metric | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.00B -9.6% | $1.11B -7.7% | $1.20B +5.5% | $1.14B +29.8% | $875.7M +7.9% | $811.4M |
| Net Income | $-25.8M -201.2% | $25.5M -62.2% | $67.5M +37.8% | $49.0M +200.8% | $-48.6M -130.3% | $160.2M |
| Operating Income | $20.8M -74.8% | $82.4M -42.1% | $142.2M +20.4% | $118.1M +6115.8% | $1.9M -72.9% | $7.0M |
| EPS (Diluted) | $-0.12 -209.1% | $0.11 -62.1% | $0.29 +38.1% | $0.21 +200.0% | $-0.21 -130.9% | $0.68 |
| Total Assets | $1.74B -6.2% | $1.85B -5.7% | $1.96B +10.4% | $1.78B -12.4% | $2.03B -4.0% | $2.11B |
| Total Debt | $636.0M -22.6% | $821.9M -27.7% | $1.14B +66.1% | $684.7M +148.7% | $275.3M | $0.00 |
| Operating Cash Flow | $116.4M +2.0% | $114.1M -53.1% | $243.3M +79.4% | $135.6M +105.5% | $66.0M -30.0% | $94.3M |
AI Insight: VIAV Financial Trends
Revenue surged 62% year-over-year to $407M in Q1 2026, but leverage spiked and operating cash flow turned negative.
• Revenue accelerated from $252M (Q2 2024) to $407M (Q1 2026), a 62% gain over 9 quarters.
• Total debt jumped to $1,081M (Q1 2026) from $638M (Q3 2024), nearly doubling the balance sheet.
• Operating income recovered to $25M (Q1 2026) after a $48M loss in Q4 2025.
⚠ Operating cash flow collapsed to -$26M (Q1 2026), first negative quarter in dataset; working capital pressure evident.
⚠ Net income swung from -$48M loss (Q4 2025) to +$6M profit (Q1 2026); profitability remains volatile.
⚠ Leverage ratio (debt-to-equity) surged to 1.28x (Q1 2026) from 0.88x (Q2 2024).
AI Insight: VIAV Ratio Trends
VIAVI swung to profitability in Q1 2026 but remains volatile; leverage crept back above 1.2x after improving.
• Operating margin recovered to 6.1% in Q1 2026 from 3.1% in Q4 2025, strongest since Q4 2024's 8.2%.
• Net profit margin turned positive at 1.6% in Q1 2026 versus -13.0% in Q4 2025, signaling improved cost control.
• Debt-to-equity ratio climbed to 1.28 in Q1 2026 from 0.32 in Q2 2025, reversing recent deleveraging progress.
⚠ ROIC remains depressed at 3.1% TTM, barely above zero-line swings seen in Q3–Q4 2025.
⚠ Q3–Q4 2025 showed severe earnings headwinds (NPM -7.1% to -13.0%), suggesting seasonal or structural challenges.
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13F Pro tracks comprehensive data for VIAVI SOLUTIONS INC. including:
Top Institutional Holders of VIAV
BlackRock, Inc.
$1.2B35,237,607 shVANGUARD PORTFOLIO MANAGEMENT LLC
$590.3M17,737,421 shCapital World Investors
$385.1M11,570,319 shVANGUARD CAPITAL MANAGEMENT LLC
$344.5M10,352,807 shSTATE STREET CORP
$308.1M9,257,300 shInvesco Ltd.
$260.9M7,839,093 shGEODE CAPITAL MANAGEMENT, LLC
$209.2M6,284,982 shWELLINGTON MANAGEMENT GROUP LLP
$181.2M5,443,294 shDIMENSIONAL FUND ADVISORS LP
$143.5M4,311,625 shFMR LLC
$129.2M3,880,961 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.2B | 35,237,607 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $590.3M | 17,737,421 |
| Capital World Investors | $385.1M | 11,570,319 |
| VANGUARD CAPITAL MANAGEMENT LLC | $344.5M | 10,352,807 |
| STATE STREET CORP | $308.1M | 9,257,300 |
| Invesco Ltd. | $260.9M | 7,839,093 |
| GEODE CAPITAL MANAGEMENT, LLC | $209.2M | 6,284,982 |
| WELLINGTON MANAGEMENT GROUP LLP | $181.2M | 5,443,294 |
| DIMENSIONAL FUND ADVISORS LP | $143.5M | 4,311,625 |
| FMR LLC | $129.2M | 3,880,961 |
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Is VIAV a good stock to buy?
13F Pro's AI-powered analysis of VIAVI SOLUTIONS INC. (VIAV) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VIAV are available on the VIAV stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own VIAV?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VIAV. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of VIAVI SOLUTIONS INC.'s investment landscape.