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VIAVI Reports Strong Q1, Guides Higher, Initiates $500M Buyback

Nov 4, 2026, 4:35 PM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong beat, higher guidance, and a sizable buyback tend to compress risk and support multiple expansion; near-term price upside possible if market upholds guidance and margins persist.

AI summary

What happened, with direct paths to the underlying reporting

VIAVI posted a strong fiscal Q1 with revenue of $469.3M, up 56.9% YoY, and significant margin expansion. The company issued a favorable Q2 outlook of $505-515M revenue and $0.50-0.52 non-GAAP EPS, while announcing a new $500M share repurchase plan. Management cites data center and aerospace/defense demand as growth drivers and expects momentum to continue.

Q1 revenue $469.3M, up 56.9% YoY; margins expanded meaningfully.
GAAP margin 17.4%; Non-GAAP margin 29.0% (gross 61.2%/64.4%).
GAAP net income $76.0M; Non-GAAP $125.8M; EPS $0.29/0.47.
New share repurchase authorization up to $500M; existing plan remains.
Q2 guidance: revenue $505-515M; Non-GAAP EPS $0.50-0.52.

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