Viavi Solutions Reports $1.08 Billion Revenue, 8.4% Growth for Fiscal Year Ending June 28, 2025

Viavi Solutions Inc. reported a net revenue of $1.08 billion for the fiscal year ending June 28, 2025, marking an increase of $83.9 million or 8.4% compared to the previous fiscal year. The growth was primarily driven by strong demand from the data center ecosystem for fiber and data center buildout products, as well as growth in aerospace and defense offerings. The company's GAAP operating margin improved to 5.3%, up 320 basis points year-over-year, while non-GAAP operating margin rose to 14.2%, an increase of 270 basis points. GAAP diluted earnings per share (EPS) reached $0.15, a significant increase from a loss of $0.12 in the prior year, while non-GAAP diluted EPS was $0.47, up 42.4% from the previous year.

The company underwent a strategic realignment of its reporting structure effective March 30, 2025, consolidating its Network Enablement and Service Enablement segments into a single Network and Service Enablement (NSE) segment. This change reflects the integration of operations and customer bases, which has been influenced by recent acquisitions, including the purchase of Inertial Labs, which contributed $25.2 million to revenue in fiscal 2025. Viavi also announced a proposed acquisition of Spirent Communications plc’s high-speed ethernet and network security business lines for $425 million, expected to close by the end of September 2025, pending regulatory approvals.

Operationally, Viavi reported a total employee headcount of approximately 3,600 as of June 28, 2025. The company continues to focus on expanding its customer base, which includes major telecommunications service providers and government agencies. The NSE segment's customer count includes notable names such as AT&T, Cisco, and Verizon. The company also noted a slight increase in its Optical Security and Performance Products (OSP) segment, which saw revenue growth driven by anti-counterfeiting products.

Looking ahead, Viavi anticipates continued stabilization and growth across its core business segments, with a focus on defending its market leadership and investing in emerging technologies such as 5G and optical applications. The company is also preparing for potential challenges posed by global economic conditions, including inflation and trade tariffs, which could impact operational costs and pricing strategies. Management remains optimistic about long-term growth drivers and plans to optimize its capital structure while navigating these market dynamics.