Viavi Solutions: Explosive AI Growth Meets A Full Valuation
Viavi Solutions reported strong fiscal 2026 growth, with revenue up 40% to $1.52B and non-GAAP operating margin expanding to 20.6%, as AI data centers and aerospace/defense now drive two-thirds of NSE revenue. The company grew through acquisitions of Spirent and Inertial Labs and raised $575M in equity, improving its balance sheet but diluting shareholders.
Why it matters — VIAV watchers would care because the company's shift toward AI data centers and aerospace/defense marks a transformation from its telecom-focused past, alongside notable operational growth offset by shareholder dilution.