Highest-materiality recent filing
Underwriting for 11,111,111 shares at $45.00; underwriters' option for 1,666,666 additional shares fully exercised.
VIAVI Q3 revenue up 42.8% YoY to $406.8M; non-GAAP EPS $0.27 beats expectations
Revenue $406.8M (+42.8% YoY); non-GAAP diluted EPS $0.27 (+80% YoY); GAAP diluted EPS $0.03 (-66.7%).
VIAVI Q2 FY2026 revenue up 36% YoY to $369.3M; restructures workforce by 5%
GAAP net loss of $48.1M ($0.21 diluted EPS loss); non-GAAP net income $51.5M ($0.22 EPS).
VIAVI exchanges $103.5M of 1.625% convertible notes for 7.87M shares at $17.88 ea.
Exchange of $103.463M aggregate principal of 2026 Notes for 7,871,043 common shares at $17.88 per share.
VIAVI Q1 revenue $299.1M (+25.6% YoY) beats; non-GAAP EPS $0.15 (+150% YoY)
Net revenue $299.1M (+25.6% YoY), driven by strong data center and aerospace & defense demand.
Viavi closes $425M acquisition of Spirent testing business from Keysight; funds with $600M term loan
Closed acquisition of Spirent high-speed ethernet, network security and channel emulation business from Keysight for $425M cash.
Viavi issues $250M 0.625% convertible notes due 2031, exchanges ~$97.5M of 2026 notes
Issued $250M aggregate principal of 0.625% Senior Convertible Notes due March 1, 2031.
Viavi issues $250M 0.625% convertible notes due 2031; exchanges $97.5M of 1.625% notes due 2026
$250M aggregate principal of New Notes: ~$100.9M exchanged for $97.5M of existing 2026 Notes, ~$149.1M for cash.
VIAVI issues $250M 0.625% convertible notes due 2031; exchanges $97.5M of 1.625% notes due 2026
Issued $250M aggregate principal of 0.625% Senior Convertible Notes due 2031; $100.9M exchanged for ~$97.5M of 1.625% notes due 2026, $149.1M for cash.
VIAVI Q4 FY2025 revenue $290.5M (+15.3% YoY); Non-GAAP EPS $0.13
Q4 net revenue $290.5M, up 15.3% YoY; GAAP net income $8.0M vs loss of $21.7M last year.
Viavi Q3 fiscal 2025 revenue $284.8M (+15.8% YoY); GAAP EPS $0.09, Non-GAAP EPS $0.15
Net revenue $284.8M, up 15.8% YoY; GAAP net income $19.5M vs. prior year net loss of $24.6M.
VIAVI to acquire Spirent’s high-speed Ethernet test business from Keysight for $410M
Base purchase price $410M plus up to $15M contingent cash consideration.
Viavi Solutions Q2 FY2025 revenue $270.8M up 6.4% YoY; Non-GAAP EPS $0.13 beats expectations
Net revenue $270.8M, up 6.4% YoY; Non-GAAP diluted EPS $0.13, up 18.2% YoY.
VIAVI signs $150M deal to acquire Inertial Labs; expands aerospace/defense reach
Initial consideration $150M at closing plus up to $175M contingent over four years.
VIAVI Q1 FY25 revenue $238.2M (-3.9% YoY), GAAP loss per share ($0.01), non-GAAP EPS $0.06
Net revenue of $238.2M, down 3.9% YoY; GAAP net loss of $1.8M vs prior year profit.
VIAVI reports Q4 GAAP EPS -$0.10, revenue $252M, down 4.4% YoY
Q4 net revenue $252.0M, down 4.4% YoY; GAAP net loss $21.7M (-$0.10 EPS).
~6% of global workforce to be affected under the FY2024 Plan approved June 13, 2024.
Viavi's offer to acquire Spirent lapses after competing Keysight bid; deal terminated
Viavi Bidco's offer of £1.75/share (175 pence) for Spirent has lapsed as scheme meetings not held by deadline.
Net revenue $246.0M, down 0.7% YoY; GAAP net loss $24.6M (EPS -$0.11) vs loss $15.4M a year ago.
Viavi Solutions to acquire Spirent Communications for £1,005M ($1,277M) in cash
Spirent shareholders to receive 172.5 pence per share; aggregate value £1,005M ($1,277M).
Viavi reports Q2 FY24 revenue $254.5M (-10.5% YoY); non-GAAP EPS $0.11 (-21.4%)
Net revenue $254.5M, down 10.5% YoY; GAAP EPS $0.05 (+25%), non-GAAP EPS $0.11 (-21.4%).
VIAVI Q1 FY2024 net revenue $247.9M (-20% YoY); GAAP EPS $0.04, Non-GAAP $0.09
Net revenue $247.9M, down 20.1% YoY from $310.2M; slightly below guidance mid-point.
VIAVI appoints Ilan Daskal as EVP and CFO effective Nov 7, 2023; compensation details disclosed
Ilan Daskal named EVP/CFO effective Nov 7, replacing interim CFO Pamela Avent who returns to Global Controller.
VIAVI CFO Henk Derksen resigns; Pam Avent named interim CFO effective Oct 1
Henk Derksen resigns as CFO effective Aug 25, 2023, to return to Europe; departs Sept 30, 2023, with no dispute.
VIAVI Q4 FY2023 revenue $263.6M, down 21.4% YoY; GAAP EPS $0.00, non-GAAP EPS $0.10
Net revenue $263.6M, down $71.7M (21.4%) YoY; above high end of guided range.
Viavi Q3 revenue down 21.5% to $247.8M, GAAP EPS $(0.07)
Net revenue $247.8M, down 21.5% YoY from $315.5M; GAAP net loss $(15.4)M vs net income $19.2M YoY.
Viavi prelim Q3 rev $246-248M vs guidance $256-276M; NSE weakness
Preliminary Q3 revenue $246-248M, below prior guidance of $256-276M.
Viavi issues $250M of 1.625% convertible notes due 2026, exchanges $128M of 2024 notes
Issued $250M aggregate principal of 1.625% Senior Convertible Notes due 2026.
Viavi issues $250M in 1.625% convertible notes due 2026, exchanges $128M of 2024 notes
Issued $250M aggregate principal of 1.625% Senior Convertible Notes due 2026; initial conversion price ~$13.19/share (22.5% premium over $10.77 close).
Viavi reports Q2 revenue miss, 9.6% decline; announces restructuring of 5% workforce
Q2 revenue $284.5M (down 9.6% YoY); GAAP EPS $0.04 (down 71.4%); non-GAAP EPS $0.14 (down 41.7%).
VIAVI announces $300M stock repurchase program, confirms Q1 FY2023 guidance
Board authorized new $300M repurchase program effective Oct 1, 2022, replacing $200M program expiring Sept 30, 2022.
Viavi reports record FY2022 revenue $1.29B; Q4 revenue $335.3M up 7.8% YoY, non-GAAP EPS $0.24
Q4 net revenue $335.3M (+7.8% YoY); GAAP EPS $0.07 (up from $0.01 YoY); non-GAAP EPS $0.24 (+9.1% YoY).
Viavi Q3 FY2022 revenue $315.5M (+4% YoY), non-GAAP EPS $0.22 (+22% YoY)
Net revenue $315.5M, up 4% YoY; GAAP EPS $0.08 (+14% YoY); non-GAAP EPS $0.22 (+22% YoY).
Viavi Q2 FY2022 revenue $314.8M (+5% YoY); non-GAAP EPS $0.24 ties record
Non-GAAP operating margin 23.3% (record high), up 100 bps YoY.
Viavi enters $300M ABL revolver due 2026; terminates prior $300M facility
New $300M senior secured asset-based revolving credit facility matures December 30, 2026.
On October 18, 2023, Viavi Solutions Inc. (“ VIAVI ” or the “ Company ”) announced that, effective November 7, 2023, Ilan Daskal would join the Company as Executive Vice President and Chief Financial Officer.
Upon commencement of Mr. Daskal’s employment with the Company, Pamela Avent, who is currently serving as the Company’s Interim Chief Financial Officer, will resume her role as Global Controller.
On August 29, 2023, the Board appointed Pam Avent, currently VIAVI’s Global Controller, to serve as its interim CFO, effective October 1, 2023,
On August 25, 2023, Henk Derksen informed the board of directors (the “Board”) of Viavi Solutions, Inc. (“VIAVI” or the “Company”) of his desire to resign as VIAVI’s Chief Financial Officer (“CFO”) to return to Europe to pursue a new opportunity.
On January 9, 2023, Tim Campos notified Viavi Solutions Inc. (the “ Company ” or “ VIAVI ”) and its Board of Directors (the “ Board ”) that he was resigning from the Board and its Committees effective immediately.
On February 18, 2022, the Board of Directors (the “ Board ”) of Viavi Solutions Inc. (the “ Company ” or “ VIAVI ”) appointed Joanne Solomon as a director of the Company and appointed Ms. Solomon to serve on the Company’s audit committee (the “ Audit Committee ”), effective immediately.
Max materiality 0.90 · Median 0.65 · Most common event earnings