UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 27, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...

Financial Data and Key Metrics Changes - Revenue for fiscal Q4 was $266.6 million, a sequential increase of 4.1% but a year-on-year decline of 8% [6] - Operating profit increased by 37.6% sequentially to $52.3 million, with an operating margin of 19.6%, expanding by 200 basis points [6] - EPS for the quarter was $0.18, up by 5.9% from the previous year [6] Business Segment Data and Key Metrics Changes - NSE revenue was $208.4 million, growing 11.4% sequentially but declining 5.9% year-on-year [7] - NE revenue within NSE was $108.9 million, down 8.3% year-on-year but up 10.4% sequentially [8] - SE revenue increased 19% sequentially to $27.5 million, with a year-on-year growth of 14.1% [9] - OSP revenue was $58.2 million, down 15.9% sequentially and 14.8% year-on-year [10] Market Data and Key Metrics Changes - North America was the primary contributor to sequential growth, while Asia-Pacific and Europe showed signs of recovery [26] - Latin and South America were heavily impacted by COVID-19 and economic challenges, affecting demand [26] Company Strategy and Development Direction - The company aims to capitalize on long-term growth drivers in 5G wireless, fiber, and 3D sensing technologies [19] - There is an expectation for OSP to achieve record revenue levels driven by increased demand for anti-counterfeiting products and 3D sensing [19] Management's Comments on Operating Environment and Future Outlook - Management noted that the pandemic has created a two-half tale for fiscal 2020, with the first half performing strongly and the second half impacted by COVID-19 [18] - The company anticipates a recovery in NSE revenue in calendar 2021, with OSP expected to strengthen throughout the year [19] Other Important Information - The company reported total cash and short-term investments of $544 million, with operating cash flow for the quarter at $27.2 million [12] - Share repurchases totaled approximately $0.6 million at an average cost of $10.60 per share [12] Q&A Session Summary Question: Discussion on global market performance - Management indicated that lab and production segments remain strong, while field operations faced disruptions but are stabilizing as technicians return to work [24] Question: Fixed vs. variable costs in NSE margins - The mix of variable to fixed costs is approximately 40% variable and 60% fixed, with a sequential reduction in operating expenses due to disciplined management and lower travel costs [29] Question: Long-term impact of COVID on business - Management believes that while there may be delays in field operations, the overall demand for network improvements will lead to increased spending in the future [36] Question: Financial conditions of primary customers - Despite economic challenges, customers are upgrading their high-speed data services, indicating a stable demand for the company's products [44] Question: Update on 3D sensing growth - The company expects strong demand for 3D sensing driven by new product cycles, particularly if Android manufacturers follow Apple's lead in adopting new technologies [40] Question: Guidance for NSE revenue - The company anticipates a typical seasonal decline in NSE revenue for Q1, but the sales funnel remains healthy, and conversion is taking longer due to travel restrictions [66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) Delaware 94-2579683 (I.R.S. Employer Identific ...

Viavi Solutions Inc. (NASDAQ:VIAV) Q3 2020 Earnings Conference Call May 6, 2020 4:30 PM ET Company Participants Bill Ong - Head of Investor Relations Oleg Khaykin - President and Chief Executive Officer Amar Maletira - Executive Vice President and Chief Financial Officer Conference Call Participants Mehdi Hosseini - Susquehanna Financial Group Alex Henderson - Needham & Company, LLC John Marchetti - Stifel, Nicolaus & Company Tim Savageaux - Northland Securities Inc. Michael Genovese - MKM Partners Samik C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) Delaware 94-2579683 (I.R.S. Employer Identi ...

Financial Data and Key Metrics Changes - Viavi Solutions reported record revenue of $313.7 million for Q2 fiscal 2020, growing 2.2% year-over-year and exceeding guidance of $292 million to $312 million [7] - Operating margins reached 21.6%, expanding 80 basis points year-over-year, and also exceeded the guidance range of 18% to 20% [7] - Record EPS of $0.23, reflecting a 4.5% growth from the previous year, also surpassed the guidance range of $0.18 to $0.20 [7] Business Segment Data and Key Metrics Changes - NSE revenue was $234.2 million, growing 4.7% year-over-year and exceeding guidance of $216 million to $232 million [8] - NE revenue within NSE was $203 million, up 3.8% year-over-year, driven by strong performance in Fiber, Wireless, and Cable products [9] - SE revenue was $31.2 million, growing 10.6% year-over-year, driven by demand in Data Center products [9] - OSP revenue was $79.5 million, reaching the high end of guidance but declining 4.4% year-over-year due to expected declines in core OSP business [12] Market Data and Key Metrics Changes - NSE gross margin increased to 66.4%, up 110 basis points year-over-year, while SE gross margins decreased to 66.7%, down 530 basis points from the previous year [10] - OSP gross margins expanded to 54.8%, up 460 basis points due to efficiencies [12] - Operating cash flow for the quarter was $38 million, with total cash and short-term investments at $556.9 million [13] Company Strategy and Development Direction - The company focuses on three major growth drivers: 5G, Fiber, and 3D sensing, expecting robust demand for 5G lab test instruments throughout 2020 [17] - Viavi is enhancing operational effectiveness through a new ERP system, which went live in December [22] - The company anticipates continued growth in 3D sensing driven by technology adoption and customer diversification [20] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for 5G field test instruments ramping up in late 2020 or early 2021 [17] - The company expects cable spending to moderate for the remainder of fiscal 2020 after a strong start [18] - Management acknowledged potential impacts from the coronavirus situation in China but indicated that current forecasts account for these factors [32][35] Other Important Information - The company repurchased approximately $9.2 million of its stock during the quarter [13] - Guidance for Q3 fiscal 2020 includes expected revenue of approximately $278 million, operating margins of 15.5%, and EPS in the range of $0.13 to $0.15 [14] Q&A Session Summary Question: Geographic trends and performance - Management noted strong performance in North America and Europe, while Asia experienced a decline due to timing of major orders [26][29] Question: Impact of coronavirus on guidance - Management confirmed that current guidance includes potential impacts from the coronavirus, with limited exposure to service provider instrumentation in China [31][34] Question: OSP business trajectory - Management indicated that the core OSP business is expected to average about $50 million per quarter for fiscal 2020, with some redesigns anticipated in the second half [39][41] Question: SE business performance - SE revenue growth was attributed to improved demand in Data Center and Growth Assurance products, with expectations for stabilization in fiscal 2020 [43][45] Question: 400G upgrade market outlook - Management expects robust demand for 400G production equipment to continue throughout the year [50] Question: 5G deployment confidence - Management remains conservative about the speed of 5G deployment, emphasizing the complexity and scale of the rollout [78] Question: 3D sensing settlements - Management discussed settlements related to optical filter patents and the potential for increased test measurement sales [82]

VI.AVI | --- | --- | --- | |------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | Fiscal 2Q 2020 Earnings Call Supplementary Slides | | | | February 4, 2020 | | | Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements under Section 27A of the Securities Act of 1934. Forward-looking statements are all statements we make other than those dealing specifically with historical matters. These forward-looki ...

Financial Performance & Targets - VIAVI's FY19 revenue reached $1.13 billion, exceeding the initial guidance of $805 million - $875 million[8] - Non-GAAP EPS for FY19 was $0.68, surpassing the guidance of $0.45 - $0.55[17] - The company projects FY22 revenue between $1.2 billion and $1.3 billion, representing a CAGR of 2%-5% from FY19[57] - VIAVI anticipates FY22 operating profit between $230 million and $270 million, with a CAGR of 5%-11% from FY19[57] - The company forecasts FY22 EPS between $0.80 and $0.90, indicating a CAGR of 6%-10% from FY19[57] Segment Performance & Outlook - NSE (Network & Service Enablement) revenue is expected to grow at a CAGR of 2%-5% from FY19 to FY22[57] - OSP (Optical Security and Performance Products) revenue is also projected to grow at a CAGR of 2%-5% from FY19 to FY22[57] - NSE's operating margin is anticipated to be between 13.5% and 14.5% in FY22[57] - OSP's operating margin is projected to be between 35% and 37% in FY22[57] Strategic Initiatives & Investments - The company invested approximately $700 million in R&D and CAPEX, and around $630 million in M&A from FY16 to FY19[46] - VIAVI aims to leverage secular trends like "Fiber Everywhere" and 5G to drive growth and expand its total addressable market (TAM)[26] - A key growth driver for OSP is 3D sensing technology adoption in consumer, automotive, and industrial applications[26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) Delaware 94-2579683 (I.R.S. Employer Ident ...

VI.AVI | --- | --- | --- | |------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | Fiscal 1Q 2020 Earnings Call Supplementary Slides | | | | October 30, 2019 | | | Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements under Section 27A of the Securities Act of 1934. Forward-looking statements are all statements we make other than those dealing specifically with historical matters. These forward-looki ...