Core Viewpoint - Viavi Solutions Inc. will announce its fiscal second quarter 2026 financial results on January 28, 2026, after market close [1]. Group 1: Financial Results Announcement - The financial results will cover the period ended December 27, 2025 [1]. - An earnings call will be hosted at 1:30 p.m. PT / 4:30 p.m. ET on the same day [2]. - A live webcast of the earnings call and its replay will be available on the VIAVI website [2]. Group 2: Participation Details - Telephone participation can be done via a toll-free dial-in number: 1 (800) 715-9871 or a toll dial-in number: 1 (646) 307-1963 [3]. - The conference ID for the call is 3072689 [3]. - A replay of the call will be available from January 28, 2026, 4:30 p.m. PT to February 11, 2026, 8:59 p.m. PT [3]. Group 3: Company Overview - VIAVI Solutions is a global provider of network test, monitoring, and assurance solutions for various sectors including telecommunications, cloud, and military [4]. - The company is also a leader in light management technologies for applications in 3D sensing, anti-counterfeiting, and consumer electronics [4]. - More information about VIAVI can be found on their official website [4].

Core Insights - VIAVI Solutions Inc. has announced enhancements to its XEdge cloud-based edge monitoring and assurance platform, focusing on improved data collection capabilities for private 4G, 5G, and Wi-Fi networks at the edge [1][2]. Group 1: Product Enhancements - The enhanced XEdge portfolio now supports multiple sensor types, allowing customers to scale deployments based on monitoring needs, site density, and operational constraints [2]. - XEdge v2 is a portable, multi-carrier unit designed for comprehensive monitoring, supporting up to four cellular modems for high-capacity data collection [5]. - XEdge Lite is a compact sensor for fixed installation, supporting a single cellular modem for targeted, always-on monitoring across private networks, available in standard and ruggedized forms [5]. Group 2: Operational Features - XEdge provides continuous visibility into device connectivity and network performance through unattended edge sensors, centralized cloud dashboards, and automated analytics [2]. - The platform is designed for minimal daily management and does not require specialized network expertise, supporting remote control and automated 24/7 monitoring [3]. - Customizable reporting and multi-site scalability make XEdge suitable for enterprises, system integrators, and private network operators [3]. Group 3: Market Positioning - The enhancements aim to ensure reliability and user experience across diverse environments, including campuses, factories, transport hubs, remote sites, and secure zones [3]. - VIAVI Solutions is positioned as a global provider of network test, monitoring, and assurance solutions across various sectors, including telecommunications and aerospace [4].

Core Insights - VIAVI Solutions Inc. has launched the first all-in-one medium and long-range bidirectional testing and certification solution for hollow core fiber (HCF) [1] - The solution utilizes advanced 8100 Series OTDR modules, optical dispersion measurement (ODM) modules, and ReportPRO software with specific algorithms for bidirectional OTDR analysis [1][6] Technology and Performance - Hollow core fiber technology offers significant advantages over single mode fiber, including up to 30% lower latency, up to 70% reduced Chromatic Dispersion (CD), and up to 65% lower attenuation [3] - The technology is increasingly adopted for applications such as AI, high-frequency financial trading, and quantum communication, where operational performance improvements are critical [4] Market Demand and Testing Requirements - Projects involving hollow core fiber require larger investments and extensive testing due to higher manufacturing costs and unique optical properties [5] - VIAVI's solution is designed to meet the specific testing needs of hollow core fiber, including bidirectional OTDR, PMD, CD, and attenuation profile testing [6][7] Validation and Collaboration - The efficacy of VIAVI's solution has been validated through trials with leading fiber manufacturers and hyperscalers, demonstrating strong performance across various link distances [2][7]

Company Overview - Viavi Solutions is a technology company that specializes in network testing, monitoring, and optical security products, serving a global customer base with a diversified business model [1] - The company generates revenue primarily through hardware and software sales, recurring service contracts, and support offerings tailored for communications infrastructure and network optimization [2] Insider Transaction Details - Richard John Burns, a Director at Viavi Solutions, sold 3,384 shares in an open-market transaction on December 10, 2025, which represented 50% of his direct holdings, reducing his position from 6,768 to 3,384 shares [4][5] - The transaction was executed under a pre-established Rule 10b5-1 trading plan, ensuring a systematic approach to the sale [2][9] Impact of the Transaction - Following the sale, Burns's direct ownership in Viavi Solutions stands at 3,384 shares, which is approximately 0.0015% of the outstanding shares [3] - The stock had surged by around 85% over the previous year, reaching a five-year high at the time of the sale, indicating a favorable market condition for the company [5][6] - The current trailing P/E ratio is 292, reflecting past struggles, while the forward P/E ratio is around 29, closely approximating the S&P 500 average of 31, suggesting that while the valuation is not typically a sell signal, profit-taking after a significant run-up is understandable [7]

Core Viewpoint - Viavi Solutions Inc. has announced a private exchange of $103.463 million of its 1.625% Convertible Senior Notes due 2026 for approximately 7,871,043 shares of its common stock at a price of $17.88 per share, facilitating a plan to prepay a minimum of $100 million of its Term Loan Credit Facility [1][2]. Group 1: Exchange Details - The exchange is expected to close on or about December 22, 2025, subject to customary closing conditions [2]. - Following the exchange, approximately $49.037 million of the 2026 Notes will remain outstanding, and the company will not receive any cash proceeds from the exchange [2]. Group 2: Transaction Participants - The transaction participants are believed to be institutional "accredited investors" and "qualified institutional buyers" as defined under relevant securities regulations [3]. Group 3: Company Overview - Viavi Solutions is a global provider of network test, monitoring, and assurance solutions across various sectors, including telecommunications, cloud, and military applications [4].

Core Insights - VIAVI Solutions Inc. is recognized as a promising low-priced technology stock, focusing on enhancing its position in network performance and cybersecurity [1] - The company has partnered with CrowdStrike to integrate its Observer platform with Falcon Next-Gen SIEM, aiming to provide unified visibility for enterprises [2] Strategic Developments - VIAVI's growth outlook is supported by strategic mergers and acquisitions, including the acquisition of Spirent Communications' assets, which has led to an upgrade from Morgan Stanley [3] - The price target for VIAVI has been raised from $9.30 to $11, reflecting confidence in the company's growth potential [3] Market Positioning - The acquisition of Ethernet and network security business lines from Keysight Technologies is expected to enhance VIAVI's capabilities in channel emulation and technology testing [4] - Despite some risks, demand from sectors such as aerospace, defense, and data centers provides a counterbalance to potential challenges [4] Company Overview - VIAVI Solutions provides network test, monitoring, and assurance solutions across various sectors, including telecommunications, cloud, and military [5]

Core Viewpoint - Viavi Solutions Inc. has entered into agreements to issue $250 million of new senior convertible notes, replacing some of its existing notes and raising cash for debt repayment [1][3]. Group 1: Transaction Details - The company will issue approximately $100.9 million of new notes in exchange for about $97.5 million of its existing 1.625% Senior Convertible Notes due 2026, and will raise approximately $149.1 million in cash through subscription transactions [1][3]. - After the exchange, approximately $152.5 million of the 2026 Notes will remain outstanding with unchanged terms [1]. - The transactions are expected to close around August 20, 2025, subject to customary conditions [1]. Group 2: Financial Implications - The gross cash proceeds from the subscription transactions are estimated to be around $149.1 million, which will be used to repay a portion of the 2026 Notes due at maturity [3]. - The company plans to repurchase approximately $30 million of its common stock at a price of $11.03 per share, which is the last reported sale price on August 13, 2025 [4]. Group 3: New Notes Characteristics - The new notes will have a 0.625% annual interest rate, maturing on March 1, 2031, and will be convertible into cash or common stock under certain conditions [5]. - The initial conversion rate is set at 72.5295 shares per $1,000 principal amount, representing a conversion price of approximately $13.79 per share, which is a 25% premium over the common stock's closing price on August 13, 2025 [5]. - The company may redeem the new notes for cash starting September 6, 2028, under specific conditions [5]. Group 4: Investor Considerations - The new notes are offered only to institutional accredited investors and qualified institutional buyers, and have not been registered under the Securities Act [7]. - The placement agent for the transactions intends to purchase approximately $25 million of the company's common stock at a discount of about 5% to the last reported sale price [6].

Core Insights - VIAVI Solutions reported strong financial performance for the fiscal fourth quarter and fiscal year ended June 28, 2025, with net revenue reaching $290.5 million, a 15.3% increase year-over-year [4][6] - The company experienced stabilization in its core businesses and significant growth in the data center ecosystem and aerospace & defense segments, with expectations for continued positive momentum through calendar year 2025 [4][9] Fiscal Fourth Quarter - Net revenue for Q4 was $290.5 million, up from $252.0 million in Q4 FY 2024, representing a 15.3% increase [6][8] - GAAP operating margin improved to 5.3%, an increase of 760 basis points year-over-year, while non-GAAP operating margin was 14.4%, up 350 basis points [6][8] - GAAP net income was $8.0 million, a significant increase of 136.9% year-over-year, with diluted EPS of $0.04, up 140.0% [6][8] Fiscal Year 2025 - Total net revenue for FY 2025 was $1.08 billion, an increase of 8.4% from $1.00 billion in FY 2024 [8][6] - GAAP net income for the year was $34.8 million, up 234.9% year-over-year, with diluted EPS of $0.15, a 225.0% increase [6][8] - The company reported a non-GAAP operating margin of 14.2%, up 270 basis points year-over-year [8][6] Revenue by Segment - For FY 2025, the Network and Service Enablement segment generated $776.6 million, a 10.6% increase from FY 2024, while Optical Security and Performance Products generated $307.7 million, a 3.1% increase [8][7] - In Q4, the Network and Service Enablement segment contributed $209.1 million, and Optical Security and Performance Products contributed $81.4 million, reflecting year-over-year growth of 14.8% and 16.6%, respectively [7][6] Business Outlook - For Q1 FY 2026, the company expects net revenue to be between $290 million to $298 million and non-GAAP EPS to be between $0.13 to $0.14 [9]

Core Insights - VIAVI Solutions Inc. has introduced colocation capabilities to its VALOR Automated Lab-as-a-Service for Open RAN, responding to the growing demand for comprehensive testing from Open RAN customers [1][4] - The colocation model offers customers more flexibility and capacity, allowing for longer access periods and comprehensive testing throughout the product lifecycle [2][3] Company Developments - The VALOR facility is based in Chandler, Arizona, and is funded by the U.S. National Telecommunications and Information Administration (NTIA) Public Wireless Supply Chain Innovation Fund (PWSCIF) [1][4] - The colocation framework enhances the NTIA PWSCIF model, aiming to accelerate the development of open, secure wireless ecosystems by leveraging federal spending to attract private investment [4] Service Offerings - VALOR provides a highly automated Lab-as-a-Service suite for Open RAN interoperability, performance, and security, including a state-of-the-art RF chamber for Massive MIMO and beamforming over-the-air validation [4] - The lab utilizes VIAVI's NITRO Wireless Open RAN Test Suite and VAMOS unified framework, enabling vendors to test products without significant upfront investment, thus reducing risks and accelerating time to market [5]

Core Insights - VIAVI Solutions Inc. has launched its second-generation RSR Transcoder, designed to enhance operational capabilities in GPS/GNSS-denied environments [1][2] - The RSR Transcoder provides assured Position, Navigation, and Timing (PNT) outputs, facilitating upgrades to legacy systems [2][4] - The product addresses the increasing threat of GPS and GNSS jamming and spoofing, which are becoming common in electronic warfare [3][6] Product Features - The RSR Transcoder includes a GPS full constellation simulator and utilizes a patented algorithm for rapid conversion of assured inputs to Universal GPS signals [4] - It is ruggedized with IP68 enclosures suitable for various platforms and operates in a covert mode [5] - The device outputs at 100 Hz and offers multiple holdover oscillator options [5] Industry Context - The reliance on PNT technologies in modern military systems is growing, with adversaries increasingly capable of disrupting these systems [6] - The RSR Transcoder is positioned as a cost-effective solution for upgrading legacy systems to withstand such disruptions [6] Event Participation - The RSR Transcoder will be showcased at the 2025 Joint Navigation Conference, highlighting its capabilities in D3SOE navigation [6] - VIAVI will also present on various topics related to navigation and anti-jamming technologies during the conference [8]