Viavi Solutions (NasdaqGS:VIAV) Q2 2026 Earnings call January 28, 2026 04:30 PM ET Company ParticipantsIlan Daskal - CFOOleg Khaykin - CEORuben Roy - Managing DirectorVibhuti Nayar - Head of Investor RelationsConference Call ParticipantsAndrew Spinola - AnalystRyan Koontz - Senior AnalystTim Savageaux - AnalystOperatorLadies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Viavi Solutions Fiscal Second Quarter ...

Viavi Solutions (NasdaqGS:VIAV) Q2 2026 Earnings call January 28, 2026 04:30 PM ET Company ParticipantsIlan Daskal - CFOOleg Khaykin - CEORuben Roy - Managing DirectorVibhuti Nayar - Head of Investor RelationsConference Call ParticipantsAndrew Spinola - AnalystRyan Koontz - Senior AnalystTim Savageaux - AnalystOperatorLadies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the VIAVI Solutions Fiscal Second Quarter ...

Core Insights - Trimble Inc. is a significant player in the positioning, surveying, and machine control products sector, with a market capitalization of $19.1 billion, integrating physical and digital solutions across various industries [1][2] Financial Performance - Trimble's stock price reached a three-year high of $87.50 on August 6, currently trading 8.3% below that peak, and has seen a decline of 77 basis points over the past three months, underperforming the Nasdaq Composite's 4.8% gains during the same period [3] - Year-to-date, Trimble's stock has gained 13.6% and 7.2% over the past 52 weeks, while the Nasdaq has surged 20.1% in 2025 and 16.5% over the past year [4] - Following the release of Q3 results on November 5, Trimble's stock gained 2.5%, with organic revenues increasing and overall topline growth of 2.9% year-over-year to $901.2 million, alongside a 15.7% rise in adjusted EPS to $0.81, surpassing consensus estimates by 12.5% [5] Market Position - Trimble has outperformed its peer, Fortive Corporation, which has seen a 26.8% decline year-to-date and a 28.5% drop over the past 52 weeks [6] - Among analysts covering Trimble, the consensus rating is a "Strong Buy," with a mean price target of $97.70, indicating a potential upside of 21.7% from current levels [6]

Core Viewpoint - Iridium Communications Inc. has appointed Louis Alterman to its Board of Directors, expanding the board to twelve members, with nine being independent [1]. Group 1: Appointment Details - Louis Alterman's appointment is effective immediately and aligns with Iridium's strategic vision for innovative communication services globally [2]. - The CEO, Matt Desch, highlighted Alterman's experience in guiding companies through transformation and growth as a significant asset for Iridium [2]. - Robert H. Niehaus, Chairman of the Board, emphasized Alterman's operational leadership and financial expertise in the communications and technology sectors [2]. Group 2: Background of Louis Alterman - Alterman has been the president and CEO of Stratix Corporation since 2019, which is the largest pure-play enterprise mobility specialist in North America [3]. - He served as CFO of Rackspace from 2017 to 2019 and held various roles at EarthLink from 2003 to 2017, including CFO from 2015 to 2017 [3]. - His board experience includes serving on the board of Diversified and previously on the board of CareerBuilder from 2018 to 2022 [4]. Group 3: Educational Background - Alterman holds a bachelor's degree in business administration from the University of Georgia and an MBA from Emory University's Goizueta Business School [4]. - He has completed executive education at Harvard University [4]. Group 4: Company Overview - Iridium Communications Inc. is the only mobile voice and data satellite communications network that provides global coverage [5]. - The company enables real-time connections for people, organizations, and assets worldwide [5]. - In 2024, Iridium acquired Satelles, enhancing its positioning, navigation, and timing (PNT) services [5].

Financial Data and Key Metrics Changes - Net revenue for Q1 2026 was $299.1 million, exceeding guidance of $290 million to $298 million, representing a 3% sequential increase and a 25.6% year-over-year increase [4] - Operating margin for Q1 was 15.7%, above guidance of 14.6% to 15.4%, and increased by 130 basis points sequentially and 570 basis points year-over-year [4] - EPS for the quarter was $0.15, above guidance of $0.13 to $0.14, and increased by $0.02 sequentially and $0.09 year-over-year [4] Business Segment Data and Key Metrics Changes - NSC revenue was $216 million, above guidance of $208 million to $214 million, with a year-over-year increase of 35.5% driven by strong demand from the data center ecosystem and the acquisition of Inertia Labs [5] - OSB revenue was $83.1 million, in line with guidance of $82 million to $84 million, and up 5.5% year-over-year, primarily due to strength in anti-counterfeiting products [6] Market Data and Key Metrics Changes - Total cash and short-term investments at the end of Q1 were $549.1 million, compared to $429 million in the previous quarter [7] - Cash flow from operating activities for the quarter was $31 million, up from $13.5 million in the same period last year [7] Company Strategy and Development Direction - The company expects continued strong demand in NSC driven by the data center ecosystem and aerospace and defense customers, with a focus on integrating the recently acquired Spirent Communications product lines [9][10] - The company plans to report NSC as one business segment going forward, leveraging complementary product portfolios [10] Management's Comments on Operating Environment and Future Outlook - Management noted strong momentum from Q4 2025, with expectations for continued growth in NSC driven by data center demand and aerospace and defense [11][12] - The service providers' business was stable, with gradual recovery in fiber offset by soft demand for wireless products [13] Other Important Information - The company successfully refinanced $250 million in convertible notes and repurchased approximately 2.7 million shares for about $30 million [7] - The acquisition of Spirent Communications is expected to add about $200 million in annual revenue run rate, higher than the previous estimate of $188 million [8][44] Q&A Session Summary Question: Update on revenue mix between core telecom service provider and new products - Management indicated a shift in revenue mix to approximately 45% service provider, 40% data center ecosystem, and 15% aerospace and defense, with data center revenue approaching service provider levels [18][19] Question: Growth breakdown in core NSC business - Management noted strong demand from data center and aerospace and defense sectors, with traditional field instruments seeing increased demand from hyperscalers [20][22] Question: Operating margin guidance for NSC - Management expects operating margins to improve with Spirent's contribution, projecting around $165 million in quarterly revenue from Spirent [24][25] Question: Impact of wireless business recovery on earnings - Management acknowledged that recovery in the wireless segment could significantly enhance earnings, with potential for EPS to approach $1 if trends continue positively [27][28] Question: Margin profile of Spirent Communications business - Management stated that Spirent has a higher gross margin than the average NSC and is expected to be accretive post-integration [51][52]