Viavi Solutions Inc. (VIAV) reported strong financial results for the third quarter of fiscal 2026 on April 29, with revenues reaching $406.8 million, a 42.8% year-over-year increase, surpassing the Zacks Consensus Estimate of $393.5 million. Non-GAAP net income was $67.6 million, or 27 cents per share, exceeding expectations by 3 cents. The company projects a 35% growth in sales this fiscal year, aiming for $1.46 billion, along with a 70% increase in earnings per share to $0.80.
Key drivers of growth included strong demand from data centers and contributions from recent acquisitions such as the Spirent product line. The Network and Service Enablement segment alone generated $321.5 million in revenue, up 54.4% year-over-year, while net sales from the Americas reached $182.8 million, driven by a 69% increase compared to the prior year. Institutional interest in VIAV shares has also surged, with 280 active investors increasing their positions by over 82 million shares in Q1.
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