Viavi Solutions Inc.

Worth knowing

• Shareholders being diluted. Shares outstanding up 11% from July 2023 to July 2026.

  Viavi Solutions had 11% more shares at July 2026 than at July 2023, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Viavi Solutions had 11% more shares at July 2026 than at July 2023, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

• Stock pay outran buybacks. Stock-based pay expense $158M vs $66M spent repurchasing shares over the 3 fiscal years to FY Jun 2026.

  Over three fiscal years Viavi Solutions recorded $158M of stock-based pay expense and spent $66M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Viavi Solutions recorded $158M of stock-based pay expense and spent $66M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

• Earnings slid into a loss. Loss per share this year after a profit last year.

  Viavi Solutions made a loss per share in its latest year after a profit the year before.

• Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $33M profit in the quarter to June 2026.

  Viavi Solutions reported a net loss over the last twelve months, but its most recent quarter was profitable ($33M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.