VIAVVIAVI SOLUTIONS INC.
Semiconductors & Related Devices
- Revenue
- $1.5B
- 40% YoY
- Operating margin
- 6.9%
- 31% YoY
- EBITDA
- $146M
- 52% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.3×
- $189M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear26% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear26% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $1.0B | $1.1B | $1.5B | 40% |
| Operating income | $185M | $82M | $21M | $58M | $105M | 83% |
| Net income | $16M | $26M | −$26M | $35M | −$30M | 187% |
| Operating cash flow | $178M | $114M | $116M | $90M | $114M | 27% |
| Capex | $73M | $51M | $20M | $28M | $31M | 12% |
| Stock-based comp | $52M | $51M | $49M | $53M | $55M | 4.3% |
| Buybacks | $236M | $84M | $20M | $16M | $30M | 83% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 3
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $12M | $95M | 273 | 103 |
| FY2025 | $11M | $16M | 57 | 94 |
| FY2024 | $8M | −$2M | 39 | 73 |
| FY2023 | $9M | $5M | 65 | 74 |
| FY2022 | $9M | $2M | 75 | 73 |