Viavi Solutions' stock surged 13.31% in after-hours trading on Wednesday, following the release of the company's third-quarter fiscal 2026 financial results that significantly exceeded analyst expectations.
The communication equipment provider reported adjusted earnings per share of $0.27, beating the consensus estimate of $0.23 by 17.39% and representing an 80% increase from the same period last year. Quarterly revenue reached $406.8 million, surpassing the $393.8 million estimate by 3.29% and marking a 42.84% year-over-year growth.
Additionally, Viavi provided strong guidance for the fourth quarter, forecasting adjusted EPS between $0.29 and $0.31 and net revenue in the range of $427 million to $437 million. The company also reported robust profitability metrics, including a gross margin of 57.5% and an adjusted operating margin of 21% for the quarter.
Comments