Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $906M | $805M | $876M | $1.13B | $1.14B | $1.20B | $1.29B | $1.11B | $1.00B | $1.08B |
| Revenue growth | — | -11.2% | 8.8% | 29.1% | 0.5% | 5.5% | 7.8% | -14.4% | -9.6% | 8.4% |
| Gross profit | $550M | $479M | $488M | $651M | $665M | $714M | $774M | $639M | $576M | $621M |
| Gross margin | 60.7% | 59.5% | 55.8% | 57.6% | 58.5% | 59.6% | 59.8% | 57.8% | 57.6% | 57.3% |
| Operating income | -$84.3M | $7.00M | $1.90M | $67.4M | $118M | $142M | $185M | $82.4M | $20.8M | $57.5M |
| Operating margin | -9.3% | 0.9% | 0.2% | 6.0% | 10.4% | 11.9% | 14.3% | 7.4% | 2.1% | 5.3% |
| Net income | -$99.2M | $160M | -$48.6M | $5.40M | $49.0M | $67.5M | $15.5M | $25.5M | -$25.8M | $34.8M |
| Net margin | -10.9% | 19.9% | -5.5% | 0.5% | 4.3% | 5.6% | 1.2% | 2.3% | -2.6% | 3.2% |
| EPS (diluted) | -$0.42 | $0.68 | -$0.21 | $0.02 | $0.21 | $0.29 | $0.07 | $0.11 | -$0.12 | $0.15 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $64.3M | $94.3M | $66.0M | $139M | $136M | $243M | $178M | $114M | $116M | $89.8M |
| Capital expenditures | $35.5M | $38.6M | $42.5M | $45.0M | $31.9M | $52.1M | $72.5M | $51.1M | $19.5M | $27.8M |
| Free cash flow | $28.8M | $55.7M | $23.5M | $93.8M | $104M | $191M | $106M | $63.0M | $96.9M | $62.0M |
| Share buybacks | $44.5M | $92.0M | $40.8M | $11.2M | $44.4M | $42.2M | $236M | $83.9M | $20.0M | $16.4M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $483M | $1.00B | $611M | $522M | $539M | $698M | $560M | $507M | $471M | $424M |
| Total assets | $1.68B | $2.11B | $2.03B | $1.82B | $1.78B | $1.96B | $1.83B | $1.85B | $1.74B | $1.99B |
| Total liabilities | — | — | — | — | — | — | — | — | $1.05B | $1.21B |
| Long-term debt | — | — | — | — | — | $224M | — | — | — | — |
| Shareholders' equity | $689M | $804M | $735M | $627M | $633M | $764M | $672M | $691M | $682M | $780M |
| Retained earnings | -$69.4B | -$69.3B | -$69.4B | -$69.4B | -$69.4B | -$69.3B | -$69.5B | -$69.6B | -$69.6B | -$69.6B |
| Shares (wtd avg diluted) | 234M | 235M | 227M | 231M | 235M | 236M | 238M | 227M | 223M | 226M |
Every figure is extracted from VIAVI SOLUTIONS INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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