Core Insights - Viavi Solutions reported strong fiscal second-quarter 2026 results, with net revenue of $369.3 million, which is at the high end of the company's guidance range, reflecting a 23.5% sequential increase and a 36.4% year-over-year growth [3][6] - The company experienced significant growth in its Network Service Enablement (NSE) segment, with revenue reaching $291.5 million, up 45.8% year-over-year, driven by acquisitions and strong demand in the data center ecosystem [5][6] - Viavi's non-GAAP operating margin improved to 19.3%, exceeding guidance and reflecting a 360 basis point increase from the prior quarter [2][6] Financial Performance - Revenue from Spirent was $43 million, slightly below expectations of $45 million to $55 million due to timing issues [1] - Non-GAAP earnings per share were $0.22, surpassing guidance of $0.18 to $0.20, and increased by $0.07 sequentially [2][6] - NSE gross margin was 64.7%, while operating margin improved to 15.6%, up from 8.7% in the same quarter last year [6] Balance Sheet and Cost Management - The company ended the quarter with $772.1 million in cash and short-term investments, an increase from $549.1 million in the previous quarter [9] - Viavi executed a restructuring plan impacting approximately 5% of its workforce, with expected annual savings of about $30 million [12] - The company exchanged about $100 million of convertible notes for shares and prepaid $100 million of its Term Loan B [10][11] Market Demand and Outlook - Demand from the data center ecosystem continues to drive growth, with management noting longer visibility in data center-related demand [13][14] - The company expects fiscal third-quarter 2026 revenue to be between $386 million and $400 million, with NSE revenue projected at $304 million to $316 million [15] - Viavi anticipates paying a $75 million earnout related to Inertial Labs in the third quarter due to strong performance [16]

Core Insights - Viavi Solutions Inc. has expanded its high-speed test solutions portfolio with the launch of the 800G transport module for the OneAdvisor 800 Transport Platform, positioning itself as a leader in 800G testing solutions [1][8] - The OneAdvisor 800 platform, launched in 2020, is a comprehensive field-ready test tool that supports various network environments, enhancing installation and maintenance efficiency [2][4] - The new 800G transport module addresses the growing demand for high-speed fiber and transport technologies, particularly for AI and machine learning applications [3][8] Product Features - The 800G transport module supports installation and maintenance across various environments, including metro/core and data center interconnects, and can test both traditional and new cable types [4][6] - It is compatible with quad small form-factor pluggable and optical small form-factor pluggable, which are increasingly used in 800G applications [6] - The module can be paired with other Viavi testing tools for enhanced troubleshooting and analysis capabilities [5] Market Position and Prospects - Viavi's comprehensive product portfolio offers end-to-end network visibility and analytics, which is expected to drive revenue growth as the industry transitions to superfast 5G networks [7][8] - The launch of the 800G module is anticipated to generate incremental demand for Viavi's solutions, potentially leading to improved financial performance and stock price appreciation [8] - Viavi's stock has gained 15.3% over the past year, although this is below the industry's growth of 34.4% [9]

Core Insights - VIAVI Solutions Inc. has launched the CX200 infrastructure field tester, designed to simplify the work of technicians and reduce Total Cost of Ownership (TCO) for testing, maintaining, and troubleshooting critical radio networks [1][4] Product Overview - The CX200 is a handheld device that incorporates VIAVI's automated test applications, which are recognized globally for their speed, repeatability, and accuracy in testing and alignment [3] - It features a compact design while providing essential functions for on-site infrastructure testing, including cable sweeps and site surveys [3][7] - The device includes a large color touchscreen and a user-friendly interface, allowing technicians to navigate test setups efficiently [7] Market Context - The global public safety radio market is transitioning from dedicated technologies like Project 25 (P25) and Terrestrial Trunked Radio (TETRA) towards secure cellular technology for mission-critical communications [2] - Field technicians require comprehensive and intuitive tools to effectively deploy and maintain complex public safety infrastructures [2] Competitive Positioning - VIAVI aims to cater to a diverse customer base, from smaller budget-conscious operations to those with critical infrastructure needs, thereby reinforcing its competitive edge in the radio testing industry [4] - The CX200 is positioned as a solution that addresses various use cases, enhancing VIAVI's leadership in the market [4] Additional Features - The CX200 includes a built-in Cable and Antenna Analyzer, a full-featured Spectrum Analyzer, and cloud-based integration for asset and data management [7] - VIAVI Smart Access Anywhere allows remote control of the test set via Windows, Android, and iOS applications [7]