Forensic Analysis · Fabless · as of Nov 8, 2026

Viavi Solutions Inc. (VIAV)

A forensic read on Viavi Solutions Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Distress

Financial health

-81.1

Distress distance

Clean

Earnings quality

Forensic signals

-2.7%

ROE

40.0%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Viavi Solutions Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -81.1, placing it in the Distress zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

4.8%

FY2026

Return on invested capital. Return on invested capital is 4.8% in the latest fiscal year and rising across FY2024–FY2026 from 1.3%. After-tax operating profit was $14M in FY2024 and $68M in FY2026, with operating income at 2.1% of revenue in FY2024, 5.3% in FY2025 and 6.9% in FY2026. The capital base behind it grew +40% across FY2024–FY2026, from $1.0B to $1.4B, and the return did not fall doing it, so the dollars added over that window earned at least the 1.3% the older base was already earning. FY2024's operating profit carried a $14M restructuring charge that took about 0.9 points off that year's return, and FY2026's carried a $16M restructuring charge that took about 0.7 points off the latest; so, net of each other, the two charges add about 0.2 points to the +3.5-point change across FY2024–FY2026.

Key fundamentals

Latest Revenue$1.52B

Revenue Growth YoY+40.0%

Revenue CAGR (2yr)+23.2%

Net Margin-2.0%

Free Cash Flow$82.8M

Return on Equity-2.7%

Debt / Equity0.17x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

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