Is VIAVI SOLUTIONS INC. financially healthy?

VIAVI SOLUTIONS INC. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of VIAVI SOLUTIONS INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), PRICE T ROWE ASSOCIATES INC /MD/ (adding), Capital World Investors (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

VIAVI SOLUTIONS INC. (VIAV)

Nasdaq · Common Stock · Semiconductors & Related Devices

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

U.S. technology company

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -1.1%
PASSOperating cash flow positiveOCF 114M
FAILReturn on assets improving1.7% → -1.1%
PASSCash flow exceeds earningsOCF 114M vs NI -30M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving1.50 → 1.85
FAILNo share dilution226M → 230M shares
PASSGross margin improving57.3% → 57.7%
PASSAsset turnover improving0.54× → 0.56×

Altman Z-score

-29.78distress

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: -374.7%
Share count change: 1.7%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$1.2B	$46.1M	$191.2M	59.6%	235,900,000
FY2022	$1.3B	$15.5M	$105.6M	59.8%	238,200,000
FY2023	$1.1B	$25.5M	$63.0M	57.8%	226,600,000
FY2024	$1.0B	−$25.8M	$96.9M	57.6%	222,600,000
FY2025	$1.1B	$34.8M	$62.0M	57.3%	225,700,000

Ownership flow

16 institutions tracked — 8 added, 7 reduced, 1 opened a new position.

Institutional holders of VIAVI SOLUTIONS INC. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	25,728,357	−9,509,250	$1.2B
Capital World Investors	Active fund	9,155,607	−2,414,712	$437.2M
FMR LLC	Active fund	1,643,919	−2,237,042	$78.5M
JPMORGAN CHASE & CO	Active fund	3,616,564	+1,932,917	$171.9M

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2025Q3: $30.0M
2024Q3: $16.4M
2023Q3: $10.0M
2022Q3: $18.7M
2021Q3: $8.8M
2020Q3: $6.7M

Identity

CIK: 0000912093
LEI: 5493006K3E3N1QOBF092
FIGI: BBG000BP7JB0
SIC: 3674 · Semiconductors & Related Devices
Incorporated: DE
Headquarters: CHANDLER, AZ
Founded: 2015-00-00

Ownership

Institutional: 100.0%
Institutions: 744
Insiders: 1.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other semiconductors & related devices companies

VIAVI SOLUTIONS INC. files under SIC 3674 — all 36 semiconductors & related devices companies compared on assets and F-score.

INTEL CORPINTC NVIDIA CORPNVDA Broadcom Inc.AVGO MICRON TECHNOLOGY INCMU ADVANCED MICRO DEVICES INCAMD ANALOG DEVICES INCADI

Questions about VIAVI SOLUTIONS INC.

Is VIAVI SOLUTIONS INC. financially healthy?: VIAVI SOLUTIONS INC. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of VIAVI SOLUTIONS INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), PRICE T ROWE ASSOCIATES INC /MD/ (adding), Capital World Investors (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.