VIAVI revenue +40% to $1.52B on Spirent acquisition; net loss of $30.4M on debt charges

Filed August 13, 2026 · Period ending June 27, 2026 · Compared to 10-K Aug 11, 2025 · ~2 min read

Key Changes

• high

  Net income swung to a $30.4M loss (EPS -$0.13) despite operating income rising 83% to $105.1M, driven by a $56.7M loss on debt extinguishment from prepaying the $600M senior secured Term Loan B and retiring the 2026 convertible notes, secured by a first-priority lien on substantially all assets of the borrower and guarantors.

  MD&A: Loss on debt extinguishment verify on EDGAR →
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  Revenue rose 40.0% to $1.52B, driven by the Spirent acquisition ($145M contribution) and a full year of Inertial Labs ($86M vs $25M prior year). The 52-week vs 53-week fiscal calendar contributed to the year-over-year change.

  MD&A: Revenue verify on EDGAR →
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  The company raised $557.7M in a May 2026 public offering (12.8M shares at $45.00) to prepay the Term Loan B, then issued $250M of 0.625% convertible notes due 2031 to refinance the maturing 2026 notes.

  MD&A: Capital structure verify on EDGAR →