/

Company exports

Pro company pages include CSV downloads for statements, ratios, chart data, and transcript indexes.

CSV downloads

Optics·VIAV

Viavi Solutions Inc.

NASDAQ · US

Network test, monitoring, and assurance supplier for communications and optical network equipment markets.

AI relevance

Testing and assurance exposure for optical networks that support AI data center bandwidth growth.

Optics Networking Other Other

Price

$38.90

Change

+0.34 (+0.88%)

Market cap

$9.6B

52w range

$11–$60

Exchange

NASDAQ

Country

Jason's Chips

Subscribe or sign in with your Substack email for charts, exports, estimates, transcripts, filings, earnings, and news.

Subscribe to Jason's Chips Sign in

Price chart

VIAV market performance

Daily close for Viavi Solutions Inc.

Latest close: $38.90
Range move: +$28.11 (+260.5%)
Range high: $55.33
Range low: $10.79
Latest volume: 4.6M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

Download

Transcript list

76 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$58.67

+50.8%

Target range

$50.00 - $66.00

Rating mix

Buy

19 ratings

Next FY revenue

$1.89B

2027-06-27

Next FY EPS

$1.64

$1.35 - $1.82

Rating consensus19 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-06-27	$1.89B	$1.85B - $1.91B	$1.64	$1.35 - $1.82	$201.4M	$111.7M	$363.6M	$573.5M	6 rev / 5 EPS
2028-06-27	$2.14B	$2.05B - $2.19B	$1.95	$1.82 - $2.08	$228.5M	$126.7M	$447.7M	$650.6M	5 rev / 4 EPS
2029-06-27	$2.50B	$2.42B - $2.60B	$2.51	$2.40 - $2.64	$266.8M	$148.0M	$578.4M	$759.7M	1 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-09-27	$455.1M	$454.3M - $456.2M	$0.41	$0.28 - $0.45	$48.6M	$26.9M	$93.4M	$138.3M	5 rev / 5 EPS
2026-12-27	$467.6M	$465.3M - $472.4M	$0.40	$0.33 - $0.45	$49.9M	$27.7M	$92.7M	$142.1M	5 rev / 5 EPS
2027-03-27	$473.1M	$470.2M - $476.8M	$0.40	$0.40 - $0.41	$50.5M	$28.0M	$92.1M	$143.8M	2 rev / 1 EPS
2027-06-27	$490.9M	$487.8M - $494.7M	$0.43	$0.43 - $0.44	$52.4M	$29.1M	$99.2M	$149.2M	2 rev / 1 EPS
2027-09-27	$500.3M	$497.2M - $504.1M	$0.43	$0.43 - $0.44	$53.4M	$29.6M	$99.1M	$152.1M	2 rev / 1 EPS
2027-12-27	$527.0M	$523.7M - $531.0M	$0.48	$0.47 - $0.48	$56.2M	$31.2M	$109.7M	$160.2M	2 rev / 1 EPS
2028-03-27	$539.6M	$536.2M - $543.7M	$0.49	$0.49 - $0.50	$57.6M	$31.9M	$112.7M	$164.0M	1 rev / 2 EPS
2028-06-27	$573.6M	$570.0M - $578.0M	$0.55	$0.55 - $0.56	$61.2M	$34.0M	$127.4M	$174.3M	1 rev / 2 EPS

Price target history

Window	Targets	Average target
Last month	1	$60.00
Last quarter	2	$63.00
Last year	10	$33.15
All time	21	$22.59

Sources: StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-08-19	Rosenblatt	Maintain	Buy	Buy
2026-08-06	UBS	Maintain	Neutral	Neutral
2026-08-06	Needham	Maintain	Buy	Buy
2026-08-06	Stifel	Maintain	Buy	Buy
2026-08-06	B. Riley Securities	Maintain	Buy	Buy
2026-08-06	Rosenblatt	Maintain	Buy	Buy
2026-07-01	Susquehanna	Maintain	Positive	Positive
2026-06-10	Rosenblatt	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-08-01	1	6	1
2026-07-01	1	6	1
2026-06-01	1	6	1
2026-05-01	1	6	1
2026-04-01	1	6	1
2026-03-01	1	6	1
2026-02-01	1	6	1
2026-01-01	1	6	1

FinancialsFY 2026

Financials

Revenue

$1.52B

Gross margin

57.7%

Operating income

$105.1M

Free cash flow

$82.8M

Cash + ST investments

$649.8M

Net debt

$51.0M

ROE

-2.1%

ROIC

-8.2%

EV / sales

7.2x

EV / EBITDA

172.4x

R&D / revenue

17.3%

Current ratio

1.8x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$1.52B	$875.4M	57.7%	$262.7M	$105.1M	$63.7M	-$30.4M	$-0.13
FY 2025	$1.08B	$616.3M	56.8%	$208.7M	$70.9M	$131.9M	$34.8M	$0.16
FY 2024	$1.00B	$569.6M	56.9%	$201.9M	$43.0M	$101.2M	-$25.8M	$-0.12
FY 2023	$1.11B	$630.1M	57.0%	$206.9M	$99.1M	$157.3M	$25.5M	$0.11
FY 2022	$1.29B	$763.8M	59.1%	$213.2M	$185.2M	$163.8M	$15.5M	$0.07
FY 2021	$1.20B	$681.1M	56.8%	$203.0M	$135.9M	$247.8M	$67.5M	$0.30
FY 2020	$1.14B	$630.2M	55.5%	$193.6M	$90.1M	$235.5M	$28.7M	$0.13
FY 2019	$1.13B	$613.3M	54.3%	$187.0M	$76.9M	$185.8M	$5.4M	$0.03
FY 2018	$875.7M	$467.4M	53.4%	$133.3M	$10.2M	$95.0M	-$48.6M	$-0.20
FY 2017	$811.4M	$472.0M	58.2%	$136.3M	$35.2M	$287.5M	$166.9M	$0.73
FY 2016	$906.3M	$535.1M	59.0%	$166.4M	$17.6M	$59.8M	-$99.2M	$-0.43
FY 2015	$873.9M	$500.6M	57.3%	$173.3M	-$49.0M	$60.2M	-$88.1M	$-0.37

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$113.9M	$31.1M	$82.8M
FY 2025	$89.8M	$27.8M	$62.0M
FY 2024	$116.4M	$19.5M	$96.9M
FY 2023	$114.1M	$51.1M	$63.0M
FY 2022	$178.1M	$72.5M	$105.6M
FY 2021	$243.3M	$52.1M	$191.2M
FY 2020	$135.6M	$31.9M	$103.7M
FY 2019	$138.8M	$45.0M	$93.8M
FY 2018	$66.0M	$42.5M	$23.5M
FY 2017	$80.0M	$38.6M	$41.4M
FY 2016	$52.9M	$35.5M	$17.4M
FY 2015	$82.3M	$101.5M	-$19.2M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$649.8M	$351.3M	$155.3M	$224.5M	$2.71B	$698.8M	$51.0M	$1.26B	$1.45B
FY 2025	$425.3M	$293.2M	$117.9M	$266.0M	$1.99B	$692.3M	$268.7M	$1.21B	$780.2M
FY 2024	$491.2M	$244.9M	$96.5M	$264.0M	$1.74B	$687.2M	$215.9M	$1.05B	$681.6M
FY 2023	$521.1M	$263.9M	$116.1M	$243.0M	$1.85B	$781.0M	$274.5M	$1.16B	$690.8M
FY 2022	$561.3M	$285.8M	$110.1M	$228.9M	$1.83B	$744.5M	$184.6M	$1.16B	$671.7M
FY 2021	$699.4M	$275.6M	$94.9M	$241.1M	$1.96B	$739.2M	$41.4M	$1.20B	$763.9M
FY 2020	$544.0M	$260.7M	$83.3M	$172.5M	$1.78B	$659.8M	$117.3M	$1.06B	$711.4M
FY 2019	$523.0M	$237.7M	$102.7M	$179.9M	$1.82B	$578.8M	$57.3M	$1.09B	$725.8M
FY 2018	$780.7M	$218.6M	$92.3M	$170.5M	$2.02B	$833.2M	$221.8M	$1.30B	$720.7M
FY 2017	$1.44B	$120.4M	$48.0M	$136.9M	$2.11B	$931.4M	-$73.0M	$1.32B	$786.4M
FY 2016	$967.6M	$148.4M	$51.4M	$133.0M	$1.68B	$588.3M	$105.4M	$993.8M	$689.3M
FY 2015	$813.2M	$152.3M	$152.5M	$294.6M	$2.22B	$561.6M	$213.7M	$1.11B	$1.10B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	57.7%	6.9%	-2.0%	1.8x	1.6x	-2.1%	-8.2%	7.2x	172.4x	0.8%	17.3%	120d
FY 2025	56.8%	6.5%	3.2%	1.5x	1.3x	4.5%	3.8%	2.3x	18.9x	2.8%	19.2%	137d
FY 2024	56.9%	4.3%	-2.6%	3.5x	3.2x	-3.8%	-6.4%	1.7x	17.2x	6.3%	20.2%	128d
FY 2023	57.0%	9.0%	2.3%	2.8x	2.4x	3.7%	2.6%	2.5x	17.9x	2.5%	18.7%	140d
FY 2022	59.1%	14.3%	1.2%	2.7x	2.4x	2.3%	2.9%	2.5x	19.6x	3.5%	16.5%	116d
FY 2021	56.8%	11.3%	5.6%	1.5x	1.4x	8.8%	4.2%	3.4x	16.3x	4.8%	16.9%	106d
FY 2020	55.5%	7.9%	2.5%	3.9x	3.6x	4.0%	1.8%	2.6x	12.7x	3.6%	17.0%	106d
FY 2019	54.3%	6.8%	0.5%	3.2x	2.9x	0.7%	1.0%	2.9x	17.5x	2.9%	16.5%	105d
FY 2018	53.4%	1.2%	-5.5%	2.1x	1.9x	-6.7%	0.6%	2.9x	26.8x	1.0%	15.2%	124d
FY 2017	58.2%	4.3%	20.6%	7.3x	7.1x	21.2%	1.7%	2.9x	8.2x	1.7%	16.8%	71d
FY 2016	59.0%	1.9%	-10.9%	5.4x	5.1x	-14.4%	1.2%	1.8x	27.2x	1.1%	18.4%	64d
FY 2015	57.3%	-5.6%	-10.1%	3.7x	3.3x	-8.0%	-2.7%	2.0x	28.8x	-1.3%	19.8%	172d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+40.0%	+42.0%	+25.9%	+48.2%	-187.4%	-181.3%	+33.5%	-11.9%	+52.8%	+31.7%	+35.7%	+0.9%
FY 2025	+8.4%	+8.2%	+3.4%	+64.9%	+234.9%	+233.3%	-36.0%	-42.6%	-13.4%	+22.2%	+14.8%	+0.7%
FY 2024	-9.6%	-9.6%	-2.4%	-56.6%	-201.2%	-209.1%	+53.8%	+61.8%	-5.7%	-16.9%	-6.2%	-12.0%
FY 2023	-14.4%	-17.5%	-3.0%	-46.5%	+64.5%	+63.9%	-40.3%	+29.5%	-7.2%	+5.4%	+1.2%	+4.9%
FY 2022	+7.8%	+12.1%	+5.0%	+36.3%	-77.0%	-77.6%	-44.8%	-39.2%	-19.7%	+16.0%	-6.8%	+0.7%
FY 2021	+5.5%	+8.1%	+4.9%	+50.8%	+135.2%	+130.8%	+84.4%	-63.3%	+28.6%	+13.9%	+10.4%	+12.0%
FY 2020	+0.5%	+2.8%	+3.5%	+17.2%	+431.5%	+280.1%	+10.6%	+29.1%	+4.0%	-18.9%	-2.1%	+14.0%
FY 2019	+29.1%	+31.2%	+40.3%	+653.9%	+111.1%	+117.1%	+299.1%	-5.9%	-33.0%	+11.3%	-10.3%	-30.5%
FY 2018	+7.9%	-1.0%	-2.2%	-71.0%	-129.1%	-127.4%	-43.2%	-10.1%	-45.7%	+92.3%	-4.2%	-10.5%
FY 2017	-10.5%	-11.8%	-18.1%	+100.0%	+268.2%	+269.8%	+137.9%	-8.7%	+48.5%	-6.6%	+25.4%	+58.3%
FY 2016	+3.7%	+6.9%	-4.0%	+135.9%	-12.6%	-16.2%	+190.6%	+65.0%	+19.0%	-66.3%	-24.1%	+4.8%
FY 2015	-49.9%	-34.9%	-41.0%	-302.5%	-394.9%	-384.3%	-125.0%	-1.7%	-4.3%	-0.5%	-6.0%	+4.7%

SegmentsFY 2026

Revenue Mix

Period	Total	Product	Service	Network and Service Enablement	Network Enablement	Communications And Commercial Optical Products Business Segment	Service Enablement	Optical Security And Performance Products Business Segment
FY 2026	$1.52B	$1.32B	$193.7M	--	--	--	--	--
FY 2025	$1.08B	$912.0M	$172.3M	--	--	--	--	--
FY 2024	$1.00B	$834.8M	$165.6M	--	--	--	--	--
FY 2023	$1.11B	$936.1M	$170.0M	--	--	--	--	--
FY 2022	$1.29B	$1.14B	$156.9M	--	--	--	--	--
FY 2021	$1.20B	$1.05B	$147.5M	--	--	--	--	--
FY 2020	$1.14B	$1.01B	$131.1M	--	--	--	--	--
FY 2019	$1.13B	$1.00B	$126.1M	--	--	--	--	--
FY 2018	$880.4M	$783.1M	$97.3M	--	--	--	--	--
FY 2017	$579.2M	--	--	$579.2M	--	--	--	--
FY 2016	$1.32B	--	--	$658.2M	$504.6M	--	$153.6M	--
FY 2015	$1.71B	--	--	--	$532.2M	$815.1M	$169.0M	$192.8M

Period	Total	Americas	Asia Pacific	EMEA	E M E A
FY 2026	$1.52B	$683.0M	$469.9M	$365.4M	--
FY 2025	$1.08B	$425.2M	$379.6M	$279.5M	--
FY 2024	$1.00B	$390.7M	$346.5M	$263.2M	--
FY 2023	$1.11B	$438.1M	$377.5M	$290.5M	--
FY 2022	$1.29B	$485.7M	$461.7M	$345.0M	--
FY 2021	$1.20B	$415.6M	$410.5M	$372.8M	--
FY 2020	$1.14B	$414.8M	$368.2M	$353.3M	--
FY 2019	$1.13B	$426.3M	$372.2M	$331.8M	--
FY 2018	$880.4M	$420.1M	$213.0M	$247.3M	--
FY 2017	$811.4M	$378.6M	$173.2M	$259.6M	--
FY 2016	$906.3M	$462.6M	$166.3M	$277.4M	--
FY 2015	$1.71B	$791.7M	$543.8M	--	$373.6M

Transcripts

Events

Next earnings

2026-10-28EPS est $0.37

Recent filings

42026-08-18
42026-08-14
10-K2026-08-13

Latest news

BlackRock Inc. Buys Shares of 25,728,357 Viavi Solutions Inc. $VIAV
Defense World · 2026-08-21
Viavi Sees AI Optics, CPO Testing Driving Path Toward $500M Quarterly Revenue
MarketBeat · 2026-08-20

Analyst expectations

Consensus target

$58.67

+50.8%

Target range

$50.00 - $66.00

Rating mix

Buy

19 ratings

Next FY revenue

$1.89B

2027-06-27

Next FY EPS

$1.64

$1.35 - $1.82

Rating consensus19 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-06-27	$1.89B	$1.85B - $1.91B	$1.64	$1.35 - $1.82	$201.4M	$111.7M	$363.6M	$573.5M	6 rev / 5 EPS
2028-06-27	$2.14B	$2.05B - $2.19B	$1.95	$1.82 - $2.08	$228.5M	$126.7M	$447.7M	$650.6M	5 rev / 4 EPS
2029-06-27	$2.50B	$2.42B - $2.60B	$2.51	$2.40 - $2.64	$266.8M	$148.0M	$578.4M	$759.7M	1 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-09-27	$455.1M	$454.3M - $456.2M	$0.41	$0.28 - $0.45	$48.6M	$26.9M	$93.4M	$138.3M	5 rev / 5 EPS
2026-12-27	$467.6M	$465.3M - $472.4M	$0.40	$0.33 - $0.45	$49.9M	$27.7M	$92.7M	$142.1M	5 rev / 5 EPS
2027-03-27	$473.1M	$470.2M - $476.8M	$0.40	$0.40 - $0.41	$50.5M	$28.0M	$92.1M	$143.8M	2 rev / 1 EPS
2027-06-27	$490.9M	$487.8M - $494.7M	$0.43	$0.43 - $0.44	$52.4M	$29.1M	$99.2M	$149.2M	2 rev / 1 EPS
2027-09-27	$500.3M	$497.2M - $504.1M	$0.43	$0.43 - $0.44	$53.4M	$29.6M	$99.1M	$152.1M	2 rev / 1 EPS
2027-12-27	$527.0M	$523.7M - $531.0M	$0.48	$0.47 - $0.48	$56.2M	$31.2M	$109.7M	$160.2M	2 rev / 1 EPS
2028-03-27	$539.6M	$536.2M - $543.7M	$0.49	$0.49 - $0.50	$57.6M	$31.9M	$112.7M	$164.0M	1 rev / 2 EPS
2028-06-27	$573.6M	$570.0M - $578.0M	$0.55	$0.55 - $0.56	$61.2M	$34.0M	$127.4M	$174.3M	1 rev / 2 EPS

Price target history

Window	Targets	Average target
Last month	1	$60.00
Last quarter	2	$63.00
Last year	10	$33.15
All time	21	$22.59

Sources: StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-08-19	Rosenblatt	Maintain	Buy	Buy
2026-08-06	UBS	Maintain	Neutral	Neutral
2026-08-06	Needham	Maintain	Buy	Buy
2026-08-06	Stifel	Maintain	Buy	Buy
2026-08-06	B. Riley Securities	Maintain	Buy	Buy
2026-08-06	Rosenblatt	Maintain	Buy	Buy
2026-07-01	Susquehanna	Maintain	Positive	Positive
2026-06-10	Rosenblatt	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-08-01	1	6	1
2026-07-01	1	6	1
2026-06-01	1	6	1
2026-05-01	1	6	1
2026-04-01	1	6	1
2026-03-01	1	6	1
2026-02-01	1	6	1
2026-01-01	1	6	1

Financials

Revenue

$1.52B

Gross margin

57.7%

Operating income

$105.1M

Free cash flow

$82.8M

Cash + ST investments

$649.8M

Net debt

$51.0M

ROE

-2.1%

ROIC

-8.2%

EV / sales

7.2x

EV / EBITDA

172.4x

R&D / revenue

17.3%

Current ratio

1.8x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$1.52B	$875.4M	57.7%	$262.7M	$105.1M	$63.7M	-$30.4M	$-0.13
FY 2025	$1.08B	$616.3M	56.8%	$208.7M	$70.9M	$131.9M	$34.8M	$0.16
FY 2024	$1.00B	$569.6M	56.9%	$201.9M	$43.0M	$101.2M	-$25.8M	$-0.12
FY 2023	$1.11B	$630.1M	57.0%	$206.9M	$99.1M	$157.3M	$25.5M	$0.11
FY 2022	$1.29B	$763.8M	59.1%	$213.2M	$185.2M	$163.8M	$15.5M	$0.07
FY 2021	$1.20B	$681.1M	56.8%	$203.0M	$135.9M	$247.8M	$67.5M	$0.30
FY 2020	$1.14B	$630.2M	55.5%	$193.6M	$90.1M	$235.5M	$28.7M	$0.13
FY 2019	$1.13B	$613.3M	54.3%	$187.0M	$76.9M	$185.8M	$5.4M	$0.03
FY 2018	$875.7M	$467.4M	53.4%	$133.3M	$10.2M	$95.0M	-$48.6M	$-0.20
FY 2017	$811.4M	$472.0M	58.2%	$136.3M	$35.2M	$287.5M	$166.9M	$0.73
FY 2016	$906.3M	$535.1M	59.0%	$166.4M	$17.6M	$59.8M	-$99.2M	$-0.43
FY 2015	$873.9M	$500.6M	57.3%	$173.3M	-$49.0M	$60.2M	-$88.1M	$-0.37

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$113.9M	$31.1M	$82.8M
FY 2025	$89.8M	$27.8M	$62.0M
FY 2024	$116.4M	$19.5M	$96.9M
FY 2023	$114.1M	$51.1M	$63.0M
FY 2022	$178.1M	$72.5M	$105.6M
FY 2021	$243.3M	$52.1M	$191.2M
FY 2020	$135.6M	$31.9M	$103.7M
FY 2019	$138.8M	$45.0M	$93.8M
FY 2018	$66.0M	$42.5M	$23.5M
FY 2017	$80.0M	$38.6M	$41.4M
FY 2016	$52.9M	$35.5M	$17.4M
FY 2015	$82.3M	$101.5M	-$19.2M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$649.8M	$351.3M	$155.3M	$224.5M	$2.71B	$698.8M	$51.0M	$1.26B	$1.45B
FY 2025	$425.3M	$293.2M	$117.9M	$266.0M	$1.99B	$692.3M	$268.7M	$1.21B	$780.2M
FY 2024	$491.2M	$244.9M	$96.5M	$264.0M	$1.74B	$687.2M	$215.9M	$1.05B	$681.6M
FY 2023	$521.1M	$263.9M	$116.1M	$243.0M	$1.85B	$781.0M	$274.5M	$1.16B	$690.8M
FY 2022	$561.3M	$285.8M	$110.1M	$228.9M	$1.83B	$744.5M	$184.6M	$1.16B	$671.7M
FY 2021	$699.4M	$275.6M	$94.9M	$241.1M	$1.96B	$739.2M	$41.4M	$1.20B	$763.9M
FY 2020	$544.0M	$260.7M	$83.3M	$172.5M	$1.78B	$659.8M	$117.3M	$1.06B	$711.4M
FY 2019	$523.0M	$237.7M	$102.7M	$179.9M	$1.82B	$578.8M	$57.3M	$1.09B	$725.8M
FY 2018	$780.7M	$218.6M	$92.3M	$170.5M	$2.02B	$833.2M	$221.8M	$1.30B	$720.7M
FY 2017	$1.44B	$120.4M	$48.0M	$136.9M	$2.11B	$931.4M	-$73.0M	$1.32B	$786.4M
FY 2016	$967.6M	$148.4M	$51.4M	$133.0M	$1.68B	$588.3M	$105.4M	$993.8M	$689.3M
FY 2015	$813.2M	$152.3M	$152.5M	$294.6M	$2.22B	$561.6M	$213.7M	$1.11B	$1.10B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	57.7%	6.9%	-2.0%	1.8x	1.6x	-2.1%	-8.2%	7.2x	172.4x	0.8%	17.3%	120d
FY 2025	56.8%	6.5%	3.2%	1.5x	1.3x	4.5%	3.8%	2.3x	18.9x	2.8%	19.2%	137d
FY 2024	56.9%	4.3%	-2.6%	3.5x	3.2x	-3.8%	-6.4%	1.7x	17.2x	6.3%	20.2%	128d
FY 2023	57.0%	9.0%	2.3%	2.8x	2.4x	3.7%	2.6%	2.5x	17.9x	2.5%	18.7%	140d
FY 2022	59.1%	14.3%	1.2%	2.7x	2.4x	2.3%	2.9%	2.5x	19.6x	3.5%	16.5%	116d
FY 2021	56.8%	11.3%	5.6%	1.5x	1.4x	8.8%	4.2%	3.4x	16.3x	4.8%	16.9%	106d
FY 2020	55.5%	7.9%	2.5%	3.9x	3.6x	4.0%	1.8%	2.6x	12.7x	3.6%	17.0%	106d
FY 2019	54.3%	6.8%	0.5%	3.2x	2.9x	0.7%	1.0%	2.9x	17.5x	2.9%	16.5%	105d
FY 2018	53.4%	1.2%	-5.5%	2.1x	1.9x	-6.7%	0.6%	2.9x	26.8x	1.0%	15.2%	124d
FY 2017	58.2%	4.3%	20.6%	7.3x	7.1x	21.2%	1.7%	2.9x	8.2x	1.7%	16.8%	71d
FY 2016	59.0%	1.9%	-10.9%	5.4x	5.1x	-14.4%	1.2%	1.8x	27.2x	1.1%	18.4%	64d
FY 2015	57.3%	-5.6%	-10.1%	3.7x	3.3x	-8.0%	-2.7%	2.0x	28.8x	-1.3%	19.8%	172d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+40.0%	+42.0%	+25.9%	+48.2%	-187.4%	-181.3%	+33.5%	-11.9%	+52.8%	+31.7%	+35.7%	+0.9%
FY 2025	+8.4%	+8.2%	+3.4%	+64.9%	+234.9%	+233.3%	-36.0%	-42.6%	-13.4%	+22.2%	+14.8%	+0.7%
FY 2024	-9.6%	-9.6%	-2.4%	-56.6%	-201.2%	-209.1%	+53.8%	+61.8%	-5.7%	-16.9%	-6.2%	-12.0%
FY 2023	-14.4%	-17.5%	-3.0%	-46.5%	+64.5%	+63.9%	-40.3%	+29.5%	-7.2%	+5.4%	+1.2%	+4.9%
FY 2022	+7.8%	+12.1%	+5.0%	+36.3%	-77.0%	-77.6%	-44.8%	-39.2%	-19.7%	+16.0%	-6.8%	+0.7%
FY 2021	+5.5%	+8.1%	+4.9%	+50.8%	+135.2%	+130.8%	+84.4%	-63.3%	+28.6%	+13.9%	+10.4%	+12.0%
FY 2020	+0.5%	+2.8%	+3.5%	+17.2%	+431.5%	+280.1%	+10.6%	+29.1%	+4.0%	-18.9%	-2.1%	+14.0%
FY 2019	+29.1%	+31.2%	+40.3%	+653.9%	+111.1%	+117.1%	+299.1%	-5.9%	-33.0%	+11.3%	-10.3%	-30.5%
FY 2018	+7.9%	-1.0%	-2.2%	-71.0%	-129.1%	-127.4%	-43.2%	-10.1%	-45.7%	+92.3%	-4.2%	-10.5%
FY 2017	-10.5%	-11.8%	-18.1%	+100.0%	+268.2%	+269.8%	+137.9%	-8.7%	+48.5%	-6.6%	+25.4%	+58.3%
FY 2016	+3.7%	+6.9%	-4.0%	+135.9%	-12.6%	-16.2%	+190.6%	+65.0%	+19.0%	-66.3%	-24.1%	+4.8%
FY 2015	-49.9%	-34.9%	-41.0%	-302.5%	-394.9%	-384.3%	-125.0%	-1.7%	-4.3%	-0.5%	-6.0%	+4.7%

Revenue Mix