Viavi Solutions Inc. (VIAVI) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and critical infrastructure.
VIAVI is also a leader in optical processing technologies for anti-counterfeiting, 3D sensing, aerospace, automotive and industrial applications. In January 2025, VIAVI completed the acquisition of Inertial Labs, Inc. (the Inertial Labs Acquisition). VIAVI also previously announced its...
Viavi Solutions Inc. (VIAVI) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and critical infrastructure.
VIAVI is also a leader in optical processing technologies for anti-counterfeiting, 3D sensing, aerospace, automotive and industrial applications. In January 2025, VIAVI completed the acquisition of Inertial Labs, Inc. (the Inertial Labs Acquisition). VIAVI also previously announced its proposed acquisition of Spirent Communications plc’s (Spirent) high-speed ethernet and network security business lines from Keysight Technologies, Inc., (the Proposed Acquisition), which is estimated to close by the end of September 2025, subject to customary closing conditions.
To serve the company’s markets, the company operates the following business segments: Network and Service Enablement (NSE); and Optical Security and Performance Products (OSP).
Effective March 30, 2025, the company realigned its segment reporting structure. As a result, the company’s Network Enablement (NE) and Service Enablement (SE) business activities are now reported as a single operating and reportable segment, NSE.
Strategy
In the support of the company’s business segments, the company is pursuing a corporate strategy that will best position the company for future opportunities as follows:
Defend and consolidate leadership in core business segments:
NSE: Lab-to-Field integration across NE Platforms; integration between NE and SE platforms; and
OSP: continued innovation in anti-counterfeiting pigments and 3D sensing.
Invest in secular trends to drive growth and expand total addressable market (TAM):
Fiber densification: Fiber-to-the-everywhere (FTTx), cable, wireless backhaul and data centers;
Wireless: 5G-to-6G evolution, Open Radio Access Network (ORAN), AI-RAN, RAN optimization, private 5G networks and intelligent edge; and
High-performance optical applications: free-space optical communications, quantum key distribution and quantum computing and automotive LiDAR.
Extend VIAVI technologies and platforms into lucrative adjacent markets and applications:
Expand and grow mission-critical applications, such as aerospace and defense, resilient positioning, navigation and timing (PNT) and network security; and
Transform and extend SE business unit through cloud-centric architecture, artificial intelligence (AI) and machine learning (ML), analytics, automation and security.
Business Segments
The company operates in two broad business categories: NSE and OSP. The company’s NSE and OSP businesses are each organized with their own engineering, manufacturing and dedicated sales and marketing groups focused on each of the markets the company serves to better support its customers and respond quickly to market needs. In addition, the company’s segments share common corporate services that provide capital, legal, infrastructure, resources and functional support, allowing them to focus on core technological strengths to compete and innovate in their markets.
Network and Service Enablement
The company’s NSE segment provides an integrated portfolio of testing, monitoring, assurance and security solutions to help build, maintain and optimize telecom and datacom networks.
The company’s solutions address lab and production environments, network management, service assurance and artificial intelligence for IT operations (AIOps) for any kind of network, including wireless, wireline, cloud, satellite, public safety, military and critical infrastructure. The company’s test instrument portfolio is one of the largest in the industry, with millions of units in active use by service providers and network equipment manufacturers (NEMs) worldwide.
The company’s Fiber products include an extensive range of instruments and systems enabling the development and testing of high-performance integrated circuits, telecom and datacom equipment, modules and networks.
The company’s Wireless products consist of flexible application software and multi-functional hardware to enable the development of wireless infrastructure products and the buildout and management of wireless networks.
The company’s AIOps solutions portfolio leverages AI, ML and big data analytics to automate and enhance end-to-end, multi-domain network operations and automation. The company’s Network Performance and Threat Solutions (NPTS) portfolio helps enterprise IT and security teams monitor and optimize connectivity for their employees and conducts preventative and forensic analysis to address rising network and security challenges from remote work.
The company’s Aerospace and Defense business is a leading provider of test equipment for mission critical communication and avionics applications. In addition, the company is also a leading provider of products and modules to ensure resilient PNT for civilian and aerospace and defense customers.
Markets
The company’s NSE segment provides solutions and services for telecommunications service providers, NEMs, communication integrated circuit developers, cloud operators, enterprises, first responders, military, aerospace and critical infrastructure customers.
Customers
NSE customers include telecom and datacom service providers, critical infrastructure operators, semiconductor and network equipment vendors, state and federal agencies, utilities and the armed forces. Examples of the company’s customers include America Móvil, AT&T Inc., Lumen Technologies, Inc. (formerly CenturyLink, Inc.), Ciena, Cisco Systems, Inc., Ericsson, Nokia Corporation, British Telecom Openreach, Deutsche Telekom AG, and Verizon Communications Inc.
Competition
NSE competitors include Anritsu Corporation, EXFO Inc., Keysight Technologies Inc., NetScout Systems, Inc., Riverbed Technology, Inc., Rohde & Schwarz, VeEX Inc., and Spirent Communications plc. The company continues to have one of the broadest portfolios of products and monitoring solutions available in the network and service enablement industry.
Optical Security and Performance Products
The company’s OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture and sell technologies for the anti-counterfeiting, 3D sensing, government and aerospace, automotive and industrial markets.
The company’s technologies targeting anti-counterfeiting applications include Optical Variable Pigment (OVP) and Optical Variable Magnetic Pigment (OVMP). OVP enables color-shifting effects, and OVMP enables depth and motion effects in addition to color-shifting effects. Both OVP and OVMP are formulated into inks used by banknote issuers and security printers worldwide for anti-counterfeiting applications on banknotes and other high-value documents. The company’s technologies are deployed on the banknotes of more than 100 countries.
The company’s technologies targeting 3D sensing, consumer electronics, industrial, government and automotive sensing include precise, high-performance, optical thin-film coatings and light shaping optics capabilities. VIAVI offerings for 3D sensing applications include Low Angle Shift (LAS) optical filters that offer the system designer unprecedented control over performance variation and signal-to-noise ratio, especially in 3D depth sensing camera systems. VIAVI also offers Engineered Diffusers, marketed under the trademark ‘Engineered Diffusers’, for 3D sensing applications.
Other OSP product lines include custom color solutions and spectral sensing. Custom color solutions include innovative special effects pigments and spectral sensing solutions include handheld and process near infrared spectrometers.
Markets
The company’s OSP segment delivers overt and covert technologies to protect banknotes and documents of value against counterfeiting, with a primary focus on the currency market. OSP optical thin-film coatings and light shaping optics serve a range of markets including 3D sensing, consumer electronics, industrial, government and automotive sensing. Custom color solutions target a range of decorative applications for the automotive, sports apparel and architecture markets and spectral sensing solutions address requirements in the pharmaceutical, law enforcement, agriculture, food, feed and industrial markets.
Customers
OSP customers include SICPA Holding SA Company (SICPA), Lockheed Martin Corporation and Seiko Epson Corporation.
The company has a strategic alliance with SICPA to market and sell the company’s OVP and OVMP product lines for banknote anti-counterfeiting applications worldwide.
Competition
OSP competitors include providers of anti-counterfeiting technologies such as Giesecke & Devrient and Crane NXT; special-effect pigments such as Merck KGA and FYOTEC; optical coatings companies such as Materion, Zhejiang Crystal-Optech Co Ltd. and Platinum Optics Technology, Inc.; and manufacturers of passive and other optical components such as Coherent and ams OSRAM.
Offerings
The company’s OSP business provides innovative light management technologies for the anti-counterfeiting, consumer electronics, industrial, government and automotive markets.
Anti-Counterfeiting: The company’s OVP and OVMP technologies are incorporated into inks used by many government and state-owned security printers worldwide for banknote protection. These technologies deliver a range of intuitive overt effects that enable the rapid verification of banknotes without requiring a specialized device or reader.
Consumer Electronics and Industrial: The company’s OSP business manufactures and sells optical filters for 3D sensing products that separate ambient light from incoming data to allow devices to be controlled by a person’s movements or gestures. The company’s Engineered Diffusers shape light emitted for industrial, consumer electronics and biomedical applications and also enhance eye safety. The company provides multicavity and linear variable optical filters on a variety of substrates for applications, including thermal imaging, spectroscopy and pollution monitoring. The company also develops and manufactures handheld and process near infrared spectrometers that leverage the company’s linear variable optical filters for use in applications for agriculture, law enforcement, pharmaceutical and other markets.
Government: The company’s products are used in a variety of government and aerospace applications, including optics for inter-satellite laser communications, guidance systems, laser eye protection and night vision systems. These products, including coatings and optical filters, are optimized for each specific application.
Automotive: For product differentiation and brand enhancement, the company provides custom color solutions for a variety of applications using the company’s ChromaFlair and SpectraFlair pigments to create color effects that emphasize body contours, create dynamic environments, or enhance products in motion. These pigments are added to paints, plastics or textiles for automotive, sports apparel and other applications. Additionally, the company’s optical filters and Engineered Diffusers enable automotive sensing applications including LiDAR and in-cabin monitoring.
Industry Trends
OSP has developed and deployed capabilities that alter how the light is transmitted, reflected and absorbed, enabling a range of mission critical and high-volume optical solutions.
The company leverages its capabilities to deliver technologies that enable anti-counterfeiting solutions designed to protect the integrity of banknotes and other documents of value. The wide availability of advanced and relatively low-cost imaging technologies and printing tools presents a consistent threat to the integrity of secure documents, necessitating robust, technically sophisticated and easy to validate anti-counterfeiting features. The company’s security pigment technologies enable intuitive overt optical effects that consumers can easily and quickly recognize, and that counterfeiters find very difficult to reproduce.
Major trends in banknote design include an interest in incorporating more security features even on lower value denominations, a greater variety of colors, development of eye-catching abstract images, and implementing vertical orientation more frequently. The company’s technologies enable solutions for designers to address these trends.
The company also designs, manufactures and sells optical filters to improve the performance of optical sensors for a range of applications, including 3D sensing. 3D sensing applications allow consumers to interact with their devices more naturally by enabling electronic devices to accurately measure depth and motion. The company’s filters play an important role in those applications, separating out ambient light from the incoming data used by sensors to make precise measurements. Notably, the company’s patented LAS technology enables the company’s customers to significantly improve the signal-to-noise ratio of their systems and deliver reliable system performance. Through the development of multiple generations of products for 3D sensing and by delivering improved performance and competitive value with each iteration, the company has established itself as one of the industry’s leading suppliers of high-performance filters enabling depth-sensing systems in consumer electronics.
Major trends in 3D sensing and other applications the company targets include an ongoing drive toward enabling increased efficiency in size, weight and power (SWaP). As an example, customers in the mobile handset market are increasingly interested in delivering products that have increasingly thin physical profiles, necessitating innovation in the design and manufacturing of optical filters to meet those expectations.
In addition to anti-counterfeiting and 3D sensing applications, OSP technologies enable optical solutions for a range of other applications for customers in the aerospace, defense, biomedical and industrial markets.
Sales and Marketing
The company markets and sells products to communications service providers (CSPs), NEMs, original equipment manufacturers (OEMs), enterprises, governmental organizations, distributors and strategic partners worldwide. The company has a dedicated sales force organized around each of the markets that the company serves that works directly with customers’ executive, technical, manufacturing and purchasing personnel to determine design, performance and cost requirements. The company is also supported by a worldwide channel community who support the company’s NSE segment.
OSP sales and marketing efforts are targeted primarily toward customers in the consumer electronics, government, commercial aerospace, automotive, biomedical and industrial markets. The company has a dedicated direct global sales force focused on understanding customers’ requirements and building market awareness and acceptance of the company’s products. The company’s direct sales force is complemented by a highly trained team of field applications engineers who assist customers in designing, testing and qualifying the company’s products. The company markets its products and capabilities through attendance at trade shows, the production of promotional webinars, the development of samples and product demonstrations, participation in technical forums, select advertising and by developing customer partnerships.
A high level of support is a critical part of the company’s strategy to develop and maintain long-term collaborative relationships with the company’s customers. The company develops products by engaging its customers at the initial design phase and continue to build that relationship as the company’s customers’ needs change and develop. Service and support are provided through the company’s offices and those of its partners worldwide.
Patents and Proprietary Rights
As of June 28, 2025, the company owned approximately 1,085 U.S. patents and 2,075 foreign patents and had 1,164 patent applications pending throughout the world. The average age of the patents the company holds is 9.0 years, which is younger than the midpoint of the average 20-year life of a patent.
Seasonality
The company’s business is seasonal, as is typical for the company’s competitors and many large companies. For the company’s NSE segment, revenue is typically higher in the second and fourth fiscal quarters (year ended June 2025), all else being equal. There is typically a modest end of calendar year customer spending budget that benefits the company’s second fiscal quarter. Telecom and cable spending budgets are typically set at the start of a new calendar year, thus with all else being equal, the company’s third fiscal quarter is NSE’s weakest revenue quarter with spending release benefiting the company’s fourth fiscal quarter.
History
The company was founded in 1923. It was incorporated in California in 1979 and reincorporated in Delaware in 1993. The company was formerly known as JDS Uniphase Corporation and changed its name to Viavi Solutions Inc. in 2015.
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