VIAVI SOLUTIONS INC.

Viavi Solutions Inc. is a global provider of network test, monitoring, and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace, and critical infrastructure. The company is also a leader in optical processing technologies used in anti-counterfeiting, 3D sensing, aerospace, automotive, and industrial applications. Viavi operates two 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, combining its Network Enablement (NE) and Service Enablement (SE) business activities into the single NSE segment. Recent acquisitions have reduced the SE segment revenue as a percentage of total Viavi revenue. NE and SE are managed under common leadership, share many customers and suppliers, and operating expenses for NSE are not exclusively allocated to either NE or SE. The company's strategy includes defending and consolidating leadership in core business segments, such as Lab-to-Field integration across NE Platforms and integration between NE and SE platforms within NSE, and continued innovation in anti-counterfeiting pigments and 3D sensing within OSP. Viavi also invests in secular trends like fiber densification (Fiber-to-the-everywhere (FTTx), cable, wireless backhaul, data centers), wireless (5G-to-6G evolution, Open Radio Access Network (ORAN), AI-RAN, RAN optimization, private 5G networks, intelligent edge), and high-performance optical applications (free-space optical communications, quantum key distribution, quantum computing, automotive LiDAR).