What changed in this filing

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Item 1. Business

2026-08-13 compared with 2025-08-11 · 94 added, 93 removed, 130 unchanged (59% of the section changed)

Viavi Solutions Inc.

(VIAVI, also referred to as the Company, we, our and us) 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.

(VIAVI, also referred to as the Company, we, our and us) is a global leader in test and measurement and optical technologies.

Our test and measurement, and resilient Position, Navigation and Timing (PNT) solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications.

In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.

To serve our markets, we operate the following business segments:

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• 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.

Recent acquisitions have reduced the SE segment revenue as a percentage of total VIAVI revenue.

In addition, NE and SE are managed under common leadership, share many of the same customers and suppliers and operating expenses associated with the NSE business are not exclusively allocated to either NE or SE.

Corporate Strategy

Our objective is to continue to be a leading provider in the markets and industries we serve.

Our objective is to accelerate profitable growth by leveraging VIAVI technologies and capabilities into attractive high-growth markets and applications.

In support of our business segments, we are pursuing a corporate strategy that we believe will best position us for future opportunities as follows:

• Defend and consolidate leadership in core business segments:

Lab-to-Field integration across NE Platforms;

integration between NE and SE platforms;

Evolution and integration of field test instruments and service assurance solutions;

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;

5G-to-6G evolution, Open Radio Access Network (ORAN), AI-RAN, RAN optimization, private 5G networks and intelligent edge;

– High-performance optical applications:

free-space optical communications, quantum key distribution and quantum computing and automotive LiDAR.

– Data Center Ecosystem:

High performance communication and computing test solutions for advanced semis, optical modules, network equipment manufacturers (NEMs), hyperscalers, and enterprises;

– Next-gen Wireless Networks:

5G+/6G networks, Open Radio Access Network (Open RAN), RAN optimization, private networks, security, and Intelligent Edge;

– Transform and extend Service Enablement:

AIOps, automation, and security.

• 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;

– Transform and extend SE business unit through cloud-centric architecture, artificial intelligence (AI) and machine learning (ML), analytics, automation and security.

– Expand and grow mission-critical applications such as aerospace and defense, resilient PNT and network security;

– Leverage VIAVI innovation in optical coating technologies to address high-performance optical applications for aerospace, defense, industrial, and automotive markets.

Our long-term capital allocation strategy, which supports our corporate strategy, is as follows:

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• Leverage our net operating loss carryforwards (NOLs);

• Mergers and acquisitions that are synergistic to company strategy and business segments.

• Inorganic investments synergistic to business segments.

Although we are working to successfully implement our strategy, internal and/or external factors could impact our ability to meet any, or all, of our objectives.

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Our NSE and OSP businesses are each organized with their own engineering, manufacturing and dedicated sales and marketing groups focused on each of the markets we serve to better support our customers and respond quickly to market needs.

In addition, our 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.

In addition, our segments share common corporate services that provide capital, infrastructure, resources and functional support, allowing them to focus on core technological strengths to compete and innovate in their markets.

Network and Service Enablement

Our NSE segment provides an integrated portfolio of testing, monitoring, assurance and security solutions to help build, maintain and optimize telecom and datacom networks.

Our 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.

Our 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.

Our 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.

Our 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.

Our AIOps solutions portfolio leverages AI, ML and big data analytics to automate and enhance end-to-end, multi-domain network operations and automation.

Our 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.

Our NSE segment provides an integrated portfolio of test, monitoring, assurance, and resilient PNT solutions that enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications.

Our high-speed optical and Ethernet solutions address lab, production and manufacturing environments to ensure that network equipment is designed and built at peak performance to support artificial intelligence (AI) and high-performance computing (HPC) workloads.

Following the acquisition of certain businesses of Spirent Communications plc.

in October 2025, VIAVI’s combined high-speed Ethernet portfolio addresses layers 0-7 of the OSI protocol stack.

Our Lab and Production products also enable testing of high-performance integrated circuits and modules.

Our Fiber products include an extensive range of instruments and systems enabling the construction, inspection, testing, activation, maintenance, troubleshooting, monitoring, sensing and assurance of broadband networks for traditional service providers, hyperscale data centers, pipelines, borders and other critical infrastructure.

Our Wireless products consist of flexible application software, multi-functional hardware, and Lab-as-a-Service (LaaS) / Test-as-a-Service (TaaS) to enable the development of wireless infrastructure products across the entire lifecycle, as well as the buildout and management of next-generation wireless networks, including 5G, 5GA, 6G, and Open RAN networks.

Our Aerospace and Defense business is a leading provider of test equipment for mission critical communication and avionics applications.

In addition, we are also a leading provider of products and modules to ensure resilient PNT for civilian and aerospace and defense customers.

Our 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.

In addition, we are also a leading provider of products and modules to ensure resilient PNT for commercial and aerospace and defense customers.

Our security portfolio delivers threat detection and prevention, as well as intelligence-driven insights to protect critical infrastructure against evolving cyber and physical threats, including those posed by quantum computers.

Our network security testing products emulate security attacks at performance load for testing converged multi-play services, application delivery and network security controls across layers 4-7.

Our AIOps solutions portfolio leverages AI, machine learning and big data analytics and incorporates Agentic AI technology to automate and enhance end-to-end, multi-domain network operations and automation.

Our Mission Critical Communications (MCX) portfolio enables Public Safety Networks globally to maintain very high levels of availability and dynamic capacity enhancement

Our NSE segment provides solutions and services for telecommunications service providers, NEMs, communication integrated circuit developers, cloud operators, semiconductor vendors, transceiver and module developers, data center operators, enterprises, first responders, military, aerospace and critical infrastructure 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 our customers include América 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.

Examples of our customers include Advanced Micro Devices, Inc., América Móvil, AT&T Inc., British Telecom Openreach, Ciena, Cisco Systems, Inc., Deutsche Telekom AG, Ericsson, Lumen Technologies, Inc., Nokia Corporation and Verizon Communications Inc.

For further information related to our customers, refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under Item 7 of this Annual Report on Form 10-K.

NSE competitors include Anritsu Corporation, EXFO Inc., Keysight Technologies Inc., NetScout Systems, Inc., Riverbed Technology, Inc., Rohde & Schwarz, VeEX Inc.

and Spirent Communications plc.

NSE competitors include Anritsu Corporation, EXFO Inc., Keysight Technologies Inc., NetScout Systems, Inc., Riverbed Technology, Inc., Rohde & Schwarz and VeEX Inc.

While we face multiple competitors for each of our product families, we continue to have one of the broadest portfolios of products and monitoring solutions available in the network and service enablement industry.

Industry Trends for NSE

Rapid growth in network bandwidth demand is the primary driver for our products.

Network service providers, data centers operators and their ecosystems are being compelled to upgrade their infrastructure to support the rapid increase in demand for bandwidth and compute power.

Rapid growth in demand for network performance, speed and bandwidth is the primary driver for our products.

Network service providers, data center operators and their ecosystems are being compelled to upgrade their infrastructure to support the rapid increase in demand for bandwidth and computing power.

Service providers and data center operators are investing in new products and technologies that increase the bandwidth and performance of their networks.

For wireline operators this means expanding and increasing the fiber bandwidth and for wireless operators it means migrating their networks to the next generations of wireless technologies.

The data center ecosystem, consisting of semiconductor vendors, transceiver and module developers, NEMs, and end users including hyperscalers and data center operators amongst others, is also driving rapid change and strong demand in the industry.

In the wireless sector, 5G networks are evolving as service providers deploy 5G Standalone (5GSA) with 5G-specific core networks, enabling differentiated services through network slicing and private networks.

The formal inclusion of non-terrestial networks in the 3GPP standards has led to a rise in collaboration between the wireless and satellite sectors and the introduction of satellite-based services including direct-to-cell and satellite broadband.

The data center ecosystem, consisting of semiconductor vendors, transceiver and module developers, NEMs, and end users including hyperscalers and data center operators amongst others, is driving rapid change and strong demand in the industry.

The rapid buildout of AI data centers and HPC is driving higher speed optical transceivers and increasing number of data center interconnects (DCI) and multi-fiber connectivity.

In the wireless sector, networks are evolving as service providers deploy 5G Standalone (5GSA) with 5G-specific core networks.

The industry is conducting research to define the path to 6G along vectors including AI across all network functions, new frequency bands, integrated sensing and communications, multiple access and ray tracing.

In fiber, existing network infrastructure that is not otherwise being upgraded is also expected to be modernized with new cable and access technologies.

Cable operators are investing in Distributed Access Architecture (DAA) and extending frequencies and network capacity.

In aerospace and defense, the increased threat of disruption, jamming and spoofing of GPS and GNSS signal is driving the need for solutions to mitigate this threat.

A range of core technologies have emerged to enable this transformation, including AI-native architectures and open, disaggregated and interoperable networks.

Fiber is increasingly being used for complex applications ranging from hyperscale, DCI, power transmission, and other critical infrastructure.

Innovations like multi-fiber connectors and hollow core fiber show promise for data centers, edge computing, quantum communication, defense and other applications.

In aerospace and defense, the increased threat of disruption, jamming, and spoofing of GPS and GNSS signals is driving the need for solutions to mitigate this threat.

Resilient PNT is a broad set of technologies and products that are used to achieve these goals.

For our avionics products, many governments across the globe are increasing their military and public safety budgets to upgrade communication infrastructure.

For our avionics products, many governments across the globe are increasing their military and public safety budgets to upgrade aircraft capabilities and communication infrastructure.

Advances in quantum computers raise new cybersecurity concerns.

The “harvest now, decrypt later” strategy compels organizations to move beyond theoretical planning and begin implementation.

While government and industry bodies have introduced Post-Quantum Cryptography (PQC) algorithms and mandates to protect against quantum attacks, interoperability and scalability remain a challenge.

Test and measurement – from Quantum Key Distribution (QKD) and PQC to Key Management System (KMS) interoperability testing – is essential to ensure compliance and readiness in each implementation.

Optical Security and Performance Products

Our 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 .

Our 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.

Our technologies targeting anti-counterfeiting applications enable a range of intuitive visual color-shifting effects that are easy for consumers to authenticate but difficult for counterfeiters to simulate.

These effects, which are delivered through engineered materials including pigments, are formulated into inks used by banknote issuers and security printers worldwide for anti-counterfeiting applications on banknotes and other high-value documents.

Our technologies are deployed on the banknotes of more than 100 countries today.

Our 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.

Our innovation in material science and deposition technologies enable precise, high-performance, optical thin-film coatings for a range of applications, including 3D sensing.

VIAVI’s 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.

We also leverage our advanced design and manufacturing capabilities to collaborate with customers in the aerospace, industrial and automotive markets.

Our offerings to the aerospace market include military-grade, custom thin-film coated optical products.

We deliver spectral sensing solutions that include handheld and process near infrared spectrometers for industrial and other applications.

Automotive customers utilize our LAS optical filters for LiDAR systems and our innovative special effects pigments for decorative paint applications.

Our 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.

OSP optical thin-film coatings serve a range of markets including 3D sensing, consumer electronics, industrial, government and automotive sensing.

Other OSP product lines include near infrared spectrometers for industrial, pharmaceutical and law enforcement applications as well as special effects pigments for the automotive, architectural and sports apparel markets.

OSP customers include SICPA Holding SA Company (SICPA), Lockheed Martin Corporation and Seiko Epson Corporation.

We have a strategic alliance with SICPA to market and sell our OVP and OVMP product lines for banknote anti-counterfeiting applications worldwide.

We have a strategic alliance with SICPA to market our products for banknote anti-counterfeiting applications worldwide.

A material reduction in sales, or loss of the relationship with SICPA, may harm our business and operating results as we may be unable to find a substitute marketing and sales partner or develop these capabilities ourselves in a timely manner.

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OSP competitors include providers of anti-counterfeiting technologies such as Giesecke & Devrient and Crane NXT;

special-effect pigments such as Merck KGA and FYOTEC;

special-effect pigments such as GNMI Group 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.

and manufacturers of passive and other optical components such as Coherent.

Our OSP business provides innovative light management technologies for the anti-counterfeiting, consumer electronics, industrial, government and automotive markets.

Anti-Counterfeiting :

Our 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.

Our products and 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 including color shift, depth, and motion that enable the rapid verification of banknotes without requiring a specialized device or reader.

Consumer Electronics and Industrial :

Our 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.

Our Engineered Diffusers shape light emitted for industrial, consumer electronics and biomedical applications and also enhance eye safety.

We provide multicavity and linear variable optical filters on a variety of substrates for applications, including thermal imaging, spectroscopy and pollution monitoring.

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These products, including coatings and optical filters, are optimized for each specific application.

For product differentiation and brand enhancement, we provide custom color solutions for a variety of applications using our 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, our optical filters and Engineered Diffusers enable automotive sensing applications including LiDAR and in-cabin monitoring.

Industry Trends

For over 75 years, 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.

For product differentiation and brand enhancement, we provide custom color solutions for a variety of applications to create color effects that emphasize body contours, create dynamic environments or enhance products in motion.

Additionally, our optical filters enable automotive sensing applications including LiDAR and in-cabin monitoring.

Industry Trends for OSP

For over 75 years, 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 applications.

We leverage our capabilities to deliver technologies that enable anti-counterfeiting solutions designed to protect the integrity of banknotes and other documents of value.

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Major trends in 3D sensing and other applications we target 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.

As advanced 3D sensing is increasingly deployed in advanced consumer electronics, automobiles and industrial robots, VIAVI’s OSP technologies continue to innovate to enable devices to feature thinner and smaller form factors and power consumption and lower device latency.

In addition, OSP technologies enable a range of other optical applications for customers in the aerospace, defense, automotive, and industrial markets.

Research and Development

We devote substantial resources to research and development (R&D) to develop new and enhanced products to serve our markets.

Once the design of a product is complete, our engineering efforts shift to enhancing both product performance and our ability to manufacture it in greater volume and at lower cost.

In our NSE segment, we develop portable test instruments for field service technicians, systems and software used in Network Operations Centers, and instruments used in the development, testing and production of communications network components, modules and equipment.

We have centers of excellence for product marketing and development in Asia, Europe and North America.

In fiscal 2024, the Company was approved for a grant expected to provide approximately $21.7 million in funding over a three-year performance period from the Public Wireless Supply Chain Innovation Fund.

The grant is intended to facilitate a fully automated, cooperative, open and unbiased testing environment dedicated to ORAN interoperability, performance and security.

This service is designed to manage and support 5G and ORAN deployments that would benefit new entrants, startups and educational institutions to access tools with a minimal ramp-up time.

In our OSP segment, our R&D efforts concentrate on developing more innovative technologies and products for customers in the anti-counterfeiting, consumer electronics, industrial, government and automotive markets.

We devote substantial resources in Research and Development (R&D) to develop new and innovative products to serve our markets and associated industry standards bodies.

In many markets, we provide technology that enables our customers to develop and deploy cutting edge technology capabilities.

Once the design of a product is complete, in addition to continuing to add features to those products in support of customer requirements and technology trends, our engineering efforts shift to product maintenance and enhancing both product performance and our ability to manufacture it in greater volume and at lower cost.

In our NSE Segment, we develop instruments and systems used in the development of wireless and fiber communications and data network components, modules and equipment for data center ecosystems and communication networks.

We develop portable test equipment and systems and software for field service and deployment technicians supporting service providers, AI data centers and in Network Operation Centers.

We develop equipment used to assure precision navigation and timing are maintained in a signal denied environment and provide test equipment for aerospace and defense applications.

In our OSP segment, our R&D efforts concentrate on developing more innovative technologies and products for customers in the anti-counterfeiting, consumer electronics, aerospace, industrial, and automotive markets.

Our strength in the banknote anti-counterfeiting market is complemented by our advances in developing novel pigments for a variety of applications.

Other areas for OSP include our efforts to leverage our optical coating technology expertise to develop applications for the government and defense markets as well as efforts related to new products for 3D sensing and smartphone sensors.

OSP also develops, manufactures and sells a line of hand-held and process spectrometers with applications in the agriculture, law enforcement, pharmaceuticals and food markets.

Sales and Marketing

We market and sell products to communications service providers (CSPs), NEMs, original equipment manufacturers (OEMs), enterprises, governmental organizations, distributors and strategic partners worldwide.

OSP also develops, manufactures and sells a line of handheld and process spectrometers with applications in agriculture, law enforcement, pharmaceuticals and food markets.

Sales, Marketing and Customer Support

Customer service and technical support are integral components of our business strategy to develop and maintain long-term collaborative relationships with our customers.

We typically engage customers early in the design phase of their programs and support them throughout product development and volume production.

Service and support are provided through our global facilities and those of our authorized partners.

For NSE, we market and sell products to hyperscale data centers, communications service providers (CSPs), NEMs, original equipment manufacturers (OEMs), enterprises, government and defense, distributors and strategic partners worldwide.

We have a dedicated sales force organized around each of the markets that we serve that works directly with customers’ executive, technical, manufacturing and purchasing personnel to determine design, performance and cost requirements.

We are also supported by a worldwide channel community who support our NSE segment.

OSP sales and marketing efforts are targeted primarily toward customers in the consumer electronics, government, commercial aerospace, automotive, biomedical and industrial markets.

We have a dedicated direct global sales force focused on understanding customers’ requirements and building market awareness and acceptance of our products.

Our direct sales force is complemented by a highly trained team of field applications engineers who assist customers in designing, testing and qualifying our products.

We market our 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 our strategy to develop and maintain long-term collaborative relationships with our customers.

We develop innovative products by engaging our customers at the initial design phase and continue to build that relationship as our customers’ needs change and develop.

Service and support are provided through our offices and those of our partners worldwide.

OSP sales and marketing efforts are directed primarily toward customers in the consumer electronics, government, commercial aerospace, automotive, biomedical and industrial end markets.

OSP maintains a global direct sales organization supported by a team of applications engineers and customer service professionals who assist customers during product design, qualification and production ramp.

In some geographic regions and for select products, OSP also utilizes distributors and manufacturers’ representatives.

We generally promote our products and capabilities through a combination of direct customer engagement and broader marketing activities, including participation in industry trade shows, technical forums, promotional webinars, development of product demonstrations and evaluation samples and through partnerships.

As part of our strategy, we are committed to the ongoing evaluation of strategic opportunities and, where appropriate, the acquisition of additional products, technologies or businesses that are complementary to, or strengthen, our existing products.

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Restructuring Programs

We may continue to engage in targeted restructuring events, to consolidate our operations and align our businesses in response to market conditions and our current investment strategy.

Such actions are intended to further drive our strategy for organizational alignment and consolidation as part of our continued commitment to a more cost effective and agile organization and to improve overall profitability in our business segments.

During the third quarter of fiscal 2026, a restructuring plan was announced (the Fiscal 2026 Plan), which is intended to improve operational efficiencies, better align the Company’s workforce with current business needs and strategic growth opportunities and the integration of recently acquired businesses.

The Fiscal 2026 Plan included a global workforce reduction, facilities rationalization and asset write-offs.

The Company expects approximately 5% of its global workforce to be affected.

The Company estimates annualized gross cost savings of approximately $30.0 million upon completion of the Fiscal 2026 plan, excluding any one-time charges, as a result of the restructuring activities.

The Company expects that a substantial portion of the plan will be completed by the end of calendar year 2026.

For further information refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under Item 7 and “Note 13.

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Manufacturing

As of June 28, 2025, we have significant manufacturing facilities for our NSE and OSP segments located in China, France, Germany, the United Kingdom and the United States.

Our most significant contract manufacturing partners are located in China and Thailand.

As of June 27, 2026, we have manufacturing facilities for our NSE and OSP segments located in the United States, France, Germany, the United Kingdom and China.

Our contract manufacturing partners have a global footprint that includes facilities in China and Thailand from where we currently source a significant portion of our products and components.

Sources and Availability of Raw Materials

We use various suppliers and contract manufacturers to supply parts and components for the manufacture and support of multiple product lines.

Although we intend to establish at least two sources of supply for materials whenever possible, for certain components we have sole or limited source supply arrangements.

Although we seek to maintain at least two sources of supply for materials whenever possible, for certain components we have sole or limited source supply arrangements.

Patents and Proprietary Rights

Intellectual property rights apply to our various products include patents, trade secrets and trademarks.

Intellectual property rights apply to our various products including patents, trade secrets and trademarks.

We do not intend to broadly license our intellectual property rights unless we can obtain adequate consideration or enter into acceptable intellectual property cross-licensing agreements.

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patents and 2,225 foreign patents and have 1,062 patent applications pending throughout the world.

The average age of the patents we hold is 9.0 years, which is younger than the midpoint of the average 20-year life of a patent.

The average age of the patents we hold is 10.4 years, which is slightly older than the midpoint of the average 20-year life of a patent.

Due to possible changes in product delivery schedules and cancellation of product orders, and because our sales often reflect orders shipped in the same quarter in which they are received, our backlog at any particular date is not necessarily indicative of actual revenue or the level of orders for any succeeding period.

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They represent the principles that help guide us to achieve our objectives globally and the desired operating environment of the employees and management.

VIAVI is committed to respecting human rights and acknowledges the fundamental principles contained in the Universal Declaration of Human Rights, the tenets of the United Nations Guiding Principles on Business and Human Rights, and core International Labor Organization Conventions to the extent they are applicable and important to our business.

We are a member of the Responsible Business Alliance, which further strengthens our efforts and commitment.

We realize that being a responsible global citizen is important to the sustainability and commercial success of our business and encompasses more than just complying with local regulations.

It’s about how we do business, and how our organization’s activities affect the people and communities where we live and work.

The VIAVI Code of Business Conduct captures the broad principles of legal and ethical business conduct embraced by the Company as part of its commitment to integrity.

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business