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Viavi Solutions Inc. (NASDAQ:VIAV) is one of the 10 Stocks Delivering Eye-Popping Gains.

Viavi Solutions surged by 15.09 percent on Thursday to close at $52.40 apiece, as investors took heart from its strong revenue performance for the third quarter of fiscal year 2026, coupled with a highly optimistic outlook for the rest of the year.

In an updated report, Viavi Solutions Inc. (NASDAQ:VIAV) said that it grew its net revenues by 42.8 percent to $406.8 million from the $284.8 million in the same period last year, thanks to a strong demand from its core markets.

Single ‘go-to’ tools for fiber, Ethernet, WiFi 7 and DOCSIS testing to enable fast, reliable multi-gig activation and validation. Photo by Viavi Solutions

“VIAVI’s financial performance for the third quarter has exceeded our expectations, driven by strong growth in the data center and aerospace and defense end markets. We expect these end markets to continue to be strong drivers for the foreseeable future,” Viavi Solutions Inc. (NASDAQ:VIAV) President and CEO Oleg Khaykin said.

On a non-GAAP basis, net income stood at $67.6 million, or a 99.4 percent jump from the $13.1 million in the same period a year earlier. On the other hand, GAAP net income ended at $6.4 million, marking a 67 percent drop from the $19.5 million in the same period last year.

Looking ahead, Viavi Solutions Inc. (NASDAQ:VIAV) is targeting to grow it revenues by 47 to 50 percent in the fourth quarter of the year, at $427 million to $437 million, versus $290.5 million in the same quarter a year earlier. Earnings per share were also pegged at $0.29 to $0.31, versus $0.04 year-on-year.

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