The Filing Desk

InterDigital vs Viavi Solutions

InterDigital IDCC · Viavi Solutions VIAV · Communications Equipment

Viavi Solutions reported revenue of $1.5 billion in fiscal 2026, 1.8 times InterDigital's $834 million in fiscal 2025. InterDigital's revenue fell 4.0% in its latest year, and Viavi Solutions' grew 40.0%. InterDigital had an operating margin of 55.3%, against 6.9% at Viavi Solutions. Free cash flow was $529 million at InterDigital and $83 million at Viavi Solutions. Their fiscal years end in different months (December 31 and June 27), so the periods don't line up exactly.

Side by side

InterDigitalViavi Solutions
Latest fiscal yearFY2025, Dec 31, 2025FY2026, Jun 27, 2026
Revenue$834M$1.5B
Revenue growth−4.0%40.0%
Revenue growth a year, last 5 years18.4%4.8%
Gross margin—57.7%
Operating margin55.3%6.9%
Net margin48.8%−2.0%
Free cash flow$529M$83M
Free cash flow margin63.4%5.5%
Return on capital113.5%4.3%
Net debt to EBITDA−1.4x−0.1x
Dividends and buybacks$163M$30M
Change in diluted share count16.0%1.7%
Last close$324.26$31.88
P/E at the last close37.7×—
Insider trades, last 12 monthssold $26.5 millionsold $61.7 million
Piotroski F-score6 of 86 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
InterDigitalViavi Solutions
Operating margin
Percent of revenue
InterDigitalViavi Solutions
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
InterDigitalViavi Solutions

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the InterDigital and Viavi Solutions pages.