Viavi Solutions' stock surged 8.80% during the pre-market session, following the release of its second-quarter fiscal 2026 financial results after the previous trading day's close.

The optical technology company reported quarterly adjusted earnings of $0.22 per share, surpassing the analyst consensus estimate of $0.19. Revenue for the quarter reached $369.3 million, also beating expectations and marking a significant 36.4% increase year-over-year, driven by strong demand in its data center and aerospace & defense segments.

Concurrently, the company approved a restructuring plan aimed at improving operational efficiencies, which includes a reduction of approximately 5% of its global workforce. While the plan is expected to result in $32 million in restructuring charges, Viavi anticipates annualized cost savings of around $30 million. Additionally, the company provided a bullish outlook for the third quarter, forecasting non-GAAP earnings between $0.22 and $0.24 per share on revenue of $386 million to $400 million, both well above current analyst estimates.