Viavi Solutions Inc. (VIAV) saw its stock price surge 5.52% during the after-hours session on Wednesday, following the release of its fiscal second-quarter 2026 financial results.

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 of $365.3 million and marking a 36.4% increase year-over-year. 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.

Concurrently, Viavi announced the approval of a restructuring plan aimed at improving operational efficiencies. The plan includes a reduction of approximately 5% of its global workforce and is expected to result in $32 million in restructuring charges. However, the company anticipates annualized cost savings of around $30 million from these measures, which likely contributed to positive investor sentiment.