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Side-by-side financial comparison of Penguin Solutions, Inc. (PENG) and VIAVI SOLUTIONS INC. (VIAV). Click either name above to swap in a different company.

VIAVI SOLUTIONS INC. is the larger business by last-quarter revenue ($369.3M vs $343.1M, roughly 1.1× Penguin Solutions, Inc.). Penguin Solutions, Inc. runs the higher net margin — 1.5% vs -13.0%, a 14.6% gap on every dollar of revenue. On growth, VIAVI SOLUTIONS INC. posted the faster year-over-year revenue change (36.4% vs 0.6%). VIAVI SOLUTIONS INC. produced more free cash flow last quarter ($36.9M vs $28.2M). Over the past eight quarters, VIAVI SOLUTIONS INC.'s revenue compounded faster (22.5% CAGR vs 11.8%).

The Lampo Group, LLC, doing business as Ramsey Solutions, is an American company that provides products and services relating to personal finance, leadership development, interpersonal relationships, and professional development. Founded in 1991 by Dave Ramsey and his wife, Sharon, the company is based in Franklin, Tennessee.

Viavi Solutions Inc., formerly part of JDS Uniphase Corporation (JDSU), is an American network test, measurement and assurance technology company based in Chandler, Arizona. The company manufactures testing and monitoring equipment for networks. It also develops optical technology used for a range of applications including material quality control, currency anti-counterfeiting and 3D motion sensing, including Microsoft's Kinect video game controller.

PENG vs VIAV — Head-to-Head

Bigger by revenue
VIAV
VIAV
1.1× larger
VIAV
$369.3M
$343.1M
PENG
Growing faster (revenue YoY)
VIAV
VIAV
+35.8% gap
VIAV
36.4%
0.6%
PENG
Higher net margin
PENG
PENG
14.6% more per $
PENG
1.5%
-13.0%
VIAV
More free cash flow
VIAV
VIAV
$8.7M more FCF
VIAV
$36.9M
$28.2M
PENG
Faster 2-yr revenue CAGR
VIAV
VIAV
Annualised
VIAV
22.5%
11.8%
PENG

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
PENG
PENG
VIAV
VIAV
Revenue
$343.1M
$369.3M
Net Profit
$5.3M
$-48.1M
Gross Margin
28.0%
57.0%
Operating Margin
5.7%
3.1%
Net Margin
1.5%
-13.0%
Revenue YoY
0.6%
36.4%
Net Profit YoY
1.0%
-628.6%
EPS (diluted)
$0.04
$-0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PENG
PENG
VIAV
VIAV
Q4 25
$343.1M
$369.3M
Q3 25
$337.9M
$299.1M
Q2 25
$324.3M
$290.5M
Q1 25
$365.5M
$284.8M
Q4 24
$341.1M
$270.8M
Q3 24
$284.8M
$238.2M
Q2 24
$300.6M
$252.0M
Q1 24
$246.0M
Net Profit
PENG
PENG
VIAV
VIAV
Q4 25
$5.3M
$-48.1M
Q3 25
$9.4M
$-21.4M
Q2 25
$2.7M
$8.0M
Q1 25
$8.1M
$19.5M
Q4 24
$5.2M
$9.1M
Q3 24
$-1.8M
Q2 24
$5.6M
$-21.7M
Q1 24
$-24.6M
Gross Margin
PENG
PENG
VIAV
VIAV
Q4 25
28.0%
57.0%
Q3 25
28.6%
56.5%
Q2 25
29.3%
56.3%
Q1 25
28.6%
56.4%
Q4 24
28.7%
59.4%
Q3 24
28.8%
57.1%
Q2 24
29.6%
57.8%
Q1 24
56.1%
Operating Margin
PENG
PENG
VIAV
VIAV
Q4 25
5.7%
3.1%
Q3 25
3.7%
2.5%
Q2 25
3.0%
5.3%
Q1 25
5.1%
3.0%
Q4 24
5.1%
8.2%
Q3 24
-1.2%
4.8%
Q2 24
3.8%
-2.3%
Q1 24
-4.8%
Net Margin
PENG
PENG
VIAV
VIAV
Q4 25
1.5%
-13.0%
Q3 25
2.8%
-7.2%
Q2 25
0.8%
2.8%
Q1 25
2.2%
6.8%
Q4 24
1.5%
3.4%
Q3 24
-0.8%
Q2 24
1.9%
-8.6%
Q1 24
-10.0%
EPS (diluted)
PENG
PENG
VIAV
VIAV
Q4 25
$0.04
$-0.21
Q3 25
$0.10
$-0.10
Q2 25
$-0.01
$0.03
Q1 25
$0.09
$0.09
Q4 24
$0.10
$0.04
Q3 24
$-0.01
Q2 24
$0.10
$-0.10
Q1 24
$-0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PENG
PENG
VIAV
VIAV
Cash + ST InvestmentsLiquidity on hand
$461.5M
$767.4M
Total DebtLower is stronger
$462.3M
$1.2B
Stockholders' EquityBook value
$389.7M
$834.3M
Total Assets
$1.6B
$2.8B
Debt / EquityLower = less leverage
1.19×
1.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PENG
PENG
VIAV
VIAV
Q4 25
$461.5M
$767.4M
Q3 25
$453.8M
$545.6M
Q2 25
$735.5M
$425.3M
Q1 25
$647.0M
$396.8M
Q4 24
$393.7M
$509.4M
Q3 24
$389.5M
$493.1M
Q2 24
$467.5M
$491.2M
Q1 24
$482.6M
Total Debt
PENG
PENG
VIAV
VIAV
Q4 25
$462.3M
$1.2B
Q3 25
$461.8M
$640.5M
Q2 25
$659.5M
$396.3M
Q1 25
$658.8M
$396.1M
Q4 24
$658.1M
$639.3M
Q3 24
$657.3M
$637.6M
Q2 24
$667.0M
$636.0M
Q1 24
$634.4M
Stockholders' Equity
PENG
PENG
VIAV
VIAV
Q4 25
$389.7M
$834.3M
Q3 25
$394.2M
$723.9M
Q2 25
$584.8M
$780.2M
Q1 25
$602.5M
$728.8M
Q4 24
$400.4M
$682.8M
Q3 24
$391.4M
$702.1M
Q2 24
$423.4M
$681.6M
Q1 24
$705.1M
Total Assets
PENG
PENG
VIAV
VIAV
Q4 25
$1.6B
$2.8B
Q3 25
$1.6B
$2.1B
Q2 25
$1.8B
$2.0B
Q1 25
$1.8B
$1.9B
Q4 24
$1.6B
$1.7B
Q3 24
$1.5B
$1.7B
Q2 24
$1.5B
$1.7B
Q1 24
$1.7B
Debt / Equity
PENG
PENG
VIAV
VIAV
Q4 25
1.19×
1.46×
Q3 25
1.17×
0.88×
Q2 25
1.13×
0.51×
Q1 25
1.09×
0.54×
Q4 24
1.64×
0.94×
Q3 24
1.68×
0.91×
Q2 24
1.58×
0.93×
Q1 24
0.90×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PENG
PENG
VIAV
VIAV
Operating Cash FlowLast quarter
$31.1M
$42.5M
Free Cash FlowOCF − Capex
$28.2M
$36.9M
FCF MarginFCF / Revenue
8.2%
10.0%
Capex IntensityCapex / Revenue
0.8%
1.5%
Cash ConversionOCF / Net Profit
5.89×
TTM Free Cash FlowTrailing 4 quarters
$116.3M
$78.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PENG
PENG
VIAV
VIAV
Q4 25
$31.1M
$42.5M
Q3 25
$-70.4M
$31.0M
Q2 25
$92.8M
$23.8M
Q1 25
$72.9M
$7.8M
Q4 24
$13.8M
$44.7M
Q3 24
$13.5M
Q2 24
$57.9M
$26.2M
Q1 24
$19.5M
Free Cash Flow
PENG
PENG
VIAV
VIAV
Q4 25
$28.2M
$36.9M
Q3 25
$-73.4M
$22.5M
Q2 25
$90.9M
$18.3M
Q1 25
$70.5M
$1.0M
Q4 24
$12.0M
$36.5M
Q3 24
$6.2M
Q2 24
$48.9M
$22.4M
Q1 24
$16.3M
FCF Margin
PENG
PENG
VIAV
VIAV
Q4 25
8.2%
10.0%
Q3 25
-21.7%
7.5%
Q2 25
28.0%
6.3%
Q1 25
19.3%
0.4%
Q4 24
3.5%
13.5%
Q3 24
2.6%
Q2 24
16.3%
8.9%
Q1 24
6.6%
Capex Intensity
PENG
PENG
VIAV
VIAV
Q4 25
0.8%
1.5%
Q3 25
0.9%
2.8%
Q2 25
0.6%
1.9%
Q1 25
0.6%
2.4%
Q4 24
0.5%
3.0%
Q3 24
3.1%
Q2 24
3.0%
1.5%
Q1 24
1.3%
Cash Conversion
PENG
PENG
VIAV
VIAV
Q4 25
5.89×
Q3 25
-7.47×
Q2 25
34.88×
2.98×
Q1 25
9.02×
0.40×
Q4 24
2.65×
4.91×
Q3 24
Q2 24
10.30×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PENG
PENG

Integrated Memory Segment$171.6M50%
Advanced Computing Segment$115.7M34%
Optimized LED Segment$55.7M16%

VIAV
VIAV

Products$317.3M86%
Services$52.0M14%

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