Vistance Networks | 8-K: FY2026 Q2 Revenue: USD 319.6 M

Revenue: As of FY2026 Q2, the actual value is USD 319.6 M.

EPS: As of FY2026 Q2, the actual value is USD 1.21.

EBIT: As of FY2026 Q2, the actual value is USD -1.8 M.

Net Sales

Vistance Networks, Inc. reported net sales of $319.6 million for the second quarter of 2026, marking a 1.4% decrease year-over-year compared to $324.1 million in Q2 2025.Segment net sales for Aurora were $319.2 million in Q2 2026, a 1.0% decrease from $322.5 million in Q2 2025.Net sales by region in Q2 2026 included: United States at $258.1 million (+1.1% YOY), Europe, Middle East and Africa at $14.6 million (-26.3% YOY), Asia Pacific at $14.8 million (+2.8% YOY), Caribbean and Latin America at $17.1 million (+1.8% YOY), and Canada at $15.0 million (-15.3% YOY).

Income from Continuing Operations

GAAP income from continuing operations was $26.1 million in Q2 2026, a significant increase from $5.9 million in Q2 2025.Non-GAAP adjusted net income for Q2 2026 was $28.2 million, a decrease from $36.7 million in Q2 2025.

Operating Income (Loss)

Total operating loss was - $8.9 million in Q2 2026, compared to an operating income of $7.8 million in Q2 2025, representing a -214.1% change year-over-year.Aurora segment operating income was $7.0 million in Q2 2026, down 85.9% from $49.6 million in Q2 2025.Corporate and other operating loss was - $15.9 million in Q2 2026, an improvement from - $41.8 million in Q2 2025.

Adjusted EBITDA

Non-GAAP adjusted EBITDA was $35.8 million in Q2 2026, a 32.1% decrease from $52.7 million in Q2 2025.Core non-GAAP adjusted EBITDA (representing the Aurora segment) was $45.5 million in Q2 2026, a 43.3% decrease from $80.2 million in Q2 2025.Core non-GAAP adjusted EBITDA as a percentage of net sales decreased to 14.2% in Q2 2026 from 24.7% in Q2 2025.

Cash Flow

Cash flow used in operations for Q2 2026 was - $72.7 million.Free cash flow used in Q2 2026 was - $74.7 million, after adjusting for $2.0 million of additions to property, plant and equipment.The Company ended the quarter with $151.6 million in cash and cash equivalents, including $38.0 million in assets held for sale.Total liquidity at quarter-end was approximately $288.6 million, with no outstanding borrowings under its asset-based revolving credit facility and $137.0 million availability.

Other Financials

Gross profit for Q2 2026 was $112.9 million, compared to $148.2 million in Q2 2025.Total operating expenses for Q2 2026 were $122.3 million, down from $150.7 million in Q2 2025.As of June 30, 2026, the Company had no long-term debt, a significant reduction from $7,260.2 million at December 31, 2025.

Outlook / Guidance

Vistance Networks, Inc. plans a special distribution of $5.00 per share by the end of August 2026, which would bring total shareholder returns this year to $15.00 per share or $3.4 billion, following debt repayment and preferred equity redemption.The company anticipates concluding the year with $700 to $750 million in cash and no outstanding debt, and expects a $160 million tax refund in 2027 from its divestiture tax strategy.Management will evaluate growth opportunities, including organic and inorganic investments, and continue to assess stock buybacks under the Board-approved $100 million authority, with full-year adjusted EBITDA guideposts for Aurora set between $200 million and $225 million.