Vistance Networks, Inc.
For the period ended Nov 5, 2026. Filed Nov 5, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 5, 2026 · Filed Nov 5, 2026
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Contents
EX-99.1 · Third Quarter Highlights
Third Quarter Highlights
Net sales of $319.7 million
GAAP income from continuing operations of $54.7 million
Non-GAAP adjusted EBITDA of $56.6 million(1)
Aurora Networks "Aurora" operating income of $23.0 million
Aurora non-GAAP adjusted EBITDA of $56.8 million*(1)
Cash flow used in operations of $(57.5) million and free cash flow of $(57.7) million(2)
- Reflects the results of Aurora, our reportable segment, which represent substantially all of our net sales and exclude general corporate costs that were previously allocated to the divested RUCKUS and CCS segments because they were not directly attributable to the divested segments. See the segment comparison tables below showing the breakdown of Aurora’s results and the corporate and other costs previously allocated to the divested RUCKUS and CCS segments.
(1) See “Non-GAAP Financial Measures” and “Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures” below.
(2) The cash flows related to discontinued operations have not been segregated. Accordingly, this cash flow information includes the results of continuing and discontinued operations.
Richardson, TX, November 5, 2026— Vistance Networks, Inc. (NASDAQ: VISN), a global leading provider of intelligent network solutions, today reported results for the quarter ended September 30, 2026.
| Summary of Consolidated Results | |||
|---|---|---|---|
| Q3 | Q3 | % Change | |
| 2026 | 2025 | YOY | |
| (in millions, except per share amounts) | |||
| Net sales | $319.7 | $337.8 | (5.4)% |
| GAAP income (loss) from continuing operations | 54.7 | (18.9) | NM |
| GAAP income (loss) from continuing operations per diluted share | 0.24 | (0.16) | NM |
| Non-GAAP adjusted EBITDA (1) | 56.6 | 24.8 | 128.2 |
| Aurora operating income | 23.0 | 25.5 | (9.8) |
| Aurora non-GAAP adjusted EBITDA (1) (2) | 56.8 | 54.1 | 5.0 |
| Non-GAAP adjusted net income per diluted share (1) | 0.23 | 0.06 | 283.3 |
| NM – Not meaningful | |||
| (1) See “Non-GAAP Financial Measures” below. | |||
| (2) Reflects the results of Aurora, our reportable segment, which represent substantially all of our net sales and exclude general corporate costs that were previously allocated to the divested RUCKUS and CCS segments because they were not directly attributable to the divested segments. | |||
“During the third quarter, we continued to make progress across our Vistance Networks business, supported by ongoing DOCSIS 4.0 deployments and adoption of our next-generation intelligent amplifiers. While memory chip pressures and customer deployment timing continue to impact near-term performance, we remain confident in the long-term demand for our products and opportunities to expand our portfolio. We are also pleased with the significant value we have returned to shareholders following the divestitures of our CCS and RUCKUS businesses. Including our recently announced $1.50 per share special distribution, we will have distributed $16.50 per share in 2026. As of October 30, 2026, we repurchased $225 million of stock under our existing stock repurchase programs. With a strong, debt-free balance sheet, we are well positioned to continue investing in our business and creating additional value,” said Chuck Treadway, President and Chief Executive Officer.
“Aurora Networks delivered $320 million of revenue and $57 million of Adjusted EBITDA in the third quarter. This was generally aligned with our expectations as memory chip pricing and stranded costs were more than offset by a lower variable compensation. Looking ahead, we are revising our full-year adjusted EBITDA guidance to $180 million to $200 million, primarily resulting from customer demand being pushed out into 2027. We remain confident in the underlying demand for our products and are focused on managing costs, maintaining financial flexibility and positioning the business to capitalize on longer-term network upgrade opportunities," said Kyle Lorentzen, Chief Financial Officer.
Through October 30 th, the Company has utilized $225 million of the authorization to buy back 28.9 million shares or approximately 13% of the outstanding shares at the end of the second quarter, inclusive of shares that vested with the Ruckus transaction in the third quarter.
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