VISN · CommScope Holding Company, Inc.

Vistance Networks reported strong first quarter 2026 results, with net sales increasing 21.6% year-over-year to $471.8 million, driven by growth in both the RUCKUS and Aurora segments. Aurora net sales rose 32.6% to $298.4 million, while RUCKUS net sales grew 6.3% to $173.4 million. GAAP income from continuing operations was $231.7 million, down 32.1% from $341.1 million in the prior year period, primarily due to the absence of gains from the CCS sale. Non-GAAP adjusted EBITDA surged 85.0% to $87.3 million, with margin expanding to 18.5% from 12.2%. Core non-GAAP adjusted EBITDA, which excludes corporate costs, increased 38.4% to $87.3 million. Management highlighted strong performance in the Aurora business, with revenue and adjusted EBITDA up 33% and 32% respectively. The company also announced a $100 million share repurchase program, replacing the prior $50 million authorization. Additionally, Vistance Networks signed a definitive agreement to sell its RUCKUS Networks business to Belden for $1.846 billion in cash, which management believes will unlock further shareholder value. The company ended the quarter with $2.51 billion in cash and cash equivalents.