Viavi Earnings Reports

VIAVI concluded Fiscal 2025 with robust fourth-quarter performance, meeting the upper range of its guidance. The company experienced stabilization in its core service provider test and measurement, and optical security pigments businesses, while growth in data center ecosystem and aerospace & defense segments further accelerated its recovery. Management anticipates continued positive momentum in its end markets through calendar year 2025.

VIAVI Solutions reported strong results for the third quarter of fiscal 2025, exceeding expectations with revenue of $284.8 million and non-GAAP EPS of $0.15. Growth was driven by strength in both the Network Enablement and Optical Security and Performance Products segments.

VIAVI's second quarter fiscal 2025 financial performance exceeded expectations, driven by recovering Network and Service Enablement (NSE) demand. Net revenue reached $270.8 million, a 6.4% increase year-over-year, with a GAAP operating margin of 8.2%. The company reported a GAAP net income of $9.1 million, or $0.04 per share, and a non-GAAP net income of $29.4 million, or $0.13 per share.

VIAVI's Q1FY25 revenue came in slightly below the midpoint of their guidance, with weaker demand in NSE partially offset by stronger OSP performance. The company reported a net revenue of $238.2 million, a GAAP net loss of $1.8 million, and a non-GAAP EPS of $0.06.

VIAVI reported Q4 2024 net revenue of $252.0 million, a decrease of 4.4% year-over-year. GAAP EPS was $(0.10), while non-GAAP diluted EPS was $0.08. The company's revenue came in at the midpoint of guidance, with stronger OSP revenues offsetting softer NSE demand.

VIAVI's third quarter fiscal 2024 net revenue was $246.0 million. GAAP net loss was $(24.6) million, or $(0.11) per share. Non-GAAP net income was $13.2 million, or $0.06 per share. The company's revenue came in at the lower end of their guidance, with stronger OSP demand partially offsetting weaker than expected NSE demand.

VIAVI announced its Q2 Fiscal Year 2024 results, with revenue at $254.5 million and a GAAP EPS of $0.05. The company's performance was stronger than expected, driven by demand for 400G/800G Fiber, Mil/Aero, and SE products and a richer margin revenue mix.

VIAVI reported a net revenue of $247.9 million for Q1 2024, a decrease of 20.1% year-over-year. GAAP EPS was $0.04, down 71.4% year-over-year, while non-GAAP EPS was $0.09, down 60.9% year-over-year. The results were impacted by a challenging spending environment, particularly among North American service providers.

VIAVI reported Q4 net revenue of $263.6 million, a decrease of 21.4% year-over-year. GAAP EPS was $0.00, down 100.0% year-over-year, and non-GAAP EPS was $0.10, down 58.3% year-over-year. The company saw initial signs of stabilization and gradual recovery during the quarter, with revenue coming in above the higher end of the guidance range.

Viavi reported Q3 fiscal year 2023 net revenue of $247.8 million, a decrease of 21.5% year-over-year. GAAP EPS was $(0.07), down 187.5% year-over-year, while non-GAAP EPS was $0.08, a decrease of 63.6% year-over-year. The company saw stabilization of demand for field instruments.

VIAVI reported Q2 fiscal year 2023 net revenue of $284.5 million, a decrease of 9.6% year-over-year. GAAP EPS was $0.04, down 71.4% year-over-year, and non-GAAP EPS was $0.14, down 41.7% year-over-year. The company initiated a restructuring plan to align operating expenses with lower near-term customer demand.

VIAVI announced its first quarter fiscal 2023 results, with net revenue of $310.2 million and GAAP EPS of $0.14. The company's performance was impacted by a slowdown in order placement within the NSE business segment, though disciplined OPEX management helped achieve the midpoint of non-GAAP EPS guidance.

VIAVI announced fourth quarter fiscal 2022 results, with net revenue of $335.3 million. GAAP net income was $16.5 million, or $0.07 per share, and non-GAAP net income was $55.8 million, or $0.24 per share.

VIAVI's Q3 2022 results showed a 4.0% year-over-year increase in net revenue, reaching $315.5 million. The company's GAAP EPS was $0.08, and non-GAAP EPS was $0.22. VIAVI exceeded its revenue guidance range and saw strength in Fiber and Wireless products.

VIAVI's Q2 fiscal year 2022 results showed a net revenue of $314.8 million, a GAAP EPS of $0.14, and a non-GAAP EPS of $0.24. The company's performance was driven by strength in Fiber and Wireless products, with improved demand for 3D Sensing products. The company also redeemed $45.6 million in convertible notes and repurchased approximately 10.9 million shares.

VIAVI announced its Q1 fiscal year 2022 results, reporting a net revenue of $326.8 million. The company's GAAP EPS was $(0.24), while the non-GAAP EPS was $0.24. Despite supply chain challenges, VIAVI achieved record revenue and non-GAAP profitability.

VIAVI reported a strong finish to fiscal year 2021 with a record $1.20 billion in revenue and non-GAAP EPS at $0.83. Fiscal Q4 posted record revenue and non-GAAP profitability for a June quarter as it exceeded the high end of the guidance range in revenue, non-GAAP operating margin and non-GAAP EPS.

VIAVI Solutions reported strong Q3 fiscal year 2021 results, with revenue exceeding the high end of guidance at $303.4 million and a non-GAAP operating margin of 20.2%. Non-GAAP EPS reached the high end of the range at $0.18.

VIAVI announced second quarter fiscal 2021 results with net revenue of $299.9 million and non-GAAP EPS of $0.23, which exceeded their guidance. OSP experienced stronger than expected demand. NSE revenue rebounded sequentially.

VIAVI reported first quarter fiscal 2021 results with net revenue of $284.7 million, GAAP net income of $14.3 million, or $0.06 per share, and non-GAAP net income of $48.3 million, or $0.21 per share.

VIAVI announced its Q4 fiscal year 2020 results, with a net revenue of $266.6 million, a GAAP EPS of $0.12, and a non-GAAP EPS of $0.18.

VIAVI's Q3 2020 revenue was below guidance due to the COVID-19 pandemic, but disciplined OPEX management allowed them to meet non-GAAP EPS guidance. The NSE segment was most affected by the pandemic, while the OSP segment saw some late-quarter customer order increases. The company has a strong balance sheet with over $530 million in cash and a $300 million line of credit.

VIAVI announced Q2 fiscal year 2020 results with net revenue of $313.7 million. GAAP net income was $28.0 million, or $0.12 per share, while non-GAAP net income was $55.6 million, or $0.23 per share.