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Oct 01, 2022
Viavi Q1 2023 Earnings Report
Reported first quarter fiscal 2023 results, with revenue below expectations due to a slowdown in order placement by service providers, but delivered the midpoint of non-GAAP EPS guidance through disciplined OPEX management.
Key Takeaways
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.
Net revenue was $310.2 million, a decrease of 5.1% year-over-year.
GAAP operating margin was 16.1%, an increase of 170 bps year-over-year.
Non-GAAP operating margin was 21.7%, a decrease of 100 bps year-over-year.
GAAP EPS was $0.14, an increase of 158.3% year-over-year.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal 2023, VIAVI expects net revenue between $261 million and $281 million, and non-GAAP earnings per share between $0.10 and $0.12.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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