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Sep 30, 2023
Viavi Q1 2024 Earnings Report
VIAVI's first quarter of fiscal year 2024 results were announced, with revenue slightly below guidance due to challenging market conditions, particularly with North American service providers.
Key Takeaways
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.
Net revenue was $247.9 million, a decrease of 20.1% year-over-year.
GAAP operating margin was 6.5%, down 960 bps year-over-year.
Non-GAAP operating margin was 12.4%, down 930 bps year-over-year.
GAAP diluted EPS was $0.04, down 71.4% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of fiscal 2024, VIAVI expects net revenue to be between $240 million and $260 million, and non-GAAP EPS to be between $0.06 and $0.10.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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