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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.
Net revenue of $238.2 million, down 3.9% year-over-year.
GAAP operating margin of 4.8%, down 170 bps year-over-year.
GAAP net loss of $1.8 million, down 118.4% year-over-year.
Non-GAAP diluted earnings per share (EPS) of $0.06, down 33.3% year-over-year.
For the second quarter of fiscal 2025 ending December 28, 2024, the Company expects net revenue to be between $255 million to $265 million and non-GAAP EPS to be between $0.09 to $0.11.