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Jan 01, 2022
Viavi Q2 2022 Earnings Report
Reported second highest revenue quarter with a record non-GAAP operating margin.
Key Takeaways
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.
Net revenue increased by 5.0% year-over-year to $314.8 million.
GAAP operating margin increased by 160 bps year-over-year to 15.7%.
Non-GAAP operating margin increased by 100 bps year-over-year to a record 23.3%.
GAAP EPS increased by 16.7% year-over-year to $0.14, while non-GAAP EPS increased by 4.3% year-over-year to $0.24.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of fiscal 2022, the company expects net revenue to be between $301 million to $315 million and non-GAAP earnings per share to be between $0.20 to $0.22.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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