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Dec 31, 2022
Viavi Q2 2023 Earnings Report
VIAVI's Q2 2023 results were announced with revenue above expectations, driven by service provider spend recovery.
Key Takeaways
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.
Net revenue decreased by 9.6% year-over-year to $284.5 million.
GAAP EPS decreased by 71.4% year-over-year to $0.04.
Non-GAAP EPS decreased by 41.7% year-over-year to $0.14.
The OSP business segment grew year-over-year and came in-line with expectations.
Viavi
Viavi
Viavi Revenue by Segment
Revenue by Segment
Optical Security and Performance Products Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal 2023, VIAVI expects net revenue to be between $256 million and $276 million, and non-GAAP earnings per share to be between $0.10 and $0.12.