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Dec 30, 2023
Viavi Q2 2024 Earnings Report
Reported stronger than expected results, driven by demand in specific segments and a richer margin revenue mix.
Key Takeaways
VIAVI announced its Q2 Fiscal Year 2024 results, with revenue at $254.5 million and a GAAP EPS of $0.05. The company's performance was stronger than expected, driven by demand for 400G/800G Fiber, Mil/Aero, and SE products and a richer margin revenue mix.
Net revenue was $254.5 million, a decrease of 10.5% year-over-year.
GAAP operating margin was 8.8%, an increase of 80 bps year-over-year.
Non-GAAP operating margin was 13.2%, a decrease of 300 bps year-over-year.
GAAP diluted EPS was $0.05, an increase of $0.01 or 25.0% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of fiscal 2024, VIAVI expects net revenue to be between $245 million and $253 million, and non-GAAP EPS to be between $0.05 and $0.09.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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