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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.
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 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.