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Apr 03, 2021
Viavi Q3 2021 Earnings Report
Reported record revenue and non-GAAP profitability for a March quarter.
Key Takeaways
VIAVI Solutions reported strong Q3 fiscal year 2021 results, with revenue exceeding the high end of guidance at $303.4 million and a non-GAAP operating margin of 20.2%. Non-GAAP EPS reached the high end of the range at $0.18.
Net revenue of $303.4 million, up 18.4% year-over-year.
GAAP operating margin of 11.8%, up 820 bps year-over-year.
Non-GAAP operating margin of 20.2%, up 540 bps year-over-year.
GAAP EPS of $0.05, up 135.7% year-over-year.
Viavi
Viavi
Viavi Revenue by Segment
Revenue by Segment
Optical Security and Performance Products Revenue
CapyFin.com Forward Guidance
For the fourth quarter of fiscal 2021, the company expects net revenue to be between $290 million to $310 million and non-GAAP earnings per share to be between $0.18 and $0.20.
Positive Outlook
- NSE revenue is expected to continue to strengthen, driven by strong demand for Field Instruments and Lab Equipment.
- OSP revenue is expected to be significantly up year-on-year.
Challenges Ahead
- OSP revenue is expected to be sequentially down from a very strong fiscal Q3.
- Lower Anti-Counterfeiting demand is expected.
- Seasonally weaker 3D Sensing demand is expected.