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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.
Revenue by Segment
Revenue by Geographic Location
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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