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Apr 01, 2023
Viavi Q3 2023 Earnings Report
Viavi's Q3 2023 results declined due to lower NEMs and semiconductor R&D spend, but saw stabilization in field instruments demand.
Key Takeaways
Viavi reported Q3 fiscal year 2023 net revenue of $247.8 million, a decrease of 21.5% year-over-year. GAAP EPS was $(0.07), down 187.5% year-over-year, while non-GAAP EPS was $0.08, a decrease of 63.6% year-over-year. The company saw stabilization of demand for field instruments.
Net revenue was $247.8 million, down 21.5% year-over-year.
GAAP operating margin was (0.8)%, down 1,370 bps year-over-year.
Non-GAAP operating margin was 11.4%, down 1,010 bps year-over-year.
Non-GAAP EPS was $0.08, down 63.6% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of fiscal 2023, VIAVI expects net revenue to be between $242 million and $262 million, and non-GAAP earnings per share to be between $0.07 and $0.09.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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