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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.
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 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.