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Mar 30, 2024
Viavi Q3 2024 Earnings Report
Reported results for the third fiscal quarter ended March 30, 2024.
Key Takeaways
VIAVI's third quarter fiscal 2024 net revenue was $246.0 million. GAAP net loss was $(24.6) million, or $(0.11) per share. Non-GAAP net income was $13.2 million, or $0.06 per share. The company's revenue came in at the lower end of their guidance, with stronger OSP demand partially offsetting weaker than expected NSE demand.
Net revenue was $246.0 million, down 0.7% year-over-year.
GAAP operating margin was (4.8)%, down 400 bps year-over-year.
Non-GAAP operating margin was 9.3%, down 210 bps year-over-year.
GAAP diluted EPS was $(0.11), down $0.04 or 57.1% 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 2024 ending June 29, 2024, the Company expects net revenue to be between $246 million to $258 million and non-GAAP EPS to be between $0.06 to $0.08.