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Jul 01, 2023
Viavi Q4 2023 Earnings Report
VIAVI's Q4 2023 financial results were announced, showing a decrease in revenue and earnings per share compared to the same quarter last year, but exceeding the higher end of guidance.
Key Takeaways
VIAVI reported Q4 net revenue of $263.6 million, a decrease of 21.4% year-over-year. GAAP EPS was $0.00, down 100.0% year-over-year, and non-GAAP EPS was $0.10, down 58.3% year-over-year. The company saw initial signs of stabilization and gradual recovery during the quarter, with revenue coming in above the higher end of the guidance range.
Net revenue for Q4 2023 was $263.6 million, a decrease of 21.4% year-over-year.
GAAP operating margin decreased to 4.5%, down 980 bps year-over-year.
GAAP EPS was $0.00, a decrease of $0.07 or 100.0% year-over-year.
Non-GAAP EPS was $0.10, a decrease of $0.14 or 58.3% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of fiscal 2024, VIAVI expects net revenue to be between $240 million and $260 million, and non-GAAP earnings per share to be between $0.09 and $0.11.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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