secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000912093-22-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viavi Q1 FY2023 revenue $310.2M, down 5.1% YoY; GAAP EPS $0.14, non-GAAP EPS $0.23
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- Net revenue $310.2M (-5.1% YoY); GAAP net income $32.6M ($0.14 EPS) vs loss of $54.8M (-$0.24) a year ago.
- Non-GAAP net income $52.5M ($0.23 EPS) vs $58.2M ($0.24) prior year; non-GAAP operating margin 21.7% (-100 bps YoY).
- GAAP operating margin 16.1% (+170 bps YoY); NSE segment hit by rapid service provider slowdown; OSP segment exceeded guidance.
- Cash and investments over $510M; management cites strong balance sheet to manage near-term macro uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209322000062/0000912093-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209322000062/viav-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000912093-22-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer