---
schema_version: "secwatch.filing_event.v1"
accession: "0000912093-23-000008"
form_type: "8-K"
ticker: "VIAV"
cik: "0000912093"
company_name: "VIAVI SOLUTIONS INC."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T03:12:50.025139+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Viavi reports Q2 revenue miss, 9.6% decline; announces restructuring of 5% workforce

## Summary
- Q2 revenue $284.5M (down 9.6% YoY); GAAP EPS $0.04 (down 71.4%); non-GAAP EPS $0.14 (down 41.7%).
- GAAP operating margin 8.0%, down 770 bps; non-GAAP 16.2%, down 710 bps.
- Restructuring plan approved: ~5% workforce cut, ~$15M charges, completion by end FY2023.
- CEO cited stabilization signs in NSE; OSP segment grew YoY; YTD cash flow from ops >$70M.

## SEC filing metadata
- accession: 0000912093-23-000008
- form_type: 8-K
- ticker: VIAV
- cik: 0000912093
- company_name: VIAVI SOLUTIONS INC.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912093/000091209323000008/0000912093-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912093/000091209323000008/viav-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912093-23-000008
- JSON: https://secwatch.observer/filing/0000912093-23-000008.json
- Plain text: https://secwatch.observer/filing/0000912093-23-000008.txt

## Key facts
- Earnings Releases
  VIAVI SOLUTIONS INC. reported preliminary financial results for its fiscal second quarter ended December 31, 2022.
  - Period: its fiscal second quarter ended December 31, 2022
  - Result: preliminary results
  source text: On February 2, 2023, Viavi Solutions Inc. (the “Company”) reported its preliminary results for its fiscal second quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912093/000091209323000008/0000912093-23-000008-index.htm
- Restructurings & Charges
  VIAVI SOLUTIONS INC. announced a restructuring with charges of approximately $15 million (approximately 5% of its global workforce).
  - Type: restructuring
  - Charge: approximately $15 million
  - Headcount: approximately 5% of its global workforce
  source text: On February 1, 2023, the Company approved a restructuring and workforce reduction plan (the “Plan”) intended to improve operational efficiencies and better align the Company’s workforce with current business needs and strategic growth opportunities. The Company expects approximately 5% of its global workforce to be affected and estimates it will incur charges of approximately $15 million in connection with the Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912093/000091209323000008/0000912093-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.