secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000912093-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000008/0000912093-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000008/viav-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000912093-23-000008

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