secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0000912093-23-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viavi prelim Q3 rev $246-248M vs guidance $256-276M; NSE weakness
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- Preliminary Q3 revenue $246-248M, below prior guidance of $256-276M.
- Non-GAAP operating margin expected 10.5-11.5% vs guidance 13.0-14.2%.
- NSE segment weakness due to higher than expected pullback in R&D spend at NEMs and semiconductor companies.
- OSP segment within expectations; cost reduction measures on schedule to complete by end of fiscal year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000016/0000912093-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000016/viav-20230417.htm
  HTML page:      https://secwatch.observer/filing/0000912093-23-000016

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