Viavi Q3 revenue down 21.5% to $247.8M, GAAP EPS $(0.07)

VIAVI SOLUTIONS INC.

2023-Q3 EPS reported $0.11 revenue$842,500,000

Net revenue $247.8M, down 21.5% YoY from $315.5M; GAAP net loss $(15.4)M vs net income $19.2M YoY.
GAAP EPS $(0.07) vs $0.08 YoY; Non-GAAP EPS $0.08 vs $0.22 YoY, down 63.6%.
GAAP operating margin (0.8)%, down 1,370 bps; Non-GAAP operating margin 11.4%, down 1,010 bps YoY.
CEO: Q3 results within revised guidance; lower NEMs and semi R&D spend hurt NSE; early signs of field instrument stabilization and recovery.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VIAVI SOLUTIONS INC. reported fiscal third quarter ended April 1, 2023 results: revenue $247.8 million, net income $(15.4) million, EPS $(0.07).

Period: fiscal third quarter ended April 1, 2023
Revenue: $247.8 million
Net income: $(15.4) million
EPS: $(0.07)
Result: preliminary results

Exact text from the filing

Third quarter of fiscal 2023 net revenue was $247.8 million. GAAP net loss was $(15.4) million, or $(0.07) per share.

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Source: SEC EDGAR

accession 0000912093-23-000022

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