secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000912093-23-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000022/0000912093-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000022/viav-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000912093-23-000022

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