secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000912093-23-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VIAVI Q4 FY2023 revenue $263.6M, down 21.4% YoY; GAAP EPS $0.00, non-GAAP EPS $0.10
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- Net revenue $263.6M, down $71.7M (21.4%) YoY; above high end of guided range.
- GAAP operating margin 4.5% (down 980 bps); non-GAAP operating margin 11.7% (down 960 bps).
- GAAP EPS $0.00 vs $0.07 YoY; non-GAAP EPS $0.10 vs $0.24 YoY (down 58.3%).
- Full FY2023 net rev $1.1B, down 14.4% YoY; non-GAAP EPS $0.55, down 42.1% YoY.
- CEO notes initial stabilization signs; expects recovery momentum to continue through FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000034/0000912093-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000034/viav-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000912093-23-000034

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