VIAVI Q1 FY2024 net revenue $247.9M (-20% YoY); GAAP EPS $0.04, Non-GAAP $0.09

VIAVI SOLUTIONS INC.

2024-Q1 EPS reported $0.04 revenue$247,900,000

Net revenue $247.9M, down 20.1% YoY from $310.2M; slightly below guidance mid-point.
GAAP operating margin 6.5% (down 960 bps YoY); Non-GAAP operating margin 12.4% (down 930 bps).
GAAP diluted EPS $0.04 (down 71.4% YoY); Non-GAAP diluted EPS $0.09 (down 60.9% YoY).
CEO cites challenging North America service provider spending; OSP demand helped offset weaker telecom.
Non-GAAP operating margin slightly below low-end of guidance range; higher taxes from geographic mix.

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 preliminary financial results for its fiscal first quarter ended September 30, 2023.

Period: its fiscal first quarter ended September 30, 2023
Result: preliminary results

Exact text from the filing

On November 2, 2023, Viavi Solutions Inc. (the “Company”) reported its preliminary results for its fiscal first quarter ended September 30, 2023.

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VIAVI SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0000912093-23-000056

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