secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000912093-23-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000056/0000912093-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000056/viav-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000912093-23-000056

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