Viavi reports Q2 FY24 revenue $254.5M (-10.5% YoY); non-GAAP EPS $0.11 (-21.4%)

VIAVI SOLUTIONS INC.

2024-Q2 EPS reported $0.09 revenue$502,400,000

Net revenue $254.5M, down 10.5% YoY; GAAP EPS $0.05 (+25%), non-GAAP EPS $0.11 (-21.4%).
GAAP operating margin improved 80bps to 8.8%; non-GAAP operating margin fell 300bps to 13.2%.
CEO notes stronger-than-expected demand for 400G/800G Fiber, Mil/Aero, and SE products; expects near-term strength to offset Service Provider weakness.
Non-GAAP net income $23.7M vs $31.5M YoY; Q1 FY24 revenue was $247.9M, GAAP EPS $0.04.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VIAVI SOLUTIONS INC. reported preliminary financial results for fiscal second quarter ended December 30, 2023.

Period: fiscal second quarter ended December 30, 2023
Result: preliminary results

Exact text from the filing

On February 1, 2024, Viavi Solutions Inc. (the “Company”) reported its preliminary results for its fiscal second quarter ended December 30, 2023.

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Source: SEC EDGAR

accession 0000912093-24-000007

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