secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000912093-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209324000007/0000912093-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209324000007/viav-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000912093-24-000007

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