Viavi Q3 fiscal 2024 revenue $246M, GAAP EPS -$0.11, non-GAAP EPS $0.06; cites challenging environment

VIAVI SOLUTIONS INC.

2024-Q3 EPS reported -$0.02 revenue$748,400,000

Net revenue $246.0M, down 0.7% YoY; GAAP net loss $24.6M (EPS -$0.11) vs loss $15.4M a year ago.
Non-GAAP EPS $0.06, down from $0.08 YoY; non-GAAP operating margin 9.3% vs 11.4% YoY.
CEO cites challenging spend environment; revenue at lower end of guidance; weaker NSE demand partially offset by stronger OSP.
GAAP operating margin (4.8%), down 400 bps from prior year; sequentially declined from positive margin in Q2.

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