secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000912093-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209324000026/0000912093-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209324000026/viav-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000912093-24-000026

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