Viavi Solutions Inc

Latest Results (14.08.2024):

Revenue Decline

Viavi Solutions Inc. reported net revenue of $252.0 million for the fourth quarter of fiscal year 2024, which represents a decrease of $11.6 million or 4.4% year-over-year. For the entire fiscal year 2024, the company recorded net revenue of $1.0 billion, down $105.7 million or 9.6% compared to the previous year.

Operating Margins

The GAAP operating margin for Viavi Solutions Inc. in the fourth quarter of fiscal year 2024 was (2.3)%, a decline of 680 basis points year-over-year. On a non-GAAP basis, the operating margin was 10.9%, down 80 basis points from the same period last year. For the full fiscal year 2024, the GAAP operating margin was 2.1%, down 530 basis points year-over-year, while the non-GAAP operating margin was 11.5%, down 410 basis points.

Earnings Per Share

Viavi Solutions Inc. reported a GAAP loss per share of $(0.10) for the fourth quarter of fiscal year 2024, a decrease of $0.10 year-over-year. On a non-GAAP basis, the diluted earnings per share were $0.08, down $0.02 or 20.0% year-over-year. For the full fiscal year 2024, the GAAP earnings per share were $(0.12), down $0.23 or 209.1% year-over-year, while the non-GAAP diluted earnings per share were $0.33, down $0.22 or 40.0%.

Segment Performance

In the fourth quarter of fiscal year 2024, Viavi Solutions Inc.'s Network Enablement segment generated $158.5 million in revenue, down 9.7% year-over-year. The Service Enablement segment saw a revenue increase of 5.8% year-over-year to $23.7 million, while the Optical Security and Performance Products segment reported $69.8 million in revenue, up 6.2% year-over-year.

Business Outlook

For the first quarter of fiscal year 2025, Viavi Solutions Inc. expects net revenue to be between $235 million to $245 million. The company also anticipates non-GAAP earnings per share to be in the range of $0.05 to $0.07. This outlook reflects the company's expectation of a gradual recovery in Network and Service Enablement demand in the second half of fiscal 2025.