VIAVI Announces Fiscal Fourth Quarter and Fiscal Year 2025 Results

About this update from Viavi Solutions Inc.

[{"type":"text","content":"CHANDLER, Ariz., Aug. 7, 2025 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its fiscal fourth quarter and fiscal year ended June 28, 2025 with the following highlights.\n\n \n \n \n \n \n \n\n \nFiscal Fourth Quarter\nNet revenue of $290.5 million, up $38.5 million or 15.3% year-over-yearGAAP operating margin of 5.3%, up 760 bps year-over-yearNon-GAAP operating margin of 14.4%, up 350 bps year-over-yearGAAP net income of $8.0 million, up $29.7 million or 136.9% year-over-yearNon-GAAP net income of $29.7 million, up $12.6 million or 73.7% year-over-year GAAP diluted earnings per share (EPS) of $0.04, up $0.14 or 140.0% year-over-yearNon-GAAP diluted EPS of $0.13, up $0.05 or 62.5% year-over-yearFiscal Year 2025\nNet revenue of $1.08 billion, up $83.9 million or 8.4% year-over-yearGAAP operating margin of 5.3%, up 320 bps year-over-yearNon-GAAP operating margin of 14.2%, up 270 bps year-over-yearGAAP net income of $34.8 million, up $60.6 million or 234.9% year-over-yearNon-GAAP net income of $105.4 million, up $31.9 million or 43.4% year-over-year GAAP diluted EPS of $0.15, up 0.27 or 225.0% year-over-yearNon-GAAP diluted EPS of $0.47, up $0.14 or 42.4% year-over-year\"VIAVI had a strong finish to Fiscal 2025,with fourth quarter performance at high end of our guidance. During the year, we saw stabilization in our base businesses, the service provider test and measurement segment and optical security pigments. Our recovery was further accelerated by the high growth in our data center ecosystem and aerospace & defense segments. We expect the positive momentum in our end markets to continue through calendar year 2025,\" said Oleg Khaykin, VIAVI's President and Chief Executive Officer.\nFinancial Overview:\nThe tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled \"Use of Non-GAAP (Adjusted) Financial Measures.\"\n Fiscal Fourth Quarter Ended June 28, 2025\nGAAP Results\nQ4\nQ3\nQ4\nChange\nFY 2025\nFY 2025\nFY 2024\nQ/Q\nY/Y\nNet revenue\n$ 290.5\n$ 284.8\n$ 252.0\n2.0 %\n15.3 %\nGross margin\n56.3 %\n56.4 %\n57.8 %\n(10) bps\n(150) bps\nOperating marg...

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