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VIAVI Announces Second Quarter Fiscal 2025 Results
CHANDLER, Ariz., Jan. 30, 2025 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its second quarter ended December 28, 2024 with the following
About this update from Viavi Solutions Inc.
[{"type":"text","content":"CHANDLER, Ariz., Jan. 30, 2025 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its second quarter ended December 28, 2024 with the following highlights.\n\n \n \n \n \n \n \n\n \nSecond Quarter\nNet revenue of $270.8 million, up $16.3 million or 6.4% year-over-yearGAAP operating margin of 8.2%, down 60 bps year-over-yearNon-GAAP operating margin of 14.9%, up 170 bps year-over-yearGAAP net income of $9.1 million, down $1.6 million or 15.0% year-over-yearNon-GAAP net income of $29.4 million, up $5.7 million or 24.1% year-over-year GAAP diluted earnings per share (EPS) of $0.04, down $0.01 or 20.0% year-over-yearNon-GAAP diluted EPS of $0.13, up $0.02 or 18.2% year-over-year\"VIAVI's financial performance exceeded expectations, largely driven by recovering NSE demand. We expect that the recovery in our traditional service provider end markets together with our diversification and growth opportunities in new end markets such as the data center ecosystem and aerospace and defense applications will position us favorably for a long term growth cycle,\" said Oleg Khaykin, VIAVI's President and Chief Executive Officer.\nFinancial Overview:\nThe tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled \"Use of Non-GAAP (Adjusted) Financial Measures.\"\nSecond Quarter Ended December 28, 2024\nGAAP Results\nQ2\nQ1\nQ2\nChange\nFY 2025\nFY 2025\nFY 2024\nQ/Q\nY/Y\nNet revenue\n$ 270.8\n$ 238.2\n$ 254.5\n13.7 %\n6.4 %\nGross margin\n59.4 %\n57.1 %\n58.2 %\n230 bps\n120 bps\nOperating margin\n8.2 %\n4.8 %\n8.8 %\n340 bps\n(60) bps\nIncome from operations\n$ 22.2\n$ 11.5\n$ 22.4\n93.0 %\n(0.9) %\nNet income (loss) per share\n0.04\n(0.01)\n0.05\n500.0 %\n(20.0) %\nNon-GAAP Results\nQ2\nQ1\nQ2\nChange\nFY 2025\nFY 2025\nFY 2024\nQ/Q\nY/Y\nGross margin\n61.1 %\n59.1 %\n60.0 %\n200 bps\n110 bps\nOperating margin\n14.9 %\n10.0 %\n13.2 %\n490 bps\n170 bps\nIncome from operations\n$ 40.4\n$ 23.9\n$ 33.7\n69.0 %\n19.9 %\nEarnings per share \n0.13\n0.06\n0.11\n116.7 %\n18.2 %\nNet Revenue by Segment \nQ2\nQ1\nQ2\nChange\nFY 2025\nFY 2025\nFY 2024\nQ/Q\nY/Y\nNetwork Enablement\n...