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VIAVI Announces Third Quarter Fiscal 2025 Results
CHANDLER, Ariz., May 1, 2025 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its third quarter ended March 29, 2025 with the following
About this update from Viavi Solutions Inc.
[{"type":"text","content":"CHANDLER, Ariz., May 1, 2025 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its third quarter ended March 29, 2025 with the following highlights.\n\n \n \n \n \n \n \n\n \nThird Quarter\nNet revenue of $284.8 million, up $38.8 million or 15.8% year-over-yearGAAP operating margin of 3.0%, up 780 bps year-over-yearNon-GAAP operating margin of 16.7%, up 740 bps year-over-yearGAAP net income of $19.5 million, up $44.1 million or 179.3% year-over-yearNon-GAAP net income of $33.9 million, up $20.7 million or 156.8% year-over-year GAAP diluted earnings per share (EPS) of $0.09, up $0.20 or 181.8% year-over-yearNon-GAAP diluted EPS of $0.15, up $0.09 or 150.0% year-over-year\"VIAVI delivered strong results driven by strength in both NSE and OSP. To date, we have been successful in managing through the rapidly changing macro environment and remain optimistic regarding the continued recovery and growth in our end markets,\" said Oleg Khaykin, VIAVI's President and Chief Executive Officer.\nFinancial Overview:\nThe tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled \"Use of Non-GAAP (Adjusted) Financial Measures.\"\nThird Quarter Ended March 29, 2025\nGAAP Results\nQ3\nQ2\nQ3\nChange\nFY 2025\nFY 2025\nFY 2024\nQ/Q\nY/Y\nNet revenue\n$ 284.8\n$ 270.8\n$ 246.0\n5.2 %\n15.8 %\nGross margin\n56.4 %\n59.4 %\n56.1 %\n(300) bps\n30 bps\nOperating margin\n3.0 %\n8.2 %\n(4.8) %\n(520) bps\n780 bps\nIncome (loss) from operations\n$ 8.5\n$ 22.2\n$ (11.9)\n(61.7) %\n171.4 %\nNet income (loss) per share\n0.09\n0.04\n(0.11)\n125.0 %\n181.8 %\nNon-GAAP Results\nQ3\nQ2\nQ3\nChange\nFY 2025\nFY 2025\nFY 2024\nQ/Q\nY/Y\nGross margin\n60.0 %\n61.1 %\n57.9 %\n(110) bps\n210 bps\nOperating margin\n16.7 %\n14.9 %\n9.3 %\n180 bps\n740 bps\nIncome from operations\n$ 47.7\n$ 40.4\n$ 23.0\n18.1 %\n107.4 %\nEarnings per share \n0.15\n0.13\n0.06\n15.4 %\n150.0 %\nNet Revenue by Segment \nQ3\nQ2\nQ3\nChange\nFY 2025\nFY 2025\nFY 2024\nQ/Q\nY/Y\nNetwork Enablement\n$ 188.0\n$ 179.0\n$ 151.7\n5.0 %\n23.9 %\nService Enablement\n20.2\n20.9\n18.1\n(3.3) %\n11.6 %\nOptical Security and Perf...