Viavi Solutions Inc ( (VIAV) ) has released its Q1 earnings. Here is a breakdown of the information Viavi Solutions Inc presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Viavi Solutions Inc. is a global provider specializing in network test, monitoring, and assurance solutions across various sectors, including telecommunications, cloud, and aerospace, known for its light management technologies in applications such as 3D sensing and anti-counterfeiting.
In the first quarter of fiscal 2025, Viavi Solutions Inc. reported a net revenue of $238.2 million, marking a 3.9% year-over-year decline. Despite a net GAAP loss of $1.8 million, the company highlighted a promising uptick in order momentum for its advanced fiber products, indicating potential future growth.
The financial report showed a decrease in both GAAP and non-GAAP operating margins, with a recorded GAAP operating margin of 4.8% and a non-GAAP margin of 10.0%. The Optical Security and Performance Products segment, however, saw a 12.9% quarter-over-quarter revenue increase, contrasting with declines in other segments. Cash flow from operations remained positive at $13.5 million, and total cash and investments were reported at $497.9 million.
Looking ahead, Viavi Solutions Inc. anticipates a revenue increase for the second quarter of fiscal 2025, with projected revenues between $255 million to $265 million and a non-GAAP EPS ranging from $0.09 to $0.11. This outlook reflects the company’s expectation for recovery in demand, particularly in its Network and Service Enablement segment.
