NASDAQ$VIAV
Viavi Solutions · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter fiscal 2023 results, with revenue below expectations due to a slowdown in order placement by service providers, but delivered the midpoint of non-GAAP EPS guidance through disciplined OPEX management.
VIAVI announced its first quarter fiscal 2023 results, with net revenue of $310.2 million and GAAP EPS of $0.14. The company's performance was impacted by a slowdown in order placement within the NSE business segment, though disciplined OPEX management helped achieve the midpoint of non-GAAP EPS guidance.
- Net revenue was $310.2 million, a decrease of 5.1% year-over-year.
- GAAP operating margin was 16.1%, an increase of 170 bps year-over-year.
- Non-GAAP operating margin was 21.7%, a decrease of 100 bps year-over-year.
- GAAP EPS was $0.14, an increase of 158.3% year-over-year.
Headline financials
Revenue & EPS history
Viavi · Revenue · Quarterly
$310M
Revenue by segment
Viavi · $91.3M total across 1 segment · Q1 2023
- Optical Security and Performance Products$91.3M-7.7%100.0%
Forward guidance
For the second quarter of fiscal 2023, VIAVI expects net revenue between $261 million and $281 million, and non-GAAP earnings per share between $0.10 and $0.12.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.1%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+0.6%
Avg return
30 days after
55%
37 / 67 earnings
Positive
+20.5%
Q2 2025
Best reaction
-24.7%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +6.2% | +1.1% | -7.3% | |
| Q2 2026 | +17.4% | -0.8% | +20.3% | |
| Q1 2026 | +2.6% | +2.0% | +4.9% | |
| Q3 2025 | -12.2% | -15.4% | -14.5% | |
| Q2 2025 | +20.5% | +26.8% | +11.9% | |
| Q1 2025 | +4.3% | +3.4% | +5.2% | |
| Q4 2024 | -1.9% | +2.8% | +6.3% | |
| Q3 2024 | -4.5% | -6.1% | -5.1% | |
| Q2 2024 | -3.5% | -8.1% | -1.0% | |
| Q1 2024 | +8.8% | +7.3% | +9.7% | |
| Q4 2023 | -3.2% | -5.5% | -8.8% | |
| Q3 2023 | +0.2% | +1.9% | +9.1% | |
| Q2 2023 | +2.0% | -0.3% | -6.3% | |
| Q1 2023 | -24.7% | -26.9% | -23.6% | |
| Q4 2022 | +1.4% | +2.0% | -6.5% | |
| Q3 2022 | +2.7% | -0.9% | +3.4% | |
| Q2 2022 | +4.2% | +5.7% | -2.2% | |
| Q1 2022 | -4.3% | -5.9% | -5.8% | |
| Q4 2021 | -0.7% | -0.2% | -0.3% | |
| Q3 2021 | -3.4% | +0.1% | +5.6% | |
| Q2 2021 | +1.3% | +3.8% | -3.3% | |
| Q1 2021 | +3.3% | +3.4% | +8.8% | |
| Q4 2020 | -0.5% | -3.3% | -19.8% | |
| Q3 2020 | -3.5% | -2.1% | +8.2% | |
| Q2 2020 | +5.5% | -0.2% | -9.0% | |
| Q1 2020 | +8.6% | +7.4% | +2.2% | |
| Q4 2019 | -2.6% | -1.6% | +4.8% | |
| Q3 2019 | +3.0% | +1.9% | -9.7% | |
| Q2 2019 | +7.5% | +6.0% | +12.7% | |
| Q1 2019 | -5.9% | -6.8% | -12.1% | |
| Q4 2018 | -4.6% | +0.6% | +3.1% | |
| Q3 2018 | +2.5% | +4.9% | +1.6% | |
| Q2 2018 | +16.6% | +16.4% | +14.1% | |
| Q1 2018 | -6.3% | -4.3% | -1.1% | |
| Q4 2017 | -1.5% | -6.1% | -7.6% | |
| Q3 2017 | +2.8% | +12.1% | +14.4% | |
| Q2 2017 | +5.1% | +4.4% | +10.6% | |
| Q1 2017 | +0.7% | +2.5% | +7.3% | |
| Q4 2016 | +0.3% | +4.4% | +3.4% | |
| Q3 2016 | -3.5% | — | — | |
| Q2 2016 | +16.8% | — | — | |
| Q1 2016 | +6.2% | — | — | |
| Q4 2015 | -10.5% | — | — | |
| Q3 2015 | -5.1% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | -0.5% | — | — | |
| Q4 2014 | +0.2% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | +4.7% | — | — | |
| Q1 2014 | -5.4% | — | — | |
| Q4 2013 | +0.4% | — | — | |
| Q3 2013 | -3.7% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | +1.9% | — | — | |
| Q3 2012 | -2.3% | — | — | |
| Q2 2012 | +8.2% | — | — | |
| Q1 2012 | -7.1% | — | — | |
| Q4 2009 | +5.6% | — | — | |
| Q4 2011 | +5.6% | — | — | |
| Q3 2010 | -0.7% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2011 | +7.9% | — | — | |
| Q2 2010 | +7.9% | — | — | |
| Q1 2010 | -0.3% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q4 2010 | -0.3% | — | — |
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