NASDAQ$VIAV

Viavi Solutions · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Reported second quarter fiscal 2025 results, exceeding expectations driven by recovering NSE demand.

VIAVI's second quarter fiscal 2025 financial performance exceeded expectations, driven by recovering Network and Service Enablement (NSE) demand. Net revenue reached $270.8 million, a 6.4% increase year-over-year, with a GAAP operating margin of 8.2%. The company reported a GAAP net income of $9.1 million, or $0.04 per share, and a non-GAAP net income of $29.4 million, or $0.13 per share.

  • Net revenue of $270.8 million, up 6.4% year-over-year
  • GAAP operating margin of 8.2%, down 60 bps year-over-year
  • Non-GAAP operating margin of 14.9%, up 170 bps year-over-year
  • GAAP net income of $9.1 million, down 15.0% year-over-year

Headline financials

Total Revenue

$271M

Previous: $255M+6.4%
EPS (adj)

$0.13

Previous: $0.05+160.0%
GAAP Gross Margin

59.4%

No prior period
Non-GAAP Gross Margin

61.1%

No prior period
GAAP Operating Margin

8.2%

No prior period
Non-GAAP Operating Margin

14.9%

Previous: 13.2%+12.9%
Adjusted EBITDA

$50.1M

No prior period
Capital Expenditures

-$15.5M

Previous: -$12.5M-24.0%
Net Income

$9.1M

Previous: $10.7M-15.0%
Operating Income

$22.2M

Previous: $22.4M-0.9%
Gross Profit

$161M

Previous: $148M+8.6%
R&D Expense

$52.1M

Previous: $49.5M+5.3%
Stock-Based Comp

$13.7M

Previous: $12.5M+9.6%

Revenue & EPS history

Viavi · Revenue · Quarterly

$271M

Q2 2025+6.4%vs Q2 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Viavi · $77.5M total across 1 segment · Q1 2024

  • Optical Security and Performance Products
    $77.5M-15.1%

Forward guidance

For the third quarter of fiscal 2025 ending March 29, 2025, the Company expects net revenue to be between $276 million to $288 million and non-GAAP EPS to be between $0.10 to $0.13.

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 Q2 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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