NASDAQ$VIAV
Viavi Solutions · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
VIAVI reported a net revenue of $256.2 million and non-GAAP EPS of $0.14 for Q3 2020.
VIAVI's Q3 2020 revenue was below guidance due to the COVID-19 pandemic, but disciplined OPEX management allowed them to meet non-GAAP EPS guidance. The NSE segment was most affected by the pandemic, while the OSP segment saw some late-quarter customer order increases. The company has a strong balance sheet with over $530 million in cash and a $300 million line of credit.
- Net revenue was $256.2 million, a decrease of 3.4% year-over-year.
- GAAP operating margin was 3.6%, up 60 bps year-over-year.
- Non-GAAP operating margin was 14.8%, up 10 bps year-over-year.
- Non-GAAP EPS was $0.14, up $0.01 or 7.7% year-over-year.
Headline financials
Revenue & EPS history
Viavi · Revenue · Quarterly
$256M
Revenue by segment
Viavi · $69.2M total across 1 segment · Q3 2020
- Optical Security and Performance Products$69.2M+15.7%100.0%
Forward guidance
Due to macroeconomic and business uncertainty as a result of the COVID-19 global pandemic, VIAVI is not providing fiscal fourth quarter 2020 guidance. Fiscal fourth quarter revenue is expected to be sequentially flat to slightly better than fiscal third quarter 2020 driven by seasonal strength in NSE.
Tailwinds
- Fiscal fourth quarter revenue is expected to be sequentially flat to slightly better than fiscal third quarter 2020
- Seasonal strength in NSE
Headwinds
- Due to macroeconomic and business uncertainty
- COVID-19 global pandemic
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 Q3 2020
+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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