NASDAQ$VIAV

Viavi Solutions · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

VIAVI's Q4 2024 financial results were announced, revealing a slight revenue decrease and mixed segment performance.

VIAVI reported Q4 2024 net revenue of $252.0 million, a decrease of 4.4% year-over-year. GAAP EPS was $(0.10), while non-GAAP diluted EPS was $0.08. The company's revenue came in at the midpoint of guidance, with stronger OSP revenues offsetting softer NSE demand.

  • Net revenue was $252.0 million, down 4.4% year-over-year.
  • GAAP operating margin was (2.3)%, a decrease of 680 bps year-over-year.
  • Non-GAAP operating margin was 10.9%, down 80 bps year-over-year.
  • GAAP EPS was $(0.10), down $0.10 year-over-year.

Headline financials

Total Revenue

$252M

Previous: $264M-4.4%
EPS (adj)

$0.08

Previous: $0.10-20.0%
GAAP Gross Margin

57.8%

No prior period
Non-GAAP Gross Margin

59.6%

No prior period
GAAP Operating Margin

-2.3%

No prior period
Non-GAAP Operating Margin

10.9%

Previous: 11.7%-6.8%
Adjusted EBITDA

$36.9M

No prior period
Capital Expenditures

$3.8M

No prior period
Net Income

-$21.7M

Previous: -$100K-21600.0%
Operating Income

-$5.7M

Previous: $11.8M-148.3%
Gross Profit

$146M

Previous: $146M-0.3%
R&D Expense

$52.5M

No prior period
Stock-Based Comp

$12.8M

No prior period

Revenue & EPS history

Viavi · Revenue · Quarterly

$252M

Q4 2024-4.4%vs Q4 2023
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 first quarter of fiscal 2025 ending September 28, 2024, the Company expects net revenue to be between $235 million to $245 million and non-GAAP EPS to be between $0.05 to $0.07.

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 Q4 2024

Historical avgQ4 2024

+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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