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Viavi Solutions Inc. (VIAV) delivers essential network test, measurement solutions and optical technologies powering modern communications infrastructure. This dedicated news hub provides investors and technology professionals with authoritative updates on Viavi's innovations in network assurance, fiber sensing, and anti-counterfeiting solutions.
Access real-time announcements including earnings reports, product launches, and strategic partnerships shaping next-generation networks. Our curated feed features Viavi's advancements in Open RAN testing methodologies, optical coating developments, and critical infrastructure monitoring solutions serving telecom operators and government agencies.
Bookmark this page for verified updates on Viavi's role in enabling 5G deployments, cloud network optimization, and mission-critical optical systems. Discover how their testing platforms ensure network interoperability while maintaining compliance with global industry standards.
VIAVI reported its second quarter fiscal 2023 results, with net revenue of $284.5 million, a decline of 9.6% year-over-year. GAAP net income was $8.4 million or $0.04 per share, down 71.4% from the prior year. Non-GAAP EPS also fell to $0.14, a 41.7% decrease. Despite a strong cash flow generation exceeding $70 million in the first half, the company initiated a restructuring plan affecting 5% of its workforce with estimated charges of $15 million. For Q3 2023, the company forecasts revenues between $256 million and $276 million with non-GAAP EPS of $0.10 to $0.12.
VIAVI Solutions Inc. (NASDAQ: VIAV) is set to disclose its fiscal second quarter 2023 financial results for the period ending December 31, 2022, on February 2, 2023, after market close. An earnings call will take place at 1:30 PM PT, where the results will be discussed. Investors can access the live webcast via the VIAVI investor relations website. The quarterly earnings press release, supplementary slides, and historical financial tables will be made available in the "Quarterly Results" section of their website.
Viavi Solutions Inc. (VIAV) announced its participation in the Fall 2022 O-RAN PlugFest, organized by the O-RAN ALLIANCE, showcasing its technology's growing acceptance in the industry. This event involved extensive testing across multiple countries and included contributions from major vendors like Nokia. The PlugFest enabled benchmarking, validation, and testing of O-RAN specifications, emphasizing interoperability and performance. Viavi's test suite supports comprehensive testing for O-RAN networks, facilitating the commercialization of O-RAN technology.
VIAVI Solutions (NASDAQ: VIAV) has published its 15th consecutive State of the Network survey, emphasizing that 70% of IT teams prioritize end-user experience. Despite this focus, challenges such as network visibility and problem domain isolation persist, particularly with the growing demand for bandwidth. Key findings indicate that 57% of organizations plan to adopt 800Gb connectivity by 2024, while 49% of IT teams dedicate significant time to troubleshooting Unified Communications and Collaboration (UCC) issues. Most organizations believe the benefits of cloud modernization outweigh its costs.
On November 17, 2022, Viavi Solutions (NASDAQ: VIAV) announced the opening of a new production facility in Chandler, Arizona. This facility enhances U.S. manufacturing capacity and reinforces the company's local presence, following its global headquarters move. The facility has an initial capital investment of nearly $100 million and is projected to contribute $50 million in payroll taxes. Viavi reported $1.3 billion in revenue for FY 2022 and aims to expand its capabilities in optical technologies.
Viavi Solutions (VIAV) announced a partnership with VMware on Nov. 9, 2022, to establish a Testbed as a Service for RAN Intelligent Controller (RIC) testing. This collaboration aims to standardize frameworks and metrics, facilitating mobile operators' adoption of Open RAN. The RIC will optimize resources through analytic processing, helping to reduce costs and introduce new services. Viavi, a leader in Open RAN testing, will support operators in validating solutions, expediting their transition to production environments.
VIAVI reported a net revenue of $310.2 million for Q1 fiscal 2023, reflecting a 5.1% decline year-over-year. Despite the revenue drop, GAAP EPS surged 158.3% to $0.14, compared to a loss of $0.24 in Q1 2022. Non-GAAP EPS decreased 4.2% to $0.23. The operating margin improved to 16.1%, marking a 170 basis points increase year-over-year. Net income was $32.6 million. Looking ahead, the company forecasts Q2 net revenue between $261 million and $281 million with non-GAAP EPS between $0.10 and $0.12.
Viavi Solutions Inc. (NASDAQ: VIAV) will release its fiscal Q1 2023 financial results on November 3, 2022, after market close. The earnings call is scheduled for 1:30 PM PDT (4:30 PM EDT) and will be accessible via webcast on the VIAVI website. Investors can participate by calling the toll-free number (888) 330-2384. This announcement follows the period ended October 1, 2022. Additional resources, including the earnings press release and financial tables, will be available online for stakeholders.
VIAVI Solutions Inc. (NASDAQ: VIAV) announced the acquisition of Jackson Labs Technologies, a leader in Position, Navigation and Timing (PNT) solutions. This strategic move enhances VIAVI's offerings in military and civilian applications, complementing their timing and synchronization portfolio. Jackson Labs' advanced technology is poised to meet the growing PNT requirements in defense, telecommunications, and transportation sectors. This acquisition is expected to expand Jackson Labs' global reach while improving operational scale for VIAVI.
Viavi Solutions (NASDAQ: VIAV) is presenting cutting-edge testing solutions at ECOC 2022 in Basel, Switzerland, focusing on advances in Optical Transport Networks (OTN). The company is highlighting its ONT-800 platform that supports OTN standards up to 400 Gbps, enhancing network capacity management. Additionally, VIAVI is involved in a multi-vendor OIF interoperability event, showcasing its technology's readiness for widescale deployment.
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