Financial Data and Key Metrics Changes - Viavi Solutions reported Q2 revenue of $314.8 million, a 5% increase year-over-year, exceeding guidance of $296 million to $310 million [7] - The operating profit margin reached a record 23.3%, expanding 100 basis points year-over-year and exceeding the guidance range of 20% to 21% [8] - EPS was $0.24, a quarterly record high, up 4.3% year-over-year, surpassing the guidance range of $0.18 to $0.20 [8] Business Segment Data and Key Metrics Changes - The NSE segment achieved record revenue of $244.2 million, up 18.1% year-over-year, exceeding guidance of $230 million to $240 million [9] - Within NSE, NE revenue increased 18.5% to $214.4 million, driven by fiber and wireless products, while SE revenue was $29.8 million, up 15.5% year-over-year [10] - OSP segment revenue was $70.6 million, down 24.2% year-over-year, but slightly above the high end of guidance [13] Market Data and Key Metrics Changes - The demand for fiber and wireless products in the NE segment showed double-digit growth, with fiber field products achieving a new revenue record [25] - The company noted a strong demand for 5G field instruments and expects continued momentum throughout 2022 [26][44] - The OSP business segment's anti-counterfeiting products revenue decreased due to moderated demand from central banks [31] Company Strategy and Development Direction - The company plans to continue improving its capital structure and financial flexibility to execute growth objectives, including a share repurchase program of up to $190 million [19] - Viavi expects to maintain a strong performance in the SE segment, targeting growth at double the rate of the NSE business [60] - The company anticipates a shift towards fiber and wireless technology in the long term, with strong demand for 400-gig optical transport [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving record revenue and non-GAAP profitability for the first half of fiscal 2022 [24] - The company expects a favorable supply chain situation by mid-calendar 2022, which could enhance revenue potential [29] - Management acknowledged challenges in labor and supply chain as potential constraints but sees opportunities in automation and software solutions [85] Other Important Information - The company reported total cash and short-term investments of $738.5 million, up $89.7 million year-over-year [15] - Operating cash flow for the quarter was $22.2 million, a decrease due to non-recurring tax payments and increased inventory levels [16] - The company redeemed approximately 40% of its convertible notes, reducing the outstanding balance significantly [17] Q&A Session Summary Question: Insights on OSP business and 5G adoption - Management indicated that the anti-counterfeiting business is expected to stabilize at a higher run rate than pre-pandemic levels, with a new normal in the high 50s [39] - Regarding 5G, there is increasing demand for both wireless and fiber products, with expectations for continued growth [44] Question: Impact of supply chain disruptions - Management noted that without supply chain challenges, gross margins could improve by 1-2 percentage points, and revenue could increase by $5 million to $10 million [49] Question: Future revenue targets and growth rates - Management anticipates that NSE growth could move into the higher single digits, with a focus on fiber and wireless segments [68] Question: 5G field instruments and market share - Management sees a potential market of $300 million for 5G field instruments, targeting a market share of 25% to 33% [74] Question: Maintaining share gains amid supply chain normalization - Management believes that once share is gained, it becomes a new normal due to training and integration of their equipment into customer operations [83]

| --- | --- | --- | --- | |------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Fiscal 2Q 2022 Earnings Call Supplementary Slides | | | | | February 3, 2022 | | | | Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements under Section 27A of the Securities Act of 1934. Forward-looking statements are all statements we make other than those dealing specifically with historical matters. These forw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 02, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

Viavi Solutions Inc. (NASDAQ:VIAV) Q3 2021 Earnings Conference Call November 4, 2021 4:30 PM ET Company Participants Bill Ong - Head, Investor Relations Oleg Khaykin - President and CEO Henk Derksen - Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Alex Henderson - Needham Tim Savageaux - Northland Capital Michael Genovese - WestPark Capital Meta Marshall - Morgan Stanley Mehdi Hosseini - SFG Richard Shannon - Craig-Hallum Operator Ladies and gentlemen, thank you so much for ...

| --- | --- | --- | --- | --- | |----------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | Fiscal 1Q 2022 Earnings Call Supplementary Slides | | | | | | November 4, 2021 | | | | | Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements under Section 27A of the Securities Act of 1934. Forward-looking statements are all statements we make other than those dealing specifically with historical matters. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 3, 2021 Commission File Number 000-22874 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) Delaware 94-2579683 (State or other jurisdiction of inc ...

| --- | --- | --- | --- | |------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Fiscal 4Q 2021 Earnings Call Supplementary Slides | | | | | August 12, 2021 | | | | Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements under Section 27A of the Securities Act of 1934. Forward-looking statements are all statements we make other than those dealing specifically with historical matters. These forwa ...

Viavi Solutions Inc. (NASDAQ:VIAV) Q4 2021 Earnings Conference Call August 12, 2021 4:30 PM ET Company Participants Bill Ong - Head, Investor Relations Oleg Khaykin - President and CEO Henk Derksen - Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Alex Henderson - Needham John Marchetti - Stifel Tim Savageaux - Northland Capital Michael Genovese - WestPark Capital Meta Marshall - Morgan Stanley Dave Kang - B. Riley Fahad Najam - MKM Partners Operator Good day and thank you f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 3, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation ...