Core Insights - VIAVI Solutions reported strong financial performance for the fiscal fourth quarter and fiscal year ended June 28, 2025, with net revenue reaching $290.5 million, a 15.3% increase year-over-year [4][6] - The company experienced stabilization in its core businesses and significant growth in the data center ecosystem and aerospace & defense segments, with expectations for continued positive momentum through calendar year 2025 [4][9] Fiscal Fourth Quarter - Net revenue for Q4 was $290.5 million, up from $252.0 million in Q4 FY 2024, representing a 15.3% increase [6][8] - GAAP operating margin improved to 5.3%, an increase of 760 basis points year-over-year, while non-GAAP operating margin was 14.4%, up 350 basis points [6][8] - GAAP net income was $8.0 million, a significant increase of 136.9% year-over-year, with diluted EPS of $0.04, up 140.0% [6][8] Fiscal Year 2025 - Total net revenue for FY 2025 was $1.08 billion, an increase of 8.4% from $1.00 billion in FY 2024 [8][6] - GAAP net income for the year was $34.8 million, up 234.9% year-over-year, with diluted EPS of $0.15, a 225.0% increase [6][8] - The company reported a non-GAAP operating margin of 14.2%, up 270 basis points year-over-year [8][6] Revenue by Segment - For FY 2025, the Network and Service Enablement segment generated $776.6 million, a 10.6% increase from FY 2024, while Optical Security and Performance Products generated $307.7 million, a 3.1% increase [8][7] - In Q4, the Network and Service Enablement segment contributed $209.1 million, and Optical Security and Performance Products contributed $81.4 million, reflecting year-over-year growth of 14.8% and 16.6%, respectively [7][6] Business Outlook - For Q1 FY 2026, the company expects net revenue to be between $290 million to $298 million and non-GAAP EPS to be between $0.13 to $0.14 [9]

Group 1 - Viavi Solutions Inc. will announce its fiscal fourth quarter and fiscal 2025 financial results on August 7, 2025, after market close [1] - The earnings call will take place at 1:30 p.m. PT / 4:30 p.m. ET, with a live webcast available on the VIAVI website [2] - A replay of the earnings call will be accessible from August 7, 2025, 4:30 p.m. PT to August 14, 2025, 8:59 p.m. PT [3] Group 2 - VIAVI Solutions is a global provider of network test, monitoring, and assurance solutions across various sectors including telecommunications, cloud, and military [4] - The company is also a leader in light management technologies for applications in 3D sensing, anti-counterfeiting, and consumer electronics [4]

Core Viewpoint - VIAVI Solutions reported strong financial results for the third quarter of fiscal 2025, driven by growth in both Network Service Enablement (NSE) and Optical Security and Performance (OSP) segments, with optimism for continued recovery in end markets [3][5]. Financial Overview - Net revenue reached $284.8 million, an increase of $38.8 million or 15.8% year-over-year [5][6]. - GAAP operating margin was 3.0%, up 780 basis points year-over-year, while non-GAAP operating margin was 16.7%, up 740 basis points year-over-year [5][6]. - GAAP net income was $19.5 million, a significant increase of $44.1 million or 179.3% year-over-year [5][6]. - Non-GAAP net income was $33.9 million, up $20.7 million or 156.8% year-over-year [5][6]. - GAAP diluted earnings per share (EPS) was $0.09, up $0.20 or 181.8% year-over-year, while non-GAAP diluted EPS was $0.15, up $0.09 or 150.0% year-over-year [5][6]. Segment Performance - Network Enablement segment generated $188.0 million in revenue, up 23.9% year-over-year [4][5]. - Service Enablement segment revenue was $20.2 million, an increase of 11.6% year-over-year [4][5]. - Optical Security and Performance Products segment revenue was $76.6 million, showing a slight increase of 0.5% year-over-year [4][5]. Cash and Debt Position - As of March 29, 2025, the company held $400.2 million in total cash, short-term investments, and short-term restricted cash [6]. - The company had $250 million in 1.625% Senior Convertible Notes and $400 million in 3.75% Senior Notes, with a total net carrying value of $640.9 million [6]. Business Outlook - For the fourth quarter of fiscal 2025, the company expects net revenue to be between $278 million and $290 million, with non-GAAP EPS projected between $0.10 and $0.13 [8].