VIAVI Releases Fiscal Third-Quarter Financial Results
Thursday, May 06, 2021 | Comments

VIAVI reported results for its third fiscal quarter that ended April 3.

Net revenue for the third quarter was $303.4 million. Generally accepted accounting principles (GAAP) net income was $11.8 million, or $0.05 per share. Non-GAAP net income was $42.3 million, or $0.18 per share.

Net revenue for the second quarter of fiscal 2021 was $299.9 million. GAAP net income was $21.9 million, or $0.09 per share. Non-GAAP net income was $52.1 million, or $0.23 per share. Net revenue for the third quarter of fiscal 2020 was $256.2 million. GAAP net loss was $32.8 million, or $0.14 per share. Non-GAAP net income was $32 million, or $0.14, per share.

"Fiscal Q3 2021 posted record revenue and non-GAAP profitability for a March quarter, typically a seasonally weak quarter period,” said VIAVI President and CEO Oleg Khaykin. “VIAVI exceeded the high end of the guidance range with the revenue at $303.4 million and non-GAAP operating margin at 20.2%. Non-GAAP EPS at $0.18 reached the high end of the range. NSE revenue continued to see strong recovery momentum and exceeding our expectations, up 12.9% from a year ago levels led by strength in fiber, cable and wireless.”

For the fourth quarter of fiscal 2021 ending July 3, the Company expects net revenue to be between $290 million to $310 million and non-GAAP earnings per share (EPS) to be between $0.18 and $0.20.

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