Q1 2025 Viavi Solutions Inc Earnings Call Transcript
Key Points
- Viavi Solutions Inc (VIAV) reported stronger-than-expected demand in the OSP segment, driven by anti-counterfeiting and 3D sensing products.
- The company is seeing signs of stabilization and recovery in the NSE segment, with expectations for stronger performance in the second half of fiscal 2025.
- Viavi Solutions Inc (VIAV) launched the Valor Lab in Chandler, Arizona, enhancing its capabilities in testing for the OpenRAN ecosystem.
- The company introduced the industry's first 1.6 terabits per second high-speed Ethernet testing for AI workloads, positioning itself as a leader in the data center and high-performance computing markets.
- Viavi Solutions Inc (VIAV) has maintained a strong cash position with total cash and short-term investments of $497.9 million at the end of Q1.
- Net revenue for the quarter was $238.2 million, slightly below the midpoint of the guidance range and down 3.9% year-over-year.
- Operating margin for the first fiscal quarter was at the low end of the guidance range, decreasing 90 basis points from the prior quarter.
- NSE revenue was at the low end of the guidance range, driven by slower order pace from service providers for field instruments.
- The SE segment experienced a 12.7% decline in revenue year-over-year, primarily due to conservative spending by enterprise customers.
- Cash flow from operating activities decreased significantly to $13.5 million from $50.3 million in the same period last year.
Hello, everyone. My name is Tamika and welcome to Viavi Solutions fiscal first quarter, 2025 earnings call, all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. I will now turn the conference over to Vibhuti Nayar.
They are via Solutions head of Investor relations. Please go ahead.
Thank you, Tamika.
Good afternoon, everyone.
Welcome to Viv Solutions fiscal first quarter, 2025 earnings call.
My name is Vui Naer Head of Investor Relations for Via V Solutions with me on the call today is Oleg Hakel, our President and CEO and Ilan Vasca. Our CFO please note this call will include forward-looking statements about the company's financial performance.
These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations and estimations.
We encourage you to review our most recent annual
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