Financial Performance - Net revenue for Q2 FY 2025 was $270.8 million, an increase of $16.3 million or 6.4% year-over-year[4] - GAAP net income was $9.1 million, a decrease of $1.6 million or 15.0% year-over-year, whereas non-GAAP net income rose to $29.4 million, an increase of $5.7 million or 24.1% year-over-year[4] - Net revenue for the three months ended December 28, 2024, was $270.8 million, up from $254.5 million for the same period last year, representing a growth of 6.3%[22] - For the six months ended December 28, 2024, net revenue was $509.0 million, compared to $502.4 million in the same period last year, showing a modest increase of 1.3%[22] Profitability Metrics - GAAP operating margin was 8.2%, down 60 basis points year-over-year, while non-GAAP operating margin improved to 14.9%, up 170 basis points year-over-year[4] - The company reported a GAAP diluted EPS of $0.04, down $0.01 or 20.0% year-over-year, while non-GAAP diluted EPS was $0.13, up $0.02 or 18.2% year-over-year[4] - Gross profit increased to $160.8 million, with a gross margin of 59.4%, compared to $148.0 million and a gross margin of 58.2% in the prior year[22] - Operating income for the three months ended December 28, 2024, was $22.2 million, reflecting an operating margin of 8.2%, compared to $22.4 million and an operating margin of 8.8% in the same period last year[22] - Non-GAAP operating income for the six months ended December 28, 2024, was $33.7 million, reflecting a non-GAAP operating margin of 6.6%[22] - Non-GAAP measures for net income for the three months ended December 28, 2024, were $29.4 million, with an EPS of $0.13, compared to $23.7 million and $0.11 for the same period in 2023[32] Cash Flow and Assets - Cash flows from operations for the quarter ended December 28, 2024, were $44.7 million[11] - As of December 28, 2024, the company held $512.8 million in total cash, short-term investments, and short-term restricted cash[11] - Total assets decreased to $1,725.1 million from $1,736.3 million, a decline of 0.9%[19] - Total current liabilities remained stable at $248.0 million, slightly up from $247.1 million[19] - Long-term debt increased to $639.3 million from $636.0 million, indicating a slight rise in leverage[19] Segment Performance - The Network Enablement segment generated $179.0 million in revenue, a 26.4% increase quarter-over-quarter[4] - Americas, Asia-Pacific, and EMEA customers represented 42.9%, 34.6%, and 22.5% of total net revenue, respectively[11] Acquisitions and Charges - The acquisition of Inertial Labs, Inc. was completed on January 28, 2025, enhancing the company's capabilities[5] - The company incurred acquisition and integration-related charges of $2.8 million for the three months ended December 28, 2024[32] Other Financial Metrics - Adjusted EBITDA for the three months ended December 28, 2024, was $50.1 million, compared to $43.0 million for the same period in 2023[37] - Stock-based compensation for the six months ended December 28, 2024, amounted to $26.4 million, compared to $23.7 million for the same period in 2023[37] - The change in fair value of contingent liability for the six months ended December 28, 2024, was $(7.4) million, compared to $(8.4) million for the same period in 2023[37] - Total related to cost of revenue and operating expenses for the three months ended December 28, 2024, was $18.2 million, representing 6.7% of revenue, compared to $11.3 million and 4.4% for the same period in 2023[32]

Core Viewpoint - Viavi Solutions Inc. will announce its fiscal second quarter 2025 financial results on January 30, 2025, after market close [1] Financial Results Announcement - The earnings call is scheduled for 1:30 p.m. PST / 4:30 p.m. EST on the same day [2] - A live webcast and replay of the call will be available on the VIAVI website [2] Participation Details - Telephone participation can be done via a toll-free dial-in number: 1 (888) 330-2022 and a toll dial-in number: 1 (646) 960-0690 [3] - The conference ID for the call is 3072689 [3] - Replay of the call will be available from January 30, 2025, 4:30 p.m. PST to February 6, 2025, 8:59 p.m. PST [3] Company Overview - 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 Insights - VIAVI Solutions Inc. has launched the TeraVM AI RAN Scenario Generator (AI RSG), enhancing its RAN Intelligent Controller (RIC) Test platform to create a RAN digital twin that simulates real-world conditions in the lab [1][3] - The AI RSG is part of a test and optimization portfolio aimed at supporting developers bidding for the NTIA Public Wireless Supply Chain Innovation Fund (PWSCIF) focusing on Software Solutions for Industry Verticals and Integration Automation [1][4] Company Overview - VIAVI is a global provider of network test, monitoring, and assurance solutions across various sectors including telecommunications, cloud, and military [5] - The company has over 100 years of experience in testing and securing communications networks, making it a trusted partner for network data optimization using AI and machine learning [4][5] Product Features - The AI RSG can simulate up to 10,000 user equipment (UEs) and between 1,000 to 5,000 cells per reference server, with deployment options in cloud environments or dedicated servers [3] - It allows users to import real-world maps to create UE profiles, train AI and ML applications, and test app decisions in realistic network environments [6] Strategic Importance - VIAVI has been awarded PWSCIF funding through previous notices, establishing its credibility and expertise in the field [4] - The company aims to streamline 5G and Open RAN deployments with its Automated Lab-as-a-Service for Open RAN (VALOR™), enhancing decision-making with precise geolocation insights [6]

Group 1: Core Contribution to NASA's Mission - Viavi Solutions Inc. is providing a precision order sorting filter for NASA's Europa Clipper mission, specifically for the Mapping Imaging Spectrometer for Europa (MISE) [1][2] - The Europa Clipper mission, launched on October 14, 2024, aims to explore Jupiter's moon Europa and assess its potential for harboring life [2] - MISE will map the distribution of various compounds in Europa's subsurface ocean, including organics, salts, acid hydrates, and water ice phases [2] Group 2: Technical Aspects of the Filter - The precision order sorting filter integrates three key capabilities: photolithographically patterned bandpass filters, a linear variable filter (LVF), and optics in a Butcher Block configuration, enabling high-resolution spectral data capture in the infrared range from 0.8 to 5 micrometers [3] - Viavi faced several technical challenges during the filter's development, including managing precise wavelength progression and ensuring co-planarity of assembled optics [4] Group 3: Market Position and Stock Performance - The collaboration with NASA enhances Viavi's reputation in space-grade optical technology and positions the company favorably in the growing space technology market, potentially leading to incremental revenue and future deals [5] - Viavi's stock has gained 2.3% over the past year, contrasting with the industry's growth of 79% [6]

Core Insights - VIAVI Solutions Inc. has contributed a precision order sorting filter for NASA's Europa Clipper mission, specifically for the Mapping Imaging Spectrometer for Europa (MISE) [1][2] - The MISE instrument is crucial for analyzing the surface composition of Europa and assessing the habitability of its subsurface ocean by mapping organics, salts, acid hydrates, and water ice [2][4] - The filter integrates advanced technologies, including photolithographically-patterned bandpass filters and a Linear Variable Filter (LVF), addressing significant technical challenges in its development [3] Company Overview - VIAVI Solutions is a global provider of network test, monitoring, and assurance solutions across various sectors, including telecommunications, cloud, military, and aerospace [5] - The company is recognized for its leadership in light management technologies applicable to diverse industries such as consumer electronics, automotive, and government [5] Mission Details - The Europa Clipper mission was launched on October 14, 2024, and is set to orbit Jupiter starting in April 2030, conducting 49 flybys of Europa to gather detailed data [4] - Data from MISE and other instruments will provide critical insights into Europa's potential to support life [4]

Company Overview - Viavi Solutions Inc. is a leading provider of network test, monitoring, and service enablement solutions across diverse sectors globally, offering end-to-end network visibility and analytics [8] - The company also provides high-performance thin film optical coatings for various markets, including anti-counterfeiting, 3D sensing, electronics, automotive, defense, and instrumentation [8] Earnings Estimates - Three analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.02 to $0.38 per share [9] - Viavi Solutions has an average earnings surprise of 9.4%, indicating a positive trend in earnings performance [9] Investment Ratings - Viavi Solutions currently holds a Zacks Rank of 3 (Hold) and has a Momentum Style Score of B, with shares increasing by 4.8% over the past four weeks [20] - The company also has a VGM Score of B, suggesting a solid overall performance in value, growth, and momentum [20][21] Investment Strategy - For optimal investment success, it is recommended to consider stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, which increases the probability of achieving significant returns [17] - Stocks with a 3 (Hold) rank should also have Style Scores of A or B to maximize upside potential [17]

Group 1: Acquisition Details - Viavi Solutions Inc. has entered into a definitive agreement to acquire Inertial Labs, Inc. for $150 million, with potential contingent payments of up to $175 million over the next four years [1][2] - The acquisition is expected to close in the third quarter of fiscal 2025, subject to regulatory approvals and customary closing conditions [1] Group 2: Inertial Labs Overview - Inertial Labs is a leading developer and supplier of high-performance orientation, positioning, and navigation solutions, with products including Inertial Measurement Units and Inertial Navigation Systems [2] - The company's offerings are particularly relevant to aerospace, defense, and industrial applications, which will complement Viavi's existing product portfolio [2] Group 3: Strategic Alignment - Inertial Labs' solutions support utility inspection and smart navigation systems for airborne and autonomous ground vehicles, aligning with Viavi's strategy to expand into industrial and autonomous transportation markets [3] - This acquisition represents a significant step for Viavi into autonomous systems across military and industrial sectors [3] Group 4: Financial Impact - The acquisition is expected to generate approximately $50 million in incremental revenues in upcoming quarters and be accretive to earnings within the first year of closing [5] - Viavi's strong presence in over 125 countries is anticipated to enhance its Network and Service Enablement business [5] Group 5: Market Position and Performance - Viavi's stock has gained 14.6% over the past year, while the industry has seen a growth of 76.4% [6] - The company is currently ranked 3 (Hold) by Zacks, indicating a stable outlook [8]

 Strategic acquisition extends VIAVI's reach into aerospace, defense and industrial end markets  Broadens VIAVI's portfolio with highly complementary product offerings  Accelerates entry into high growth applications such as autonomous air, land and sea systems CHANDLER, Ariz., Dec. 13, 2024 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that it has signed a definitive agreement to acquire Inertial Labs, Inc. for initial consideration of $150 million at closing and up to $175 ...

Windstream Wholesale, a leading provider of advanced network solutions, has achieved a significant milestone in global connectivity by completing the world’s first trial of 800 Gigabit Ethernet (800GbE) service in collaboration with VIAVI Solutions Inc. (VIAV) and Colt Technology Services. This pioneering test, bolstered by Nokia Corporation’s (NOK) cutting-edge Photonic Service Interconnect-Modular (PSI-M) platform, connected London with Chicago over an impressive 8,500 km route encompassing subsea and ter ...

Solution selected by Micron, Smart Modular Technologies to advance CXL ecosystem VIAVI CXL testing solutions will be demonstrated at SC24, November 18-21 CHANDLER, Ariz., Nov. 12, 2024 /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that the VIAVI Xgig® CXL Exerciser has received CXL 2.0 Gold Suite certification from the Compute Express Link® Consortium. This certification enables the Xgig CXL Exerciser to qualify CXL devices for inclusion in the CXL v2.0 Integrators List, and co ...