Viavi Solutions: How Long Will The Robust Growth in Aerospace and Defense Products Last?

Viavi Solutions’ second quarter of fiscal year 2024 displayed promising results amid ongoing market challenges. Revenue reached $254.5 million, surpassing the company’s guidance of between $240 million and $260 million. The revenue figure saw an increase of 2.7% from the previous quarter, though it dipped by 10.5% on a year-over-year basis. The company’s operating margin witnessed a rise of 80 basis points from the preceding quarter, ultimately reaching 13.2%. Despite exceeding the guidance high point of 9.6% to 12.8%, the operating margin saw a decrease of 300 basis points on a year-over-year basis. EPS at $0.11 also exceeded the company’s projected range of $0.06 to $0.10 and saw an increase of $0.02 sequentially, although the EPS showed a decrease of $0.03 on a year-over-year basis.