Viavi reports Q1 non-GAAP EPS 6c, consensus 6c

Reports Q1 revenue $238.2M, consensus $240.1M. “VIAVI’s (VIAV) Q1FY25 revenue came in slightly below the midpoint of our guidance, with weaker demand in NSE partially offset by stronger OSP performance. On a positive side, we are starting to see a pickup in the NSE order momentum with our advanced fiber products such as 800G and recently announced 1.6Tb, being particularly strong. This aligns with our expectations for the beginning of NSE demand recovery in second half of FY25,” said CEO Oleg Khaykin.