VIAVI Solutions Inc. reported its fiscal third quarter results for the period ended March 29, 2025, on May 1, 2025. The company announced net revenue of $284.8 million, an increase of 15.8% year-over-year and 5.2% sequentially. Non-GAAP earnings per share (EPS) was $0.15, a substantial increase of 150.0% year-over-year and 15.4% sequentially.
The Network and Service Enablement (NSE) segment continued its strong performance, with revenue increasing by 23.9% year-over-year to $188.0 million. The Optical Security and Performance Products (OSP) segment also contributed positively, with revenue slightly improving by 0.5% year-over-year to $76.6 million. Non-GAAP operating margin for the company reached 16.7%, a significant increase of 740 basis points year-over-year and 180 basis points sequentially.
For the fourth fiscal quarter of 2025, VIAVI expects net revenue to be between $278 million and $290 million, with non-GAAP EPS projected between $0.10 and $0.13. CEO Oleg Khaykin stated that VIAVI delivered strong results driven by strength in both NSE and OSP, successfully managing through the rapidly changing macro environment. He expressed optimism regarding the continued recovery and growth in the company's end markets, despite a cautious outlook for Q4 due to an estimated $3 million impact from absorbed U.S. tariffs.
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