Filing Flows › Viavi Solutions (VIAV) › Q3 FY25
Viavi Solutions (VIAV) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 2, 2025
Viavi Solutions (VIAV) reported revenue of $285M for the third quarter fiscal 2025 (Q3 FY25), +16% from a year earlier and +5% from the quarter before. Operating margin was 3.0%, net earnings $19.5M (6.8% of revenue).
Viavi Solutions, Q3 FY25: revenue $285M (+16% year over year), operating margin 3.0%, net earnings $19.5M, operating cash flow $7.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $285M | +5% | +16% |
| Gross profit | $161M | -0.1% | +17% |
| Operating profit | $8.5M | -62% | — |
| Net earnings | $19.5M | +114% | — |
| Operating cash flow | $7.8M | -83% | -60% |
| Free cash flow | $1.0M | -97% | -94% |
What changed
Revenue was $284.8M in Q3 FY25, up 16% year over year and up 5% from the previous quarter. Product revenue was the largest line at 85% of revenue. Product revenue added $34.2M year over year (up 16%), 88% of the total change.
Gross margin was 56.4%, up 0.4 points from a year earlier. Operating profit was $8.5M, a 3.0% margin (up 7.8 points year over year). Operating expenses grew 2% against revenue growth of 16%. Net earnings were $19.5M. The tax line was a benefit of $16.3M on pre-tax earnings of $3.2M.
Operating cash flow was $7.8M (down 60% year over year), 40% of net earnings. Non-cash charges added back $10.5M of depreciation and amortization and $14.1M of share-based compensation. Working capital and other items used $36.3M. Capital expenditures of $6.8M left free cash flow of $1.0M.
Questions
What was Viavi Solutions' revenue in the third quarter fiscal 2025?
Viavi Solutions (VIAV) reported revenue of $285M for the third quarter fiscal 2025 (Q3 FY25), +16% from a year earlier and +5% from the quarter before.
Was Viavi Solutions profitable in the third quarter fiscal 2025?
Operating profit was $8.5M (3.0% of revenue) and net earnings $19.5M.
Source: Viavi Solutions 10-Q on SEC EDGAR.