Viavi Solutions Inc. (NASDAQ:VIAV) Q4 2024 Earnings Conference Call August 8, 2024 4:30 PM ET

Company Participants

Vibhuti Nayar - Head of Investor Relations
Ilan Daskal - Chief Financial Officer
Oleg Khaykin - President and Chief Executive Officer

Conference Call Participants

Ruben Roy - Stifel
Ryan Koontz - Needham
Mehdi Hosseini - SIG
Michael Genovese - Rosenblatt
Karan Juvekar - Morgan Stanley
Tim Savageaux - Northland Capital

Operator

Hello, everyone. My name is Emma. Welcome to the Viavi Solutions Fourth Quarter and Full Year 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session.

I will now turn the conference over to Vibhuti Nayar, Viavi Solutions, Head of Investor Relations. Please go ahead.

Vibhuti Nayar

Thank you, Emma. Good afternoon, everyone, and welcome to Viavi Solutions fourth quarter and full year 2024 earnings call. My name is Vibhuti Nayar, Head of Investor Relations for Viavi Solutions. And with me on today's call is Oleg Khaykin, our President and CEO; and Ilan Daskal, our CFO.

Please note, this call will include forward-looking statements about the company's financial performance. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations and estimations. We encourage you to review our most recent annual report and SEC filings, particularly the risk factors described in those filings.

The forward-looking statements, including the guidance that we provide during this call, are valid only as of today. Viavi undertakes no obligation to update these statements. Please also note that unless we state otherwise, all results discussed on this call, except revenue, are non-GAAP.

We reconcile these non-GAAP results to our preliminary GAAP financials and discuss their usefulness and limitations in today's earnings release. The release, as well as our supplemental earnings slides, which include historical financial tables, are available on Viavi's website at www.investor.viavisolutions.com.

Finally, we are recording today's call, and we will make the recording available on our website by 04:30 P.M. Pacific Time this evening.

Now, I would like to turn the call over to Ilan.

Ilan Daskal

Thank you, Vibhuti. Good afternoon, everyone. And now I would like to review the results of the fourth quarter of fiscal year 2024. Net revenue for the quarter was $252 million, which was at the midpoint of our guidance range of $246 million to $258 million. Revenue was up sequentially by 2.4%, and on a year-over-year basis was down 4.4%.