Viavi Solutions

Monitoring the situation for you (testing/yields edition):

$Viavi Solutions(VIAV.US) and $Formfactor(FORM.US) earnings: Extremely Bullish

So what does this mean?

Names like $Onto Innovation(ONTO.US) / $Camtek(CAMT.US) go brr. Throw in $TOWA (6315), since there's indication of aggressive memory production ramp.

Names like Msscorps / $Keysight Tech(KEYS.US) should go brrr.

Broader upstream yields, test, validation, and inspection for both memory + optical ecosystem go heavily BRRR. And it's a leading indicator for $Coherent Corp.(COHR.US), $Fabrinet(FN.US), $Lumentum(LITE.US), and others if they're ramping up production.

For $Viavi Solutions(VIAV.US):

-> $406.8M vs. $393M (beat) 42.8% Y/Y growth.

-> $.27 EPS vs $0.2-$0.24

Guidance was $427m-$437m, indicating acceleration.

For $Formfactor(FORM.US):

-> $226M, 32% Y/Y, $.56 EPS vs. $.45

-> margins increased a TON to 49% (which indicates pricing power).

-> Guidance was $.61 EPS, midpoint ~$240m revenue.

"Record demand for High Bandwidth Memory (HBM) and stronger "Foundry & Logic networking applications"

Basically the smaller yields/test ecosystem in general. BRRR.

Source: Serenity