Equity Profile

VIAV

Viavi Solutions Inc.

Information TechnologyCommunications Equipment$10.6B

Aug6Thu

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

Viavi Solutions Inc. is a technology company that specializes in communications equipment and network performance management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors will closely monitor.

$0.27

Revenue Growth

Revenue growth is vital for assessing the company's market demand and operational efficiency, especially in a competitive sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

VIAV Q4-2026 Earnings Preview

Context

Company Snapshot

Viavi Solutions Inc. is a technology company that specializes in communications equipment and network performance management. With a market cap of $11 billion, it plays a crucial role in the growing demand for connectivity and network optimization, which are essential in today's digital landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+211.66%

Avg Stock Reaction

+1.61%

Last Quarter Recap

In Q3-2026, Viavi reported an EPS of $0.27, significantly beating expectations by nearly 46%. The stock reacted positively, gaining over 5% the following day.

Management Promises & Guidance

Continued focus on expanding their product offerings in network performance management.
Commitment to enhancing customer service and support.
Plans to invest in research and development to drive innovation.

Expectations

Wall Street Expectations

Overall, investors are optimistic about Viavi's upcoming earnings, especially given their strong track record of beating EPS estimates in recent quarters.

Bull Case

If Viavi continues its trend of exceeding EPS expectations, it could signal strong operational performance and market demand, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the high implied volatility in the options market.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.27

EPS is a key indicator of the company's profitability and financial health, which investors will closely monitor.

Revenue Growth

N/A

Revenue growth is vital for assessing the company's market demand and operational efficiency, especially in a competitive sector.

Gross Margin

N/A

Gross margin reflects the company's ability to manage production costs and pricing strategies, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q4-2026, and how does it compare to previous quarters?

Given Viavi's strong history of EPS surprises, this number will be critical in shaping investor sentiment and stock performance.

What guidance will management provide for revenue growth in the upcoming quarters?

Future revenue guidance will help investors gauge the company's growth trajectory and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Viavi's ability to sustain its EPS growth, particularly given its recent performance and market positioning.

Supporting Evidence

Viavi has consistently beaten EPS estimates, with a 100% beat rate over the last eight quarters.

The implied move of 13.91% suggests traders expect significant volatility, which may reflect underlying confidence in the company's performance.

The historical average move of 2.26% indicates that options are pricing in more volatility than has typically occurred.

Key Risk

If EPS comes in below $0.25, it could lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Viavi can maintain its growth momentum amid increasing competition and market changes.

Bull Confirmed If

An EPS of $0.30 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.25 would signal potential issues in revenue generation and cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±13.91%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect notable volatility around the earnings report.

Options are pricing ±13.9% while VIAV has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

76.5%

Calls (648K)P/C Ratio: 1.18Puts (107K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Viavi beats expectations, history suggests the stock could rise by around 1.61%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may react neutrally, reflecting uncertainty in future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 0.14%, indicating investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in network performance management.
2Details on customer acquisition and retention strategies.
3Insights into cost management and margin improvement efforts.
4Comments on competitive pressures and market share dynamics.
5Future guidance on revenue and EPS expectations.

See the full picture

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Company Snapshot

Viavi Solutions Inc. is a technology company that specializes in communications equipment and network performance management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors will closely monitor.

$0.27

Revenue Growth

Revenue growth is vital for assessing the company's market demand and operational efficiency, especially in a competitive sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

VIAV Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+211.66%

Avg Stock Reaction

+1.61%

Last Quarter Recap

In Q3-2026, Viavi reported an EPS of $0.27, significantly beating expectations by nearly 46%. The stock reacted positively, gaining over 5% the following day.

Management Promises & Guidance

Continued focus on expanding their product offerings in network performance management.
Commitment to enhancing customer service and support.
Plans to invest in research and development to drive innovation.

Expectations

Wall Street Expectations

Overall, investors are optimistic about Viavi's upcoming earnings, especially given their strong track record of beating EPS estimates in recent quarters.

Bull Case

If Viavi continues its trend of exceeding EPS expectations, it could signal strong operational performance and market demand, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the high implied volatility in the options market.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.27

EPS is a key indicator of the company's profitability and financial health, which investors will closely monitor.

Revenue Growth

N/A

Revenue growth is vital for assessing the company's market demand and operational efficiency, especially in a competitive sector.

Gross Margin

N/A

Gross margin reflects the company's ability to manage production costs and pricing strategies, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q4-2026, and how does it compare to previous quarters?

Given Viavi's strong history of EPS surprises, this number will be critical in shaping investor sentiment and stock performance.

What guidance will management provide for revenue growth in the upcoming quarters?

Future revenue guidance will help investors gauge the company's growth trajectory and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Viavi's ability to sustain its EPS growth, particularly given its recent performance and market positioning.

Supporting Evidence

Viavi has consistently beaten EPS estimates, with a 100% beat rate over the last eight quarters.

The implied move of 13.91% suggests traders expect significant volatility, which may reflect underlying confidence in the company's performance.

The historical average move of 2.26% indicates that options are pricing in more volatility than has typically occurred.

Key Risk

If EPS comes in below $0.25, it could lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Viavi can maintain its growth momentum amid increasing competition and market changes.

Bull Confirmed If

An EPS of $0.30 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.25 would signal potential issues in revenue generation and cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±13.91%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect notable volatility around the earnings report.

Options are pricing ±13.9% while VIAV has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

76.5%

Calls (648K)P/C Ratio: 1.18Puts (107K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Viavi beats expectations, history suggests the stock could rise by around 1.61%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may react neutrally, reflecting uncertainty in future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 0.14%, indicating investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in network performance management.
2Details on customer acquisition and retention strategies.
3Insights into cost management and margin improvement efforts.
4Comments on competitive pressures and market share dynamics.
5Future guidance on revenue and EPS expectations.