Equity Profile

VIAV

Viavi Solutions Inc.

Information TechnologyCommunications Equipment$8.7B

Aug6Thu

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

Viavi Solutions Inc. operates in the Information Technology sector, focusing on communications equipment....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well Viavi is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract new customers, which is vital for long-term success.

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. operates in the Information Technology sector, focusing on communications equipment. The company plays a crucial role in providing network performance and security solutions, which are increasingly important as demand for high-speed internet and data services grows.

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 of $0.18, which resulted in a positive market reaction. However, revenue figures were not disclosed, leaving some uncertainty about the overall financial health.

Management Promises & Guidance

Continue to innovate in network performance solutions.
Focus on expanding customer base in emerging markets.
Maintain cost management strategies to improve margins.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given Viavi's strong track record of beating EPS estimates. However, the lack of revenue guidance adds an element of uncertainty.

Bull Case

If Viavi continues its trend of strong EPS growth and reveals robust revenue figures, it could lead to significant stock appreciation as confidence in the company's growth prospects increases.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the quarter?

Revenue growth is critical for understanding the company's ability to scale and compete in the market, especially in a rapidly evolving tech landscape.

How will management address the competitive pressures in the communications equipment sector?

Insights into competitive strategies will help investors gauge Viavi's positioning and potential for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Viavi's recent product innovations, which could drive higher-than-expected revenue growth despite competitive pressures.

Supporting Evidence

Viavi's recent EPS surprises indicate strong operational performance that may not be fully reflected in current revenue expectations.

The options market pricing suggests that traders are anticipating a significant move, indicating underlying confidence in the company's growth potential.

Key Risk

If revenue growth exceeds 15%, it could significantly alter the market's perception of Viavi's competitive position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Viavi's ability to sustain its growth trajectory amidst increasing competition and market dynamics.

Bull Confirmed If

Revenue growth of 15% YoY or better, with gross margins exceeding 60%.

Bear Confirmed If

Revenue growth below 5%, indicating potential market share loss.

Pre-Earnings Positioning

Options Market

Implied Move

±13.91%

Historical Avg

±2.3%

Pricing rich

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

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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Viavi beats expectations and raises guidance, history suggests a potential stock increase of around 1.61% based on past performance.

In-Line / Cautious

An in-line report with cautious commentary could lead to a muted response, reflecting uncertainty in future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 0.14%, which could raise concerns about its growth strategy.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth and any specific segments driving that growth.
2Management's commentary on competitive landscape and market share.
3Updates on product innovations and their expected impact on future sales.
4Any guidance on cost management and margin expectations.
5Insights into customer demand trends in the communications equipment sector.

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Company Snapshot

Viavi Solutions Inc. operates in the Information Technology sector, focusing on communications equipment....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well Viavi is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract new customers, which is vital for long-term success.

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

Management Promises & Guidance

Continue to innovate in network performance solutions.
Focus on expanding customer base in emerging markets.
Maintain cost management strategies to improve margins.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given Viavi's strong track record of beating EPS estimates. However, the lack of revenue guidance adds an element of uncertainty.

Bull Case

If Viavi continues its trend of strong EPS growth and reveals robust revenue figures, it could lead to significant stock appreciation as confidence in the company's growth prospects increases.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the quarter?

Revenue growth is critical for understanding the company's ability to scale and compete in the market, especially in a rapidly evolving tech landscape.

How will management address the competitive pressures in the communications equipment sector?

Insights into competitive strategies will help investors gauge Viavi's positioning and potential for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Viavi's recent product innovations, which could drive higher-than-expected revenue growth despite competitive pressures.

Supporting Evidence

Viavi's recent EPS surprises indicate strong operational performance that may not be fully reflected in current revenue expectations.

The options market pricing suggests that traders are anticipating a significant move, indicating underlying confidence in the company's growth potential.

Key Risk

If revenue growth exceeds 15%, it could significantly alter the market's perception of Viavi's competitive position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Viavi's ability to sustain its growth trajectory amidst increasing competition and market dynamics.

Bull Confirmed If

Revenue growth of 15% YoY or better, with gross margins exceeding 60%.

Bear Confirmed If

Revenue growth below 5%, indicating potential market share loss.

Pre-Earnings Positioning

Options Market

Implied Move

±13.91%

Historical Avg

±2.3%

Pricing rich

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

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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Viavi beats expectations and raises guidance, history suggests a potential stock increase of around 1.61% based on past performance.

In-Line / Cautious

An in-line report with cautious commentary could lead to a muted response, reflecting uncertainty in future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 0.14%, which could raise concerns about its growth strategy.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth and any specific segments driving that growth.
2Management's commentary on competitive landscape and market share.
3Updates on product innovations and their expected impact on future sales.
4Any guidance on cost management and margin expectations.
5Insights into customer demand trends in the communications equipment sector.