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 provides solutions for network performance and security....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and growth potential, which investors closely monitor.

Expected to be around $0.27

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet customer demand, which is critical for future investments.

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 provides solutions for network performance and security. Operating in the communications equipment industry, it plays a crucial role in supporting the growing demand for reliable connectivity and network management, especially as more businesses adopt cloud services and digital transformation strategies.

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 surpassing estimates by nearly 46%. The stock reacted positively, gaining over 5% the following day.

Management Promises & Guidance

Continued focus on expanding product offerings in network performance.
Commitment to enhancing customer support and service capabilities.
Plans to invest in R&D to drive innovation in communication technologies.

Expectations

Wall Street Expectations

Overall, investors are optimistic about Viavi's upcoming earnings, especially given its strong track record of beating EPS estimates. The market is keen to see if this trend continues.

Bull Case

If Viavi delivers another strong earnings surprise, it could reinforce confidence in its growth strategy and lead to a significant stock price increase.

Bear Case

Conversely, any signs of slowing revenue growth or increased competition could raise concerns, potentially leading to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $0.27

EPS is a key indicator of the company's profitability and growth potential, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market share and meet customer demand, which is critical for future investments.

Gross Margin

N/A

Gross margin indicates the efficiency of the company in managing its production costs relative to its sales, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for this quarter?

Given Viavi's strong history of EPS surprises, this number will be crucial in determining market sentiment and stock movement.

How is revenue growth trending compared to previous quarters?

Investors will closely watch revenue growth as it reflects the company's ability to capture market demand and maintain competitive positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate Viavi's ability to leverage its recent technological advancements, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Viavi has consistently beaten EPS estimates, indicating a potential for continued strong performance.

The options market is pricing in a significant move, suggesting that investors are expecting a notable outcome.

Insider trading activity shows no significant selling, which could imply confidence in the company's future prospects.

Key Risk

If revenue growth comes in below expectations, it could challenge the bullish consensus on the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate revolves around whether Viavi can sustain its impressive earnings growth in a competitive landscape.

Bull Confirmed If

An EPS of $0.30 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.25 would indicate potential challenges in maintaining growth and could trigger a bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±13.91%

Historical Avg

±2.26%

Pricing rich

The options market is pricing in a significant potential move following the earnings report, indicating heightened investor uncertainty or anticipation.

Options are pricing a 13.91% move, while the stock has averaged only a 2.26% move historically, suggesting a rich setup.

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 momentum.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors await further clarity on future growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of around 0.14%, raising concerns about growth sustainability.

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 or technological advancements.
2Insights into customer demand trends and market share changes.
3Details on cost management and gross margin performance.
4Comments on competitive pressures and how the company plans to address them.
5Management's outlook for the upcoming fiscal year and any strategic initiatives.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Viavi Solutions Inc. is a technology company that provides solutions for network performance and security....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and growth potential, which investors closely monitor.

Expected to be around $0.27

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet customer demand, which is critical for future investments.

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 surpassing estimates by nearly 46%. The stock reacted positively, gaining over 5% the following day.

Management Promises & Guidance

Continued focus on expanding product offerings in network performance.
Commitment to enhancing customer support and service capabilities.
Plans to invest in R&D to drive innovation in communication technologies.

Expectations

Wall Street Expectations

Overall, investors are optimistic about Viavi's upcoming earnings, especially given its strong track record of beating EPS estimates. The market is keen to see if this trend continues.

Bull Case

If Viavi delivers another strong earnings surprise, it could reinforce confidence in its growth strategy and lead to a significant stock price increase.

Bear Case

Conversely, any signs of slowing revenue growth or increased competition could raise concerns, potentially leading to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $0.27

EPS is a key indicator of the company's profitability and growth potential, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market share and meet customer demand, which is critical for future investments.

Gross Margin

N/A

Gross margin indicates the efficiency of the company in managing its production costs relative to its sales, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for this quarter?

Given Viavi's strong history of EPS surprises, this number will be crucial in determining market sentiment and stock movement.

How is revenue growth trending compared to previous quarters?

Investors will closely watch revenue growth as it reflects the company's ability to capture market demand and maintain competitive positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate Viavi's ability to leverage its recent technological advancements, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Viavi has consistently beaten EPS estimates, indicating a potential for continued strong performance.

The options market is pricing in a significant move, suggesting that investors are expecting a notable outcome.

Insider trading activity shows no significant selling, which could imply confidence in the company's future prospects.

Key Risk

If revenue growth comes in below expectations, it could challenge the bullish consensus on the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate revolves around whether Viavi can sustain its impressive earnings growth in a competitive landscape.

Bull Confirmed If

An EPS of $0.30 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.25 would indicate potential challenges in maintaining growth and could trigger a bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±13.91%

Historical Avg

±2.26%

Pricing rich

The options market is pricing in a significant potential move following the earnings report, indicating heightened investor uncertainty or anticipation.

Options are pricing a 13.91% move, while the stock has averaged only a 2.26% move historically, suggesting a rich setup.

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 momentum.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors await further clarity on future growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of around 0.14%, raising concerns about growth sustainability.

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 or technological advancements.
2Insights into customer demand trends and market share changes.
3Details on cost management and gross margin performance.
4Comments on competitive pressures and how the company plans to address them.
5Management's outlook for the upcoming fiscal year and any strategic initiatives.