Equity Profile

VIAV

Viavi Solutions Inc.

Information TechnologyCommunications Equipment$11.5B

Aug6Thu

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

Viavi Solutions Inc. is a technology company that specializes in communications equipment, providing 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 will help gauge how well Viavi is managing costs and generating revenue.

N/A

Revenue Growth

Understanding revenue trends is essential to assess the company's market position and demand for its products.

N/A

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, providing solutions for network performance and security. With a market cap of $12 billion, Viavi plays a crucial role in the growing demand for reliable communication networks, especially as trends like 5G and cloud computing continue to expand.

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 exceeding expectations of $0.18, marking a 45.95% surprise. The stock reacted positively, increasing by 5.47% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Viavi's upcoming earnings, especially given the company's strong track record of beating EPS estimates.

Bull Case

If Viavi continues its trend of strong earnings surprises, it could drive the stock higher, especially if revenue growth is also robust.

Bear Case

Conversely, if the company fails to meet expectations, particularly in revenue growth, it could lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q4-2026?

Given Viavi's history of beating EPS estimates, this number will be crucial in determining market sentiment post-earnings.

How is revenue growth trending in the current quarter?

Revenue growth is a key indicator of demand for Viavi's products and services, and any slowdown could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Viavi's ability to continue its streak of earnings surprises, especially given the strong demand for communication solutions.

Supporting Evidence

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

Options are pricing a 13.91% move, suggesting traders expect significant volatility, which could indicate a more favorable outlook than consensus.

Key Risk

If the EPS comes in below $0.20, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Viavi can maintain its strong earnings trajectory amid market challenges.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.20 would confirm the bear case, suggesting potential issues with profitability.

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 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)

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 the company's strong growth narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline of about 1.61%, as investors react negatively to any signs of weakness.

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

1Any updates on demand for 5G-related products.
2Insights into cost management strategies and their impact on margins.
3Comments on competitive pressures in the communications equipment market.
4Guidance on revenue expectations for the next quarter.
5Any commentary on new product launches or innovations.

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Company Snapshot

Viavi Solutions Inc. is a technology company that specializes in communications equipment, providing 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 will help gauge how well Viavi is managing costs and generating revenue.

N/A

Revenue Growth

Understanding revenue trends is essential to assess the company's market position and demand for its products.

N/A

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 exceeding expectations of $0.18, marking a 45.95% surprise. The stock reacted positively, increasing by 5.47% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Viavi's upcoming earnings, especially given the company's strong track record of beating EPS estimates.

Bull Case

If Viavi continues its trend of strong earnings surprises, it could drive the stock higher, especially if revenue growth is also robust.

Bear Case

Conversely, if the company fails to meet expectations, particularly in revenue growth, it could lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q4-2026?

Given Viavi's history of beating EPS estimates, this number will be crucial in determining market sentiment post-earnings.

How is revenue growth trending in the current quarter?

Revenue growth is a key indicator of demand for Viavi's products and services, and any slowdown could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Viavi's ability to continue its streak of earnings surprises, especially given the strong demand for communication solutions.

Supporting Evidence

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

Options are pricing a 13.91% move, suggesting traders expect significant volatility, which could indicate a more favorable outlook than consensus.

Key Risk

If the EPS comes in below $0.20, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Viavi can maintain its strong earnings trajectory amid market challenges.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.20 would confirm the bear case, suggesting potential issues with profitability.

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 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)

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 the company's strong growth narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline of about 1.61%, as investors react negatively to any signs of weakness.

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

1Any updates on demand for 5G-related products.
2Insights into cost management strategies and their impact on margins.
3Comments on competitive pressures in the communications equipment market.
4Guidance on revenue expectations for the next quarter.
5Any commentary on new product launches or innovations.