What move does the options market price into Viavi Solutions's report?

Implied ±11.9%, either direction.

How often does Viavi Solutions move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

VIAVNasdaqSemiconductors & Related Devices

Viavi Solutions Inc. (VIAV) earnings date, market-implied expected move, and options open interest by expiry

30.07

+2.27 · +8.16%

post 30.27 +0.67%

After hours16:25 ETdelayed

Open28.25Volume6.0MMkt cap$6.9BEPS-0.13

Day28.20 – 30.8478%52-wk15.51 – 60.4333%

VIAV

Viavi Solutions Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.9%implied · report alone

8Q avg ±13.3%·×0.90·fair

26.5133.69

straddle ±15.8%

spot 30.10exp Nov 20ATM strike 30ATM straddle 5.60IV 108%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 1 day

confirmedQ1 FY27

Calendar

Next report

Last report

+4.34%

vs ±17.8% implied · ×0.24

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+1.12%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

565 managers

Top fund weight

0.31%

VIAV weight · MDY

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Viavi Solutions (VIAV) reports on Nov 4 after close (confirmed date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±12.2%
avg realized: ±13.3%

Oct 31 '24Oct 31 '24confirmed±8.0%▲+6.94%×0.87

Jan 30 '25Jan 30 '25confirmed±10.2%▲+20.52%×2.01

May 1 '25May 1 '25confirmed±8.9%▼−12.30%×1.39

Aug 7 '25Aug 7 '25confirmed±8.9%▲+7.58%×0.85

Oct 29 '25Oct 29 '25confirmed±11.8%▲+22.32%×1.90

Q2 FY26Jan 28 '26confirmed±12.9%▲+17.45%×1.35

Q3 FY26Apr 29 '26confirmed±19.0%▲+15.09%×0.80

Q4 FY26Aug 5 '26confirmed±17.8%▲+4.34%×0.24

quarterimplied−25%0+25%realized×

Q4 FY26±17.8%▲+4.34%×0.24

Q3 FY26±19.0%▲+15.09%×0.80

Q2 FY26±12.9%▲+17.45%×1.35

Oct '25±11.8%▲+22.32%×1.90

Aug '25±8.9%▲+7.58%×0.85

May '25±8.9%▼−12.30%×1.39

2 older reports

Jan '25±10.2%▲+20.52%×2.01

Oct '24±8.0%▲+6.94%×0.87

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 6 expiries · Oct 30 close

0.30OI · 6 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

9,072+1%Nov 2017d29,9130%

2,3010%Dec 1845d0.1812,820−1%0.18

5,6670%Jan 1573d0.3814,7780%0.38

3,010+4%Feb 19108d1.791,683+5%1.79

209+6%Mar 19136d0.045,8370%0.04

1580%Apr 16164d0.081,8660%0.08

ExpiryPutsCallsP/C

Nov 2017d9,072+1%29,9130%0.30

Dec 1845d2,3010%12,820−1%0.18

Jan 1573d5,6670%14,7780%0.38

Feb 19108d3,010+4%1,683+5%1.79

Mar 19136d209+6%5,8370%0.04

Apr 16164d1580%1,8660%0.08

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±15.8%

Funds 3

MDY±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY26

7.38%derived from FYnet margin · revenue +8.92% QoQ · +52.53% YoY

Revenue

$443M+8.92% QoQ

Gross profit

$262M+11.79% QoQ

59.06% margin

Operating income

$61M+147.18% QoQ

13.83% margin

Pre-tax income

$44M+215.22% QoQ

Net income

$33M+410.94% QoQ

7.38% margin

Cost of revenue

$181M+5.04% QoQ

Operating expenses

$200M−4.25% QoQ

SG&A $124M

R&D $70M

Other operating $6M

Other expense

$18M

Tax

$11M+54.05% QoQ

Revenue$443M+8.92%

Gross profit

$262M+11.79%

59.06% margin

Operating income

$61M+147.18%

13.83% margin

Pre-tax income

$44M+215.22%

Net income

$33M+410.94%

7.38% margin

Cost of revenue

$181M+5.04%

Operating expenses

$200M−4.25%

SG&A $124M

R&D $70M

Other operating $6M

Other expense

$18M

Tax$11M+54.05%

flow · deduction · signed % = QoQDerived: FY − Q1–Q3 · QE Jun 27 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:15 ET

Intraday

Event sensitivity

NFP ×2.45· ±5.4% vs ±2.2% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±5.4%4 of 10×2.45

PCEpersonal income & outlays±4.0%14 of 19×1.81

GDPgross domestic product±2.8%12 of 19×1.27

CPIconsumer prices±2.8%6 of 10×1.26

PPIproducer prices±2.6%3 of 10×1.21

FOMCrate decision±2.1%16 of 24×0.94

CPROFcorporate profits±1.9%7 of 12×0.89

Bar = avg |move| to ±6% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS 0.15 · consensus —

Quarter	Reported	EPS	Consensus
Q4 FY26	Aug 5 '26 · confirmed	0.15	—
Q3 FY26	Apr 29 '26 · confirmed	0.03	—
Q2 FY26	Jan 28 '26 · confirmed	-0.21	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod