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Viavi Solutions Inc.

VIAV · Technology · $9.5B mkt cap · FY2026 filings · · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

38

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $1.3B to $1.5B, increasing; diluted EPS 0.07 to -0.13, decreasing.

96

Median gross margin 57.7% over 10y, very stable.

51

Median ROIC 12.4%, above the 12% hurdle in 56% of years.

56

Net cash position — no leverage risk.

3

Owner earnings changed -41.1%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
5429% above value if growth stopped today
$15.5M
$0.70
$0.70
$38.55
5429% above value if growth stopped today

What today’s price assumes: owner earnings growing ~123%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 240% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 15, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

19 years of fundamentals

The business, in plain English

Viavi Solutions Inc. booked $1.5B of revenue in FY2026 in the Technology sector and kept 57.7% of it as gross profit — a high-margin business by that measure. After every other cost, −2.0% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.3B (FY2009) to $1.5B (FY2026) — about 1.0% a year compounded over 17 years.

It earned 6.5% on invested capital in the latest filed year, FY2026. Across the full 17-year measurable filed record, median ROIC was 6.4%. Over the v3 recent window (9 measurable filed years), median ROIC was 12.4%. The Returns on Capital filter above scores it 51/100.

The balance sheet carried $245M of total debt in FY2026 against $1.4M of owner earnings — roughly 174.9 years of owner earnings to retire it all. Balance-Sheet Safety scores it 56/100.

Put together: Pricing Power is the strongest of the five filters (96/100) and Capital Allocation the weakest (3/100), which is how VIAV lands at 49/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2008–FY2026 · 19 fiscal years, normalized from VIAV’s SEC filings

Sales, as filed$1.5B FY2026
$0$1B2008201420202026
Revenue kept after cost of goods57.7% FY2026
0%25%50%2008201420202026
Standard ROIC or separately labeled Operating ROICStandard ROIC 0.0% FY2026

Exact FY and FY-1 financing invested-capital inputs are required.. Not meaningful FY2017: invested capital is negative (cash exceeds debt + equity)

0%100%200%2008201420202026
Cash an owner could take out$1.4M FY2026
−$500M$02008201420202026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How Viavi Solutions Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.5B · 100%Cost of revenue$643M · 42%Gross profit$875M · 58%Operating income$105M · 7%Income before tax$16.3M · 1%Income tax$47.5M · 3%Net income−$30.4M · −2%As of 2026-06-27 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.5B100%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Cost of revenue$643M42%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
$875M58%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
$105M7%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Income before tax$16.3M1%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Income tax$47.5M3%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
−$30.4M−2%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
· event Jun 27, 2026 · retrieved Oct 15, 2026 · annual-row source set
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Flagship explainer

What Viavi Solutions Inc. owns — and owes

Viavi Solutions Inc.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$2.7B100%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Cash and equivalents$648M24%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
$245M9%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Stockholders’ equity$1.4B54%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
· event Jun 27, 2026 · retrieved Oct 15, 2026 · annual-row source set

Flagship explainer

What drives Viavi Solutions Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−3%Tax burden−187%net income ÷ pretax incomeInterest burden16%pretax ÷ operating incomeOperating margin7%operating income ÷ revenueAsset turnover0.65×revenue ÷ average assetsEquity multiplier2.11×average assets ÷ average equityAs of 2026-06-27 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$30.4MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Income before tax$16.3MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Operating income$105MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
$1.5BFY2026
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Ending assets$2.7BFY2026
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Beginning assets$2.0BFY2025
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
$1.4BFY2026
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
$780MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Source: · event Jun 27, 2026 · retrieved Oct 15, 2026 · annual-row source set
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Flagship explainer

Where Viavi Solutions Inc.'s cash went

Viavi Solutions Inc.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$114M100%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Depreciation and amortization$62.9M55%
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001628280-26-056765 · filed Aug 13, 2026
· event Jun 27, 2026 · retrieved Oct 15, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Viavi Solutions Inc.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

1 holding0 exited17 not holding18/19 resolved1 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
First Eagle425,800 shares$20.3M · 0% of eligible reported 13FTrimmed · -134,000 shares (−24%)
Abrams CapitalNo position reportedNo position reported
Akre CapitalNo position reportedNo position reported
Baupost GroupNo position reportedNo position reported
Berkshire HathawayNo position reportedNo position reported
Brave Warrior AdvisorsNo position reportedNo position reported
Dodge & CoxNo position reportedNo position reported
FundsmithNo position reportedNo position reported
Gardner Russo & QuinnNo position reportedNo position reported
Gates Foundation TrustNo position reportedNo position reported
Mairs & PowerNo position reportedNo position reported
Markel / Markel-GaynerNo position reportedNo position reported
Oakmark / Harris AssociatesNo position reportedNo position reported
Polen CapitalNo position reportedNo position reported
Sequoia / Ruane CunniffNo position reportedNo position reported
Southeastern Asset ManagementNo position reportedNo position reported
Tweedy, BrowneNo position reportedNo position reported
Yacktman Asset ManagementNo position reportedNo position reported
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source:
37 SEC filings
  1. 13F-HR · Q1 2026Filing detailsAccession 0000813917-26-000038 · filed May 15, 2026
  2. 13F-HR · Q2 2026Filing detailsAccession 0000813917-26-000042 · filed Aug 14, 2026
  3. 13F-HR · Q1 2026Filing detailsAccession 0000860643-26-000003 · filed May 13, 2026
  4. 13F-HR · Q2 2026Filing detailsAccession 0000860643-26-000005 · filed Aug 13, 2026
  5. 13F-HR · Q1 2026Filing detailsAccession 0000905567-26-000002 · filed May 1, 2026
  6. 13F-HR · Q2 2026Filing detailsAccession 0000905567-26-000003 · filed Aug 11, 2026
  7. 13F-HR · Q1 2026Filing detailsAccession 0000919574-26-003132 · filed May 15, 2026
  8. 13F-HR · Q2 2026Filing detailsAccession 0000919574-26-005176 · filed Aug 14, 2026
  9. 13F-HR · Q1 2026Filing detailsAccession 0001061768-26-000007 · filed May 14, 2026
  10. 13F-HR · Q2 2026Filing detailsAccession 0001061768-26-000010 · filed Aug 13, 2026
  11. 13F-HR · Q1 2026Filing detailsAccession 0001096343-26-000044 · filed May 1, 2026
  12. 13F-HR · Q2 2026Filing detailsAccession 0001096343-26-000065 · filed Jul 31, 2026
  13. 13F-HR · Q1 2026Filing detailsAccession 0001104659-26-062592 · filed May 15, 2026
  14. 13F-HR · Q2 2026Filing detailsAccession 0001104659-26-097175 · filed Aug 14, 2026
  15. 13F-HR · Q1 2026Filing detailsAccession 0001112520-26-000009 · filed May 14, 2026
  16. 13F-HR · Q2 2026Filing detailsAccession 0001112520-26-000014 · filed Aug 14, 2026
  17. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001819 · filed May 14, 2026
  18. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001911 · filed May 14, 2026
  19. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001966 · filed May 14, 2026
  20. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-002294 · filed May 15, 2026
  21. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003035 · filed Aug 4, 2026
  22. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003402 · filed Aug 13, 2026
  23. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003496 · filed Aug 14, 2026
  24. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003728 · filed Aug 14, 2026
  25. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-208439 · filed May 6, 2026
  26. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-223352 · filed May 14, 2026
  27. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-226661 · filed May 15, 2026
  28. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-340443 · filed Aug 7, 2026
  29. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-349535 · filed Aug 13, 2026
  30. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-352200 · filed Aug 14, 2026
  31. 13F-HR/A · Q1 2026 · Amendment RESTATEMENTFiling detailsAccession 0001325447-26-000018 · filed May 14, 2026
  32. 13F-HR · Q2 2026Filing detailsAccession 0001325447-26-000020 · filed Aug 5, 2026
  33. 13F-HR/A · Q2 2026 · Amendment NEW HOLDINGSFiling detailsAccession 0001325447-26-000033 · filed Aug 24, 2026
  34. 13F-HR · Q1 2026Filing detailsAccession 0001398344-26-009296 · filed May 15, 2026
  35. 13F-HR · Q2 2026Filing detailsAccession 0001398344-26-014641 · filed Aug 14, 2026
  36. 13F-HR · Q1 2026Filing detailsAccession 0001569205-26-000005 · filed May 15, 2026
  37. 13F-HR · Q2 2026Filing detailsAccession 0001569205-26-000012 · filed Aug 14, 2026
· event Jun 30, 2026 · retrieved Oct 15, 2026

Flagship explainer

What Viavi Solutions Inc. insiders reported

Records still being gathered — partial as of retrieval Oct 15, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

28 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale49.0 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Oct 15, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Oct 15, 2026.

1 filing was skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (94 versus 6). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
SCRIVANICH LUKE MSVP General Manager OSPOpen-market or private sale (S)Table I · Disposed · Common Stock35,866$36.24$1,299,78439,598Sep 23, 2026
1 filed lot
  • Table I · Common Stock: 35,866 shares at $36.24 · code S · owned after 39,598 ·
Staley Gary WSVP Global Sales NSEExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events80,451—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 22,728 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 191,721 · Paired event: 22,728 Market Stock Units → 22,728 Common Stock ·
  • Table I · Common Stock: 33,069 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 215,846 · Paired event: 33,069 Market Stock Units → 33,069 Common Stock ·
  • Table I · Common Stock: 24,654 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 227,487 · Paired event: 24,654 Market Stock Units → 24,654 Common Stock ·
Staley Gary WSVP Global Sales NSEPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock31,659$36.40$1,152,388See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 8,944 shares at $36.40 · code F · owned after 182,777 ·
  • Table I · Common Stock: 13,013 shares at $36.40 · code F · owned after 202,833 ·
  • Table I · Common Stock: 9,702 shares at $36.40 · code F · owned after 217,785 ·
Staley Gary WSVP Global Sales NSEExercise or conversion of derivative security (M)Table II · Disposed · Market Stock Units · 3 paired events80,451—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table II · Market Stock Units: 22,728 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 22,728 Market Stock Units → 22,728 Common Stock ·
  • Table II · Market Stock Units: 33,069 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 22,046 · Paired event: 33,069 Market Stock Units → 33,069 Common Stock ·
  • Table II · Market Stock Units: 24,654 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 32,873 · Paired event: 24,654 Market Stock Units → 24,654 Common Stock ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events56,313—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 15,909 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 56,648 · Paired event: 15,909 Market Stock Units → 15,909 Common Stock ·
  • Table I · Common Stock: 23,148 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 72,621 · Paired event: 23,148 Market Stock Units → 23,148 Common Stock ·
  • Table I · Common Stock: 17,256 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 79,437 · Paired event: 17,256 Market Stock Units → 17,256 Common Stock ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock25,398$36.40$924,487See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 7,175 shares at $36.40 · code F · owned after 49,473 ·
  • Table I · Common Stock: 10,440 shares at $36.40 · code F · owned after 62,181 ·
  • Table I · Common Stock: 7,783 shares at $36.40 · code F · owned after 71,654 ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryExercise or conversion of derivative security (M)Table II · Disposed · Market Stock Units · 3 paired events56,313—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table II · Market Stock Units: 15,909 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 15,909 Market Stock Units → 15,909 Common Stock ·
  • Table II · Market Stock Units: 23,148 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 15,432 · Paired event: 23,148 Market Stock Units → 23,148 Common Stock ·
  • Table II · Market Stock Units: 17,256 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 23,012 · Paired event: 17,256 Market Stock Units → 17,256 Common Stock ·
Petrucci Anthony MichaelSVP, Chief Operations OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event18,490—Exercise or conversion of derivative security (M)—40,161Sep 22, 2026
1 filed lot
  • Table I · Common Stock: 18,490 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 40,161 · Paired event: 18,490 Market Stock Units → 18,490 Common Stock ·
Petrucci Anthony MichaelSVP, Chief Operations OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock5,012$36.40$182,43735,149Sep 22, 2026
1 filed lot
  • Table I · Common Stock: 5,012 shares at $36.40 · code F · owned after 35,149 ·
Petrucci Anthony MichaelSVP, Chief Operations OfficerExercise or conversion of derivative security (M)Table II · Disposed · Market Stock Units · 1 paired event18,490—Exercise or conversion of derivative security (M)—24,655Sep 22, 2026
1 filed lot
  • Table II · Market Stock Units: 18,490 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 24,655 · Paired event: 18,490 Market Stock Units → 18,490 Common Stock ·
Petrucci Anthony MichaelSVP, Chief Operations OfficerGrant, award, or other acquisition (A)Table II · Acquired · Market Stock Units10,954—Grant, award, or other acquisition (A)—21,909Sep 22, 2026
1 filed lot
  • Table II · Market Stock Units: 10,954 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 21,909 ·
McNab PaulEVP, Chief Mktg & Stgy OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events69,614—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 19,318 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 44,957 · Paired event: 19,318 Market Stock Units → 19,318 Common Stock ·
  • Table I · Common Stock: 28,108 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 63,236 · Paired event: 28,108 Market Stock Units → 28,108 Common Stock ·
  • Table I · Common Stock: 22,188 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 71,122 · Paired event: 22,188 Market Stock Units → 22,188 Common Stock ·
McNab PaulEVP, Chief Mktg & Stgy OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock35,421$36.40$1,289,324See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 9,829 shares at $36.40 · code F · owned after 35,128 ·
  • Table I · Common Stock: 14,302 shares at $36.40 · code F · owned after 48,934 ·
  • Table I · Common Stock: 11,290 shares at $36.40 · code F · owned after 59,832 ·
McNab PaulEVP, Chief Mktg & Stgy OfficerExercise or conversion of derivative security (M)Table II · Disposed · Market Stock Units · 3 paired events69,614—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table II · Market Stock Units: 19,318 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 19,318 Market Stock Units → 19,318 Common Stock ·
  • Table II · Market Stock Units: 28,108 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 18,739 · Paired event: 28,108 Market Stock Units → 28,108 Common Stock ·
  • Table II · Market Stock Units: 22,188 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 29,586 · Paired event: 22,188 Market Stock Units → 22,188 Common Stock ·
KHAYKIN OLEGDirector, President & CEOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events688,308—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 165,909 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,550,607 · Paired event: 165,909 Market Stock Units → 165,909 Common Stock ·
  • Table I · Common Stock: 285,714 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,765,229 · Paired event: 285,714 Market Stock Units → 285,714 Common Stock ·
  • Table I · Common Stock: 236,685 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,879,485 · Paired event: 236,685 Market Stock Units → 236,685 Common Stock ·
KHAYKIN OLEGDirector, President & CEOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock294,941$36.40$10,735,852See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 71,092 shares at $36.40 · code F · owned after 1,479,515 ·
  • Table I · Common Stock: 122,429 shares at $36.40 · code F · owned after 1,642,800 ·
  • Table I · Common Stock: 101,420 shares at $36.40 · code F · owned after 1,778,065 ·
KHAYKIN OLEGDirector, President & CEOExercise or conversion of derivative security (M)Table II · Disposed · Market Stock Units · 3 paired events688,308—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table II · Market Stock Units: 165,909 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 165,909 Market Stock Units → 165,909 Common Stock ·
  • Table II · Market Stock Units: 285,714 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 190,476 · Paired event: 285,714 Market Stock Units → 285,714 Common Stock ·
  • Table II · Market Stock Units: 236,685 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 315,582 · Paired event: 236,685 Market Stock Units → 236,685 Common Stock ·
Daskal IlanEVP, CFOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 2 paired events153,798—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
2 filed lots
  • Table I · Common Stock: 82,671 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 92,803 · Paired event: 82,671 Market Stock Units → 82,671 Common Stock ·
  • Table I · Common Stock: 71,127 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 126,645 · Paired event: 71,127 Market Stock Units → 71,127 Common Stock ·
Daskal IlanEVP, CFOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock69,364$36.40$2,524,850See lot detailSep 22, 2026
2 filed lots
  • Table I · Common Stock: 37,285 shares at $36.40 · code F · owned after 55,518 ·
  • Table I · Common Stock: 32,079 shares at $36.40 · code F · owned after 94,566 ·
Daskal IlanEVP, CFOExercise or conversion of derivative security (M)Table II · Disposed · Market Stock Units · 2 paired events153,798—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
2 filed lots
  • Table II · Market Stock Units: 82,671 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 55,115 · Paired event: 82,671 Market Stock Units → 82,671 Common Stock ·
  • Table II · Market Stock Units: 71,127 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 94,840 · Paired event: 71,127 Market Stock Units → 71,127 Common Stock ·
Daskal IlanEVP, CFOGrant, award, or other acquisition (A)Table II · Acquired · Market Stock Units155,734—Grant, award, or other acquisition (A)—See lot detailSep 22, 2026
2 filed lots
  • Table II · Market Stock Units: 56,820 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 37,880 ·
  • Table II · Market Stock Units: 98,914 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 131,888 ·
SCRIVANICH LUKE MSVP General Manager OSPExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events73,020—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 20,455 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 60,053 · Paired event: 20,455 Market Stock Units → 20,455 Common Stock ·
  • Table I · Common Stock: 29,761 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 79,406 · Paired event: 29,761 Market Stock Units → 29,761 Common Stock ·
  • Table I · Common Stock: 22,804 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 87,067 · Paired event: 22,804 Market Stock Units → 22,804 Common Stock ·
SCRIVANICH LUKE MSVP General Manager OSPPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock37,154$36.40$1,352,406See lot detailSep 22, 2026
3 filed lots
  • Table I · Common Stock: 10,408 shares at $36.40 · code F · owned after 49,645 ·
  • Table I · Common Stock: 15,143 shares at $36.40 · code F · owned after 64,263 ·
  • Table I · Common Stock: 11,603 shares at $36.40 · code F · owned after 75,464 ·
SCRIVANICH LUKE MSVP General Manager OSPExercise or conversion of derivative security (M)Table II · Disposed · Market Stock Units · 3 paired events73,020—Exercise or conversion of derivative security (M)—See lot detailSep 22, 2026
3 filed lots
  • Table II · Market Stock Units: 20,455 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 20,455 Market Stock Units → 20,455 Common Stock ·
  • Table II · Market Stock Units: 29,761 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 19,841 · Paired event: 29,761 Market Stock Units → 29,761 Common Stock ·
  • Table II · Market Stock Units: 22,804 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 30,408 · Paired event: 22,804 Market Stock Units → 22,804 Common Stock ·
McNab PaulEVP, Chief Mktg & Stgy OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock11,032$38.9664$429,877See lot detailSep 11, 2026
2 filed lots
  • Table I · Common Stock: 7,509 shares at $38.96 · code S · owned after 29,162 ·
  • Table I · Common Stock: 3,523 shares at $38.98 · code S · owned after 25,639 ·
SCRIVANICH LUKE MSVP General Manager OSPOpen-market or private sale (S)Table I · Disposed · Common Stock23,911$36.37$869,64339,598Aug 31, 2026
1 filed lot
  • Table I · Common Stock: 23,911 shares at $36.37 · code S · owned after 39,598 ·
Daskal IlanEVP, CFOOpen-market or private sale (S)Table I · Disposed · Common Stock56,290$36.29$2,042,764See lot detailAug 31, 2026
2 filed lots
  • Table I · Common Stock: 30,257 shares at $36.29 · code S · owned after 36,165 ·
  • Table I · Common Stock: 26,033 shares at $36.29 · code S · owned after 10,132 ·
SCRIVANICH LUKE MSVP General Manager OSPExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events48,681—Exercise or conversion of derivative security (M)—See lot detailAug 28, 2026
3 filed lots
  • Table I · Common Stock: 13,636 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 53,234 · Paired event: 13,636 Restricted Stock Unit → 13,636 Common Stock ·
  • Table I · Common Stock: 19,841 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 66,137 · Paired event: 19,841 Restricted Stock Unit → 19,841 Common Stock ·
  • Table I · Common Stock: 15,204 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 71,245 · Paired event: 15,204 Restricted Stock Unit → 15,204 Common Stock ·
SCRIVANICH LUKE MSVP General Manager OSPPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock24,770$36.54$905,096See lot detailAug 28, 2026
3 filed lots
  • Table I · Common Stock: 6,938 shares at $36.54 · code F · owned after 46,296 ·
  • Table I · Common Stock: 10,096 shares at $36.54 · code F · owned after 56,041 ·
  • Table I · Common Stock: 7,736 shares at $36.54 · code F · owned after 63,509 ·
SCRIVANICH LUKE MSVP General Manager OSPGrant, award, or other acquisition (A)Table II · Acquired · Market Stock Units11,039—Grant, award, or other acquisition (A)—11,039Aug 28, 2026
1 filed lot
  • Table II · Market Stock Units: 11,039 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 11,039 ·
SCRIVANICH LUKE MSVP General Manager OSPExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 3 paired events48,681—Exercise or conversion of derivative security (M)—See lot detailAug 28, 2026
3 filed lots
  • Table II · Restricted Stock Unit: 13,636 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 13,636 Restricted Stock Unit → 13,636 Common Stock ·
  • Table II · Restricted Stock Unit: 19,841 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 19,841 · Paired event: 19,841 Restricted Stock Unit → 19,841 Common Stock ·
  • Table II · Restricted Stock Unit: 15,204 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 30,407 · Paired event: 15,204 Restricted Stock Unit → 15,204 Common Stock ·
SCRIVANICH LUKE MSVP General Manager OSPGrant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units11,039—Grant, award, or other acquisition (A)—11,039Aug 28, 2026
1 filed lot
  • Table II · Restricted Stock Units: 11,039 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 11,039 ·
Daskal IlanEVP, CFOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 2 paired events102,534—Exercise or conversion of derivative security (M)—See lot detailAug 28, 2026
2 filed lots
  • Table I · Common Stock: 55,114 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 65,246 · Paired event: 55,114 Restricted Stock Unit → 55,114 Common Stock ·
  • Table I · Common Stock: 47,420 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 87,809 · Paired event: 47,420 Restricted Stock Unit → 47,420 Common Stock ·
Daskal IlanEVP, CFOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock46,244$36.54$1,689,756See lot detailAug 28, 2026
2 filed lots
  • Table I · Common Stock: 24,857 shares at $36.54 · code F · owned after 40,389 ·
  • Table I · Common Stock: 21,387 shares at $36.54 · code F · owned after 66,422 ·
Daskal IlanEVP, CFOExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 2 paired events102,534—Exercise or conversion of derivative security (M)—See lot detailAug 28, 2026
2 filed lots
  • Table II · Restricted Stock Unit: 55,114 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 55,114 · Paired event: 55,114 Restricted Stock Unit → 55,114 Common Stock ·
  • Table II · Restricted Stock Unit: 47,420 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 94,838 · Paired event: 47,420 Restricted Stock Unit → 47,420 Common Stock ·
Daskal IlanEVP, CFOGrant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units34,861—Grant, award, or other acquisition (A)—34,861Aug 28, 2026
1 filed lot
  • Table II · Restricted Stock Units: 34,861 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 34,861 ·
Daskal IlanEVP, CFOGrant, award, or other acquisition (A)Table II · Acquired · Market Stock Units34,861—Grant, award, or other acquisition (A)—34,861Aug 28, 2026
1 filed lot
  • Table II · Market Stock Units: 34,861 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 34,861 ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events37,544—Exercise or conversion of derivative security (M)—See lot detailAug 28, 2026
3 filed lots
  • Table I · Common Stock: 10,606 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 30,735 · Paired event: 10,606 Restricted Stock Unit → 10,606 Common Stock ·
  • Table I · Common Stock: 15,432 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 41,383 · Paired event: 15,432 Restricted Stock Unit → 15,432 Common Stock ·
  • Table I · Common Stock: 11,506 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 45,929 · Paired event: 11,506 Restricted Stock Unit → 11,506 Common Stock ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock16,934$36.54$618,768See lot detailAug 28, 2026
3 filed lots
  • Table I · Common Stock: 4,784 shares at $36.54 · code F · owned after 25,951 ·
  • Table I · Common Stock: 6,960 shares at $36.54 · code F · owned after 34,423 ·
  • Table I · Common Stock: 5,190 shares at $36.54 · code F · owned after 40,739 ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryGrant, award, or other acquisition (A)Table II · Acquired · Market Stock Units9,296—Grant, award, or other acquisition (A)—9,296Aug 28, 2026
1 filed lot
  • Table II · Market Stock Units: 9,296 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 9,296 ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 3 paired events37,544—Exercise or conversion of derivative security (M)—See lot detailAug 28, 2026
3 filed lots
  • Table II · Restricted Stock Unit: 10,606 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 10,606 Restricted Stock Unit → 10,606 Common Stock ·
  • Table II · Restricted Stock Unit: 15,432 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 15,432 · Paired event: 15,432 Restricted Stock Unit → 15,432 Common Stock ·
  • Table II · Restricted Stock Unit: 11,506 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 23,010 · Paired event: 11,506 Restricted Stock Unit → 11,506 Common Stock ·
Siebert Kevin ChristopherSVP Gen. Counsel & SecretaryGrant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units9,296—Grant, award, or other acquisition (A)—9,296Aug 28, 2026
1 filed lot
  • Table II · Restricted Stock Units: 9,296 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 9,296 ·
Staley Gary WSVP Global Sales NSEExercise or conversion of derivative security (M)Table I · Acquired · Common Stock53,634—Exercise or conversion of derivative security (M)—See lot detailAug 28, 2026
3 filed lots
  • Table I · Common Stock: 15,151 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 151,616 ·
  • Table I · Common Stock: 22,046 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 167,700 ·
  • Table I · Common Stock: 16,437 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 175,461 ·
Staley Gary WSVP Global Sales NSEPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock21,106$36.54$771,213See lot detailAug 28, 2026
3 filed lots
  • Table I · Common Stock: 5,962 shares at $36.54 · code F · owned after 145,654 ·
  • Table I · Common Stock: 8,676 shares at $36.54 · code F · owned after 159,024 ·
  • Table I · Common Stock: 6,468 shares at $36.54 · code F · owned after 168,993 ·
Staley Gary WSVP Global Sales NSEGrant, award, or other acquisition (A)Table II · Acquired · Market Stock Units12,782$36.54$467,05412,782Aug 28, 2026
1 filed lot
  • Table II · Market Stock Units: 12,782 shares at $36.54 · code A · owned after 12,782 ·

Source-event as of . Retrieved .

Track record

How Viavi Solutions Inc.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored VIAV on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100200Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, VIAV did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Technology context

#315 of 751 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #313SDCH SideChannel, Inc.49.2Shallow moat
  2. #314DSGT DSG Global, Inc.49.1Shallow moat
  3. #316THTG TECH TONIC GROUP CORP.48.9Shallow moat
  4. #317ASAN Asana, Inc.48.8Shallow moat

Compare VIAV with its nearest peers →All Technology companies on the Index →

Common questions about VIAV

Does Viavi Solutions Inc. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores Viavi Solutions Inc. (VIAV) 49.0 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 38, pricing power 96, returns on capital 51, balance-sheet safety 56, capital allocation 3.
Is VIAV trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $0.70 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $38.55, that is 5429% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has VIAV's Moat Score changed over time?
The record logs 28 readings since Jul 17, 2026; the latest reads 49.0 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell VIAV. See the disclaimer.