Viavi Solutions Inc. (NASDAQ: VIAV) Sees Insider Stock Sale Amid Strong Fiscal 2026 Results

• Luke M. Scrivanich, SVP and General Manager of OSP at Viavi Solutions, sold 35,866 shares for about $1.3 million under a pre-arranged Rule 10b5-1 trading plan.
• Viavi reported strong fiscal 2026 results, with revenue rising 40.0% to $1.52 billion and fourth-quarter revenue increasing 52.5% year over year to $443.1 million.
• The company improved profitability on an operating basis, with full-year non-GAAP operating margin expanding to 20.6%. However, Viavi still reported a full-year GAAP net loss of $30.4 million.

Viavi Solutions Inc. (NASDAQ: VIAV) provides network testing, monitoring, and optical technology solutions. The company serves communications networks, data centers, aerospace and defense customers, and optical security markets. Its market capitalization is roughly $9 billion, though this figure changes with the stock price.

On September 23, 2026, Luke M. Scrivanich sold 35,866 shares of Viavi Solutions stock. The shares were sold at a weighted average price of $36.24, for a total transaction value of approximately $1.3 million. The sale was conducted under a Rule 10b5-1 trading plan.

A Rule 10b5-1 plan allows company insiders to schedule future stock sales in advance. These plans are often used to reduce concerns that an insider is trading based on non-public information. After the sale, Scrivanich directly owned 39,598 shares of Viavi Solutions.

The insider sale came after a strong fiscal year for the company. Viavi reported fiscal 2026 revenue of $1.52 billion, up 40.0% from the prior year. Fourth-quarter revenue reached $443.1 million, up 52.5% year over year. The growth was supported by demand from the data center ecosystem, aerospace and defense markets, and contributions from the acquisitions of Spirent's HSE and CE businesses and Inertial Labs.

Profitability also improved on an operating basis. Viavi's full-year GAAP operating margin rose to 6.9%, while non-GAAP operating margin expanded to 20.6%. In the fourth quarter, the company reported GAAP net income of $32.7 million and GAAP diluted EPS of $0.13. For the full fiscal year, however, Viavi reported a GAAP net loss of $30.4 million and GAAP diluted EPS of -$0.13. The stock also has a beta of about 1.22 to 1.23, suggesting it has historically been more volatile than the broader market.