Viavi Solutions Inc. filed a Form 8-K on November 4, 2026, disclosing a new $500 million common stock repurchase authorization approved by its Board of Directors and furnishing preliminary results for its fiscal first quarter ended October 3, 2026.

Key Highlights

  • New repurchase program: The Board of Directors authorized repurchase of up to $500 million of Viavi Solutions common stock on November 1, 2026.
  • Existing program balance: The previously authorized 2022 Repurchase Plan had approximately $18.4 million remaining at the time of the new authorization.
  • Additive authorization: The new $500 million program is in addition to the $300 million previously authorized under the 2022 Repurchase Plan.
  • Repurchase methods: The company disclosed it may use open market purchases, a 10b5-1 plan, accelerated stock repurchases, privately negotiated transactions, and/or other available methods.
  • No obligation: According to the filing, "The Company is not obligated to repurchase any particular amount of common stock."
  • Fiscal Q1 results: Preliminary results for the fiscal first quarter ended October 3, 2026 were furnished as Exhibit 99.1 and are not deemed "filed" under Section 18 of the Exchange Act.

Viavi Solutions Discloses $500 Million Stock Repurchase Program and Fiscal Q1 2027 Preliminary Results

Viavi Solutions Inc. (NASDAQ:VIAV), headquartered in Chandler, Arizona, filed a current report on November 4, 2026, covering two separate disclosures. Under Item 8.01, the company reported that its Board of Directors approved a new common stock repurchase program on November 1, 2026, authorizing repurchases of up to $500 million. The filing states this authorization is separate from and in addition to the existing 2022 Repurchase Plan, under which approximately $18.4 million of the original $300 million authorization remained.

According to the filing, the company may execute repurchases through a variety of methods, including open market purchases, implementation of a 10b5-1 plan, accelerated stock repurchases, and privately negotiated transactions, subject to Securities and Exchange Commission and other applicable legal requirements. The program will remain in effect until the authorized amount has been fully repurchased or until the company suspends or terminates it. The filing notes the company is not obligated to repurchase any specific amount.

Under Item 2.02, the company reported that it furnished preliminary results for its fiscal first quarter ended October 3, 2026, via a press release dated November 4, 2026, attached as Exhibit 99.1 and titled "VIAVI Announces First Quarter Fiscal 2027 Results." The filing specifies that this information "shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934" and is not subject to the liabilities of that section unless expressly incorporated by reference in another filing. The report was signed by Ilan Daskal, Executive Vice President and Chief Financial Officer.

What Was Disclosed

Viavi Solutions disclosed a new $500 million board-authorized stock repurchase program approved November 1, 2026, alongside the existence of approximately $18.4 million remaining under its prior 2022 plan, and furnished preliminary fiscal first quarter results for the period ended October 3, 2026.