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Aviat Networks, Inc.

Aviat Networks, Inc.

NASDAQ•AVNW
CEO: Mr. Peter A. Smith Ph.D.
Sector: Technology
Industry: Communication Equipment
Listing Date: 1987-05-19
Aviat Networks, Inc. provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, and trunking; private LTE, virtual fiber, and network management products; narrow band radio communications, designed, and optimised for SCADA and telemetry applications; and hosted software products, such as aviat design, frequency assurance software, aviatcloud, and health assurance software. It also provides project services, which includes design and engineering, site and path surveys, assembly and integrations, project management, and install and commission; and managed services, such as network and interface monitoring, network health, onsite maintenance, and remote upgrades. In addition, the company offers support services, including extended warranty, warranty plus, provision support, and license key management, as well as instructor and virtual instructor led training, e-learning and certification services. It serves communications service providers and private network operators, including federal, state and local government agencies, transportation agencies, energy and utility companies, public safety agencies, and broadcast network operators. The company markets its products through a direct sales, service, and support organization; indirect sales channels comprising dealers, resellers, and sales representatives; and through online. Aviat Networks, Inc. company was incorporated in 2006 and is headquartered in Austin, Texas.
Contact Information
200 Parker Drive, Suite C100A, Austin, TX, 78728, United States
408-941-7100
www.aviatnetworks.com
Market Cap
$271.64M
P/E (TTM)
29.3
41.4
Dividend Yield
--
52W High
$26.83
52W Low
$15.80
52W Range
49%
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$107.32M+21.36%
4-Quarter Trend

EPS

$0.01-101.35%
4-Quarter Trend

FCF

-$1.17M-96.41%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Total Revenue Increased 21.4% Total revenues reached $107.320 M, increasing 21.4% from $88.429 M in the prior three-month period.
Gross Margin Expanded 80.2% Gross margin surged to $35.663 M, an 80.2% increase, driven by higher sales volumes of software offerings.
Return to Net Income Swung to Net Income of $162 K from a net loss of $(11.879) M, resulting in positive Basic EPS of $0.01.
Operating Cash Flow Improved Cash used in operating activities improved by $15.423 M, reducing usage to $(11.742) M versus prior period.

Risk Factors

Interest Expense Increased Net interest expense rose 53.5% to $1.712 M, primarily due to interest incurred on incremental Term Loan borrowings.
Unresolved NEC Arbitration Ongoing arbitration demands from NEC regarding component purchases totaling $19 M remain unresolved as of period end.
Internal Control Weakness Management concluded disclosure controls were not effective due to material weaknesses not yet fully remediated as of September 26, 2025.
Financing Cash Flow Decline Cash provided by financing activities dropped to $18.504 M, reflecting reduced net Revolver borrowings compared to prior year.

Outlook

Sufficient Liquidity Confirmed Believes existing cash ($64.8 M) and available credit ($72.1 M) are sufficient for anticipated requirements beyond next 12 months.
Credit Facility Expansion Recently amended Credit Facility increased both Revolver and Term Loan commitments by $20.0 million for each instrument.
Restructuring Completion Timeline Fiscal 2025 restructuring plans, focused on workforce optimization, are expected to be completed through the end of fiscal 2026.
Future Growth Focus Strategy centers on supporting 5G/LTE deployments and leveraging turnkey/after-sale support services for customer expansion.

Peer Comparison

Revenue (TTM)

Aviat Networks, Inc.AVNW
$450.80M
+10.8%
Ceragon Networks Ltd.CRNT
$363.33M
-3.8%
Turtle Beach CorporationTBCH
$347.21M
+6.4%

Gross Margin (Latest Quarter)

AudioCodes Ltd.AUDC
65.5%
+0.2pp
BK Technologies CorporationBKTI
49.9%
+11.1pp
Inseego Corp.INSG
41.6%
+6.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BKTI$295.59M22.737.1%1.3%
AVNW$271.64M29.34.5%17.0%
TBCH$267.98M14.915.6%32.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.2%
Flat Growth
4Q Net Income CAGR
-67.0%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 3, 2026
|
EPS:$0.48
|
Revenue:$109.67M
Reports
All Years
  • Form 10-Q - Q1 2026

    Period End: Sep 26, 2025|Filed: Nov 4, 2025|
    Revenue: $107.32M+21.4%
    |
    EPS: $0.01-101.4%
    Miss
  • Form 10-K - FY 2025

    Period End: Jun 27, 2025|Filed: Sep 10, 2025|
    Revenue: $434.61M+6.5%
    |
    EPS: $0.11-87.5%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Mar 28, 2025|Filed: May 6, 2025|
    Revenue: $112.64M+1.6%
    |
    EPS: $0.28+3.7%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Dec 27, 2024|Filed: Feb 4, 2025|
    Revenue: $118.20M+26.2%
    |
    EPS: $0.35+45.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Sep 27, 2024|Filed: Nov 5, 2024|
    Revenue: $88.43M+1.7%
    |
    EPS: $-0.94-368.6%
    Miss
  • Form 10-K - FY 2024

    Period End: Jun 28, 2024|Filed: Oct 4, 2024|
    Revenue: $408.08M+18.5%
    |
    EPS: $0.88-12.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Mar 29, 2024|Filed: May 1, 2024|
    Revenue: $110.82M+32.8%
    |
    EPS: $0.27-37.2%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Dec 29, 2023|Filed: Feb 6, 2024|
    Revenue: $93.69M+3.3%
    |
    EPS: $0.24-54.7%
    Miss