
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
Market Cap
$271.64M
P/E (TTM)
29.3
41.4
Dividend Yield
--
52W High
$26.83
52W Low
$15.80
52W Range
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)
AVNW$450.80M
$363.33M
TBCH$347.21M
Gross Margin (Latest Quarter)
AUDC65.5%
49.9%
INSG41.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BKTI | $295.59M | 22.7 | 37.1% | 1.3% |
| AVNW | $271.64M | 29.3 | 4.5% | 17.0% |
| TBCH | $267.98M | 14.9 | 15.6% | 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%MissForm 10-K - FY 2025
Period End: Jun 27, 2025|Filed: Sep 10, 2025|Revenue: $434.61M+6.5%|EPS: $0.11-87.5%MissForm 10-Q - Q3 2025
Period End: Mar 28, 2025|Filed: May 6, 2025|Revenue: $112.64M+1.6%|EPS: $0.28+3.7%BeatForm 10-Q - Q2 2025
Period End: Dec 27, 2024|Filed: Feb 4, 2025|Revenue: $118.20M+26.2%|EPS: $0.35+45.8%BeatForm 10-Q - Q1 2025
Period End: Sep 27, 2024|Filed: Nov 5, 2024|Revenue: $88.43M+1.7%|EPS: $-0.94-368.6%MissForm 10-K - FY 2024
Period End: Jun 28, 2024|Filed: Oct 4, 2024|Revenue: $408.08M+18.5%|EPS: $0.88-12.9%BeatForm 10-Q - Q3 2024
Period End: Mar 29, 2024|Filed: May 1, 2024|Revenue: $110.82M+32.8%|EPS: $0.27-37.2%MissForm 10-Q - Q2 2024
Period End: Dec 29, 2023|Filed: Feb 6, 2024|Revenue: $93.69M+3.3%|EPS: $0.24-54.7%Miss