AVIAT NETWORKS (AVNW) Company Report

Aviat Networks, Inc. announced the appointment of Andrew C. Schmidt as Senior Vice President and Chief Financial Officer, effective immediately.
Mr. Schmidt brings over 25 years of senior financial leadership, including more than 20 years as a public company CFO.
His prior experience includes serving as CFO for Sientra, Inc., Iteris, Inc., and Smith Micro Software, Inc., with a background in public safety and software that aligns with Aviat's strategic goals.

1 day ago

Press Release

Aviat Networks Secures First Commercial MDU Order and Updates on Growth Initiatives

AVNW

New Projects/Investments

Revenue Acceleration/Inflection

Aviat Networks has secured its first commercial order for subscriber traffic in the Multi-Dwelling Unit (MDU) market, moving past the Proof of Concept (POC) phase. While revenue in the December quarter will not be material, a significant ramp-up is anticipated in 2025 and 2026, with commercial deployment expected in multiple markets.
The company identifies strong growth drivers in public safety and utilities, which collectively represent 35-40% of its business and are experiencing mid-single-digit growth. Additional opportunities are seen in private networks and rural broadband.
Regarding BEAD funding for rural broadband, Aviat Networks, previously pessimistic, is now encouraged, expecting spending to commence in the June or September quarter.
Financially, Aviat Networks possesses over $450 million in Net Operating Losses (NOLs), which are expected to help minimize cash taxes for the foreseeable future. The company is also actively working to convert approximately $110 million in unbilled receivables into cash.
Aviat Networks is addressing its material weakness in financial controls, having improved year-over-year, with the goal of full remediation by the end of the current fiscal year.

Nov 18, 2025, 9:30 PM

Transcript

Aviat Networks Secures First Commercial MDU Order, Anticipates BEAD Funding, and Addresses Financial Controls

AVNW

New Projects/Investments

Revenue Acceleration/Inflection

Share Buyback

Aviat Networks has secured its first commercial order for Multi-Dwelling Unit (MDU) broadband wireless, moving beyond proof-of-concept, with significant ramp-up anticipated from the back half of 2025 into 2026 and 2027.
The company expects BEAD funding to commence spending in the June or September quarter, and it is actively engaged in project discussions with key customers.
Aviat Networks holds over $450 million in Net Operating Losses (NOLs), providing a long runway for minimizing cash taxes, and is focused on reducing its $110 million in unbilled receivables to enhance cash generation.
Progress is being made in remediating the company's material weakness in financial controls, with the aim of full resolution by the end of the current fiscal year.
Growth opportunities are driven by public safety and utilities (comprising 35-40% of the business), private networks, and the expanding Huawei replacement cycle in Europe.

Nov 18, 2025, 9:30 PM

Transcript

Aviat Networks Reports Q1 FY2026 Results and Provides FY2026 Guidance

AVNW

Earnings

Guidance Update

M&A

Aviat Networks reported strong Q1 FY2026 financial results, with revenue of $107.3 million, an increase of 21.4% year-over-year, Adjusted EBITDA of $9.1 million, and Non-GAAP earnings per share of $0.43.
The company issued Fiscal 2026 guidance, projecting revenue between $440.0 and $460.0 million and Adjusted EBITDA between $45.0 and $55.0 million.
Aviat Networks continues to expand its portfolio and market reach through strategic acquisitions, including Redline Communications (2022), NEC microwave business (2023), and 4RF (2024), contributing to a 12% revenue CAGR since calendar 2019 and LTM revenue of $453 million.
As of Q1 FY2026, the company maintained $64.8 million in cash and marketable securities against $106.5 million in total debt, resulting in net debt of $41.7 million.

Nov 18, 2025, 9:29 PM

8-K

Aviat Networks Announces Q1 Fiscal 2026 Results and FY2026 Guidance

AVNW

Earnings

Guidance Update

Revenue Acceleration/Inflection

Aviat Networks reported Q1 Fiscal 2026 revenue of $107.3 million, marking a 21.4% increase compared to the prior year, with Non-GAAP earnings per share of $0.43 and Adjusted EBITDA of $9.1 million.
The company provided Fiscal 2026 guidance, projecting revenue between $440.0 and $460.0 million and Adjusted EBITDA between $45.0 and $55.0 million.
As of Q1 Fiscal 2026, Aviat Networks held $64.8 million in cash and marketable securities with a total debt outstanding of $106.5 million, resulting in a net debt of $41.7 million, approximately 0.8x TTM Adjusted EBITDA.
Aviat Networks' trailing twelve months (TTM) revenue reached $453.5 million, up 10.7% year-over-year, with a TTM Adjusted EBITDA of $53.9 million or 11.9% of revenue. The company also highlighted over $460 million in gross Net Operating Losses (NOLs), with a deferred tax asset of $88 million for Q1 FY26.

Nov 4, 2025, 10:00 PM

Presentation

Aviat Networks Reports Strong Q1 Fiscal 2026 Results

AVNW

Earnings

Guidance Update

Product Launch

Aviat Networks reported total revenues of $107.3 million for Q1 Fiscal 2026, marking a 21.4% increase compared to the prior year period.
The company achieved a non-GAAP gross margin of 33.8% and Adjusted EBITDA of $9.1 million, or 8.5% of revenues, representing a significant improvement from the year-ago period.
Non-GAAP EPS for the quarter was $0.43, an increase of $1.30 versus the year-ago period.
Aviat Networks maintained its fiscal 2026 guidance, projecting full-year revenues to be in the range of $440 million to $460 million and Adjusted EBITDA between $45 million and $55 million.
Key business developments include securing an $8 million multi-state utility network modernization project and launching the Apriza LTE/5G router solution for public safety, targeting an $800 million segment of a $2.8 billion market.

Nov 4, 2025, 10:00 PM

Transcript

Aviat Networks Announces Fiscal 2026 First Quarter Financial Results

AVNW

Earnings

Guidance Update

Product Launch

Aviat Networks reported total revenues of $107.3 million for its fiscal 2026 first quarter, an increase of 21.4% year-over-year.
For Q1 2026, GAAP net income was $0.2 million ($0.01 per diluted share), and non-GAAP net income was $5.5 million ($0.43 per diluted share), with Adjusted EBITDA reaching $9.1 million.
The company's GAAP gross margin improved significantly to 33.2% in Q1 2026, up from 22.4% in the prior year, driven by regional and product mix.
Aviat Networks reaffirmed its fiscal 2026 full-year guidance, projecting revenue between $440 and $460 million and Adjusted EBITDA between $45.0 and $55.0 million.
During the quarter, Aviat Networks launched the Aprisa LTE 5G router solution, expanding its product portfolio in the Private Networks segment.

Nov 4, 2025, 9:18 PM

8-K

Aviat Networks Announces Fiscal 2026 First Quarter Financial Results

AVNW

Earnings

Revenue Acceleration/Inflection

Guidance Update

Aviat Networks reported total revenues of $107.3 million for its fiscal 2026 first quarter ended September 26, 2025, representing a 21.4% increase year-over-year.
The company achieved GAAP net income of $0.2 million and non-GAAP diluted earnings per share of $0.43, a significant improvement from a net loss in the fiscal 2025 first quarter.
Adjusted EBITDA grew to $9.1 million, an increase of $16.8 million compared to the fiscal 2025 first quarter, with GAAP gross margin improving to 33.2%.
Aviat Networks maintained its fiscal 2026 full-year guidance, projecting revenue between $440 and $460 million and Adjusted EBITDA between $45.0 and $55.0 million.

Nov 4, 2025, 9:15 PM

Press Release

Aviat Networks Introduces New LTE 5G Router Solution

AVNW

Product Launch

New Projects/Investments

Aviat Networks (NASDAQ: AVNW) has launched a comprehensive Aprisa LTE 5G router solution designed for vehicle deployments in law enforcement, emergency services, public safety agencies, and industrial enterprise applications.
The solution includes ruggedized Aprisa LTE 5G routers, ProVision Plus management software, and a full suite of support services, aiming to provide the lowest total cost of ownership.
This new offering targets the global cellular router and gateway market, which is projected to grow at a 12% CAGR to $2.8 billion in annual revenues by 2028.
The Aprisa LTE/5G router is manufactured in the USA, supports major frequency bands, and is certified with leading carriers such as Verizon, AT&T, and T-Mobile.

Sep 15, 2025, 1:05 PM

Press Release

Aviat Networks Reports Q4 2025 Results and Provides FY 2026 Guidance

AVNW

Earnings

Guidance Update

Revenue Acceleration/Inflection

Aviat Networks reported Q4 2025 revenues of $115.3 million, with record adjusted EBITDA of $15.1 million and non-GAAP EPS of $0.83, marking its third consecutive quarter of record adjusted EBITDA.
The company achieved its goal of $140 million in annualized PassLink revenues exiting fiscal year 2025.
For fiscal year 2026, Aviat Networks provided guidance of full-year revenues between $440 million and $460 million and adjusted EBITDA between $45 million and $55 million, expecting Q1 to be the lowest revenue quarter and Q4 the strongest.
The backlog as of the end of fiscal 2025 increased by 11% to $323 million, signaling continued demand for Aviat's products and services.
Aviat anticipates better growth from the private network space, which comprises 55% of its portfolio, compared to the carrier market, driven by public safety and utilities.

Sep 10, 2025, 8:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for AVIAT NETWORKS.

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