AVNW
Aviat Networks, Inc.21.06
+0.04+0.19%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A details organic pipelines
Q&A unpacked organic tailwinds like BEAD (10-15% fixed wireless share, back-half '26 start), MDU deployments, and 5G router traction with 15 customers, all de minimis in FY26 guidance yet eyed for FY27 uplift. Highest Q2 bookings in a decade proved broad-based across private networks and service providers, book-to-bill over 1. Management plans to restart buybacks using remaining $6.5M authorization via a price ladder. Gross margins reflected mix shifts, not services pressure. EMEA strength stems from new leadership. Answers largely reaffirm prepared remarks. Watch new wins for growth durability.
Key Stats
Market Cap
270.36MP/E (TTM)
20.06Basic EPS (TTM)
1.05Dividend Yield
0%Recent Filings
8-K
Updated auditor consent filed
Aviat Networks filed an updated Consent of Independent Registered Public Accounting Firm on March 10, 2026, referencing its Registration Statement No. 333-279014 on Form S-3. This follows the September 10, 2025 Form 10-K, where the original consent omitted the reference due to S-3 ineligibility at filing. No changes to prior financial results. Purely administrative.
8-K
Extends tax loss protection
Aviat Networks entered Amendment No. 2 to its Tax Benefit Preservation Plan on February 27, 2026, extending the final expiration to March 3, 2029 pending stockholder ratification at the 2026 annual meeting. The board aims to safeguard valuable net operating losses and tax attributes from ownership changes. Without approval, the plan terminates post-vote certification. Tax benefits matter.
8-K
Q2 revenues dip, profits rise
Aviat Networks posted Q2 fiscal 2026 revenues of $111.5 million, down 5.7% from last year due to project timing in North America and international markets, yet GAAP net income climbed 27.2% to $5.7 million on lower operating expenses. Six-month revenues surged 5.9% to $218.8 million, flipping a prior-year loss into profit. Cash generated $23.9 million. Full-year guidance holds at $440-460 million revenue, $45-55 million Adjusted EBITDA.
10-Q
Q2 FY2026 results
Aviat Networks posted Q2 FY2026 revenue of $111.5M, down 5.7% y/y yet lifting six-month totals 5.9% y/y to $218.8M on stronger product sales up 9.0% y/y. Gross margin held 32.4% despite mix shift to lower-margin products, while R&D plunged 37.3% y/y to fuel $7.3M operating income—nearly flat y/y. Diluted EPS of $0.44 matched shares at 13.0M; six-month net income swung to $5.9M profit from prior loss. Cash swelled to $86.5M with $12.2M operating cash flow (FCF not disclosed in the 10-Q), revolver availability $70.4M on $105.4M total debt at 6.6% effective rate through 2029. Cash builds fast. Pricing pressures from competition linger.
8-K
Q1 revenue surges 21%
Aviat Networks posted an updated investor presentation on January 13, 2026, highlighting Q1 FY2026 revenue of $107.3 million, up 21.4% year-over-year, with non-GAAP gross margin at 33.8% and Adjusted EBITDA of $9.1 million. Balance sheet strengthened: cash rose to $64.8 million, net debt fell to $41.7 million. FY2026 guidance projects $440-460 million revenue, $45-55 million Adjusted EBITDA. Acquisitions fuel growth; integration risks loom.
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