Logo

AVNW

Aviat Networks, Inc.

AVNW

Aviat Networks, Inc. • NASDAQ
$22.11 ▲ 1.84% (+0.40)
Market Cap $281.00 M
52w High $26.83
52w Low $15.72
Dividend Yield 0%
P/E 21.06
Volume 57.57K
Outstanding Shares 12.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $107.32M ▼ $31.064M ▲ $162K ▼ 0.151% ▼ $0.013 ▼ $6.227M ▼
Q4-2025 $112.64M $30.002M $3.528M 3.132% $0.28 $8.056M
Q3-2025 $112.64M ▼ $30.002M ▼ $3.528M ▼ 3.132% ▼ $0.28 ▼ $8.056M ▼
Q2-2025 $118.197M ▲ $32.916M ▼ $4.495M ▲ 3.803% ▲ $0.35 ▲ $9.974M ▲
Q1-2025 $88.429M $35.356M $-11.879M -13.433% $-0.94 $-13.738M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $64.831M ▲ $643.316M ▲ $379.68M ▲ $263.636M ▲
Q4-2025 $59.69M ▲ $633.296M ▲ $370.113M ▼ $263.183M ▲
Q3-2025 $49.429M ▼ $628.337M ▲ $372.221M ▲ $256.116M ▲
Q2-2025 $52.583M ▲ $594.111M ▲ $344.524M ▲ $249.587M ▲
Q1-2025 $51.034M $590.857M $343.745M $247.112M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $3.528M ▼ $1.624M ▼ $-2.795M ▼ $-1.032M ▼ $-1.815M ▼ $-1.171M ▼
Q4-2025 $5.197M ▲ $10.511M ▲ $-2.267M ▲ $1.095M ▲ $10.334M ▲ $8.244M ▲
Q3-2025 $3.528M ▼ $1.624M ▼ $-2.795M ▼ $-1.032M ▲ $-1.815M ▼ $-1.171M ▼
Q2-2025 $4.495M ▲ $20.751M ▲ $-2.294M ▲ $-15.672M ▼ $1.318M ▲ $18.264M ▲
Q1-2025 $-11.879M $-27.165M $-21.175M $34.289M $-12.758M $-32.586M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Product
Product
 $80.00M ▲$80.00M ▲$70.00M ▼$80.00M ▲
Service
Service
 $40.00M ▲$40.00M ▲$50.00M ▲$30.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the past five years, showing that demand is growing and the company is winning more business. Gross profit has improved in line with this, suggesting pricing and cost control have generally held up. However, operating profit has stayed relatively modest, and recent net earnings are small compared with an unusually strong year earlier in the period that likely reflected one‑off benefits. Overall, it looks like a stable, modestly profitable business that is growing the top line, but not yet converting that fully into consistently strong bottom‑line results.

Balance Sheet

Balance Sheet The balance sheet has expanded over time, with total assets and shareholders’ equity both trending upward, which points to gradual strengthening of the company’s financial base. Cash on hand has stayed fairly steady at a moderate level, while debt has appeared and increased somewhat but still looks manageable relative to the overall size of the business. The pattern suggests a company that is investing for growth and using some leverage, but not in an obviously aggressive or risky way, with a capital structure that appears balanced rather than stretched.

Cash Flow

Cash Flow Operating cash flow has generally been positive but not large, mirroring the modest profit levels. Free cash flow has hovered around breakeven, occasionally dipping slightly negative and then turning positive again, which indicates that the business can usually fund its limited investment needs from internal cash generation. Capital spending appears light, so this is not a highly capital‑intensive model, but the cash profile also does not yet show the kind of strong, recurring surplus that would signal a cash‑rich, highly mature business. Cash discipline and working capital management remain important swing factors here.

Competitive Edge

Competitive Edge Aviat sits in a focused niche within communication equipment, concentrating on wireless transport for 5G, rural broadband, and mission‑critical private networks. Its end‑to‑end offering—combining radios, routers, software, and services—gives it a “one‑vendor” appeal for customers who value reliability and simplicity. The company’s strong presence in private networks for utilities, public safety, and government adds resilience, since these buyers are less tied to typical mobile operator spending cycles. At the same time, Aviat still faces intense competition from much larger telecom equipment makers and must continually prove that its specialized, cost‑efficient solutions justify their place in customers’ networks.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. Aviat’s multi‑band radio platforms, high‑power microwave products, and planning and management software are designed to reduce total cost of ownership while boosting performance, especially for 5G backhaul and hard‑to‑reach rural areas. The company is extending into private LTE and 5G routers for mission‑critical uses, broadening its addressable market. A new R&D hub in India is intended to accelerate product development across hardware and software. The key question is execution: how effectively Aviat can turn this pipeline—especially in 5G, rural broadband, and private networks—into differentiated products that maintain a technological edge over larger rivals.

Summary

Overall, Aviat shows a picture of steady revenue growth, modest but positive profitability, and a generally sound balance sheet with manageable leverage. Cash generation is adequate but not yet robust, reflecting a business that is still in a scale‑and‑invest phase rather than a cash‑harvesting one. Competitively, its strength lies in specialized wireless transport solutions and mission‑critical private networks, supported by a growing suite of integrated hardware, software, and services. The company’s future appears tightly tied to how well it capitalizes on 5G rollout, rural broadband funding, and private LTE/5G adoption, and whether its ongoing R&D investments can keep it ahead in performance, reliability, and total cost of ownership.

NEWS

November 17, 2025 · 9:00 AM UTC

Aviat Networks to Host Fireside Chat and Participate in 14th Annual Roth Technology Conference

Read more

November 4, 2025 · 4:15 PM UTC

Aviat Networks Announces Fiscal 2026 First Quarter and Three Month Financial Results

Read more

October 28, 2025 · 4:30 PM UTC

Aviat Networks Sets Date for Its Fiscal 2026 First Quarter Financial Results Conference Call and Announces Participation in Upcoming Investor Conferences

Read more

September 29, 2025 · 5:00 PM UTC

Aviat Networks and Intracom Telecom Partnership Delivers Fixed Wireless Access (FWA) Solutions

Read more

September 10, 2025 · 4:01 PM UTC

Aviat Networks Announces Fiscal 2025 Fourth Quarter and Twelve Months Financial Results

Read more