AVIAT NETWORKS, INC. (AVNW)
Q3-CY2026Q2-CY2026Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014
Balance Sheet Date2026-Jul-032026-Mar-272025-Dec-262025-Sep-262025-Jun-272025-Mar-282024-Dec-272024-Sep-272024-Jun-282024-Mar-292023-Dec-292023-Sep-292023-Jun-302023-Mar-312022-Dec-302022-Sep-302022-Jul-012022-Apr-012021-Dec-312021-Oct-012021-Jul-022021-Apr-022021-Jan-012020-Oct-022020-Jul-032020-Apr-032019-Dec-272019-Sep-272019-Jun-282019-Mar-292018-Dec-282018-Sep-282018-Jun-292018-Mar-302017-Dec-292017-Sep-292017-Jun-302017-Mar-312016-Dec-302016-Sep-302016-Jul-012016-Apr-012016-Jan-012015-Oct-022015-Jul-032015-Apr-032014-Dec-262014-Sep-26
Fiscal PeriodQ4-FY2026Q3-FY2026Q2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015
Total Revenue120,887,000$100,003,000$111,472,000$107,320,000$115,340,000$112,640,000$118,197,000$88,429,000$116,660,000$110,822,000$93,692,000$86,909,000$89,019,000$83,480,000$90,683,000$81,251,000$77,421,000$74,516,000$77,864,000$73,158,000$71,686,000$66,404,000$70,531,000$66,290,000$62,652,000$61,379,000$55,997,000$58,614,000$64,229,000$54,037,000$65,088,000$60,504,000$62,508,000$62,093,000$61,723,000$56,182,000$56,431,000$58,700,000$68,536,000$58,207,000$58,252,000$60,467,000$70,416,000$79,555,000$87,778,000$74,839,000$90,900,000$82,441,000$
QoQ%20.88%(10.29%)3.87%(6.95%)2.40%(4.70%)33.66%(24.20%)5.27%18.28%7.81%(2.37%)6.64%(7.94%)11.61%4.95%3.90%(4.30%)6.43%2.05%7.95%(5.85%)6.40%5.81%2.07%9.61%(4.47%)(8.74%)18.86%(16.98%)7.58%(3.21%).67%.60%9.86%(.44%)(3.87%)(14.35%)17.75%(.08%)(3.66%)(14.13%)(11.49%)(9.37%)17.29%(17.67%)10.26%(3.50%)
YoY%4.81%(11.22%)(5.69%)21.36%(1.13%)1.64%26.16%1.75%31.05%32.75%3.32%6.96%14.98%12.03%16.46%11.06%8.00%12.22%10.40%10.36%14.42%8.19%25.96%13.10%(2.46%)13.59%(13.97%)(3.12%)2.75%(12.97%)5.45%7.69%10.77%5.78%(9.94%)(3.48%)(3.13%)(2.92%)(2.67%)(26.83%)(33.64%)(19.20%)(22.54%)(3.50%)2.75%(8.06%)5.94%(11.73%)
Cost Of Revenue83,643,000$70,720,000$75,371,000$71,657,000$75,874,000$73,344,000$77,311,000$68,641,000$75,521,000$74,751,000$57,365,000$55,714,000$58,144,000$53,647,000$58,463,000$51,797,000$49,959,000$46,980,000$49,708,000$47,077,000$45,807,000$40,826,000$43,622,000$42,041,000$40,792,000$39,418,000$37,678,000$36,058,000$41,629,000$37,782,000$42,598,000$42,579,000$39,323,000$43,961,000$39,833,000$38,886,000$37,172,000$40,968,000$47,420,000$40,842,000$48,383,000$46,054,000$53,992,000$58,544,000$69,088,000$58,800,000$66,900,000$60,400,000$
Gross Profit37,244,000$29,283,000$36,101,000$35,663,000$39,466,000$39,296,000$40,886,000$19,788,000$41,139,000$36,071,000$36,327,000$31,195,000$30,875,000$29,833,000$32,220,000$29,454,000$27,462,000$27,536,000$28,156,000$26,081,000$25,879,000$25,578,000$26,909,000$24,249,000$21,860,000$21,961,000$18,319,000$22,556,000$22,600,000$16,255,000$22,490,000$17,925,000$23,185,000$18,132,000$21,890,000$17,296,000$19,259,000$17,732,000$21,116,000$17,365,000$9,869,000$14,413,000$16,424,000$21,011,000$18,628,000$16,046,000$23,974,000$22,042,000$
Gross Margin30.81%29.28%32.39%33.23%34.22%34.89%34.59%22.38%35.26%32.55%38.77%35.89%34.68%35.74%35.53%36.25%35.47%36.95%36.16%35.65%36.10%38.52%38.15%36.58%34.89%35.78%32.71%38.48%35.19%30.08%34.55%29.63%37.09%29.20%35.47%30.79%34.13%30.21%30.81%29.83%16.94%23.84%23.32%26.41%21.22%21.44%26.37%26.74%
Operating Expenses31,422,000$28,344,000$28,814,000$30,474,000$30,587,000$30,002,000$32,916,000$35,356,000$35,684,000$30,404,000$32,938,000$26,305,000$26,342,000$22,337,000$23,542,000$25,541,000$22,221,000$20,054,000$18,948,000$19,267,000$22,147,000$21,543,000$19,031,000$17,684,000$19,740,000$20,725,000$19,816,000$21,037,000$20,098,000$18,758,000$19,607,000$19,439,000$22,171,000$19,497,000$18,996,000$18,522,000$19,905,000$17,659,000$18,603,000$20,290,000$23,125,000$22,007,000$21,422,000$22,609,000$23,820,000$27,700,000$27,700,000$27,400,000$
Operating Income5,822,000$939,000$7,287,000$5,189,000$8,879,000$9,294,000$7,970,000$(15,568,000$)5,455,000$5,667,000$3,389,000$4,890,000$4,533,000$7,496,000$8,678,000$3,913,000$5,241,000$7,482,000$9,208,000$6,814,000$3,732,000$4,035,000$7,878,000$6,565,000$2,120,000$1,236,000$(1,497,000$)1,519,000$2,502,000$(2,503,000$)2,883,000$(1,514,000$)1,014,000$(1,365,000$)2,894,000$(1,226,000$)(646,000$)73,000$2,513,000$(2,925,000$)(13,256,000$)(7,594,000$)(4,998,000$)(1,598,000$)(5,104,000$)(11,699,000$)(3,748,000$)(5,379,000$)
Operating Margin4.82%.94%6.54%4.84%7.70%8.25%6.74%(17.61%)4.68%5.11%3.62%5.63%5.09%8.98%9.57%4.82%6.77%10.04%11.83%9.31%5.21%6.08%11.17%9.90%3.38%2.01%(2.67%)2.59%3.90%(4.63%)4.43%(2.50%)1.62%(2.20%)4.69%(2.18%)(1.15%).12%3.67%(5.03%)(22.76%)(12.56%)(7.10%)(2.01%)(5.82%)(15.63%)(4.12%)(6.53%)
Interest Income0$0$0$0$0$0$0$0$0$0$0$0$0$0$28,000$128,000$38,000$36,000$67,000$112,000$120,000$86,000$100,000$73,000$43,000$51,000$49,000$49,000$42,000$58,000$93,000$42,000$72,000$54,000$57,000$58,000$55,000$82,000$60,000$100,000$100,000$100,000$
Interest Expenses2,211,000$1,848,000$1,908,000$1,712,000$1,806,000$1,557,000$1,580,000$1,115,000$916,000$928,000$394,000$99,000$322,000$122,000$0$0$0$1,000$31,000$19,000$1,000$3,000$14,000$7,000$76,000$5,000$5,000$5,000$13,000$6,000$22,000$7,000$3,000$18,000$6,000$5,000$84,000$9,000$88,000$0$200,000$100,000$
Income Before Tax4,901,000$(2,309,000$)8,123,000$2,504,000$10,179,000$4,669,000$6,121,000$(17,393,000$)4,609,000$4,676,000$3,632,000$3,989,000$3,977,000$7,068,000$9,138,000$1,131,000$7,318,000$7,307,000$8,968,000$6,842,000$3,761,000$4,163,000$7,916,000$6,600,000$2,156,000$1,329,000$(1,378,000$)1,602,000$2,606,000$(2,438,000$)2,850,000$(1,468,000$)1,058,000$(1,375,000$)2,787,000$(1,204,000$)(570,000$)449,000$2,587,000$(3,071,000$)(14,450,000$)(7,541,000$)(5,027,000$)(1,525,000$)(5,158,000$)(11,600,000$)(3,800,000$)(5,400,000$)
Tax Expenses6,177,000$(244,000$)2,405,000$2,342,000$4,982,000$1,141,000$1,626,000$(5,514,000$)3,060,000$806,000$1,848,000$432,000$1,997,000$2,179,000$3,092,000$3,877,000$2,785,000$1,278,000$3,052,000$2,160,000$930,000$(90,568,000$)1,275,000$664,000$1,013,000$598,000$293,000$1,548,000$(1,233,000$)(6,777,000$)540,000$(718,000$)1,152,000$1,015,000$(2,564,000$)(639,000$)842,000$779,000$865,000$(2,470,000$)779,000$361,000$507,000$(12,000$)(3,710,000$)1,500,000$600,000$300,000$
Net Income(1,276,000$)(2,065,000$)5,718,000$162,000$5,197,000$3,528,000$4,495,000$(11,879,000$)1,549,000$3,870,000$1,784,000$3,557,000$1,980,000$4,889,000$6,046,000$(2,746,000$)4,533,000$6,029,000$5,916,000$4,682,000$2,831,000$94,731,000$6,641,000$5,936,000$1,143,000$731,000$(1,671,000$)54,000$3,839,000$4,339,000$2,310,000$(750,000$)(94,000$)(2,390,000$)5,351,000$(565,000$)(1,412,000$)(330,000$)1,722,000$(601,000$)(15,141,000$)(7,808,000$)(5,534,000$)(1,154,000$)(1,372,000$)(13,167,000$)(4,549,000$)(5,466,000$)
Profit Margin(1.06%)(2.07%)5.13%.15%4.51%3.13%3.80%(13.43%)1.33%3.49%1.90%4.09%2.22%5.86%6.67%(3.38%)5.86%8.09%7.60%6.40%3.95%142.66%9.42%8.96%1.82%1.19%(2.98%).09%5.98%8.03%3.55%(1.24%)(.15%)(3.85%)8.67%(1.01%)(2.50%)(.56%)2.51%(1.03%)(25.99%)(12.91%)(7.86%)(1.45%)(1.56%)(17.59%)(5.00%)(6.63%)
TTM.58%2.08%3.27%2.95%.31%(.53%)(.45%)(1.14%)2.64%2.94%3.46%4.71%2.95%3.82%4.28%4.42%6.98%6.55%37.41%38.64%40.06%40.79%5.54%2.49%.11%1.23%2.82%4.36%3.99%2.40%(.37%).86%.95%.42%1.31%(.24%)(.26%)(5.89%)(8.89%)(11.76%)(11.03%)(5.32%)(6.79%)(6.08%)(7.31%)(10.94%)(11.15%)(12.85%)
Earnings to Minority(148,000$)233,000$280,000$92,000$61,000$69,000$44,000$28,000$10,000$66,000$145,000$49,000$71,000$0$0$0$
Earnings to Common Shareholders(1,276,000$)(2,065,000$)5,718,000$162,000$5,197,000$3,528,000$4,495,000$(11,879,000$)1,549,000$3,870,000$1,784,000$3,557,000$1,980,000$4,889,000$6,046,000$(2,746,000$)4,533,000$6,029,000$5,916,000$4,682,000$2,831,000$94,731,000$6,641,000$5,936,000$1,143,000$731,000$(1,671,000$)54,000$3,839,000$4,339,000$2,310,000$(750,000$)54,000$(2,623,000$)5,071,000$(657,000$)(1,473,000$)(399,000$)1,678,000$(629,000$)(15,151,000$)(7,874,000$)(5,679,000$)(1,203,000$)(1,443,000$)(13,167,000$)(4,549,000$)(5,466,000$)
QoQ%38.21%(136.11%)3,429.63%(96.88%)47.31%(21.51%)137.84%(866.88%)(59.97%)116.93%(49.85%)79.65%(59.50%)(19.14%)320.18%(160.58%)(24.81%)1.91%26.36%65.38%(97.01%)1,326.46%11.88%419.34%56.36%143.75%(3,194.44%)(98.59%)(11.52%)87.84%408.00%(1,488.89%)102.06%(151.73%)871.84%55.40%(269.17%)(123.78%)366.77%95.85%(92.42%)(38.65%)(372.07%)16.63%89.04%(189.45%)16.78%58.90%
YoY%(124.55%)(158.53%)27.21%101.36%235.51%(8.84%)151.96%(433.96%)(21.77%)(20.84%)(70.49%)229.53%(56.32%)(18.91%)2.20%(158.65%)60.12%(93.64%)(10.92%)(21.13%)147.68%12,859.10%497.43%10,892.59%(70.23%)(83.15%)(172.34%)107.20%7,009.26%265.42%(54.45%)(14.16%)103.67%(557.39%)202.21%(4.45%)90.28%94.93%129.55%47.71%(949.97%)40.20%(24.84%)77.99%89.15%9.82%53.10%59.51%
Earnings Per Share, Basic(0.10$)(0.16$)0.44$0.01$0.41$0.28$0.35$(0.94$)0.12$0.31$0.15$0.31$0.17$0.43$0.53$(0.25$)0.41$0.54$0.52$0.42$0.25$8.49$0.60$0.55$0.05$0.07$(0.31$)0.01$0.14$0.81$0.43$(0.14$)0.01$(0.49$)0.95$(0.12$)(0.28$)(0.08$)0.32$(0.12$)(2.88$)(1.50$)(1.09$)(0.23$)0.01$(0.21$)(0.07$)(0.09$)
Earnings Per Share, Diluted(0.10$)(0.16$)0.44$0.01$0.40$0.27$0.35$(0.94$)0.12$0.30$0.15$0.30$0.16$0.41$0.51$(0.25$)0.39$0.51$0.49$0.39$0.23$8.00$0.58$0.54$0.05$0.07$(0.31$)0.01$0.14$0.78$0.41$(0.14$)0.01$(0.49$)0.90$(0.12$)(0.28$)(0.08$)0.31$(0.12$)(2.88$)(1.50$)(1.09$)(0.23$)0.01$(0.21$)(0.07$)(0.09$)
Unlevered FCF Per Share, Basic0.19$(0.42$)1.75$(1.06$)0.65$(0.09$)1.44$(2.58$)0.60$1.18$(0.64$)1.15$0.62$(0.44$)(0.20$)(0.61$)1.16$(0.79$)(0.29$)0.03$0.24$0.26$0.51$0.30$0.10$0.21$0.74$0.81$(0.13$)0.94$0.89$(1.60$)(0.11$)(0.67$)0.43$0.66$(0.91$)0.90$0.66$0.37$(1.33$)0.03$0.81$0.27$0.00$(0.02$)(0.09$)(0.10$)
Unlevered FCF Per Share, Diluted0.19$(0.42$)1.73$(1.04$)0.63$(0.09$)1.43$(2.58$)0.58$1.16$(0.63$)1.11$0.57$(0.42$)(0.19$)(0.61$)1.10$(0.75$)(0.28$)0.03$0.21$0.25$0.49$0.29$0.10$0.21$0.74$0.79$(0.13$)0.91$0.85$(1.60$)(0.09$)(0.67$)0.41$0.66$(0.93$)0.90$0.65$0.37$(1.33$)0.03$0.81$0.27$0.00$(0.02$)(0.09$)(0.10$)
Average Shares, Basic12,854,00012,918,00012,856,00012,760,00012,700,00012,689,00012,689,00012,646,00012,598,00012,555,00012,001,00011,574,00011,472,00011,413,00011,347,00011,200,00011,027,00011,173,00011,309,00011,159,00011,162,00011,152,00011,008,00010,822,00021,564,00010,790,0005,427,0005,347,00026,872,0005,381,0005,397,0005,366,0005,355,0005,344,0005,329,0005,316,0005,315,0005,310,0005,284,0005,259,0005,261,0005,255,0005,230,0005,206,000-165,664,00062,300,00062,100,00062,000,000
Average Shares, Diluted13,209,00012,918,00013,005,00012,976,00013,036,00012,838,00012,784,00012,646,00012,873,00012,779,00012,229,00011,943,00012,531,00011,884,00011,805,00011,200,00011,605,00011,761,00011,960,00011,954,00012,398,00011,842,00011,420,00011,092,00021,873,00010,914,0005,427,0005,530,00028,374,0005,577,0005,627,0005,366,0006,304,0005,344,0005,624,0005,316,0005,199,0005,310,0005,400,0005,259,0005,261,0005,255,0005,230,0005,206,000-165,664,00062,300,00062,100,00062,000,000
EBIT7,112,000$(461,000$)10,031,000$4,216,000$11,985,000$6,226,000$7,701,000$(16,278,000$)5,525,000$5,604,000$4,026,000$4,088,000$4,299,000$7,190,000$9,138,000$1,131,000$7,318,000$7,307,000$8,968,000$6,842,000$3,761,000$4,163,000$7,916,000$6,601,000$2,187,000$1,348,000$(1,377,000$)1,605,000$2,620,000$(2,431,000$)2,926,000$(1,463,000$)1,063,000$(1,370,000$)2,800,000$(1,198,000$)(548,000$)456,000$2,590,000$(3,053,000$)(14,444,000$)(7,536,000$)(4,943,000$)(1,516,000$)(5,070,000$)(11,600,000$)(3,600,000$)(5,300,000$)
EBITDA8,269,000$239,000$10,931,000$4,679,000$13,364,000$7,426,000$9,201,000$(14,961,000$)6,439,000$6,608,000$4,931,000$5,256,000$5,581,000$8,618,000$10,559,000$2,475,000$8,337,000$8,358,000$10,097,000$8,106,000$5,128,000$5,518,000$9,323,000$7,855,000$3,348,000$2,459,000$(300,000$)2,643,000$3,680,000$(1,407,000$)4,022,000$(175,000$)2,281,000$21,000$4,108,000$84,000$752,000$1,860,000$4,057,000$(1,383,000$)(12,840,000$)(5,868,000$)(3,271,000$)188,000$(3,128,000$)(9,800,000$)(1,700,000$)(3,700,000$)