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Aviat Networks Reports Fiscal 2026 Financial Results

Aviat Networks, Inc. (Nasdaq: AVNW), a leader in wireless transport and access solutions, has released its financial outcomes for the fourth quarter and entire fiscal year 2026, concluding on July 3, 2026. The company's performance highlights its continued growth trajectory and robust operational metrics.

Fourth Quarter Overview

In the fourth quarter of fiscal 2026, Aviat Networks achieved total revenues of $120.9 million, increasing by 4.8% from $115.3 million in the equivalent quarter of 2025. The revenue from North America surged substantially, reaching $68.3 million—a remarkable 17.8% year-over-year increase. This promising growth is attributed to enhanced relationships with mobile service providers and private network clients.

Despite the boost in revenue, the company reported a net loss of $1.3 million, leading to a diluted share loss of $(0.10). In contrast, the non-GAAP diluted earnings per share stood at $0.64, indicating strong operational management despite the loss.

Aviat’s Adjusted EBITDA for this quarter was $11.9 million, reflecting a drop from the previous year when it stood at $15.1 million. This downturn represents a need for continued strategic management as the company navigates market complexities.

Full Year Financial Results

In fiscal 2026, Aviat Networks generated total revenues of $439.7 million, marking a modest increase of 1.2% from $434.6 million the previous year. This increase exhibits consistent growth for the sixth consecutive year, underscoring the company's resilience in a competitive market.

The annual gross margin was recorded at 31.5%, slightly lower than the 32.1% seen in fiscal 2025. However, the operating income experienced substantial growth, reaching $19.2 million compared to $10.6 million the previous year.

The balance sheet remained solid with $72.8 million in cash and cash equivalents, alongside a manageable net debt of $24.2 million as of the fiscal year's end. This financial positioning is critical as Aviat Networks prepares for future investments and growth potential.

Conferences and Future Guidance

Looking ahead, Aviat Networks has set its revenue projections for fiscal 2027 between $455 to $470 million and estimates Adjusted EBITDA to range from $50 to $55 million. This outlook reflects optimism in the evolving telecom landscape and Aviat’s strategic positioning to capture further market share.

The company will host a conference call at 8:30 a.m. ET on August 27, 2026, to further discuss these results and provide additional insights into their operational strategies moving forward.

Aviat Networks maintains its reputation for delivering reliable services and products, with over one million systems sold in 170 countries globally. With plans for new product innovations and strategic initiatives, Aviat is on a promising path to strengthen its leadership in wireless connectivity solutions.

For more details, visit Aviat Networks' Investor Relations.