Jun 2026 (Q4 FY26) — Aug 27, 2026
Aviat Networks Q4 FY26 — Strong Revenue Growth and Record Backlog Driven by MDU Opportunity
Read the full callAviat Networks (AVNW) earnings
- Jul 2026
- Jun 2026 (Q4 FY26)
- Jul 2026
Aviat Networks earnings: last reported Thu, 27 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 121 | +4.8% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 4.8 | −2.9 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | -1.3 | −124.6% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 targets tracked, none judged yet · 6 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA | $50 million to $55 million | Jun 2026 | full year adjusted EBITDA to be in the range of $50 million to $55 million. | New |
6 of AVIAT NETWORKS, INC.'s 6 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 5 more targets are in the full ledger.
Claimed
- Quarterly revenues of $120.9 million, up 4.8% year-over-year, marking the first time in over a decade with all four quarters above $100 million.
- Year-end backlog of $367 million, up 14% versus the end of fiscal year 2025, setting the stage for FY27.
- Non-microwave (mission-critical access) product sales grew significantly versus FY25, diversifying the business.
- Adjusted EBITDA of $11.9 million (9.8% of revenues) and non-GAAP EPS of $0.64 for the quarter.
- Net debt position reduced to $24.2 million, with cash and marketable securities at $72.8 million and $13.6 million cash from operations for the full year.
Qualified
- Gross margins negatively affected by component shortages and associated price inflation, with Q4 GAAP gross margin at 30.8% (down from 34.2% YoY).
- Q1 FY27 is expected to be the lowest revenue quarter due to supply chain ramp-up and timing of wins, before building throughout the fiscal year.
Price
$19.74 +4.22% · +$0.8
Performance −15.2% 1Y
1Y: $23.28 on 17 Oct 2025 → $19.74. High $26.74 (4 Mar 2026), low $15.09 (5 May 2026).
- Previous close
- $18.94
- 52-week range
- $15.09 – $26.74
- One year
- −15.35%
Overview
- Symbol
- AVNW
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 targets tracked, none judged yet · 6 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA | $50 million to $55 million | Jun 2026 | full year adjusted EBITDA to be in the range of $50 million to $55 million. | New |
Claimed
- Quarterly revenues of $120.9 million, up 4.8% year-over-year, marking the first time in over a decade with all four quarters above $100 million.
- Year-end backlog of $367 million, up 14% versus the end of fiscal year 2025, setting the stage for FY27.
- Non-microwave (mission-critical access) product sales grew significantly versus FY25, diversifying the business.
- Adjusted EBITDA of $11.9 million (9.8% of revenues) and non-GAAP EPS of $0.64 for the quarter.
- Net debt position reduced to $24.2 million, with cash and marketable securities at $72.8 million and $13.6 million cash from operations for the full year.
Qualified
- Gross margins negatively affected by component shortages and associated price inflation, with Q4 GAAP gross margin at 30.8% (down from 34.2% YoY).
- Q1 FY27 is expected to be the lowest revenue quarter due to supply chain ramp-up and timing of wins, before building throughout the fiscal year.
The full ledger
Open AVIAT NETWORKS, INC.’s full ledger
A free account opens 5 company ledgers a month. All 6 tracked commitments, with each call’s wording and source.
Call summaries
Every analysed call
Aviat Networks earnings calls (AVNW)
Financials
What the filings say
Net profit, year on year: −125% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 88 | 118 | 113 | 115 | 107 | 111 | 100 | 121 |
| Operating profit | -16 | 8 | 9 | 9 | 5 | 7 | 1 | 6 |
| Operating margin | −17.6% | 6.7% | 8.3% | 7.7% | 4.8% | 6.5% | 0.9% | 4.8% |
| Profit before tax | -17 | 6 | 5 | 10 | 3 | 8 | -2 | 5 |
| Tax rate | 31.7% | 26.6% | 24.4% | 48.9% | 93.5% | 29.6% | 10.6% | 126.0% |
| Net profit | -12 | 4 | 4 | 5 | 0 | 6 | -2 | -1 |
| EPS ($ per share) | -0.94 | 0.35 | 0.28 | — | 0.01 | 0.44 | -0.16 | — |
| Line item | Jun 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -731 | -731 | -621 | -599 | -589 | -579 | -577 | -575 |
| Total liabilities | 98 | 111 | 114 | 122 | 144 | 279 | 370 | 332 |
| Fixed assets | 17 | 17 | 12 | 9 | 9 | 9 | 17 | 19 |
| Investments | — | — | 0 | 11 | 0 | — | — | — |
| Total assets | 169 | 180 | 298 | 324 | 363 | 535 | 633 | 599 |
| Line item | Jun 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3 | 17 | 17 | 3 | -2 | 31 | 6 | 14 |
| Cash from investing | -5 | -5 | -3 | -8 | -12 | -35 | -29 | -7 |
| Cash from financing | -3 | -3 | -8 | -5 | -1 | 49 | 19 | 6 |
| Net cash flow | -6 | 10 | 6 | -11 | -15 | 42 | -3 | 13 |
| Capital expenditure | -5 | -5 | -3 | -2 | -5 | -3 | -13 | -7 |
| Free cash flow | -2 | 13 | 14 | 1 | -7 | 28 | -7 | 6 |
Insider filings
33 filings between Nov 7, 2025 and Oct 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$1.15M
7 sales by 4 insiders
14% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 15
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 9
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SMITH PETE A | — | $855.9K | Aug 31, 2026 |
| Croke Gary | — | $193.6K | Aug 31, 2026 |
| TATEN BRUCE M. | — | $76.4K | Nov 11, 2025 |
| Boase Erin | — | $26.5K | Aug 31, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | SMITH PETE A President and CEO | Tax withheld | 8,990 | $186.7K |
| Oct 9, 2026 | Croke Gary SVP of Product and Innovation | Tax withheld | 788 | $16.4K |
| Oct 9, 2026 | Boase Erin VP Legal Affairs | Tax withheld | 847 | $17.6K |
| Oct 8, 2026 | Pakbaz khashayar SVP & Chief Operations Officer | Award | 9,794 | $0 |
| Sep 12, 2026 | Boase Erin VP Legal Affairs | Tax withheld | 442 | $9.2K |
| Sep 12, 2026 | SMITH PETE A President and CEO | Tax withheld | 9,927 | $205.8K |
| Sep 3, 2026 | Boase Erin VP Legal Affairs | Award | 6,211 | $0 |
| Sep 3, 2026 | SMITH PETE A President and CEO | Award | 60,041 | $0 |
| Sep 3, 2026 | Schmidt Andrew C SVP, Chief Financial Officer | Award | 9,474 | $0 |
| Sep 3, 2026 | Croke Gary SVP of Product and Innovation | Award | 5,839 | $0 |
| Aug 31, 2026 | SMITH PETE A President and CEO | Sale | 14,264 | $280.9K |
| Aug 31, 2026 | Boase Erin VP Legal Affairs | Sale | 1,347 | $26.5K |
| Aug 31, 2026 | Croke Gary SVP of Product and Innovation | Sale | 629 | $12.4K |
| Aug 28, 2026 | Boase Erin VP Legal Affairs | Award | 4,529 | $0 |
| Aug 28, 2026 | SMITH PETE A President and CEO | Tax withheld | 1,817 | $36.3K |
| Aug 28, 2026 | SMITH PETE A President and CEO | Award | 27,647 | $0 |
| Aug 28, 2026 | Croke Gary SVP of Product and Innovation | Tax withheld | 80 | $1.6K |
| Aug 28, 2026 | Croke Gary SVP of Product and Innovation | Award | 1,429 | $0 |
| Aug 28, 2026 | Boase Erin VP Legal Affairs | Tax withheld | 172 | $3.4K |
| Jul 7, 2026 | Croke Gary SVP of Product and Innovation | Tax withheld | 1,968 | $40.4K |
| Feb 9, 2026 | SMITH PETE A President and CEO | Option exercise 10b5-1 plan | 26,386 | $290.2K |
| Feb 9, 2026 | SMITH PETE A President and CEO | Sale 10b5-1 plan | 17,086 | $449.8K |
| Feb 6, 2026 | Croke Gary SVP of Product and Innovation | Sale | 6,914 | $181.2K |
| Feb 6, 2026 | Croke Gary SVP of Product and Innovation | Option exercise | 6,914 | $50.0K |
| Dec 3, 2025 | Schmidt Andrew C SVP, Chief Financial Officer | Award | 15,647 | $0 |
| Nov 11, 2025 | SMITH PETE A President and CEO | Sale | 5,350 | $125.1K |
| Nov 11, 2025 | TATEN BRUCE M. Director | Sale | 3,268 | $76.4K |
| Nov 7, 2025 | MUTCH JOHN Director | Award | 5,480 | $0 |
| Nov 7, 2025 | Halliday Scott K Director | Award | 5,480 | $0 |
| Nov 7, 2025 | Akkaraju Laxmi Director | Award | 5,480 | $0 |
| Nov 7, 2025 | Klein Michele Director | Award | 5,480 | $0 |
| Nov 7, 2025 | Ingram Bryan Director | Award | 5,480 | $0 |
| Nov 7, 2025 | TATEN BRUCE M. Director | Award | 5,480 | $0 |
| Oct 10, 2025 | Fredrickson Andrew Michael Interim CFO | Tax withheld | 214 | $4.5K |
| Oct 10, 2025 | SMITH PETE A President and CEO | Tax withheld | 8,990 | $189.1K |
| Oct 10, 2025 | Croke Gary SVP of Product and Innovation | Tax withheld | 786 | $16.5K |
| Oct 10, 2025 | Boase Erin VP Legal Affairs | Tax withheld | 847 | $17.8K |
| Sep 26, 2025 | Fredrickson Andrew Michael Interim CFO | Award | 1,941 | $0 |
| Sep 26, 2025 | Fredrickson Andrew Michael Interim CFO | Award | 2,662 | $0 |
| Sep 12, 2025 | SMITH PETE A President and CEO | Award | 70,316 | $0 |
| Sep 12, 2025 | Boase Erin VP Legal Affairs | Award | 5,437 | $0 |
| Sep 9, 2025 | SMITH PETE A President and CEO | Tax withheld | 78 | $1.8K |
| Sep 2, 2025 | Croke Gary SVP of Product and Innovation | Sale | 6,742 | $151.1K |
| Sep 2, 2025 | Croke Gary SVP of Product and Innovation | Option exercise | 6,742 | $60.0K |
| Sep 1, 2025 | SMITH PETE A President and CEO | Tax withheld | 13,834 | $317.6K |
| Sep 1, 2025 | Croke Gary SVP of Product and Innovation | Tax withheld | 504 | $11.6K |
| Sep 1, 2025 | Boase Erin VP Legal Affairs | Tax withheld | 694 | $15.9K |
| Aug 28, 2025 | Croke Gary SVP of Product and Innovation | Tax withheld | 181 | $4.2K |
| Aug 28, 2025 | SMITH PETE A President and CEO | Tax withheld | 4,052 | $94.2K |
| Aug 28, 2025 | Boase Erin VP Legal Affairs | Tax withheld | 389 | $9.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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