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Aviat Networks, Inc. (AVNW) stock

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NASDAQ: AVNW Nasdaq Communications Equipment Next results ~November 10, 2026

C+ Fundamentals grade

Aviat Networks, Inc. is a US-listed company in the communications equipment industry. Its financial year ends in June.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds67 adding, 60 cuttingOf 28 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Aviat Networks files

Where Aviat Networks stands after its latest 10-K

Revenue for the twelve months to July 2026 was $440m, up 1.2% on a year earlier, against a decline of 0.4% a quarter earlier.

Our model value for Aviat Networks is under review, so past values are not shown until it is resolved.

Source: 10-K filed August 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Aviat Networks, Inc.'s trailing-twelve-month revenue grew 1.2% year on year, with a free-cash-flow margin of 1.4%.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 17% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

Nothing in Aviat Networks, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 58% and a beta of 1.7 against the S&P 500.
  • Short interest rising. Shares sold short rose 16% in a month to 9.5% of tradable shares.

Latest results: FY2026 Q4

Filed August 27, 2026
Earnings per share
$0.64 against an average estimate of $0.55: beat by 17.3%
Revenue
$121m, up 4.8% on a year earlier
Share reaction
-4.4% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Next report
November 10, 2026; average EPS estimate $0.30

Aviat Networks' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.9%
  • 1 week+0.6%
  • 1 month-4.3%
  • This year-7.4%
  • 1 year-20.7%
  • 5 years-36.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$440M
Operating margin
4.4%
Net margin
0.6%
EPS (TTM, diluted)
$0.19

Growth

Revenue growth
+1.2%
Change in growth rate
+1.6 pts
Share count change
+1.6%

Earnings

Last results
August 27, 2026
Next results (est.)
November 26, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Announcement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

No model value for Aviat Networks, Inc. at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Aviat Networks, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.99 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$4.7 ~$3.9–$7.8 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$9.5 ~$6.0–$15 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$4.5 ~$3.9–$5.3 Included
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Aviat Networks, Inc. with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

46 /100

Moderate moat

How hard Aviat Networks's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 19 / 20

    Cash operating profit has been a median 14.3% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 34.3%, moving by 2.1 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 3.4%; its worst year was -0.4%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 1.0% of revenue.

  • Discipline 13 / 20

    The diluted share count rose 11.5% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (51 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, before the open. Analysts expect revenue of $104m and EPS of $0.30 (range $0.10 to $0.51) for the quarter.

Analysts' consensus

Aviat Networks, Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $2.55 +53% $464m +6%
Next $2.99 +17% $494m +7%

Next year's EPS estimate has moved +1.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −10.0% on 90 days ago. In the last 30 days, 0 analysts raised Aviat Networks, Inc.'s forecast and 6 cut it.

Consensus EPS forecast Aviat Networks, Inc., last 90 days
$2.40 $2.60 $2.80 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.83 Current fiscal year, 60 days ago: $2.62 Current fiscal year, 30 days ago: $2.55 Current fiscal year, 7 days ago: $2.55 Current fiscal year, Now: $2.55 $2.55 Next fiscal year, 90 days ago: $2.95 Next fiscal year, 60 days ago: $2.95 Next fiscal year, 30 days ago: $2.99 Next fiscal year, 7 days ago: $2.99 Next fiscal year, Now: $2.99 $2.99

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.83$2.95
60 days ago $2.62$2.95
30 days ago $2.55$2.99
7 days ago $2.55$2.99
Now $2.55$2.99

Earnings against estimates

Aviat Networks, Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Jun 2026 $0.55 $0.64 +17.3%
Mar 2026 $0.44 $0.06 −86.4%
Dec 2025 $0.50 $0.54 +8.0%
Sept 2025 $0.28 $0.43 +50.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

8 analysts, Oct 2026
Buy8100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026178
  2. Sep 2026178
  3. Aug 2026178
  4. Jul 2026178

Counts of recommendations published by analysts covering Aviat Networks, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.5%
of tradable shares
Days to cover
10.62
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
85%
of shares
Held by insiders
9.4%
of shares
Employees
898
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −20.7%

$24.96 on October 31, 2025 to $19.79

Aviat Networks, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $435m $440m +1.2%
Net margin 0.3% 0.6% +87.2%
P/E multiple n/m 101.5x −57.5%
Share count 13m 13m −1.5%

Biggest factor: p/e multiple.

Last 3 years −35.1%

$30.51 on November 3, 2023 to $19.79

Aviat Networks, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $344m $440m +27.7%
Net margin 3.0% 0.6% −80.4%
P/E multiple 35.6x 101.5x +185.5%
Share count 12m 13m −9.0%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Aviat Networks, Inc.: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
AVNW+88%−3%+5%−45%+18%−7%
Industry peers (median)+17%−18%−12%+33%+1%−3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AVNW58%33%50%33%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AVNW−33%−28%−36%−64%−38%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 69% from May 9, 2017 to March 23, 2020. Getting back needed a 218% gain, reached on November 9, 2020, 231 days after the low.

Price behaviour

52-week range
$15.09 – $26.74
From 52-week high
−26.0%
vs 50-day average
−1.2%
vs 200-day average
−6.5%
Volatility (1 year)
58%
Beta vs S&P 500
1.73

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±15.5%
After a week
5 up, 7 down
typical move ±13.1%
After a month
4 up, 8 down
typical move ±9.5%
Aviat Networks, Inc.: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 −4.4% +0.4% −7.6% −5.3%
May 4, 2026 −34.7% +0.4% −31.4% −24.7%
February 3, 2026 +12.9% −1.3% +15.2% +13.5%
November 4, 2025 −0.6% −0.8% −7.0% −15.7%
September 10, 2025 +14.2% +1.1% +4.9% −0.3%
August 27, 2025 −1.2% +0.6% −4.7% −4.2%
May 6, 2025 +8.3% −0.4% +9.5% +14.2%
February 4, 2025 +34.8% +1.1% +17.4% +5.6%
November 5, 2024 −31.9% +3.7% −30.4% −15.1%
October 4, 2024 +15.1% 0.0% +15.3% +1.9%
September 11, 2024 −12.8% +1.9% −7.8% −6.1%
May 1, 2024 −15.1% +0.6% −6.5% −7.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Aviat Networks, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Aviat Networks, Inc.
$350M $400M $450M $500M FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $350.1M Revenue (TTM), FY24 Q2: $353.1M Revenue (TTM), FY24 Q3: $380.4M Revenue (TTM), FY24 Q4: $408.1M Revenue (TTM), FY25 Q1: $409.6M Revenue (TTM), FY25 Q2: $434.1M Revenue (TTM), FY25 Q3: $435.9M Revenue (TTM), FY25 Q4: $434.6M Revenue (TTM), FY26 Q1: $453.5M Revenue (TTM), FY26 Q2: $446.8M Revenue (TTM), FY26 Q3: $434.1M Revenue (TTM), FY26 Q4: $439.7M $439.7M

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $350.1M
FY24 Q2 $353.1M
FY24 Q3 $380.4M
FY24 Q4 $408.1M
FY25 Q1 $409.6M
FY25 Q2 $434.1M
FY25 Q3 $435.9M
FY25 Q4 $434.6M
FY26 Q1 $453.5M
FY26 Q2 $446.8M
FY26 Q3 $434.1M
FY26 Q4 $439.7M
Revenue growth, TTM YoY Aviat Networks, Inc.
-10% 0% 10% 20% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 12.6% Revenue growth, TTM YoY, FY24 Q2: 9.0% Revenue growth, TTM YoY, FY24 Q3: 14.3% Revenue growth, TTM YoY, FY24 Q4: 18.5% Revenue growth, TTM YoY, FY25 Q1: 17.0% Revenue growth, TTM YoY, FY25 Q2: 22.9% Revenue growth, TTM YoY, FY25 Q3: 14.6% Revenue growth, TTM YoY, FY25 Q4: 6.5% Revenue growth, TTM YoY, FY26 Q1: 10.7% Revenue growth, TTM YoY, FY26 Q2: 2.9% Revenue growth, TTM YoY, FY26 Q3: -0.4% Revenue growth, TTM YoY, FY26 Q4: 1.2% 1.2%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 12.6%
FY24 Q2 9.0%
FY24 Q3 14.3%
FY24 Q4 18.5%
FY25 Q1 17.0%
FY25 Q2 22.9%
FY25 Q3 14.6%
FY25 Q4 6.5%
FY26 Q1 10.7%
FY26 Q2 2.9%
FY26 Q3 -0.4%
FY26 Q4 1.2%
Operating margin (TTM) Aviat Networks, Inc.
-2% 0% 2% 4% 6% 8% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 7.3% Operating margin (TTM), FY24 Q2: 5.8% Operating margin (TTM), FY24 Q3: 4.9% Operating margin (TTM), FY24 Q4: 4.8% Operating margin (TTM), FY25 Q1: -0.3% Operating margin (TTM), FY25 Q2: 0.8% Operating margin (TTM), FY25 Q3: 1.6% Operating margin (TTM), FY25 Q4: 2.4% Operating margin (TTM), FY26 Q1: 6.9% Operating margin (TTM), FY26 Q2: 6.9% Operating margin (TTM), FY26 Q3: 5.1% Operating margin (TTM), FY26 Q4: 4.4% 4.4%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 7.3%
FY24 Q2 5.8%
FY24 Q3 4.9%
FY24 Q4 4.8%
FY25 Q1 -0.3%
FY25 Q2 0.8%
FY25 Q3 1.6%
FY25 Q4 2.4%
FY26 Q1 6.9%
FY26 Q2 6.9%
FY26 Q3 5.1%
FY26 Q4 4.4%
FCF margin (TTM) Aviat Networks, Inc.
-5% 0% 5% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 3.7% FCF margin (TTM), FY24 Q2: 2.2% FCF margin (TTM), FY24 Q3: 7.2% FCF margin (TTM), FY24 Q4: 6.8% FCF margin (TTM), FY25 Q1: -4.4% FCF margin (TTM), FY25 Q2: 1.8% FCF margin (TTM), FY25 Q3: -1.8% FCF margin (TTM), FY25 Q4: -1.7% FCF margin (TTM), FY26 Q1: 2.6% FCF margin (TTM), FY26 Q2: 3.6% FCF margin (TTM), FY26 Q3: 2.7% FCF margin (TTM), FY26 Q4: 1.4% 1.4%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 3.7%
FY24 Q2 2.2%
FY24 Q3 7.2%
FY24 Q4 6.8%
FY25 Q1 -4.4%
FY25 Q2 1.8%
FY25 Q3 -1.8%
FY25 Q4 -1.7%
FY26 Q1 2.6%
FY26 Q2 3.6%
FY26 Q3 2.7%
FY26 Q4 1.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Aviat Networks, Inc.: annual financial statements
Fiscal year 2010 Jul 2010 2011 Jul 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jul 2015 2016 Jul 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jul 2020 2021 Jul 2021 2022 Jul 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jul 2026
Income
Revenue 466 452 444 471 346 336 269 242 243 244 239 275 303 344 408 435 440
Gross profit 133 128 132 138 85 81 62 75 81 79 85 103 109 122 145 139 138
EBITDA −92 −30 −8 6 −44 −19 −21 5 7 6 8 28 33 30 23 16 22
Operating income −112 −38 −13 0 −51 −26 −27 −1 1 1 3 22 29 25 19 11 19
Net income −130 −91 −24 −17 −51 −25 −30 −1 2 10 0 110 21 10 11 1 3
Diluted EPS −$13.14 −$9.24 −$2.46 −$1.68 −$4.97 −$2.38 −$2.85 −$0.08 $0.17 $0.87 $0.02 $9.42 $1.79 $0.86 $0.86 $0.10 $0.19
Growth (year on year)
Revenue — −2.9% −1.8% +6.1% −26.6% −2.9% −20.0% −10.0% +0.3% +0.6% −2.1% +15.2% +10.2% +13.7% +18.5% +6.5% +1.2%
EBITDA — — — — — — — — +34.2% −10.4% +33.1% +255.4% +20.3% −9.4% −22.3% −32.0% +41.3%
Operating income — — — — — — — — — — — — +29.4% −14.4% −21.2% −45.5% +81.9%
Net income — — — — — — — — — — −97.4% — −80.8% −51.9% +5.8% −87.5% —
Diluted EPS — — — — — — — — — — −97.7% — −81.0% −52.0% 0.0% −88.4% —
Margins
Gross margin 28.5% 28.3% 29.7% 29.4% 24.6% 24.0% 23.0% 31.2% 33.2% 32.5% 35.5% 37.3% 36.1% 35.5% 35.5% 32.1% 31.5%
EBITDA margin −19.7% −6.5% −1.9% 1.2% −12.6% −5.6% −7.7% 2.0% 2.7% 2.4% 3.3% 10.0% 11.0% 8.7% 5.7% 3.7% 5.1%
Operating margin −24.0% −8.4% −3.0% 0.0% −14.6% −7.7% −10.2% −0.4% 0.5% 0.6% 1.4% 8.1% 9.5% 7.1% 4.8% 2.4% 4.4%
Net margin −28.0% −20.0% −5.4% −3.5% −14.8% −7.3% −11.1% −0.3% 0.8% 4.0% 0.1% 40.1% 7.0% 3.0% 2.6% 0.3% 0.6%
Free-cash-flow margin 2.2% −10.8% 0.6% −0.4% −11.2% −4.0% −0.5% 2.2% 0.7% −0.9% 5.4% 5.3% 0.3% −2.0% 6.8% −1.7% 1.4%
Cash flow
Cash from operations 23 −42 8 8 −29 −10 0 9 8 3 17 17 3 −2 31 6 14
Capital spending 13 7 6 10 9 4 2 4 7 5 5 3 2 5 3 13 7
Free cash flow 10 −49 3 −2 −39 −13 −1 5 2 −2 13 14 1 −7 28 −7 6
Stock-based pay 3 5 5 6 3 2 2 2 2 2 2 3 4 7 7 7 6
Free cash flow after stock pay 7 −54 −3 −8 −42 −15 −3 3 −1 −4 11 12 −3 −14 21 −14 −0
Balance sheet
Cash 142 98 96 90 49 35 30 36 37 32 42 48 37 22 65 60 73
Total debt 0 — 13 9 — 18 18 9 9 9 9 0 — 0 49 88 97
Net debt (negative = net cash) −142 −98 −83 −81 −49 −17 −12 −27 −28 −23 −33 −48 −37 −22 −16 28 24
Diluted shares 10m 10m 10m 10m 10m 10m 10m 11m 11m 11m 11m 12m 12m 12m 12m 13m 13m
Returned to shareholders
Buybacks — — — — — — — 0 0 2 2 0 0 — — — —
Total returned — — — — — — — 0 0 2 2 0 0 — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Diluted share count
+1.6%
year over year
R&D spending
6.5%
of revenue
Sales & admin spending
20.1%
of revenue
Days sales outstanding
160 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Growth, margins and cash generation against peers
Last 12 months unless stated AVNW GILT DGII CRNT AAOI ATEN Median
Revenue, last 12 months $440m $452m $506m $339m $596m $310m $324m
Revenue growth, last 12 months 1.2% 47.9% 20.3% −14.1% 61.8% 12.2% 11.0%
Revenue growth, 3-year average 8.5% 24.4% 4.9% −2.2% 40.9% 4.3% 4.1%
Revenue growth, latest quarter 4.8% — 29.0% — 86.4% 15.5% 12.9%
Gross margin 31.5% 29.5% 63.8% 33.8% 28.9% 79.4% 43.7%
Operating margin 4.4% 5.2% 13.9% 2.1% −11.3% 16.1% 2.2%
Operating margin, 3-year average 3.9% 3.3% 12.8% 3.6% −17.6% 15.9% −1.4%
Net margin 0.6% 4.6% 9.6% −0.6% −9.6% 13.9% −0.0%
Cash from operations / revenue 3.1% 4.6% 27.3% 9.3% −22.1% 24.8% 9.9%
Free-cash-flow margin 1.4% 2.0% 26.9% 5.3% −99.5% 19.6% 7.7%
Free-cash-flow margin, 3-year average 2.2% −0.2% 22.1% −0.2% −65.1% 22.9% 2.2%
Stock pay / revenue 1.4% 1.9% 3.4% 1.2% 2.6% 7.5% 3.9%
Change in share count 1.6% 5.9% 2.3% 1.5% 49.3% −1.3% 1.5%

Median of all 40 companies we cover in communications equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 communications equipment companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 1.2% 11.3% 29 of 40
Change in growth rate Growth +1.6pp +2.0pp 23 of 40
Operating margin Profitability 4.4% 2.4% 18 of 40
Net margin Profitability 0.6% 0.6% 20 of 40
Stock pay as % of revenue Cash generation 1.4% 3.9% 9 of 37
Long-term debt as % of assets Balance sheet 14.9% 10.4% 14 of 23
Change in share count Balance sheet 1.6% 1.6% 19 of 36

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to July 3, 2026
Products and services
Line of business Revenue Share YoY
Products $314M 71.5% ▲ 9.2%
Services $125M 28.5% ▼ 14.6%
Geography
Region Revenue Share YoY
North America $220M 50.0% ▲ 6.0%
Latin America and Asia Pacific $120M 27.2% ▼ 18.0%
Africa and Middle East $58M 13.2% ▲ 17.2%
Europe $42M 9.6% ▲ 32.6%

From Aviat Networks, Inc.'s 10-K filed August 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$240M
Institutions reporting
123
Shares held vs prior quarter
▲ 5.9%
Positions opened / closed
17 / 26

Top buyers and sellers, Q2 2026: 67 institutions bought and 60 sold ; the biggest buyer was First Eagle Investment Management, LLC (+430K shares) and the biggest seller Sei Investments Co (−239K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $18.7M 844K 7.8% ▲ 7.8%
First Eagle Investment Management, LLC $16M 721K 6.7% ▲ 147.6%
Tieton Capital Management, LLC $15M 676K 6.2% ▼ 1.2%
Royce & Associates LP $14.5M 655K 6.1% ▼ 0.8%
Vanguard Capital Management LLC $11.7M 526K 4.9% ▲ 5.0%
First Wilshire Securities Management Inc $11.6M 523K 4.8% ▼ 1.2%
Pacific Ridge Capital Partners, LLC $9.8M 441K 4.1% ▲ 15.1%
Kennedy Capital Management LLC $9.6M 430K 4.0% ▼ 1.8%
Marshall Wace, LLP $9.5M 429K 4.0% ▲ 61.2%
Dimensional Fund Advisors LP $8.7M 390K 3.6% ▼ 9.8%
Csm Advisors, LLC $7.5M 336K 3.1% ▲ 134.8%
Geode Capital Management, LLC $6.9M 312K 2.9% ▲ 6.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Aviat Networks, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Boase Erin VP Legal Affairs August 31, 2026 Sell 1,347 $19.69 $26,522
Smith Pete A President and CEO August 31, 2026 Sell 14,264 $19.69 $280,858
Croke Gary SVP of Product and Innovation August 31, 2026 Sell 629 $19.69 $12,385
Smith Pete A President and CEO February 9, 2026 Sell pre-set plan 17,086 $26.33 $449,874
Croke Gary SVP of Product and Innovation February 6, 2026 Sell pre-set plan 6,914 $26.20 $181,147
Smith Pete A President and CEO November 11, 2025 Sell 5,350 $23.39 $125,136
Taten Bruce M. Director November 11, 2025 Sell 3,268 $23.39 $76,439

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 26, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • May 4, 2026
  • February 3, 2026
  • November 4, 2025
  • September 10, 2025
  • August 27, 2025

Recent SEC filings

Data status

When each part of this page on Aviat Networks, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Aviat Networks, Inc. in brief

What does Aviat Networks, Inc. do?
Aviat Networks, Inc. is a US-listed company in the communications equipment industry. Its financial year ends in June.
What is Aviat Networks, Inc.'s stock ticker?
Aviat Networks, Inc. trades under the ticker AVNW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Aviat Networks, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Aviat Networks, Inc. reported revenue of $440M, 1.2% higher than a year earlier, according to its SEC filings.
What is Aviat Networks, Inc.'s free cash flow?
Aviat Networks, Inc.'s free-cash-flow margin is 1.4% of revenue over the trailing twelve months.
Who are Aviat Networks, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., First Eagle Investment Management, LLC and Tieton Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Aviat Networks, Inc.'s market cap?
On July 2, 2026, Aviat Networks, Inc.'s market capitalisation was about $276M, with a price-to-earnings ratio of 108.6 and net debt of $24.2M. Market figures come from third-party market data and may be delayed.
Who are Aviat Networks, Inc.'s competitors?
In our Communications Equipment peer group, the companies closest to Aviat Networks, Inc. are Gilat Satellite Networks LTD, Digi International Inc, Ceragon Networks LTD, Applied Optoelectronics, Inc. and A10 Networks, Inc. The side-by-side comparison below sets their revenue, margins and growth against Aviat Networks, Inc.'s.
Are insiders buying or selling Aviat Networks, Inc. stock?
Over the last 12 months, Aviat Networks, Inc.'s directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Aviat Networks, Inc.'s next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Aviat Networks, Inc. announces its own schedule.