Aviat Networks, Inc. income statement
In fiscal 2026, Aviat Networks, Inc. reported revenue of $440m, up 1.2% on the year before, operating income of $19.2m (a 4.4% margin) and net income of $2.5m, or $0.19 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jul 2010 | 2011Jul 2011 | 2012Jun 2012 | 2013Jun 2013 | 2014Jun 2014 | 2015Jul 2015 | 2016Jul 2016 | 2017Jun 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jul 2020 | 2021Jul 2021 | 2022Jul 2022 | 2023Jun 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 466 | 452 | 444 | 471 | 346 | 336 | 269 | 242 | 243 | 244 | 239 | 275 | 303 | 344 | 408 | 435 | 440 |
| Cost of revenue | 333 | 324 | 312 | 333 | 261 | 255 | 207 | 166 | 162 | 165 | 154 | 172 | 194 | 222 | 263 | 295 | 301 |
| Gross profit | 133 | 128 | 132 | 138 | 85 | 81 | 62 | 75 | 81 | 79 | 85 | 103 | 109 | 122 | 145 | 139 | 138 |
| Research and development | 31 | 41 | 36 | 39 | 35 | 25 | 21 | 19 | 20 | 21 | 19 | 22 | 23 | 25 | 36 | 36 | 28 |
| Selling, general and administrative | 135 | 108 | 100 | 96 | 89 | 76 | 66 | 57 | 58 | 56 | 58 | 56 | 58 | 70 | 85 | 89 | 89 |
| Operating income | −112 | −38 | −13 | 0 | −51 | −26 | −27 | −1 | 1 | 1 | 3 | 22 | 29 | 25 | 19 | 11 | 19 |
| Interest expense | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Income before tax | −112 | −45 | −14 | 1 | −51 | −26 | −29 | −1 | 1 | 2 | 4 | 22 | 30 | 21 | 17 | 4 | 13 |
| Income tax | −4 | 14 | 2 | 13 | 1 | −1 | 2 | 0 | −1 | −8 | 3 | −88 | 9 | 11 | 6 | 2 | 11 |
| 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 |
| Diluted shares (average) | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 11m | 11m | 11m | 11m | 12m | 12m | 12m | 12m | 13m | 13m |
| EBITDA | −92 | −30 | −8 | 6 | −44 | −19 | −21 | 5 | 7 | 6 | 8 | 28 | 33 | 30 | 23 | 16 | 22 |
| Quarter | 2025 Q1Sept 2024 | 2025 Q2Dec 2024 | 2025 Q3Mar 2025 | 2025 Q4Jun 2025 | 2026 Q1Sept 2025 | 2026 Q2Dec 2025 | 2026 Q3Mar 2026 | 2026 Q4Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88 | 118 | 113 | 115 | 107 | 111 | 100 | 121 |
| Cost of revenue | 69 | 77 | 73 | 76 | 72 | 75 | 71 | 84 |
| Gross profit | 20 | 41 | 39 | 39 | 36 | 36 | 29 | 37 |
| Research and development | 10 | 10 | 8 | 7 | 7 | 6 | 8 | 7 |
| Selling, general and administrative | 25 | 21 | 22 | 21 | 23 | 22 | 20 | 22 |
| Operating income | −16 | 8 | 9 | 9 | 5 | 7 | 1 | 6 |
| Income before tax | −17 | 6 | 5 | 10 | 3 | 8 | −2 | 5 |
| Income tax | −6 | 2 | 1 | 5 | 2 | 2 | −0 | 6 |
| Net income | −12 | 4 | 4 | 5 | 0 | 6 | −2 | −1 |
| Diluted EPS | −$0.94 | $0.35 | $0.27 | $0.40 | $0.01 | $0.44 | −$0.16 | −$0.10 |
| EBITDA | −14 | 9 | 10 | 10 | 6 | 8 | 2 | 7 |
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