Aviat Networks Past Earnings Performance
Past criteria checks 2/6
Aviat Networks's earnings have been declining at an average annual rate of -64.8%, while the Communications industry saw earnings growing at 2.2% annually. Revenues have been growing at an average rate of 11.4% per year. Aviat Networks's return on equity is 3.3%, and it has net margins of 2.1%.
Key information
-64.77%
Earnings growth rate
-66.64%
EPS growth rate
| Communications Industry Growth | 31.77% |
| Revenue growth rate | 11.37% |
| Return on equity | 3.32% |
| Net Margin | 2.08% |
| Last Earnings Update | 27 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 07
AVNW: Short Report Dislocation Will Be Resolved By Fiscal 2026 Execution
Narrative Update Aviat Networks' analyst price target has been reduced by about $4 to reflect updated views on risk, profitability, growth assumptions, and a lower future P/E multiple, as analysts factor in recent target cuts and rating changes alongside prior supportive commentary following the short report. Analyst Commentary Recent research shows analysts reassessing Aviat Networks with a mix of support and caution.Seeking Alpha • May 06
Aviat Networks: Downgrading On Disappointing Results And Reduced Outlook - Hold
Summary Aviat Networks reported disappointing Q3/FY2026 results, with both sales and profitability coming in well below consensus expectations. Management blamed the shortfall on project delays caused by the Middle East conflict and unfavorable end-of-quarter demand shifts by a number of Tier 1 customers. Following the sale of its wireless transport business to AVNW in 2023, NEC Corporation is demanding additional component purchases and payment of outstanding accounts payable balances. However, the company's overall financial position remains solid. As a result, I do not expect the NEC arbitration to be an existential threat for Aviat Networks. While management remains optimistic on the company's prospects for fiscal year 2027, Aviat Networks' uneven financial performance and lack of growth are concerning. As a result, I am lowering my rating from "Strong Buy" to "Hold" and apologize for a bad call. Read the full article on Seeking AlphaAnalysis Article • Oct 18
Is Aviat Networks (NASDAQ:AVNW) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Sep 12
There Is A Reason Aviat Networks, Inc.'s (NASDAQ:AVNW) Price Is Undemanding
You may think that with a price-to-sales (or "P/S") ratio of 0.8x Aviat Networks, Inc. ( NASDAQ:AVNW ) is a stock worth...Analysis Article • Aug 02
Aviat Networks, Inc. (NASDAQ:AVNW) Shares Could Be 47% Below Their Intrinsic Value Estimate
Key Insights Aviat Networks' estimated fair value is US$39.73 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Apr 09
We Think Aviat Networks (NASDAQ:AVNW) Is Taking Some Risk With Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Feb 06
Aviat Networks, Inc. (NASDAQ:AVNW) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Aviat Networks, Inc. ( NASDAQ:AVNW ) shares have continued their recent momentum with a 36% gain in the last month...Seeking Alpha • Feb 05
Aviat Networks: Strong Buy On Blowout Quarter And Discounted Valuation (Rating Upgrade)
Summary Leading wireless transport and access solutions provider Aviat Networks reported outstanding Q2/FY2025 results with both the company's top- and bottom-line coming in well above consensus expectations. Following a weak start to FY2025, improved execution and strong contributions from recently acquired businesses like Pasolink and 4RF resulted in vastly improved quarterly results. Improved profitability and a strong focus on working capital management resulted in cash flow from operations increasing to new multi-year highs. After a slew of earnings warnings in recent quarters, management abstained from raising FY2025 guidance, which could result in further outperformance for the remainder of FY2025. Based on my increased FY2026 estimates, AVNW stock could double over the next twelve months. Consequently, I am upgrading the shares to “Strong Buy” with a price target of $46. Read the full article on Seeking AlphaAnalysis Article • Dec 15
The Market Lifts Aviat Networks, Inc. (NASDAQ:AVNW) Shares 31% But It Can Do More
Aviat Networks, Inc. ( NASDAQ:AVNW ) shareholders are no doubt pleased to see that the share price has bounced 31% in...Seeking Alpha • Dec 13
Aviat Networks: Abysmal Start To FY2025 Raises Eyebrows - Hold
Summary Last month, Aviat Networks reported disappointing Q1/FY2025 results, with both sales and profitability falling well short of expectations. In addition, margin pressure in combination with increased working capital requirements resulted in substantial cash usage. While management lowered full-year expectations, even achieving the low end of the revised guidance would require substantial improvements over the remainder of the year. On a more positive note, the recently acquired Pasolink business appears to be gaining traction and bookings rebounded during the first month of Q2/FY2025. Given the company's disappointing performance in recent quarters and persistent execution risks, I am reiterating my "Hold" rating with a revised price target of $20. Read the full article on Seeking Alpha
New Narrative • Oct 07
Pasolink Acquisition And Global Expansion Propel Company To New Heights In Revenue And Market Share
Strategic acquisitions and expansion into U.S. private networks and global markets position Aviat Networks for diversified growth and improved net margins.Seeking Alpha • Oct 03
Aviat Networks: Downgrading On Accounting Issues And Uncertain Outlook - Hold
Summary Last month, leading wireless transport and access solutions provider Aviat Networks surprisingly delayed the filing of its annual report on form 10-K. While the company expected to file its 10-K within the 15-calendar day extension period, this has not happened. Adding insult to injury, Aviat Networks revised FY2024 guidance for the second time in a row, with last year's Pasolink acquisition likely the main reason behind the shortfall. Considering increased risk of a protracted accounting review and uncertainty regarding the company's FY2025 outlook, I am downgrading Aviat Networks' shares from "Buy" to "Hold". Read the full article on Seeking AlphaAnalysis Article • Jul 17
At US$30.28, Is It Time To Put Aviat Networks, Inc. (NASDAQ:AVNW) On Your Watch List?
While Aviat Networks, Inc. ( NASDAQ:AVNW ) might not have the largest market cap around , it saw a double-digit share...Seeking Alpha • Jun 04
Aviat Networks: Growth Outlook Disappoints But Too Cheap To Ignore, Buy
Summary Aviat Networks reported mixed Q3/FY2024 results, with revenues falling slightly short but profitability well ahead of expectations. While margins were impacted by the recent Pasolink acquisition, favorable working capital movements resulted in strong cash flow generation. The company lowered growth expectations as Pasolink revenues won't ramp as quickly as previously anticipated. In addition, Aviat Networks is facing currency headwinds and a more cautious spending environment. On a more positive note, the Pasolink acquisition is reportedly ahead of plan from an EBITDA and free cash flow perspective and management continues to expect EPS accretion by Q2/FY2025. While the company's lower growth profile is somewhat disappointing, the issue is more than reflected in Aviat Networks' heavily discounted valuation. Consequently, I am reiterating my "Buy" rating on the shares with an unchanged price target of $50. Read the full article on Seeking AlphaAnalysis Article • May 08
Aviat Networks' (NASDAQ:AVNW) Earnings Offer More Than Meets The Eye
The market seemed underwhelmed by the solid earnings posted by Aviat Networks, Inc. ( NASDAQ:AVNW ) recently. Our...Seeking Alpha • Mar 05
Aviat Networks: Better Positioned After The NEC Acquisition
Summary Aviat Networks has experienced a turnaround, with an average revenue growth rate of 13.2% since 2021. The company ranks 14th in the Communications Equipment industry with EBIT Margins over 8%. The acquisition of NEC Corporation positions Aviat Networks to benefit from key drivers such as 5G, rural broadband, and private networks. Read the full article on Seeking AlphaSeeking Alpha • Feb 09
Aviat Networks: Decent Quarter, But Successful Pasolink Integration Will Be Key Going Forward
Summary Aviat Networks reported decent Q2/FY2024 results with revenues, gross margins and Adjusted EBITDA all reaching new multi-year highs. During the quarter, the company closed the acquisition of Pasolink, the former microwave backhaul business of Japanese information and communication technology giant NEC Corporation. Going forward, much will depend on Aviat Networks' ability to integrate Pasolink's products and operations, improve the margin profile and identify potential cross-selling opportunities. Even when discounting the risks associated with Pasolink acquisition and the company's rather moderate organic growth rate, Aviat Networks appears cheap relative to industry averages and closest competitor Ceragon Networks. Lowering rating from "Strong Buy" to "Buy" to account for the company's increased risk profile and initial negative impact from the Pasolink acquisition. Read the full article on Seeking AlphaAnalysis Article • Aug 25
When Should You Buy Aviat Networks, Inc. (NASDAQ:AVNW)?
Aviat Networks, Inc. ( NASDAQ:AVNW ), is not the largest company out there, but it saw a decent share price growth in...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Aviat Networks makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 27 Mar 26 | 434 | 9 | 87 | 29 |
| 26 Dec 25 | 447 | 15 | 89 | 29 |
| 26 Sep 25 | 453 | 13 | 88 | 32 |
| 27 Jun 25 | 435 | 1 | 89 | 36 |
| 28 Mar 25 | 436 | -2 | 83 | 39 |
| 27 Dec 24 | 434 | -2 | 81 | 42 |
| 27 Sep 24 | 410 | -5 | 83 | 40 |
| 28 Jun 24 | 408 | 11 | 77 | 36 |
| 29 Mar 24 | 380 | 11 | 82 | 32 |
| 29 Dec 23 | 353 | 12 | 78 | 28 |
| 29 Sep 23 | 350 | 16 | 72 | 25 |
| 30 Jun 23 | 344 | 10 | 70 | 25 |
| 31 Mar 23 | 333 | 13 | 66 | 24 |
| 30 Dec 22 | 324 | 14 | 65 | 23 |
| 30 Sep 22 | 311 | 14 | 62 | 23 |
| 01 Jul 22 | 303 | 21 | 58 | 23 |
| 01 Apr 22 | 297 | 19 | 56 | 24 |
| 31 Dec 21 | 289 | 108 | 56 | 24 |
| 01 Oct 21 | 282 | 109 | 56 | 23 |
| 02 Jul 21 | 275 | 110 | 56 | 22 |
| 02 Apr 21 | 266 | 108 | 55 | 20 |
| 01 Jan 21 | 261 | 14 | 55 | 19 |
| 02 Oct 20 | 246 | 6 | 56 | 19 |
| 03 Jul 20 | 239 | 0 | 58 | 19 |
| 03 Apr 20 | 240 | 3 | 59 | 21 |
| 27 Dec 19 | 233 | 7 | 57 | 21 |
| 27 Sep 19 | 242 | 11 | 57 | 21 |
| 28 Jun 19 | 244 | 10 | 56 | 21 |
| 29 Mar 19 | 242 | 6 | 57 | 21 |
| 28 Dec 18 | 250 | -1 | 58 | 20 |
| 28 Sep 18 | 247 | 2 | 58 | 20 |
| 29 Jun 18 | 243 | 2 | 58 | 20 |
| 30 Mar 18 | 236 | 0 | 57 | 20 |
| 29 Dec 17 | 233 | 3 | 56 | 19 |
| 29 Sep 17 | 240 | -1 | 56 | 19 |
| 30 Jun 17 | 242 | -1 | 57 | 19 |
| 31 Mar 17 | 244 | -15 | 59 | 19 |
| 30 Dec 16 | 245 | -22 | 62 | 20 |
| 30 Sep 16 | 247 | -30 | 64 | 20 |
| 01 Jul 16 | 269 | -30 | 66 | 21 |
| 01 Apr 16 | 298 | -17 | 62 | 27 |
| 01 Jan 16 | 313 | -22 | 69 | 23 |
| 02 Oct 15 | 333 | -21 | 74 | 24 |
| 03 Jul 15 | 336 | -25 | 76 | 25 |
Quality Earnings: AVNW has high quality earnings.
Growing Profit Margin: AVNW became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AVNW's earnings have declined by 64.8% per year over the past 5 years.
Accelerating Growth: AVNW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AVNW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (20.5%).
Return on Equity
High ROE: AVNW's Return on Equity (3.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 17:51 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/27 |
| Annual Earnings | 2025/06/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Aviat Networks, Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ku Kang | B. Riley Securities, Inc. |
| Rustam Kanga | Citizens JMP Securities, LLC |
| Aalok Shah | D.A. Davidson & Co. |