Aviat Networks
Supplies wireless transport and access products and services to network operators.
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Profile
Supplies microwave transport and wireless-access networking products, plus supporting services, to communications service providers and private-network operators. Recent acquisitions widened the portfolio from wireless transport into industrial radios and private LTE/5G access.
Supplies microwave transport and wireless-access networking products, along with supporting services, to communications service providers and private-network operators. The business grew out of the Harris MCD–Stratex combination and later adopted the Aviat name, linking its present portfolio to a longer wireless-networking lineage.
Wireless transport remains central, while the Redline, NEC Wireless Transport, and 4RF transactions broadened access capabilities. Those additions brought industrial point-to-point and point-to-multipoint equipment, private LTE/5G access, industrial narrowband radios, and private LTE/5G routers. Operations also incorporate acquired customer bases and services; the stated approach depends on integrating these products and applying services and operations across the acquired businesses.
Company facts
Key statistics
Year to date −7.0% · Average volume (30d) 155.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 2, 2026 | Northland Securities | Target | $25 | $30 | ||
| Jun 30, 2026 | Craig-Hallum | Initiate | Buy | $36 | ||
| Jun 15, 2026 | Northland Securities | Target | $20 | $25 | ||
| Jun 15, 2026 | Northland Capital Markets | Upgrade | Market Perform | Outperform | ||
| May 5, 2026 | Lake Street | Reiterate | Buy | $34 | $31 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 27, 2026Q4 FY26 | $0.55 | $0.64 | +17.2% | $110.1M | $120.9M | +9.8% | +2.53% |
| May 4, 2026Q3 FY26 | $0.42 | $0.06 | −85.7% | $106.4M | $100.0M | −6.0% | −33.35% |
| Feb 3, 2026Q2 FY26 | $0.48 | $0.54 | +12.5% | $109.7M | $111.5M | +1.6% | +14.00% |
| Nov 4, 2025Q1 FY26 | $0.32 | $0.43 | +34.4% | $112.8M | $107.3M | −4.9% | +0.37% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $112.6M | $115.3M | $107.3M | $111.5M | $100.0M | $120.9M | |
| Gross profit | $39.3M | $39.5M | $35.7M | $36.1M | $29.3M | $37.2M | |
| Operating income | $9.3M | −$12.3M | $5.2M | $7.3M | $1.3M | $5.8M | |
| Net income | $3.5M | $5.2M | $162.0K | $5.7M | −$2.1M | −$1.3M | |
| Diluted EPS | $0.27 | $0.40 | $0.01 | $0.44 | −$0.16 | −$0.10 | |
| Gross margin | 34.9% | 34.2% | 33.2% | 32.4% | 29.3% | 30.8% | |
| Operating margin | 8.3% | -10.6% | 4.8% | 6.6% | 1.3% | 4.8% |
Fiscal years (4-quarter sums)FY22 $303.0M · FY23 $346.6M · FY24 $403.7M · FY25 $434.6M · FY26 $439.7M
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $72.8M · Total debt $99.2M · Total assets $599.0M · Shareholders' equity $267.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 12.94M · Float 11.50M · 88.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 782.9K | 6.05% | 13F | May 13, 2026 |
| Tieton Capital Management, LLC | 684.3K | 5.29% | 13F | May 8, 2026 |
| Royce & Associates LP | 660.7K | 5.11% | 13F | May 12, 2026 |
| First Wilshire Securities Management Inc | 529.5K | 4.09% | 13F | May 12, 2026 |
| Vanguard Capital Management LLC | 501.0K | 3.87% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 9, 2026 | Pete A. Smith | officer: President and CEO | −17,086 | $26.33 |
| Feb 6, 2026 | Gary Croke | officer: SVP of Product and Innovation | −6,914 | $26.20 |
| Nov 11, 2025 | Pete A. Smith | officer: President and CEO | −5,350 | $23.39 |
| Nov 11, 2025 | Bruce M. Taten | director | −3,268 | $23.39 |
| Sep 2, 2025 | Gary Croke | officer: SVP of Product and Innovation | −6,742 | $22.41 |
Peers
- Ericsson (ADR)
Mobile-operator microwave transport and private-network rival
- Ceragon Networks
Pure-play microwave and millimeter-wave transport specialist
- Nokia (ADR)
Microwave transport and carrier-network infrastructure rival
- GE Vernova
Industrial wireless and licensed microwave communications rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Aviat Networks | $20.00 | −0.45% | $258.8M | 103.9 | 6.8 | 0.6 | +7.3% |
| Ericsson (ADR) | $9.91 | −0.35% | $32.67B | 12.9 | 20.2 | 1.4 | −6.7% |
| Ceragon Networks | $2.12 | +1.44% | $190.0M | — | 13.3 | 0.5 | +14.2% |
| Nokia (ADR) | $10.18 | −0.29% | $55.14B | 71.4 | 24.3 | 2.5 | +2.3% |
| GE Vernova | $914.10 | +0.30% | $242.88B | 26.2 | 43.5 | 5.9 | +21.9% |
| Median | 26.2 | 22.2 | 1.9 | +8.2% |