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Aviat Networks (AVNW)
NASDAQ:AVNW
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.45Last Year’s EPS
0.88Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear operational and financial progress — including the highest Q2 bookings in a decade, YTD revenue growth of 5.9%, a $13.2 million year-over-year improvement in adjusted EBITDA YTD, strong quarterly cash from operations ($23.9M), and a materially improved net debt position — against near-term pressures such as a Q2 revenue decline (-5.6% YoY), margin compression (~2.2–2.4 ppts YoY in the quarter), and limited immediate revenue impact from newly announced product wins and BEAD timing uncertainty. Management maintained full‑year guidance and signaled several growth catalysts that are expected to be more meaningful in fiscal 2027.Company Guidance
Strong Bookings Momentum
Company reported the highest second-quarter bookings in the last ten years; book-to-bill was >1 in the prior quarter and is >1 this quarter, indicating demand > shipments and positive backlog trends.
Six-Month Revenue Growth
Year-to-date (six-month) total revenues were $218.8 million, up $12.2 million or 5.9% versus the prior six-month period.
Adjusted EBITDA and Profitability Improvement YTD
Adjusted EBITDA for the quarter was $11.3 million (10.1% of revenue). Year-to-date adjusted EBITDA was $20.4 million, a significant improvement of $13.2 million versus the same period last year.
Strong Operating Cash Generation and Balance Sheet Improvement
Generated $23.9 million in cash from operating activities in the quarter. Cash and marketable securities totaled $86.5 million. Outstanding debt was $105.4 million, producing net debt of $18.9 million, an improvement of approximately $23.0 million versus 2025 (net debt $41.7M).
Cost Discipline and Operating Expense Reduction
GAAP operating expenses in Q2 were $28.8 million versus $32.9 million in the year-ago period, a reduction of $4.1 million (≈12.5%). Non-GAAP operating expenses were $27.1 million, reflecting continued cost control efforts.
Product Wins and New Market Entry
Received first initial order for PISA LTE 5G ruggedized cellular router (addressable segment cited at ~$1.6 billion) and an initial purchase order for the multi-dwelling unit (MDU) fixed wireless access solution from a U.S. tier-one provider, covering multiple market deployments.
Management Strengthened and Capital Return Optionality
Appointed Andy Schmidt as CFO (20+ years public company CFO experience). Company has ~$6.5 million remaining on its share buyback authorization and plans to resume repurchases at specified price levels.
Maintained Fiscal 2026 Guidance
Full-year revenue guidance maintained at $440 million to $460 million and full-year adjusted EBITDA guidance maintained at $45 million to $55 million, signaling confidence in the year outlook.
AVNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AVNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $22.43 | $25.57 | +14.00% |
Nov 04, 2025 | $24.21 | $24.30 | +0.37% |
Sep 10, 2025 | $22.68 | $25.57 | +12.72% |
May 06, 2025 | $19.67 | $20.58 | +4.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aviat Networks (AVNW) report earnings?
Aviat Networks (AVNW) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Aviat Networks (AVNW) earnings time?
Aviat Networks (AVNW) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVNW EPS forecast?
AVNW EPS forecast for the fiscal quarter 2026 (Q3) is 0.45.