Aviat Networks (AVNW)
NASDAQ:AVNW
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Earnings Data
Report Date
Aug 26, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.58Last Year’s EPS
0.83Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: near-term results were pressured by geopolitical-driven timing disruptions (approximately $9M of pushouts), leading to a meaningful Q3 revenue decline, lower Q3 gross margins and a GAAP loss. Offsetting these setbacks, year-to-date profitability metrics improved (YTD operating income and adjusted EBITDA up materially), working-capital trends showed sequential improvement, and multiple strategic growth drivers (MDU deployments, BEAD program timing, utility infrastructure demand, Aprisa momentum, and product rollout opportunities) underpin management’s confidence for FY2027 and beyond. Management provided updated FY2026 guidance with a range and reiterated cost and cash-flow focus. Overall, the call balances clear short-term headwinds with improving operating trends and sizable longer-term market opportunities.Company Guidance
Year-to-Date Revenue Stability and Regional Growth
Nine-month revenues of $318.8M were essentially flat versus prior year ($319.3M), down ~0.2% year-over-year. North America grew year-to-date by $2.1M, or 1.4%, and accounted for 46.2% of Q3 revenue, while international was 53.8%.
Improved Year-to-Date Profitability Metrics
Year-to-date GAAP operating income was $13.4M, up $11.7M versus prior year. Year-to-date non-GAAP operating income was $20.5M, up $4.4M or 27.6%. Adjusted EBITDA for the nine months was $24.8M, an increase of $2.8M or 12.5% versus the prior-year period.
Q3 Non-GAAP Profitability and EPS (Positive on a Non-GAAP Basis)
Third-quarter adjusted EBITDA was $4.4M (4.4% margin) and non-GAAP EPS was $0.06, demonstrating positive non-GAAP profitability despite GAAP weakness in the quarter.
Balance Sheet and Working Capital Improvements
Cash and marketable securities totaled $78.1M with outstanding debt of $104.3M (net debt $26.1M). Management lowered inventories sequentially by $4.0M, unbilled receivables were down $5.4M sequentially, and accounts payable reduced by $33.3M sequentially. The company repurchased ~20,000 shares for $0.5M.
Large Addressable Market and Multiple Growth Drivers
Strong optional growth: utilities funnel is expanding (utility spend forecast cited at $1.4T over 5 years, up >20% vs prior year), BEAD deployment momentum (46 of 56 states signed; ~$20B approved deployment spend to date; estimated 10–15% allocation to fixed wireless access), and an estimated addressable market >$250M from product rollouts (all-indoor radio international rollout and Pasolink in N.A.). Management expects BEAD-related orders mid–late 2026 with a larger ramp in calendar 2027.
MDU and Aprisa Momentum
MDU program: live deployments in more than five markets, management expects an '8-figure' contribution in fiscal 2027 (management indicated comfort with an ~$8M figure while range is broad) and potential larger demand in FY2028 for next-gen products. Aprisa (LTE router) bookings are on track to exceed 50% bookings growth this fiscal year, with traction across utilities, oil & gas, public safety and multiple geographies.
Tax Asset Opportunity
Company holds over $450M of net operating losses (NOLs). Management believes there is a reasonable possibility of releasing a significant portion of the valuation allowance against foreign deferred tax assets within the next few quarters, which would produce a one-time GAAP income benefit in the quarter of release.
Maintained Fiscal 2026 Guidance (with Range)
Updated full-year fiscal 2026 guidance: revenues $428M–$440M and adjusted EBITDA $35M–$40M, reflecting management's expectation of Q4 normalization after Q3 timing headwinds.
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 |
|---|---|---|---|
May 04, 2026 | $22.64 | $15.09 | -33.35% |
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% |
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 Aug 26, 2026, After Close (Confirmed).
What is Aviat Networks (AVNW) earnings time?
Aviat Networks (AVNW) earnings time is at Aug 26, 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 (Q4) is 0.58.