Aviat Networks, Inc. logo

Aviat Networks, Inc.

AVNW

NASDAQTechnologyCommunication Equipment

Previous close

$20.83

+$0.12 · +0.58%

Aug 21, 4:00 PM ET

AVNW company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

73

Undervalued

Momentum

44

Neutral

Sentiment

64

Bullish

Risk resilience

49

Elevated Risk

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Company profile

Industry
Communication Equipment
Sector
Technology
Headquarters
US

Market position

Day range

Current $20.83

52-week range

Current $20.83

Open
$20.75
Previous close
$20.71
Volume
304.35K
Market cap
269.53M USD
50-day average
$20.8476
-0.08% below average
200-day average
$21.5762
-3.46% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
334.81M USD
P/E (TTM)
36.38×
P/B (TTM)
0.99×
P/S (TTM)
0.62×
EV / EBITDA
18.94×
Earnings yield
0.44%
Free cash flow yield
-2.39%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
32.37%
Operating margin
0.34%
Net margin
2.08%
Return on equity
0.51%
Return on assets
0.21%
Return on invested capital
-1.07%

Financial health

Debt / equity
0.39×
Current ratio
1.64×
Altman Z-score
0.45
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%23%6%-11%Gross margin, FY2021: 36.06%Gross margin, FY2022: 36.06%Gross margin, FY2023: 35.53%Gross margin, FY2024: 35.47%Gross margin, FY2025: 32.08%Operating margin, FY2021: 9.49%Operating margin, FY2022: 9.49%Operating margin, FY2023: -7.15%Operating margin, FY2024: -4.75%Operating margin, FY2025: -2.43%Net margin, FY2021: 6.98%Net margin, FY2022: 6.98%Net margin, FY2023: 2.95%Net margin, FY2024: 2.64%Net margin, FY2025: 0.31%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.06%. Gross margin FY2022 36.06%. Gross margin FY2023 35.53%. Gross margin FY2024 35.47%. Gross margin FY2025 32.08%. Operating margin FY2021 9.49%. Operating margin FY2022 9.49%. Operating margin FY2023 -7.15%. Operating margin FY2024 -4.75%. Operating margin FY2025 -2.43%. Net margin FY2021 6.98%. Net margin FY2022 6.98%. Net margin FY2023 2.95%. Net margin FY2024 2.64%. Net margin FY2025 0.31%.

Income trends

Revenue

434.61M USD+6.50%

Operating income

−10.58M USD+45.49%

Net income

1.34M USD-87.54%
Income trends across reported periods480.53M USD296.84M USD113.15M USD−70.54M USDRevenue, FY2021: 302.96M USDRevenue, FY2022: 302.96M USDRevenue, FY2023: 344.43M USDRevenue, FY2024: 408.08M USDRevenue, FY2025: 434.61M USDOperating income, FY2021: 28.75M USDOperating income, FY2022: 28.75M USDOperating income, FY2023: −24.62M USDOperating income, FY2024: −19.4M USDOperating income, FY2025: −10.58M USDNet income, FY2021: 21.16M USDNet income, FY2022: 21.16M USDNet income, FY2023: 10.17M USDNet income, FY2024: 10.76M USDNet income, FY2025: 1.34M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 302.96M USD. Revenue FY2022 302.96M USD. Revenue FY2023 344.43M USD. Revenue FY2024 408.08M USD. Revenue FY2025 434.61M USD. Operating income FY2021 28.75M USD. Operating income FY2022 28.75M USD. Operating income FY2023 −24.62M USD. Operating income FY2024 −19.4M USD. Operating income FY2025 −10.58M USD. Net income FY2021 21.16M USD. Net income FY2022 21.16M USD. Net income FY2023 10.17M USD. Net income FY2024 10.76M USD. Net income FY2025 1.34M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue434.61M USD408.08M USD344.43M USD302.96M USD302.96M USD
Cost of goods sold295.17M USD263.35M USD222.05M USD193.72M USD193.72M USD
Gross profit139.44M USD144.73M USD122.38M USD109.24M USD109.24M USD
Research and development35.77M USD36.43M USD24.91M USD22.6M USD22.6M USD
Selling, general, and administrative89.48M USD85.04M USD69.84M USD57.66M USD57.66M USD
Operating expenses150.01M USD164.13M USD147M USD80.49M USD80.49M USD
Interest expense6.06M USD2.34M USD532K USD
Depreciation and amortization8.05M USD4.99M USD6.18M USD4.46M USD4.46M USD
Operating income−10.58M USD−19.4M USD−24.62M USD28.75M USD28.75M USD
Net income1.34M USD10.76M USD10.17M USD21.16M USD21.16M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
80%
8 beats, 2 misses, 0 met estimates
Average EPS surprise
-327.08%
10 comparable reports
Latest EPS result
0.06
Estimate 0.42 · Miss by 85.71%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.950.650.350.05Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 0.82, estimate 0.09, surprise +811.11%, Beat. Q2 2025, reported May 6, 2025: actual 0.88, estimate 0.23, surprise +282.61%, Beat. Q3 2025, reported Sep 10, 2025: actual 0.83, estimate 0.43, surprise +93.02%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.43, estimate 0.32, surprise +34.37%, Beat. Q1 2026, reported Feb 3, 2026: actual 0.54, estimate 0.48, surprise +12.50%, Beat. Q2 2026, reported May 4, 2026: actual 0.06, estimate 0.42, surprise -85.71%, Miss. Q3 2026, reported Aug 26, 2026: actual —, estimate 0.546, surprise —, Comparison unavailable. Q3 2026, reported Sep 9, 2026: actual —, estimate 0.5, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates122.92M113.71M104.49M95.28MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 118.2M USD, estimate 103.59M USD, surprise +14.10%, Beat. Q2 2025, reported May 6, 2025: actual 112.64M USD, estimate 114.67M USD, surprise -1.77%, Miss. Q3 2025, reported Sep 10, 2025: actual 112.64M USD, estimate 109.26M USD, surprise +3.09%, Beat. Q4 2025, reported Nov 4, 2025: actual 107.32M USD, estimate 112.8M USD, surprise -4.86%, Miss. Q1 2026, reported Feb 3, 2026: actual 111.47M USD, estimate 109.67M USD, surprise +1.64%, Beat. Q2 2026, reported May 4, 2026: actual 100M USD, estimate 106.39M USD, surprise -6.00%, Miss. Q3 2026, reported Aug 26, 2026: actual —, estimate 110.12M USD, surprise —, Comparison unavailable. Q3 2026, reported Sep 9, 2026: actual —, estimate 110.12M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$32.33

55.21% upside
Past 12 months12-month forecastHigh $36.00Average $32.33Low $30.00

Rating distribution

12 ratings
Strong buy00%
Buy975%
Hold325%
Sell00%
Strong sell00%

Recent analyst actions

7 institutions
Roth CapitalmaintainBuy
Roth MKMmaintainBuy

AVNW news

Corporate actions

Corporate action history

Stock split

Effective Apr 8, 2021

2:1

Stock split

Effective Jun 14, 2016

1:12

Stock split

Effective Jan 29, 2007

1:4

Stock split

Effective Nov 25, 1997

2:1

AVNW peers

ETFs holding AVNW

Funds reporting this stock among their holdings, ordered by reported position size.

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