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Nasdaq · Communication Services

AVIAT NETWORKS, INC. (AVNW)

As-reported financials and SEC filings for AVIAT NETWORKS, INC. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AVIAT NETWORKS, INC.

Aviat Networks, Inc. designs, manufactures, and sells wireless transport and access networking products and services globally. Its offerings include microwave and millimeter wave technologies for point-to-point and point-to-multipoint wireless links, routers, and cloud-based software tools for network management. The company serves communications service providers and private network operators such as government agencies, utilities, and public safety organizations.

Snapshot

Revenue
$439.7M
Revenue growth (YoY)
1.2%
Net income
$2.5M
Diluted EPS
$0.19
Gross margin
31.5%
Operating margin
4.4%
Net margin
0.6%
FCF margin
1.4%
ROE
0.9%
net income / fiscal-year-end equity
P/E
105.3×
trailing when available, otherwise FY EPS
Market cap
$256.0M
Long-term debt / equity
0.33×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended July 3, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Aviat Networks

  • Revenue grew 1.2% to $440M in FY2026, slower than the 6.5% the year before.
  • Operating margin is 4.4% in FY2026, -5.1 pp against 9.5% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $121M, up 4.8% from Q4 FY2025.
  • Free cash flow was $6M in FY2026, 1.4% of revenue.
  • Net income rose 89.3% to $3M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Aviat Networks’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin31.5%
29th percentile of 105
Operating margin4.4%
57th percentile of 185
Net margin0.6%
52nd percentile of 191
FCF margin1.4%
36th percentile of 164
Revenue growth (YoY)+1.2%
42nd percentile of 209
ROE0.9%
52nd percentile of 165
P/E105.3×
89th percentile of 95
Long-term debt / equity0.33×
34th percentile of 101
Short interest8.79d
87th percentile of 216

Aviat Networks’s P/E of 105.3 ranks in the 89th percentile of the 95 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $319,814. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$26.1M
reported long value
InvestorAs ofPosition valueSharesChange
First Eagle Investment ManagementQ2 2026$8.0M360.5KAdded
D. E. ShawquantQ2 2026$5.4M244.4KAdded
Millennium ManagementquantQ2 2026$4.4M197.3KNew
Citadel AdvisorsquantQ2 2026$3.2M145.1KAdded
AQR Capital ManagementquantQ2 2026$2.7M122.8KAdded
Two Sigma InvestmentsquantQ2 2026$1.6M73.1KAdded
Renaissance TechnologiesquantQ2 2026$763,23634.4KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
3
$320K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-31
filed 2026-09-01
SMITH PETE APresident and CEOSell14.3K$19.69$281K
2026-08-31
filed 2026-09-01
Boase ErinVP Legal AffairsSell1.3K$19.69$27K
2026-08-31
filed 2026-09-01
Croke GarySVP of Product and InnovationSell629$19.69$12K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
961.0K
settled 2026-08-14
Change vs prior
+0.0%
vs previous settlement
Days to cover
8.79
at avg daily volume
Avg daily volume
109.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14961.0K+0.0%8.79
2026-07-31960.6K+9.2%6.94
2026-07-15879.5K+1.5%8.65
2026-06-30866.4K+0.6%4.50
2026-06-15861.0K-3.5%5.51
2026-05-29892.1K+12.8%5.12
2026-05-15791.2K+13.4%2.23
2026-04-30697.6K+1.6%3.88

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$439.7M$434.6M$408.1M$344.4M$303.0M
Gross profit$138.3M$139.4M$144.7M$122.4M$109.2M
Operating income$19.2M$10.6M$19.4M$24.6M$28.7M
Net income$2.5M$1.3M$10.8M$10.2M$21.2M
Diluted EPS$0.19$0.10$0.86$0.86$1.79

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$13.6M$5.7M$30.5M$-1.6M$2.8M
Capital expenditure$7.5M$13.0M$2.7M$5.3M$1.8M
Free cash flow$6.1M$-7.2M$27.9M$-7.0M$997,000

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$120.9M4.8%$-1.3M$-0.10
Q3 FY2026$100.0M-11.2%$-2.1M$-0.16
Q2 FY2026$111.5M-5.7%$5.7M$0.44
Q1 FY2026$107.3M21.4%$162,000$0.01
Q4 FY2025$115.3M-1.1%$5.2M$0.39
Q3 FY2025$112.6M1.6%$3.5M$0.27
Q2 FY2025$118.2M26.2%$4.5M$0.35
Q1 FY2025$88.4M1.7%$-11.9M$-0.94

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryRadio & Tv Broadcasting & Communications Equipment
Latest annual periodFY2026 (ended July 3, 2026)
Latest reported quarterQ4 FY2026 (ended July 3, 2026)
Oldest indexed filing2009
SEC CIK1377789

Selected SEC filings

10-K2026-08-27
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
10-Q2026-02-03
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
8-K2026-08-27
View on EDGAR →
8-K2026-06-03
View on EDGAR →
8-K2026-05-04
View on EDGAR →
8-K2026-03-10
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.