For fiscal 2026 (ended Jul 3, 2026), Aviat Networks Inc. reported $439.68M of revenue and $2.54M of net income.
AVNW revenue was $120.89M in fiscal Q4 2026 (ended Jul 3, 2026), up 4.8% from a year earlier and up 20.9% from the prior quarter. For the full fiscal 2026 it was $439.68M, up 1.2% from fiscal 2025. Compound annual growth was +9.8% over 5 years and +5.0% over 10 years. It rose in 8 of the last 10 fiscal years.
AVNW net income was -$1.28M in fiscal Q4 2026 (ended Jul 3, 2026), compared with $5.20M a year earlier. For the full fiscal 2026 it was $2.54M, up 89.3% from fiscal 2025. Compound annual growth was -53.0% over 5 years. It rose in 4 of the last 8 fiscal years.
AVNW diluted EPS was -$0.10 in fiscal Q4 2026 (ended Jul 3, 2026), compared with $0.42 a year earlier. For the full fiscal 2026 it was $0.19, up 90.0% from fiscal 2025. Compound annual growth was -54.2% over 5 years.
AVNW free cash flow was $2.47M in fiscal Q4 2026 (ended Jul 3, 2026), down 70.0% from a year earlier. For the full fiscal 2026 it was $6.09M, compared with -$7.25M in fiscal 2025. Compound annual growth was -15.9% over 5 years.
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $439.68M | $434.61M | $408.08M | $344.43M | $302.96M | $274.91M | $238.64M | $243.86M | $242.51M | $241.87M |
| Cost of revenue | $301.39M | $295.17M | $263.35M | $222.05M | $193.72M | $172.30M | $153.95M | $164.59M | $162.00M | $166.40M |
| Gross profit | $138.29M | $139.44M | $144.73M | $122.38M | $109.23M | $102.61M | $84.70M | $79.27M | $80.50M | $75.47M |
| Research and development | $28.40M | $35.77M | $36.43M | $24.91M | $22.60M | $21.81M | $19.28M | $21.11M | $19.75M | $18.68M |
| Selling, general and admin | $88.51M | $89.48M | $85.04M | $69.84M | $57.66M | $56.32M | $57.98M | $56.05M | $58.16M | $57.18M |
| Operating income | $19.24M | $10.57M | $19.40M | $24.62M | $28.75M | $22.21M | $3.38M | $1.37M | $1.32M | -$985.0K |
| Interest expense | - | - | - | - | - | $0 | $54.0K | $102.0K | $29.0K | $50.0K |
| Pre-tax income | $13.22M | $3.58M | $16.91M | $21.31M | $30.43M | $22.44M | $3.71M | $1.55M | $1.27M | -$605.0K |
| Income tax | $10.68M | $2.23M | $6.15M | $11.14M | $9.28M | -$87.70M | $3.45M | -$8.19M | -$1.04M | $16.0K |
| Net income | $2.54M | $1.34M | $10.76M | $10.17M | $21.16M | $110.14M | $257.0K | $9.74M | $1.84M | -$823.0K |
| EPS, basic | $0.20 | $0.11 | $0.88 | $0.90 | $1.89 | $9.98 | $0.02 | $0.91 | $0.17 | -$0.08 |
| EPS, diluted | $0.19 | $0.10 | $0.86 | $0.86 | $1.79 | $9.42 | $0.02 | $0.87 | $0.17 | -$0.08 |
| Diluted shares | 13.0M | 12.8M | 12.5M | 11.9M | 11.8M | 11.7M | 10.9M | 11.2M | 11.3M | 10.6M |
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $72.84M | $59.69M | $64.93M | $22.52M | $37.10M | $48.20M | $41.87M | $32.20M | $37.76M | $36.57M |
| Short-term investments | - | - | - | $2.0K | $10.89M | $0 | - | - | $0 | $264.0K |
| Receivables | $192.25M | $180.32M | $158.01M | $100.91M | $73.17M | $48.13M | $44.66M | $51.94M | $43.07M | $45.95M |
| Inventory | - | - | - | - | - | - | - | $8.57M | $21.29M | $21.79M |
| Current assets | $439.25M | $463.57M | $405.22M | $235.91M | $206.40M | $170.24M | $139.95M | $126.00M | $123.47M | $124.58M |
| Goodwill | $19.41M | $19.66M | $8.22M | $5.11M | $0 | - | - | - | - | - |
| Total assets | $598.96M | $633.30M | $535.22M | $363.14M | $323.90M | $297.65M | $179.80M | $169.19M | $156.06M | $152.58M |
| Current liabilities | $223.15M | $282.20M | $218.86M | $130.06M | $104.48M | $96.37M | $93.97M | $82.21M | $86.47M | $86.02M |
| Short-term debt | $7.90M | $18.62M | $2.40M | $0 | $0 | $0 | $9.00M | $9.00M | $9.00M | $9.00M |
| Long-term debt | $89.10M | $68.97M | $45.95M | $0 | - | - | - | - | - | - |
| Total debt | $97.00M | $87.59M | $48.35M | $0 | - | - | - | - | - | - |
| Total liabilities | $331.57M | $370.11M | $279.34M | $144.40M | $122.15M | $114.32M | $111.12M | $97.68M | $98.55M | $98.24M |
| Shareholders' equity | $267.39M | $263.18M | $255.88M | $218.74M | $201.75M | $183.34M | $68.68M | $71.52M | $57.52M | $54.34M |
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.56M | $5.72M | $30.54M | -$1.64M | $2.79M | $17.30M | $17.49M | $2.94M | $8.21M | $9.40M |
| Capital expenditures | $7.47M | $12.97M | $2.67M | $5.33M | $1.79M | $2.85M | $4.61M | $5.25M | $6.56M | $4.02M |
| Free cash flow | $6.09M | -$7.25M | $27.86M | -$6.98M | $997.0K | $14.45M | $12.88M | -$2.30M | $1.65M | $5.38M |
| Investing cash flow | -$7.33M | -$28.53M | -$35.22M | -$11.95M | -$7.79M | -$2.85M | -$4.61M | -$5.25M | -$6.30M | -$4.04M |
| Financing cash flow | $6.34M | $18.68M | $48.70M | -$681.0K | -$4.87M | -$8.05M | -$2.54M | -$2.95M | $12.0K | $21.0K |
| Share repurchases | - | - | - | - | $0 | $0 | $1.77M | $2.32M | $8.0K | $0 |
| Stock-based compensation | $6.20M | $7.07M | $7.34M | $6.72M | $3.83M | $2.92M | $1.69M | $1.72M | $2.36M | $2.11M |
| Depreciation and amortization | $3.26M | $5.34M | $3.99M | $5.47M | $4.46M | $5.38M | $4.39M | $4.47M | $5.20M | $5.84M |
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 1.2% | 6.5% | 18.5% | 13.7% | 10.2% | 15.2% | -2.1% | 0.6% | 0.3% | -10.0% |
| Net income growth, YoY | 89.3% | -87.5% | 5.8% | -51.9% | -80.8% | 42755.6% | -97.4% | 427.8% | - | - |
| EPS growth, YoY | 90.0% | -88.4% | 0.0% | -52.0% | -81.0% | 47000.0% | -97.7% | 427.3% | - | - |
| Gross margin | 31.5% | 32.1% | 35.5% | 35.5% | 36.1% | 37.3% | 35.5% | 32.5% | 33.2% | 31.2% |
| Operating margin | 4.4% | 2.4% | 4.8% | 7.1% | 9.5% | 8.1% | 1.4% | 0.6% | 0.5% | -0.4% |
| Net margin | 0.6% | 0.3% | 2.6% | 3.0% | 7.0% | 40.1% | 0.1% | 4.0% | 0.8% | -0.3% |
| Free cash flow margin | 1.4% | -1.7% | 6.8% | -2.0% | 0.3% | 5.3% | 5.4% | -0.9% | 0.7% | 2.2% |
| Return on equity | 0.9% | 0.5% | 4.2% | 4.6% | 10.5% | 60.1% | 0.4% | 13.6% | 3.2% | -1.5% |
| Return on assets | 0.4% | 0.2% | 2.0% | 2.8% | 6.5% | 37.0% | 0.1% | 5.8% | 1.2% | -0.5% |
| Current ratio | 1.97 | 1.64 | 1.85 | 1.81 | 1.98 | 1.77 | 1.49 | 1.53 | 1.43 | 1.45 |
| Debt to equity | 0.36 | 0.33 | 0.19 | 0.00 | - | - | - | - | - | - |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.89M | $100.00M | $111.47M | $107.32M | $115.34M | $112.64M | $118.20M | $88.43M | $116.66M | $110.82M | $93.69M | $86.91M |
| Cost of revenue | $83.64M | $70.72M | $75.37M | $71.66M | $75.87M | $73.34M | $77.31M | $68.64M | $75.52M | $74.75M | $57.37M | $55.71M |
| Gross profit | $37.24M | $29.28M | $36.10M | $35.66M | $39.47M | $39.30M | $40.89M | $19.79M | $41.14M | $36.07M | $36.33M | $31.20M |
| Research and development | $7.24M | $7.66M | $6.41M | $7.10M | $7.43M | $7.70M | $10.22M | $10.41M | $10.98M | $10.62M | $8.39M | $6.42M |
| Selling, general and admin | $22.38M | $20.36M | $22.38M | $23.38M | $21.13M | $22.12M | $21.28M | $24.95M | $23.06M | $20.20M | $22.54M | $19.24M |
| Operating income | $5.82M | $939.0K | $7.29M | $5.19M | $8.88M | $9.29M | $7.97M | -$15.57M | $5.46M | $5.67M | $3.39M | $4.89M |
| Pre-tax income | $4.90M | -$2.31M | $8.12M | $2.50M | $10.18M | $4.67M | $6.12M | -$17.39M | $4.61M | $4.68M | $3.63M | $3.99M |
| Income tax | $6.18M | -$244.0K | $2.40M | $2.34M | $4.98M | $1.14M | $1.63M | -$5.51M | $3.06M | $806.0K | $1.85M | $432.0K |
| Net income | -$1.28M | -$2.06M | $5.72M | $162.0K | $5.20M | $3.53M | $4.50M | -$11.88M | $1.55M | $3.87M | $1.78M | $3.56M |
| EPS, basic | -$0.09 | -$0.16 | $0.44 | $0.01 | $0.42 | $0.28 | $0.35 | -$0.94 | $0.11 | $0.31 | $0.15 | $0.31 |
| EPS, diluted | -$0.10 | -$0.16 | $0.44 | $0.01 | $0.42 | $0.27 | $0.35 | -$0.94 | $0.11 | $0.30 | $0.15 | $0.30 |
| Diluted shares | - | 12.9M | 13.0M | 13.0M | - | 12.8M | 12.8M | 12.6M | - | 12.8M | 12.2M | 11.9M |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $72.84M | $78.13M | $86.47M | $64.83M | $59.69M | $51.68M | $53.49M | $52.18M | $64.93M | $58.48M | $46.19M | $35.74M |
| Short-term investments | - | - | - | - | - | - | - | - | - | $988.0K | - | - |
| Receivables | $192.25M | $187.62M | $203.12M | $180.47M | $180.32M | $178.04M | $166.69M | $169.00M | $158.01M | $138.37M | $149.92M | $94.50M |
| Current assets | $439.25M | $450.36M | $493.85M | $474.54M | $463.57M | $456.60M | $422.91M | $427.26M | $405.22M | $362.46M | $366.96M | $244.41M |
| Goodwill | $19.41M | $19.47M | $19.54M | $19.48M | $19.66M | $19.19M | $18.33M | $15.15M | $8.22M | $8.22M | $5.65M | $5.11M |
| Total assets | $598.96M | $616.54M | $659.36M | $643.32M | $633.30M | $628.34M | $594.11M | $590.86M | $535.22M | $490.34M | $500.11M | $370.30M |
| Current liabilities | $223.15M | $226.29M | $267.10M | $258.20M | $282.20M | $282.09M | $252.29M | $248.20M | $218.86M | $171.14M | $183.71M | $129.21M |
| Short-term debt | $7.90M | $5.59M | $4.44M | $4.44M | $18.62M | $3.72M | $3.72M | $2.40M | $2.40M | $2.40M | $2.40M | - |
| Long-term debt | $89.10M | $98.67M | $100.93M | $102.04M | $68.97M | $70.20M | $71.13M | $80.98M | $45.95M | $46.55M | $47.15M | - |
| Total debt | $97.00M | $104.26M | $105.37M | $106.48M | $87.59M | $73.92M | $74.85M | $83.38M | $48.35M | $48.95M | $49.55M | - |
| Total liabilities | $331.57M | $344.77M | $387.74M | $379.68M | $370.11M | $372.22M | $344.52M | $343.75M | $279.34M | $231.84M | $246.17M | $144.15M |
| Shareholders' equity | $267.39M | $271.78M | $271.61M | $263.64M | $263.18M | $256.12M | $249.59M | $247.11M | $255.88M | $256.05M | $251.02M | $224.34M |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.09M | -$1.70M | $23.92M | -$11.74M | $10.51M | $1.62M | $20.75M | -$27.16M | $8.31M | $15.32M | -$7.07M | $13.98M |
| Capital expenditures | $615.0K | $3.69M | $1.44M | $1.73M | $2.27M | $2.79M | $2.49M | $5.42M | $809.0K | $497.0K | $652.0K | $717.0K |
| Free cash flow | $2.47M | -$5.39M | $22.48M | -$13.47M | $8.24M | -$1.17M | $18.26M | -$32.59M | $7.50M | $14.82M | -$7.72M | $13.26M |
| Investing cash flow | $497.0K | -$4.66M | -$1.44M | -$1.73M | -$2.27M | -$2.79M | -$2.29M | -$21.18M | -$270.0K | -$1.42M | -$32.81M | -$717.0K |
| Financing cash flow | -$9.45M | -$1.31M | -$1.40M | $18.50M | $1.09M | -$1.03M | -$15.67M | $34.29M | -$578.0K | -$1.02M | $50.12M | $180.0K |
| Share repurchases | - | $500.0K | - | - | - | $99.0K | - | - | - | $0 | - | - |
| Stock-based compensation | $1.72M | $1.58M | $1.35M | $1.55M | $1.44M | $1.99M | $1.97M | $1.66M | $1.80M | $1.89M | $1.82M | $1.83M |
| Depreciation and amortization | $1.16M | $700.0K | $900.0K | $463.0K | $1.38M | $1.20M | $1.50M | $1.32M | $914.0K | $1.00M | $905.0K | $1.17M |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 4.8% | -11.2% | -5.7% | 21.4% | -1.1% | 1.6% | 26.2% | 1.7% | 31.1% | 32.8% | 3.3% | 7.0% |
| Net income growth, YoY | - | - | 27.2% | - | 235.5% | -8.8% | 152.0% | - | -21.8% | -20.8% | -70.5% | - |
| EPS growth, YoY | - | - | 25.7% | - | 281.8% | -10.0% | 133.3% | - | -42.1% | -26.8% | -70.6% | - |
| Gross margin | 30.8% | 29.3% | 32.4% | 33.2% | 34.2% | 34.9% | 34.6% | 22.4% | 35.3% | 32.5% | 38.8% | 35.9% |
| Operating margin | 4.8% | 0.9% | 6.5% | 4.8% | 7.7% | 8.3% | 6.7% | -17.6% | 4.7% | 5.1% | 3.6% | 5.6% |
| Net margin | -1.1% | -2.1% | 5.1% | 0.2% | 4.5% | 3.1% | 3.8% | -13.4% | 1.3% | 3.5% | 1.9% | 4.1% |
| Free cash flow margin | 2.0% | -5.4% | 20.2% | -12.6% | 7.1% | -1.0% | 15.5% | -36.8% | 6.4% | 13.4% | -8.2% | 15.3% |
| Current ratio | 1.97 | 1.99 | 1.85 | 1.84 | 1.64 | 1.62 | 1.68 | 1.72 | 1.85 | 2.12 | 2.00 | 1.89 |
| Debt to equity | 0.36 | 0.38 | 0.39 | 0.40 | 0.33 | 0.29 | 0.30 | 0.34 | 0.19 | 0.19 | 0.20 | - |
Source: XBRL data Aviat Networks Inc. files with the SEC, latest filing dated Aug 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-12, first reported Sep 9, 2016; 2-for-1, first reported May 5, 2021.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| AVNW | $439.68M | +1.2% | $2.54M | 0.6% | $246.0M |
| QCOM | $43.12B | -2.6% | $13.63B | 31.6% | $183.47B |
| MSI | $12.60B | +11.4% | $2.08B | 16.5% | $87.29B |
| NOK | €19.89B | +3.5% | €651.00M | 3.3% | $46.97B |
| UI | $3.57B | +29.4% | $1.07B | 30.1% | $41.48B |
| ERIC | SEK 236.68B | -4.5% | SEK 28.43B | 12.0% | $35.74B |
| PL | $378.28M | +44.1% | -$359.87M | -95.1% | $5.23B |
| ONDS | $174.10M | +979.3% | $167.06M | 96.0% | $3.47B |
| HLIT | $502.23M | +70.9% | -$35.19M | -7.0% | $1.12B |