Aviat Networks, Inc. (AVNW)
Nasdaq · Radio & Tv Broadcasting & Communications Equipment · Manufacturing · CIK 1377789 · fiscal year ends in Jun
Closing price $20.23 on 30 Oct 2026; 52-week range $15.09 to $26.74.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $439.7M
- Revenue growth
- 1.2%
- Net income, last twelve months
- $2.5M
- Earnings per share
- $0.19
- Gross margin
- 31.5%
- Operating margin
- 4.4%
- Net margin
- 0.6%
- Free cash flow
- $6.1M
- Return on equity
- 0.9%
- Market value
- $258.9M
- Price to earnings
- 106.5x
- Cash
- $72.8M
- Debt
- $97.0M
- Debt to equity
- 0.36
- Shares outstanding
- 12.8M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2026 | 3 Jul 2026 | $439.7M | $19.2M | $2.5M | $0.19 | $6.1M | 10-K filed 27 Aug 2026 |
| FY2025 | 27 Jun 2025 | $434.6M | $10.6M | $1.3M | $0.10 | -$7.2M | 10-K filed 10 Sep 2025 |
| FY2024 | 28 Jun 2024 | $408.1M | $19.4M | $10.8M | $0.86 | $27.9M | 10-K filed 4 Oct 2024 |
| FY2023 | 30 Jun 2023 | $344.4M | $24.6M | $10.2M | $0.86 | -$7.0M | 10-K filed 10 Sep 2025 |
| FY2022 | 1 Jul 2022 | $303.0M | $28.7M | $21.2M | $1.79 | $997.0K | 10-K filed 14 Sep 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q4 FY2026 | 3 Jul 2026 | $120.9M | -$1.3M | -$0.10 |
| Q3 FY2026 | 27 Mar 2026 | $100.0M | -$2.1M | -$0.16 |
| Q2 FY2026 | 26 Dec 2025 | $111.5M | $5.7M | $0.44 |
| Q1 FY2026 | 26 Sep 2025 | $107.3M | $162.0K | $0.01 |
| Q4 FY2025 | 27 Jun 2025 | $115.3M | $5.2M | $0.40 |
| Q3 FY2025 | 28 Mar 2025 | $112.6M | $3.5M | $0.27 |
| Q2 FY2025 | 27 Dec 2024 | $118.2M | $4.5M | $0.35 |
| Q1 FY2025 | 27 Sep 2024 | $88.4M | -$11.9M | -$0.94 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2026
| Segment | Revenue | Share |
|---|---|---|
| Product sales | $314.2M | 71.5% |
| Services | $125.5M | 28.5% |
By region, FY2026
| Segment | Revenue | Share |
|---|---|---|
| North America | $220.0M | 50.0% |
| Latin America and Asia Pacific | $119.7M | 27.2% |
| Africa and Middle East | $58.0M | 13.2% |
| Europe | $42.0M | 9.6% |
Company events
The newest 8-K filings of 290 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 6 Oct 2026 | 8-K | Leadership change | 5.02 |
| 5 Oct 2026 | 8-K | Other events | 8.01, 9.01 |
| 9 Sep 2026 | 8-K | Other events | 8.01 |
| 27 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 3 Jun 2026 | 8-K | Investor update | 7.01 |
| 4 May 2026 | 8-K | Results | 2.02, 9.01 |
| 10 Mar 2026 | 8-K | Other events | 8.01, 9.01 |
| 27 Feb 2026 | 8-K | Material agreement, Shareholder rights change | 1.01, 3.03, 9.01 |
| 3 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 13 Jan 2026 | 8-K | Investor update | 7.01, 9.01 |
| 3 Dec 2025 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 18 Nov 2025 | 8-K | Investor update | 7.01, 9.01 |
Every filing
The newest filings with the SEC of 536 held.
| Filed | Form | Period |
|---|---|---|
| 6 Oct 2026 | 8-K | 5 Oct 2026 |
| 5 Oct 2026 | 8-K | 30 Sep 2026 |
| 2 Oct 2026 | DEFA14A | – |
| 2 Oct 2026 | DEF 14A | 3 Jul 2026 |
| 16 Sep 2026 | PRE 14A | 16 Sep 2026 |
| 9 Sep 2026 | 8-K | 2 Sep 2026 |
| 27 Aug 2026 | 10-K | 3 Jul 2026 |
| 27 Aug 2026 | 8-K | 27 Aug 2026 |
| 3 Jun 2026 | 8-K | 3 Jun 2026 |
| 28 May 2026 | SD | – |
| 28 May 2026 | SD | – |
| 27 May 2026 | RW | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 31 Aug 2026 | Croke Gary, SVP of Product and Innovation | Sale outside a trading plan | 629 | $19.69 | $12.4K | 42,479 | 1 Sep 2026 |
| 31 Aug 2026 | Smith Pete A, President and CEO | Sale outside a trading plan | 14,264 | $19.69 | $280.9K | 367,840 | 1 Sep 2026 |
| 31 Aug 2026 | Boase Erin, VP Legal Affairs | Sale outside a trading plan | 1,347 | $19.69 | $26.5K | 28,275 | 1 Sep 2026 |
| 9 Feb 2026 | Smith Pete A, President and CEO | Sale under a trading plan | 17,086 | $26.33 | $449.8K | 358,747 | 10 Feb 2026 |
| 6 Feb 2026 | Croke Gary, SVP of Product and Innovation | Sale outside a trading plan | 6,914 | $26.20 | $181.2K | 43,868 | 9 Feb 2026 |
| 11 Nov 2025 | Taten Bruce M., Director | Sale outside a trading plan | 3,268 | $23.39 | $76.4K | 20,391 | 12 Nov 2025 |
| 11 Nov 2025 | Smith Pete A, President and CEO | Sale outside a trading plan | 5,350 | $23.39 | $125.1K | 349,447 | 12 Nov 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 9 Feb 2026 | PETE SMITH, Officer, Director | 17,086 | $449.8K | 9 Feb 2026 |
| 6 Feb 2026 | GARY CROKE, Officer | 6,914 | $178.2K | 6 Feb 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Oct 2026 | ROYCE & ASSOCIATES LP | 13G amended | 4.56% | 586.8K |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 20 Jan 2026 | ROYCE & ASSOCIATES LP | 13G | 5.05% | 648.2K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.2M | +4.87% | 13.35 |
| 30 Sep 2026 | 1.1M | +11.01% | 9.16 |
| 15 Sep 2026 | 1.0M | -7.87% | 5.22 |
| 31 Aug 2026 | 1.1M | +14.12% | 5.15 |
| 14 Aug 2026 | 961.0K | +0.04% | 8.79 |
| 31 Jul 2026 | 960.6K | +9.22% | 6.94 |
| 15 Jul 2026 | 879.5K | +1.51% | 8.65 |
| 30 Jun 2026 | 866.4K | +0.63% | 4.5 |
Funds that hold it
From each fund's latest Form 13F.
151 funds held it at 30 Jun 2026: 66 added and 33 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 844,050 | $18.7M | +61,134 |
| First Eagle Investment Management, LLC | 720,912 | $16.0M | – |
| Tieton Capital Management, LLC | 676,440 | $15.0M | -7,886 |
| Royce & Associates LP | 655,325 | $14.5M | -5,380 |
| Vanguard Capital Management LLC | 526,237 | $11.7M | +25,253 |
| First Wilshire Securities Management Inc. | 523,317 | $11.6M | -6,216 |
| Pacific Ridge Capital Partners, LLC | 441,141 | $9.8M | +57,900 |
| Kennedy Capital Management LLC | 430,392 | $9.6M | -8,093 |
| Marshall Wace, LLP | 429,349 | $9.5M | +162,993 |
| Dimensional Fund Advisors LP | 390,211 | $8.7M | -42,310 |
Peers
Companies in the same industry.
- Qualcomm Inc. (QCOM): revenue $44.1B, market value $174.2B
- Motorola Solutions, Inc. (MSI): revenue $12.2B, market value $81.3B
- Nokia Corporation (NOK): revenue $22.5B, market value $47.6B
- Telefonaktiebolaget LM Ericsson (ERIC): revenue $24.2B, market value $37.7B
- Ubiquiti Inc. (UI): revenue $3.3B, market value $34.1B
- Planet Labs PBC (PL): revenue $378.3M, market value $4.9B
- Ondas Inc. (ONDS): revenue $174.1M, market value $3.3B
- Harmonic Inc. (HLIT): revenue –, market value $1.1B
- Unusual Machines, Inc. (UMAC): revenue $31.9M, market value $775.8M
- BlackSky Technology Inc. (BKSY): revenue $108.9M, market value $726.4M