AVIAT NETWORKS, INC.
Business
Aviat Networks designs, manufactures and sells microwave and millimeter wave wireless transport and access networking products, solutions and services. The company offers wireless systems, routers, software tools and professional services for network deployment, management and optimization across point-to-point and point-to-multipoint applications. Primary customers include communications service providers (mobile and fixed operators, broadband providers) and private network operators (government, utilities, energy, public safety, financial institutions). Aviat distributes directly to customers, through resellers and agents, and via its online Aviat Store, serving North America and international markets equally.
Summary from 10-K filed 2025-09-10
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Total revenues | 435 | 408 | 344 | 303 | 275 | |
| Total cost of revenues | 295 | 263 | 222 | 194 | 172 | |
| Gross margin | 139 | 145 | 122 | 109 | 103 | |
| Research and development | 36 | 36 | 25 | 23 | 22 | |
| Selling and administrative | 89 | 85 | 70 | 58 | 56 | |
| Restructuring charges | 4 | 4 | 3 | 238,000 | 2 | |
| Total operating expenses | 129 | 125 | 98 | 80 | 80 | |
| Operating income | 11 | 19 | 25 | 29 | 22 | |
| Interest expense, net | 6 | 2 | 532,000 | −157,000 | — | |
| Other expense, net | 941,000 | 158,000 | 3 | −2 | 230,000 | |
| Income before income taxes | 4 | 17 | 21 | 30 | 22 | |
| Provision for income taxes | 2 | 6 | 11 | 9 | −88 | |
| Net income, basic | 1 | 11 | 10 | 21 | 110 | |
| Net income, diluted | 1 | 11 | 10 | 21 | 110 | |
| Net income attributable to Aviat Networks | 1 | 11 | 10 | 21 | 110 | |
| Basic (in dollars per share) | 0.11 | 0.88 | 0.9 | 1.89 | 9.98 | |
| Diluted (in dollars per share) | 0.1 | 0.86 | 0.86 | 1.79 | 9.42 | |
| Basic (in shares) | 13 | 12 | 11 | 11 | 11 | |
| Diluted (in shares) | 13 | 12 | 12 | 12 | 12 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 60 | 65 | 22 | 37 | 48 | |
| Accounts receivable, net | 180 | 158 | 101 | 73 | 48 | |
| Unbilled receivables | 106 | 91 | 57 | 46 | 38 | |
| Inventories | 84 | 62 | 33 | 27 | 23 | |
| Assets held for sale | 0 | 3 | 0 | — | — | |
| Other current assets | 34 | 27 | 22 | 12 | 10 | |
| Total current assets | 464 | 405 | 236 | 206 | 170 | |
| Property, plant and equipment, net | 17 | 9 | 9 | 9 | 12 | |
| Goodwill | 20 | 8 | 5 | 0 | — | |
| Intangible assets, net | 27 | 14 | 9 | 0 | — | |
| Deferred income taxes | 88 | 83 | 87 | 95 | 103 | |
| Right-of-use assets | 3 | 4 | 3 | 3 | 4 | |
| Other assets | 14 | 12 | 14 | 10 | 8 | |
| Total assets | 633 | 535 | 363 | 324 | 298 | |
| Accounts payable | 148 | 93 | 60 | 42 | 32 | |
| Accrued expenses | 39 | 42 | 24 | 26 | 28 | |
| Operating lease liabilities | 1 | 1 | 610,000 | 513,000 | 769,000 | |
| Advance payments and unearned revenue | 74 | 59 | 44 | 34 | 32 | |
| Other current liabilities | 2 | 22 | 600,000 | — | — | |
| Current portion of long-term debt | 19 | 2 | 0 | — | — | |
| Total current liabilities | 282 | 219 | 130 | 104 | 96 | |
| Long-term debt | 69 | 46 | 0 | — | — | |
| Unearned revenue | 8 | 7 | 7 | 9 | 9 | |
| Long-term operating lease liabilities | 2 | 3 | 2 | 2 | 3 | |
| Other long-term liabilities | 430,000 | 394,000 | 314,000 | 273,000 | 356,000 | |
| Reserve for uncertain tax positions | 3 | 3 | 4 | 6 | 5 | |
| Deferred income taxes | 5 | 412,000 | 492,000 | 563,000 | 614,000 | |
| Total liabilities | 370 | 279 | 144 | 122 | 114 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock, $0.01 par value; 50.0 million shares authorized; none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value; 300.0 million shares authorized; 12.7 million and 12.6 million shares issued and outstanding as of June 27, 2025 and June 28, 2024, respectively | 127,000 | 126,000 | 115,000 | 112,000 | 112,000 | |
| Treasury stock 0.2 million and 0.2 million shares as of June 27, 2025 and June 28, 2024, respectively | −7 | −6 | −6 | −6 | −787,000 | |
| Additional paid-in-capital | 866 | 860 | 830 | 823 | 819 | |
| Accumulated deficit | −577 | −579 | −589 | −599 | −621 | |
| Accumulated other comprehensive loss | −19 | −19 | −16 | −16 | −14 | |
| Total stockholders equity | 263 | 256 | 219 | 202 | 183 | |
| Total liabilities and stockholders equity | 633 | 535 | 363 | 324 | 298 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation of property, plant and equipment | 5 | 4 | 6 | 5 | 5 | |
| Amortization of intangible assets | 3 | 1 | 700,000 | 0 | 0 | |
| Provision for uncollectible receivables | 2 | 1 | 467,000 | −23,000 | 171,000 | |
| Share-based compensation | 7 | 7 | 7 | 4 | 3 | |
| Deferred taxes | 182,000 | 4 | 9 | 8 | −91 | |
| Inventory write-downs | 2 | 4 | 2 | 2 | 1 | |
| Non-cash lease expense | 2 | 948,000 | 639,000 | 1 | −342,000 | |
| Net (gain) loss on marketable securities | −103,000 | 41,000 | 2 | −3 | 0 | |
| Other non-cash operating activities, net | 355,000 | 128,000 | 67,000 | −55,000 | 6,000 | |
| Accounts receivable | −29 | −9 | −25 | −26 | −4 | |
| Unbilled receivables | −15 | −35 | −12 | −9 | −9 | |
| Inventories | −24 | 2 | −5 | −4 | −11 | |
| Accounts payable | 50 | 17 | 16 | 11 | 580,000 | |
| Accrued expenses | −7 | 15 | −4 | 876,000 | 2 | |
| Advance payments and unearned revenue | 16 | 12 | 6 | 2 | 11 | |
| Income taxes payable | 2 | 1 | 710,000 | −2 | 159,000 | |
| Other assets and liabilities | −9 | −5 | −15 | −8 | −997,000 | |
| Net cash provided by (used in) operating activities | 6 | 31 | −2 | 3 | 17 | |
| Purchases of property, plant and equipment | −13 | −3 | −5 | −2 | −3 | |
| Purchases of marketable securities | 0 | −925,000 | 0 | −8 | 0 | |
| Proceeds from sale of marketable securities | 0 | 538,000 | 9 | 0 | 0 | |
| Proceeds from sale of assets held for sale | 3 | 0 | 0 | 2 | 0 | |
| Acquisitions, net of cash acquired | −18 | −32 | −16 | 0 | — | |
| Net cash used in investing activities | −29 | −35 | −12 | −8 | −3 | |
| Proceeds from revolver | 95 | 33 | 102 | 0 | — | |
| Repayments of revolver | −80 | −33 | −102 | 0 | — | |
| Proceeds from term loan | 75 | 50 | 0 | 0 | — | |
| Repayments of term loan | −51 | −1 | 0 | — | — | |
| Payments of deferred financing costs | −529,000 | −79,000 | −753,000 | 0 | 0 | |
| Payments of deferred consideration for acquisitions | −19 | 0 | 0 | — | — | |
| Payments for repurchase of common stock treasury shares | −597,000 | −332,000 | 0 | −5 | −787,000 | |
| Payments for taxes related to net settlement of equity awards | −1 | −696,000 | −1 | −541,000 | −167,000 | |
| Proceeds from issuance of common stock under employee stock plans | 228,000 | 1 | 1 | 1 | 2 | |
| Net cash provided by (used in) financing activities | 19 | 49 | −681,000 | −5 | −8 | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 1 | −2 | −311,000 | −1 | −77,000 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −3 | 42 | −15 | −11 | 6 | |
| Unpaid property, plant and equipment | 4 | 4 | 168,000 | 95,000 | 228,000 | |
| Common stock issued in connection with acquisition | 0 | 22 | 0 | 0 | — | |
| Cash paid for interest | 7 | 3 | 880,000 | 0 | 4,000 | |
| Cash paid for income taxes, net | 2 | 808,000 | 2 | 1 | −2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AVIAT NETWORKS, INC.'s CIK number?
AVIAT NETWORKS, INC.'s SEC CIK number is 0001377789 (1377789). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AVIAT NETWORKS, INC.'s SEC filings?
All of AVIAT NETWORKS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AVIAT NETWORKS, INC. last report earnings?
AVIAT NETWORKS, INC. (AVNW) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-029801). This is AVIAT NETWORKS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AVIAT NETWORKS, INC.'s most recent earnings 8-K?
AVIAT NETWORKS, INC.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001628280-26-029801. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AVIAT NETWORKS, INC.'s latest earnings 8-K →
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