Aviat Networks Updates Fiscal 2027 Revenue Outlook

The Tip Desk · November 10, 2026 · 2 min read

The wireless transport maker booked more than $150 million in first-quarter orders, a 75% year-over-year rise, as it guided full-year revenue to $450 million to $475 million.

Aviat Networks, Inc. (AVNW), the wireless transport and access solutions company, reported fiscal 2027 first-quarter revenue of $102.0 million for the three months ended October 2, 2026, down 5.0% from $107.3 million a year earlier.

The Austin-based company said it posted record first-quarter bookings of more than $150 million, up 75% year-over-year, producing a quarterly book-to-bill ratio greater than 1.5. Aprisa bookings grew 61% from the year-ago period, which the company said signaled growing momentum with North American utility companies.

GAAP results swung to a net loss of $2.8 million, or $0.22 a share, from net income of $0.2 million, or $0.01 a share, a year earlier. GAAP operating income was $0.9 million, down from $5.2 million. The company said operating income decreased primarily due to lower gross margin dollars.

On a non-GAAP basis, Aviat reported net income of $1.5 million, or $0.12 a share, compared with $5.5 million, or $0.43 a share, a year earlier. Non-GAAP operating income was $3.9 million and Adjusted EBITDA was $6.0 million.

GAAP gross margin was 29.6%, down from 33.2% a year earlier. Non-GAAP gross margin was also 29.6%, compared with 33.8%. The company attributed the decline to regional and product mix.

North America revenue was $49.2 million, down 6.5% from $52.6 million a year earlier, which the company tied to timing of certain private and mobile network projects. International revenue was $52.7 million, down 3.5% from $54.7 million, primarily due to timing of capital expenditure plans of mobile network operators. Latin America and Asia Pacific contributed $30.5 million of international sales.

GAAP operating expenses were $29.3 million. Non-GAAP operating expenses, excluding restructuring charges, share-based compensation, and litigation and other expenses, were $26.2 million, down 7.5% from $28.4 million a year earlier. The company said ongoing cost controls lowered those expenses.

Cash and cash equivalents were $55.4 million as of October 2, 2026, compared with $72.8 million as of July 3, 2026. Total debt was $85.9 million and net debt was $30.5 million.

Aviat updated its fiscal 2027 full-year outlook to revenue of $450 million to $475 million and Adjusted EBITDA of $50.0 million to $55.0 million.

Product sales were $71.6 million and services revenue was $30.3 million. Gross profit was $30.2 million. Interest expense, net, was $1.9 million. Other expense, net, was $1.3 million. The income tax provision was $0.5 million. Weighted-average diluted shares were 12.8 million.