Financial Performance & Guidance - Aviat Networks' LTM (Last Twelve Months) revenue is $453 million[7] - Q1 Fiscal Year 2026 revenue reached $107.3 million, a 21.4% increase compared to the same period last year[59, 62] - The company's Q1 Fiscal Year 2026 adjusted EBITDA was $9.1 million[59] - Aviat Networks anticipates revenue between $440 million and $460 million, and adjusted EBITDA between $45 million and $55 million for Fiscal Year 2026[62] Market & Product Portfolio - Aviat Networks operates in a total addressable market (TAM) of $11 billion[16] - The company's private LTE/5G market is projected to reach $8 billion by 2027[38] - Aviat estimates the USA rural broadband segment to be a ~$420 million TAM[49] - The global 5G transport market is projected to be $2.1 billion in CY2024[42] Market Dynamics - Mobile network data traffic is expected to grow at a 26% CAGR through 2028[38, 46] - Aviat Networks holds approximately 35% of the wireless transport share of demand for North American ISPs[48]

Company Overview - Aviat Networks is a leading provider of wireless transport and access solutions[4] - The company's last twelve months (LTM) revenue is $436 million[7] - Aviat Networks serves private networks (61%) and mobile networks (39%)[8] - The company has over 3,000 customers worldwide[10] Financial Performance (Q3 Fiscal Year 2025) - Revenue reached $112.6 million, a 1.6% increase compared to the same period last year[58] - Adjusted EBITDA was $14.9 million, up 17.3% compared to the same period last year[58] - Non-GAAP gross margin was 35.8%[55] Market Opportunity - Aviat Networks addresses an $11 billion total addressable market (TAM)[15] - The private LTE/5G market is projected to reach $8 billion by 2027[35] - The microwave radio market for global 5G transport is expected to grow at a 39% compound annual growth rate (CAGR) through calendar year 2025[35] Growth and Strategy - Aviat Networks has experienced a 13% revenue CAGR since calendar year 2019[15] - The company's operating model drives continuous improvement and successful acquisitions[15] - Aviat Networks estimates the USA rural broadband segment to be a ~$420 million TAM[45]