Core Insights - Aviat Networks reported total revenues of $111.5 million for Q2 of fiscal 2026, a decrease of 5.7% compared to $118.2 million in Q2 of fiscal 2025 [1][2] - The company achieved a GAAP net income of $5.7 million in Q2 2026, up from $4.5 million in Q2 2025, representing a 27.2% increase [1][2] - Adjusted EBITDA for Q2 2026 was $11.3 million, down from $14.8 million in Q2 2025, while for the first half of fiscal 2026, it increased to $20.4 million from $7.2 million in the same period of fiscal 2025 [2][4] Revenue Analysis - Q2 2026 revenues of $111.5 million included $52.9 million from North America, a decrease of 8.7%, and $58.6 million from international markets, a decrease of 2.8% [1][5] - For the six months ended December 26, 2025, total revenues increased by 5.9% to $218.8 million, with North America revenue growing by 5.4% and international revenue increasing by 6.4% [1][5] Gross Margin and Operating Expenses - GAAP gross margin for Q2 2026 was 32.4%, down from 34.6% in Q2 2025, while non-GAAP gross margin was 32.9%, down from 35.3% [1][4] - Total operating expenses for Q2 2026 were $28.8 million, a decrease from $32.9 million in Q2 2025, with non-GAAP operating expenses at $27.1 million, down from $29.1 million [1][4] Operating Income - GAAP operating income for Q2 2026 was $7.3 million, compared to $8.0 million in Q2 2025, while non-GAAP operating income decreased to $9.6 million from $12.6 million [1][4] - For the six months ended December 26, 2025, GAAP operating income was $12.5 million, a significant recovery from an operating loss of $7.6 million in the same period of fiscal 2025 [1][4] Net Income and Earnings Per Share - The company reported a GAAP net income of $5.7 million for Q2 2026, translating to a net income per diluted share of $0.44, compared to $0.35 in Q2 2025 [1][2] - For the six months ended December 26, 2025, GAAP net income was $5.9 million, with a net income per diluted share of $0.45, recovering from a net loss of $(7.4) million in the comparable period of fiscal 2025 [2][4] Balance Sheet Highlights - As of December 26, 2025, the company had cash and cash equivalents of $86.5 million, an increase of $26.8 million from June 27, 2025 [2][4] - Total debt stood at $105.4 million, reflecting an increase of $17.8 million from June 27, 2025 [2][4] Fiscal 2026 Outlook - The company maintained its full-year guidance for fiscal 2026, projecting Adjusted EBITDA between $45.0 million and $55.0 million and revenue between $440 million and $460 million [2][4]

Core Insights - Aviat Networks, Inc. will host a fireside chat with Senior Research Analyst Scott Searle on November 18, 2025, at 4:30 pm ET [1] - The company will participate in 1x1 meetings at the 14th Annual Roth Technology Conference on November 19, 2025, in New York [3] - Investors can access the webcast of the fireside chat and a replay will be available on the company's Investor Relations website [2] Company Overview - Aviat Networks is a leading expert in wireless transport and access solutions, providing dependable products, services, and support to customers [4] - The company has sold over one million systems in 170 countries, serving communications service providers and private network operators, including government and defense organizations [4] - Aviat has a long history of microwave innovations and offers a comprehensive suite of localized professional and support services [4]

Core Viewpoint - Aviat Networks, Inc. is set to release its first quarter fiscal 2026 financial results on November 4, 2025, after market close, indicating ongoing transparency and engagement with investors [1]. Financial Results Announcement - The financial results will cover the period ended September 26, 2025, showcasing the company's performance in the wireless transport and access solutions sector [1]. - An earnings conference call will be held on the same day at 5:00 p.m. ET, featuring key executives including the President and CEO, Pete Smith, and Interim CFO, Andrew Fredrickson [2]. Investor Engagement - Interested parties can access the conference call via a webcast on Aviat Networks' Investor Relations website or participate by telephone after registering [3]. - A replay of the conference call will be available on the company's investor relations website post-event [3]. Upcoming Investor Conferences - The company will participate in several upcoming investor conferences, including the 14th Annual Roth Technology Conference on November 19, 2025, and the 6th Annual Needham Tech Week Conference on November 21, 2025 [10]. Company Overview - Aviat Networks is recognized as a leading expert in wireless transport and access solutions, with over one million systems sold across 170 countries [6]. - The company serves a diverse clientele, including communications service providers and various government and defense organizations, emphasizing its reliability in critical applications [6]. - With a history of over 70 years in microwave innovations, Aviat Networks aims to simplify network operations for its customers while delivering high-performance products [6].

Core Insights - Aviat Networks reported total revenue of $115.3 million for the fiscal 2025 fourth quarter, a decrease of 1.1% compared to the previous year [2] - The company achieved a net income of $5.2 million for the fourth quarter, significantly up from $1.5 million in the same period last year, marking a 236% increase [11] - For the full fiscal year 2025, total revenue increased by 6.5% to $434.6 million compared to $408.1 million in fiscal 2024 [3] Financial Performance - **Fourth Quarter Revenue**: Total revenues were $115.3 million, down from $116.7 million in Q4 fiscal 2024, with North America revenue increasing by 3.2% to $58.0 million, while international revenue decreased by 5.2% to $57.3 million [2] - **Full Year Revenue**: Total revenue for the twelve months ended June 27, 2025, was $434.6 million, with North America revenue slightly up by 0.7% to $207.6 million and international revenue up by 12.4% to $227.0 million [3] Profitability Metrics - **Gross Margins**: The GAAP gross margin for Q4 was 34.2%, down from 35.3% in Q4 fiscal 2024, while the non-GAAP gross margin was 34.7% compared to 35.9% [4] - **Operating Income**: GAAP operating income for Q4 was $8.9 million, a 62.8% increase from $5.5 million in the prior year, while non-GAAP operating income rose by 21.9% to $12.9 million [8] - **Adjusted EBITDA**: Adjusted EBITDA for Q4 was $15.1 million, up from $11.9 million in Q4 fiscal 2024, achieving a margin of 13.0% [13] Expenses Overview - **Operating Expenses**: Total GAAP operating expenses for Q4 were $30.6 million, down 14.3% from $35.7 million in the previous year, while non-GAAP operating expenses decreased by 13.2% to $27.1 million [6] - **Full Year Operating Expenses**: For the twelve months ended June 27, 2025, total operating expenses were $128.9 million, an increase of 2.8% from $125.3 million in fiscal 2024 [7] Income Tax and Net Income - **Income Tax Expense**: GAAP income tax expense for Q4 was $5.0 million, compared to $3.1 million in Q4 fiscal 2024 [10] - **Net Income**: The company reported GAAP net income of $5.2 million for Q4, with a diluted earnings per share of $0.40, compared to $1.5 million and $0.12 per share in the prior year [11] Balance Sheet Highlights - **Cash and Cash Equivalents**: As of June 27, 2025, the company had $59.7 million in cash and cash equivalents, up from $49.4 million as of March 28, 2025 [14] - **Total Debt**: Total debt stood at $87.6 million as of June 27, 2025 [14] Guidance for Fiscal 2026 - The company provided guidance for fiscal 2026, projecting full year revenue between $440 million and $460 million and Adjusted EBITDA between $45.0 million and $55.0 million [22]