Aviat Networks, Inc. (AVNW) AI Stock Analysis

Aviat Networks, Inc. specializes in delivering microwave networking solutions across global markets, including North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. Founded in 2006 and headquartered in Austin, Texas, the company supplies outdoor, indoor, and split-mount radios, microwave routers, switches, and trunking solutions. It complements hardware with software products like Aviat Design, Frequency Assurance Software, and Health Assurance Software. Aviat also offers network planning, design, integration, installation, maintenance, and managed services. Its customers include communications service providers, private network operators, government agencies, transportation entities, utilities, public safety agencies, and broadcast network operators.

Aviat Networks grew revenue from $303.0M in FY2022 to $439.7M in FY2026, generating a 5-year revenue CAGR of 7.7%. Annual revenue growth moderated to 1.2% in FY2026 after expanding 18.5% in FY2024 and 6.5% in FY2025. Gross margin contracted from 36.1% in FY2022 to 31.5% in FY2026. Operating margin recovered to 4.5% in FY2026 after negative margins of -7.1% in FY2023, -4.8% in FY2024, and -2.4% in FY2025. Net income was $2.5M in FY2026 with diluted EPS of $1.54. For the latest quarter ended June 30, 2026, quarterly revenue grew 4.8% year-over-year, while quarterly earnings increased 25.7%.

As of June 30, 2026, Aviat Networks held $72.8M in cash and short-term investments against total debt of $99.2M, resulting in net debt of $26.3M. Total assets stood at $599.0M and shareholders' equity was $267.4M. The company maintains a current ratio of 1.97 and a debt-to-equity ratio of 0.37. In FY2026, operating cash flow reached $13.6M, which supported $7.5M in capital expenditures and yielded $6.1M in free cash flow. Aviat also deployed $2.7M toward share buybacks during the fiscal year.

Aviat Networks trades at a trailing P/E of 99.7x and a forward P/E of 8.0x, compared to the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its enterprise value of $282.9M equates to an EV/EBITDA of 10.5x, below the peer group median of 16.6x. The stock trades at a price-to-sales multiple of 0.6x compared to the peer median of 2.8x. Over the past year, the stock fell 20.4%, trailing the S&P 500 return of 16.8%, and its 5-year return of -37.8% lagged the index return of 83.0%.

Wall Street coverage includes 7 Strong Buy ratings, 1 Buy rating, and zero Hold, Sell, or Strong Sell ratings. The mean price target is $32.75, representing a 72.9% premium over the closing price of $18.94 on October 16, 2026. For the fiscal year ending June 30, 2027, consensus estimates project revenue of $463.9M and EPS of $2.55, representing 53.4% earnings growth. Over the last 4 quarters, the company topped EPS estimates 3 times. The next earnings date is November 3, 2026.

This page is an AI-written research summary of Aviat Networks, Inc. (AVNW). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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