Aviat Networks, Inc. (AVNW) Income Statement
AVNW FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsAVNW revenue and net income
Where AVNW's revenue goes
FY2026Each bar shows an amount and its share of revenue. AVNW kept 0.6% of revenue as net income.
AVNW profit margins
AVNW growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.2% | +8.5% | +7.7% | +5.0% |
| Gross profit | −0.8% | +4.2% | +4.8% | +8.4% |
| Operating income | — | — | −7.4% | — |
| Net income | +89.3% | −37.0% | −34.6% | — |
| EPS (diluted) | −7.2% | −22.5% | −7.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AVNW quarterly EPS vs estimates
Aviat Networks beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.20).
AVNW income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $439.7M | $434.6M | $408.1M | $344.4M | $303.0M | $303.0M | $238.6M | $243.9M | $242.5M | $241.9M |
| Cost of revenue | $301.4M | $295.2M | $263.4M | $222.1M | $193.7M | $193.7M | $153.9M | $164.6M | $162.0M | $166.4M |
| Gross profit | $138.3M | $139.4M | $144.7M | $122.4M | $109.2M | $109.2M | $84.7M | $79.3M | $80.5M | $75.5M |
| Research & development | $28.4M | $35.8M | $36.4M | $24.9M | $22.6M | $22.6M | $19.3M | $21.1M | $19.8M | $18.7M |
| Sales, general & admin | $88.5M | $89.5M | $85.0M | $69.8M | $57.7M | $56.3M | $58.0M | $56.1M | $58.2M | $57.2M |
| Total operating expenses | $118.7M | $150.0M | $164.1M | $147.0M | $80.5M | $80.5M | $81.3M | $77.9M | $79.2M | $76.5M |
| Operating income | $19.6M | −$10.6M | −$19.4M | −$24.6M | $28.7M | $28.7M | $3.4M | $1.4M | $1.3M | −$985,000 |
| Interest income | — | — | — | — | — | $230,000 | $385,000 | $267,000 | $198,000 | $261,000 |
| Interest expense | $7.7M | $6.1M | $2.3M | $532,000 | $5.7M | $3.1M | $54,000 | $102,000 | $29,000 | $50,000 |
| Income before taxes | $13.2M | $3.6M | $16.9M | $21.3M | $30.4M | $30.4M | $3.7M | $1.6M | $1.3M | −$605,000 |
| Income taxes | $10.7M | $2.2M | $6.1M | $11.1M | $9.3M | $9.3M | $3.5M | −$8.2M | −$1.0M | $16,000 |
| Net income | $2.5M | $1.3M | $10.8M | $10.2M | $21.2M | $21.2M | $257,000 | $9.7M | $1.8M | −$823,000 |
| EBITDA | $27.0M | $17.7M | $24.2M | $28.0M | $33.4M | $34.0M | $11.8M | $6.1M | $7.8M | $5.3M |
| EPS (diluted) | $1.54 | $1.66 | $3.29 | $3.31 | $2.72 | $2.30 | $0.76 | $0.56 | $0.44 | −$0.02 |
| Gross margin | 31.5% | 32.1% | 35.5% | 35.5% | 36.1% | 36.1% | 35.5% | 32.5% | 33.2% | 31.2% |
| Operating margin | 4.5% | −2.4% | −4.8% | −7.1% | 9.5% | 9.5% | 1.4% | 0.6% | 0.5% | −0.4% |
| Net margin | 0.6% | 0.3% | 2.6% | 3.0% | 7.0% | 7.0% | 0.1% | 4.0% | 0.8% | −0.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.9M | $100.0M | $111.5M | $107.3M | $115.3M | $112.6M | $118.2M | $88.4M | $113.9M | $88.4M | $113.9M | $87.6M |
| Cost of revenue | $83.6M | $70.7M | $75.4M | $71.7M | $75.9M | $73.3M | $77.3M | $68.6M | $74.4M | $68.6M | $74.4M | $55.7M |
| Gross profit | $37.2M | $29.3M | $36.1M | $35.7M | $39.5M | $39.3M | $40.9M | $19.8M | $39.5M | $19.8M | $39.5M | $31.9M |
| Research & development | $7.2M | $7.7M | $6.4M | $7.1M | $7.4M | $7.7M | $10.2M | $10.4M | $11.0M | $10.4M | $11.0M | $6.4M |
| Sales, general & admin | $22.4M | $20.4M | $22.4M | $23.4M | $21.1M | $22.1M | $21.3M | $24.9M | $23.1M | $21.3M | $21.4M | $19.2M |
| Total operating expenses | $31.4M | $28.0M | $28.8M | $30.5M | $51.7M | $30.0M | $32.9M | $35.4M | $108.4M | $35.4M | $35.7M | $26.3M |
| Operating income | $5.8M | $1.3M | $7.3M | $5.2M | −$12.3M | $9.3M | $8.0M | −$15.6M | $5.5M | −$15.6M | $3.8M | $5.5M |
| Interest expense | $2.2M | $1.8M | $1.9M | $1.7M | $1.6M | $1.6M | $1.6M | $1.4M | — | $928,000 | $394,000 | $99,000 |
| Income before taxes | $4.9M | −$2.3M | $8.1M | $2.5M | $10.2M | $4.7M | $6.1M | −$17.4M | $3.0M | −$17.4M | $3.0M | $4.6M |
| Income taxes | $6.2M | −$244,000 | $2.4M | $2.3M | $5.0M | $1.1M | $1.6M | −$5.5M | — | −$5.5M | $2.5M | $641,000 |
| Net income | −$1.3M | −$2.1M | $5.7M | $162,000 | $5.2M | $3.5M | $4.5M | −$11.9M | $447,000 | −$11.9M | $447,000 | $4.0M |
| EBITDA | $9.0M | $964,000 | $11.7M | $5.4M | $14.1M | $8.1M | $10.0M | −$14.4M | — | −$14.6M | $9.1M | $7.5M |
| EPS (diluted) | $0.51 | $0.06 | $0.54 | $0.43 | $0.83 | $0.88 | $0.82 | −$0.87 | $0.72 | $0.73 | $0.97 | $0.87 |
| Gross margin | 30.8% | 29.3% | 32.4% | 33.2% | 34.2% | 34.9% | 34.6% | 22.4% | 34.7% | 22.4% | 34.7% | 36.4% |
| Operating margin | 4.8% | 1.3% | 6.6% | 4.8% | −10.6% | 8.3% | 6.7% | −17.6% | 4.8% | −17.6% | 3.4% | 6.3% |
| Net margin | −1.1% | −2.1% | 5.1% | 0.2% | 4.5% | 3.1% | 3.8% | −13.4% | 0.4% | −13.4% | 0.4% | 4.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AVNW's financial statements (latest annual report filed August 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AVNW financial results
In fiscal year 2026 (ended June 30, 2026), Aviat Networks reported revenue of $439.7 million, up 1.2% from the year before. It had net income of $2.5 million (up 89.3%), a net profit margin of 0.6%. Diluted earnings per share came to $1.54. Over five years revenue grew at an average rate of 7.7% a year.
See the AVNW stock overview for the latest quote and news, or the AVNW chart for price history and technical indicators.
AVNW income statement FAQ
What is Aviat Networks's annual revenue?
Aviat Networks reported total revenue of $439.7 million for fiscal year 2026, which ended on June 30, 2026. That was up 1.2% from $434.6 million the previous year.
Is Aviat Networks profitable?
Yes. Aviat Networks reported net income of $2.5 million in fiscal 2026, a net profit margin of 0.6%; its operating margin was 4.5%.
What is Aviat Networks's gross margin?
Aviat Networks's gross margin was 31.5% in fiscal 2026: for every $100 of revenue, Aviat Networks kept $31 after the direct cost of its products and services.
How much does Aviat Networks spend on research and development?
Aviat Networks spent $28.4 million on research and development in fiscal 2026, 6.5% of revenue.
How fast is Aviat Networks growing?
Revenue grew 7.7% a year on average over the last five fiscal years, from $303.0 million to $439.7 million.
What are Aviat Networks's earnings per share?
Aviat Networks earned $1.54 per diluted share in fiscal 2026, compared with $1.66 a year earlier.
When will Aviat Networks report its next earnings?
Aviat Networks is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Aviat Networks's fiscal year end?
Aviat Networks's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 27, 2026.