In fiscal 2026, which ended Jul 3, 2026, Aviat Networks, Inc. reported revenue of $439.7 million, up 1.2% from the year before. Net income was $2.5 million, a profit margin of 0.6%. Operating income came to $19.2 million, an operating margin of 4.4%. Diluted earnings per share were $0.19. Across the 10 fiscal years shown, revenue grew from $241.9 million in fiscal 2017 to $439.7 million in fiscal 2026, about 6.9% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jul 3, 2026
|
FY 2025
Jun 27, 2025
|
FY 2024
Jun 28, 2024
|
FY 2023
Jun 30, 2023
|
FY 2022
Jul 1, 2022
|
FY 2021
Jul 2, 2021
|
FY 2020
Jul 3, 2020
|
FY 2019
Jun 28, 2019
|
FY 2018
Jun 29, 2018
|
FY 2017
Jun 30, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
440
+1.2%
|
435
+6.5%
|
408
+18.5%
|
344
+13.7%
|
303
+10.2%
|
275
+15.2%
|
239
-2.1%
|
244
+0.6%
|
243
+0.3%
|
242
-10.0%
|
| Cost of revenue |
301
+2.1%
|
295
+12.1%
|
263
+18.6%
|
222
+14.6%
|
194
+12.4%
|
172
+11.9%
|
154
-6.5%
|
165
+1.6%
|
162
-2.6%
|
166
-19.6%
|
| Gross profit |
138
-0.8%
|
139
-3.7%
|
145
+18.3%
|
122
+12.0%
|
109
+6.5%
|
103
+21.2%
|
85
+6.8%
|
79
-1.5%
|
81
+6.7%
|
75
+22.3%
|
| Research and development |
28
-20.6%
|
36
-1.8%
|
36
+46.2%
|
25
+10.2%
|
23
+3.6%
|
22
+13.1%
|
19
-8.7%
|
21
+6.9%
|
20
+5.7%
|
19
-10.2%
|
| Selling, general and administrative |
89
-1.1%
|
89
+5.2%
|
85
+21.8%
|
70
+21.1%
|
58
+2.4%
|
56
-2.9%
|
58
+3.4%
|
56
-3.6%
|
58
+1.7%
|
57
-13.2%
|
| Restructuring and impairment |
2
-40.6%
|
4
-6.6%
|
4
+28.4%
|
3
+1165.5%
|
0
-89.5%
|
2
-43.9%
|
4
+450.1%
|
1
-42.5%
|
1
+117.1%
|
1
-76.0%
|
| Operating expenses |
119
-7.6%
|
129
+2.8%
|
125
+28.2%
|
98
+21.5%
|
80
+0.1%
|
80
-1.1%
|
81
+4.4%
|
78
-1.6%
|
79
+3.6%
|
76
-14.3%
|
| Operating income |
19
+81.9%
|
11
-45.5%
|
19
-21.2%
|
25
-14.4%
|
29
+29.4%
|
22
+557.5%
|
3
+146.9%
|
1
+3.9%
|
1
+233.7%
|
-1
+96.4%
|
| Pretax income |
13
+269.7%
|
4
-78.8%
|
17
-20.7%
|
21
-30.0%
|
30
+35.6%
|
22
+505.0%
|
4
+139.3%
|
2
+22.4%
|
1
+309.3%
|
-1
+97.9%
|
| Income tax |
11
+377.9%
|
2
-63.6%
|
6
-44.9%
|
11
+20.2%
|
9
+110.6%
|
-88
-2640.5%
|
3
+142.2%
|
-8
-690.3%
|
-1
-6575.0%
|
0
-99.0%
|
| Net income |
3
+89.3%
|
1
-87.5%
|
11
+5.8%
|
10
-51.9%
|
21
-80.8%
|
110
+42755.6%
|
0
-97.4%
|
10
+427.8%
|
2
+324.2%
|
-1
+97.2%
|
| Basic EPS |
0.20
+81.8%
|
0.11
-87.5%
|
0.88
-2.2%
|
0.90
-52.4%
|
1.89
-81.1%
|
9.98
+49800.0%
|
0.02
-97.8%
|
0.91
+160.0%
|
0.35
|
—
|
| Diluted EPS |
0.19
+90.0%
|
0.10
-88.4%
|
0.86
+0.0%
|
0.86
-52.0%
|
1.79
-81.0%
|
9.42
+47000.0%
|
0.02
-97.7%
|
0.87
+163.6%
|
0.33
|
—
|
| Weighted average shares, basic |
13
+1.3%
|
13
+4.1%
|
12
+7.3%
|
11
+1.7%
|
11
+1.2%
|
11
+2.4%
|
11
+0.3%
|
11
+101.5%
|
5
|
—
|
| Weighted average shares, diluted |
13
+1.6%
|
13
+3.0%
|
12
+5.1%
|
12
+0.3%
|
12
+1.1%
|
12
+6.9%
|
11
-2.7%
|
11
+99.0%
|
6
|
—
|
| Other measures | ||||||||||
| Depreciation and amortization |
3
-39.0%
|
5
+33.8%
|
4
-27.1%
|
5
+22.7%
|
4
-17.1%
|
5
+22.7%
|
4
-1.8%
|
4
-14.1%
|
5
-11.0%
|
6
-12.2%
|
| EBITDA |
22
+41.3%
|
16
-32.0%
|
23
-22.3%
|
30
-9.4%
|
33
+20.3%
|
28
+255.4%
|
8
+33.1%
|
6
-10.4%
|
7
+34.2%
|
5
+123.3%
|
| Interest coverage |
—
|
—
|
—
|
—
|
—
|
—
|
62.56x
|
13.41x
|
45.41x
|
-19.70x
|
| Margins | ||||||||||
| Gross margin |
31.45%
|
32.08%
|
35.47%
|
35.53%
|
36.06%
|
37.33%
|
35.49%
|
32.51%
|
33.20%
|
31.20%
|
| Operating margin |
4.38%
|
2.43%
|
4.75%
|
7.15%
|
9.49%
|
8.08%
|
1.42%
|
0.56%
|
0.54%
|
-0.41%
|
| Pretax margin |
3.01%
|
0.82%
|
4.14%
|
6.19%
|
10.05%
|
8.16%
|
1.55%
|
0.64%
|
0.52%
|
-0.25%
|
| Profit margin |
0.58%
|
0.31%
|
2.64%
|
2.95%
|
6.98%
|
40.06%
|
0.11%
|
3.99%
|
0.76%
|
-0.34%
|
| EBITDA margin |
5.12%
|
3.66%
|
5.73%
|
8.74%
|
10.96%
|
10.04%
|
3.25%
|
2.39%
|
2.69%
|
2.01%
|
| Effective tax rate |
80.79%
|
62.50%
|
36.35%
|
52.29%
|
30.47%
|
-390.82%
|
93.07%
|
-528.26%
|
-81.83%
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Radio & Tv Broadcasting & Communications Equipment (SIC 3663)
- Listed as
- AVNW (Nasdaq)
- Fiscal year ends
- June 30
- Incorporated in
- DE
- Headquarters
- Austin, TX
- SEC filer status
- Accelerated filer
- SEC CIK
- 1377789
- Former names
- Aviat Networks Inc (until Nov 14, 2016); Harris Stratex Networks, Inc. (until Jan 27, 2010); HARRIS STRATEX NETWORKS, INC. (until Jan 27, 2010)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.