Aviat Networks ( (AVNW) ) has released its Q1 earnings. Here is a breakdown of the information Aviat Networks presented to its investors.
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Aviat Networks, Inc., headquartered in Austin, Texas, is a leading provider of wireless transport and access solutions, serving communications service providers and private network operators globally.
In its fiscal 2026 first quarter, Aviat Networks reported a significant increase in revenue and profitability, showcasing a strong performance compared to the previous year. The company achieved a total revenue of $107.3 million, marking a 21.4% increase year-over-year, alongside a notable improvement in net income and operating income.
Key financial highlights include a GAAP operating income of $5.2 million, a substantial turnaround from a loss in the previous year, and a non-GAAP net income of $5.5 million. The company also reported an adjusted EBITDA of $9.1 million, reflecting a significant improvement driven by enhanced gross margins and effective cost management. Additionally, Aviat expanded its product portfolio with the launch of the Aprisa LTE 5G router solution, targeting various sectors including law enforcement and industrial enterprises.
Aviat Networks continues to maintain a strong cash position with $64.8 million in cash and cash equivalents, despite an increase in total debt. The company remains optimistic about its fiscal 2026 outlook, maintaining its full-year revenue guidance between $440 and $460 million, and adjusted EBITDA between $45.0 and $55.0 million.
Looking ahead, Aviat Networks is poised to capitalize on its strategic initiatives and product innovations, aiming to sustain its growth trajectory and enhance shareholder value.