Aviat Networks earnings date
Aviat Networks (HSD1) Q1 2027 Earnings Report
DE:HSD1 Q1 2027 EPS Results
- Actual EPS
- EUR 0.11
- Consensus EPS
- EUR 0.27
- Beat/Miss
- Missed by -EUR 0.16
- One Year Ago EPS
- EUR 0.39
DE:HSD1 Q1 2027 Revenue Results
- Actual Revenue
- EUR 91.30M
- Expected Revenue
- EUR 92.71M
- Beat/Miss
- Missed by -EUR 1.41M
- YoY Revenue Growth
- -4.99%
Earnings Announcement Details
- Quarter
- Q1 2027
- Date
- 11/10/2026
- Time
- Before Open
- Conference Call
- Tuesday, November 10, 2026
Aviat Networks's next earnings date is estimated for February 3, 2027, based on past reporting schedules.
Q1 2027 Earnings Call Audio
Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
The call presented a strong demand environment, marked by record bookings, backlog growth, major MDU potential, Aprisa momentum, new product launches, and unchanged profitability guidance. However, these positives were offset by component shortages, a Thailand manufacturing disruption, lower revenue and gross margins, customer rationalization removing $25 million to $30 million of planned revenue, and a quarterly operating cash use. Overall, the positive demand outlook and strategic opportunities were balanced by significant near-term execution and supply-chain challenges.
Aviat adjusted fiscal 2027 guidance to full year revenues in the range of $450 million to $475 million and full year adjusted EBITDA in the range of $50 million to $55 million, leaving the midpoint of the revenue guidance unchanged and increased the overall range of the revenue guidance; the lower end reflects supply chain shortages and the customer rationalization, while profitability guidance was left unchanged. The company expects the MDU to be in full-on ramp in the March quarter, with the September 2026 order of $35 million to $40 million intended to land in this fiscal year, though there could be some slippage into the July through September quarter, which would be Q1 FY '28. BEAD is viewed as mainly a calendar 2027 and beyond event and could be a couple of percent growth for Aviat when it hits its peak, although it is a little bit too early to estimate. Approximately $25 million to $30 million of revenue will be removed from the plan going forward, with no impact to profitability expected.
- Record Bookings and Backlog GrowthFirst-quarter bookings exceeded $150 million, up 75% year-over-year, with a book-to-bill ratio greater than 1.5. Backlog increased by $70 million, or 19%, from the fourth quarter of fiscal 2026.
- Significant MDU Program OpportunityDemand from the Tier 1 MDU customer was described as potentially the largest program in Aviat's history. Aviat received a follow-on order of $35 million to $40 million, has received subsequent orders, and remains engaged regarding additional markets and services. Management confirmed the overall opportunity at more than $100 million annually, said the program is expected to be in full-on ramp in the March quarter, and indicated that demand exceeds what current component availability permits the company to serve.
- Aprisa Portfolio Booking GrowthBookings for the overall Aprisa portfolio, including the Aprisa cellular router, increased 61% versus the year-ago period, reflecting progress with utility customers.
- Launch of LEO Satellite Integration SolutionAviat launched a low earth orbit satellite integration solution for microwave backhaul and cellular mobility applications. The solution integrates data-plane and network-management functions, provides one-screen visibility, and enables failover among LEO satellite, microwave, and cellular links.
- Launch of Quad All-Outdoor RadioAviat launched what management described as the industry's only Quad all-outdoor radio, combining four microwave channels in a single compact device. The company said it offers fewer boxes and better performance than competitive solutions, including support for smaller antennas, longer paths, and greater reliability.
- Initial BEAD Order and Broadband Program ProgressAviat received its first customer order related to the BEAD program. Management said all 56 states and territories had received final approval from the NCIA and expects BEAD to be mainly a calendar 2027-and-beyond event. At peak, management estimated BEAD could represent a couple of percent of Aviat's top-line growth.
- International and Regional Booking MomentumEMEA revenue grew 9% year-over-year. Management also said bookings increased year-over-year in North America, Latin America, Europe, the Middle East, and Africa, excluding regions where customers are being rationalized.
- Operating Expense ReductionFirst-quarter GAAP operating expenses declined to $29.3 million from $30.5 million, while non-GAAP operating expenses declined to $26.2 million from $28.4 million. The decreases were $1.2 million and $2.1 million, respectively.
- Balance Sheet and Working-Capital ImprovementsUnbilled receivables declined by $7 million sequentially to $75.1 million, the lowest level since fiscal 2024. Accounts receivable decreased by $16.3 million sequentially, and inventories declined by $2.8 million to $66.3 million.
- Strategic Supply Allocation and Vendor ManagementAviat reduced accounts payable by $26.2 million to improve its allocation priority with critical suppliers competing with hyperscalers for electronic components. Management said the action improved allocation from the supply base and was intended to secure supply ahead of time.
- Substantial Tax-Loss CarryforwardsAs of fiscal 2026 year-end, Aviat had more than $420 million of net operating losses, which management said should support minimal cash tax payments for the foreseeable future.
- Fiscal 2027 Revenue and EBITDA GuidanceFull-year fiscal 2027 revenue guidance is $450 million to $475 million, and adjusted EBITDA guidance is $50 million to $55 million. The midpoint of the revenue guidance was unchanged, the overall revenue range was increased, and profitability guidance was left unchanged.
- Positioning for Mission-Critical and Edge ConnectivityManagement reported increased interest from private-network and public-safety customers operating at the extreme edge of terrestrial networks for the company's LEO backhaul and mobility software suite. Aviat said its software solutions are increasingly focused on seamless connectivity between terrestrial networks and low earth orbit.
- Conditional Opportunity from a Potential Fourth CarrierManagement said a potential fourth carrier using microwave backhaul, acquiring previously announced DISH assets, or delivering seamless terrestrial-to-LEO connectivity could be positive for Aviat. Aviat noted that it was one of two vendors qualified with DISH.
DE:HSD1 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 03, 2027 | 2027 (Q2) | 0.31- | 0.48 | ― | ― |
| Nov 10, 2026 | 2027 (Q1) | 0.270.11 | 0.39 | -72.09% (-0.28) | |
| Aug 27, 2026 | 2026 (Q4) | 0.490.57 | 0.74 | -22.89% (-0.17) | |
| May 04, 2026 | 2026 (Q3) | 0.400.05 | 0.79 | -93.18% (-0.73) | |
| Feb 03, 2026 | 2026 (Q2) | 0.450.48 | 0.73 | -34.15% (-0.25) | |
| Nov 04, 2025 | 2026 (Q1) | 0.260.39 | -0.78 | 149.43% (+1.16) | |
| Sep 10, 2025 | 2025 (Q4) | 0.470.74 | 0.64 | 15.28% (+0.10) | |
| May 06, 2025 | 2025 (Q3) | 0.220.79 | 0.65 | 20.55% (+0.13) | |
| Feb 04, 2025 | 2025 (Q2) | 0.010.73 | 0.87 | -15.46% (-0.13) | |
| Nov 05, 2024 | 2025 (Q1) | ―- | 0.78 | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
