Saturday 10 October 2026 Export all AVNW data to Excel Powerpack

Aviat Networks, Inc.

Aviat Networks, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $439.7 million, up 1.17% from fiscal 2025. In the quarter to June 2026, revenue grew 4.81%, EPS fell 124.4%, free cash flow fell 56.3% and total debt rose 10.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

20.77 0.35 +1.71%

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Market cap: $262.6M
P/E: 109×
Fwd P/E: 9.6×
Dividend yield: —
F-score: 5/9
Altman Z: 0.45
Beneish M: −2.55
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.15

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	—	2	—	—	—	—	—	3	—	—

Insider Ownership 11.96%

Capital & Financial Ratios $m

Market Cap 262.57

Revenue 439.68

Net Income 2.54

Free Cash Flow 6.09

Net Debt 24.16

Current Ratio 1.97

Debt/Equity 0.36

P/E ratio 109.32

Fwd P/E 9.61

P/S ratio 0.61

P/B ratio 1.00

Past 5Y EPS Growth (54.19%)

This Y EPS Growth 53.36%

Next Y EPS Growth 31.72%

Next Y revenue growth 5.51%

Next 5Y EPS Growth 34.68%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 88.76%

10-year low 10-year high

P/S against its own 10 years 53.51%

10-year low 10-year high

P/B against its own 10 years 18.17%

10-year low 10-year high

EV/Sales against its own 10 years 54.65%

10-year low 10-year high

EV/FCF against its own 10 years 83.99%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	22	65	60	73
Receivables	158	249	286	274
Inventory	33	62	84	69
Other	22	30	34	23
	236	405	464	439

	2023	2024	2025	2026
Payables	60	93	148	120
ST’ Debt	1	2	19	8
Other	45	80	75	61
	130	219	282	223

Compound Annual Growth %

	10y	5y	3y
Sales	5.05%	9.85%	8.48%
Cash Flow	43.90%	(4.76%)	0.00%
Earnings	0.00%	(52.95%)	(37.03%)
Book Value	17.47%	7.84%	6.92%

Revenue $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	107	111	100	121	440
’25	88	118	113	115	435
’24	87	94	111	117	408
’23	81	91	83	89	344
’22	73	78	75	77	303
’21	66	71	66	72	275

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	(12)	24	(2)	3	14
’25	(27)	21	2	11	6
’24	14	(7)	15	8	31
’23	(6)	(2)	(1)	7	(2)
’22	1	(3)	(9)	14	3
’21	4	6	4	3	17

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	(13)	22	(5)	2	6
’25	(33)	21	(1)	6	(7)
’24	13	(8)	15	8	28
’23	(23)	14	(5)	7	(7)
’22	0	(3)	(7)	13	3
’21	3	6	3	3	14

Fiscal quarters ending in the months shown.

EPS $

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	0.01	0.44	(0.16)	(0.10)	0.19
’25	(0.94)	0.35	0.27	0.40	0.10
’24	0.34	0.15	0.27	0.12	0.86
’23	(0.25)	0.51	0.41	0.18	0.97
’22	0.39	0.49	0.51	0.39	1.79
’21	0.54	0.58	8.00	0.24	9.42

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	5.18	6.15	6.18	3.55	16.03	23.88	21.15	12.96	15.80	13.92	Analyst estimates 2027–2029 Powerpack
	High	12.07	9.54	8.27	20.65	43.76	35.18	39.80	38.85	26.83	27.02
People
People	Employees	710	704	708	674	687	712	704	913	923	900
	Revenue/emp, $m	0.34	0.34	0.34	0.35	0.40	0.43	0.49	0.45	0.47	0.49
Income, $m
Income, $m	Revenue	242	243	244	239	275	303	344	408	435	440
	Gross margin, %	31.20	33.20	32.51	35.49	37.33	36.06	35.53	35.47	32.08	31.45
	EBT	(1)	1	2	4	22	30	21	17	4	13
	EBT margin, %	(0.25)	0.52	0.64	1.55	8.16	10.05	6.19	4.14	0.82	3.01
	Net income	(1)	2	10	0	110	21	10	11	1	3
	Depreciation	6	5	4	4	5	4	6	5	8	6
Per share, $
Per share, $	Revenue	22.85	22.72	22.68	22.13	24.91	27.13	30.33	33.50	34.27	34.22
	Earnings	(0.08)	0.18	0.91	0.03	9.98	1.89	1.01	0.88	0.11	0.20
	Cash flow	0.89	0.77	0.27	1.62	1.57	0.25	(0.14)	2.51	0.45	1.06
	Capex	(0.38)	(0.61)	(0.49)	(0.43)	(0.26)	0.04	(0.47)	(0.22)	(1.02)	(0.58)
	Free cash flow	0.51	0.15	(0.21)	1.20	1.31	0.29	(0.61)	2.29	(0.57)	0.47
	Book value	5.13	5.39	6.65	6.37	16.61	18.07	19.26	21.01	20.75	20.81
	Shares, m	11	11	11	11	11	11	11	12	13	13
Valuation, ×
Valuation, ×	P/E	0.00	48.69	7.33	365.20	3.31	13.25	37.52	31.14	240.50	116.84
	P/S	0.38	0.37	0.29	0.41	1.32	0.92	1.10	0.83	0.70	0.65
	P/B	1.69	1.58	1.00	1.43	1.97	1.39	1.73	1.32	1.16	1.07
	EV/Sales	0.27	0.26	0.20	0.29	1.16	0.77	1.04	0.79	0.77	0.70
	EV/FCF	12.00	37.97	(21.00)	7.62	21.98	71.56	(51.52)	11.51	(45.92)	50.80
Cash, $m
Cash, $m	Operating cash flow	9	8	3	17	17	3	(2)	31	6	14
	Capex	(4)	(7)	(5)	(5)	(3)	0	(5)	(3)	(13)	(7)
	Free cash flow	5	2	(2)	13	14	3	(7)	28	(7)	6
Balance, $m
Balance, $m	Working capital	39	37	44	46	74	102	106	186	181	216
	Total debt	9	9	9	11	4	3	3	48	88	97
	Net debt	(27)	(28)	(23)	(30)	(44)	(45)	(19)	(16)	28	24
	Shareholders’ equity	54	58	72	69	183	202	219	256	263	267
Returns, %
Returns, %	ROA	(0.52)	1.20	5.99	0.15	46.14	6.81	2.96	2.40	0.23	0.41
	ROIC	(2.29)	2.83	1.76	5.50	9.96	11.45	7.72	5.06	2.27	4.12
	ROE	(1.53)	3.30	15.09	0.37	87.41	10.99	4.84	4.53	0.52	0.96

Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ADTN ADTRAN Holdings, Inc.	$610.3M	— (loss-making)	— (loss-making)	+6.07% (above 0%: growing)	n/m	−52.65% (below 0%: shrinking)	36.97%	(3.58%)	Compare
CLFD Clearfield, Inc.	$450.2M	— (loss-making)	76.5×	+13.18% (above 0%: growing)	+100.00% (above 0%: growing)	−6.00% (below 0%: shrinking)	31.79%	5.86%	Compare
SILC Silicom Ltd	$326.7M	— (loss-making)	— (loss-making)	+58.51% (above 0%: growing)	n/m	−29.51% (below 0%: shrinking)	30.11%	(8.37%)	Compare
LTRX Lantronix, Inc.	$320.2M	— (loss-making)	179×	+8.03% (above 0%: growing)	n/m	+89.00% (above 0%: growing)	43.67%	(1.26%)	Compare
BKTI BK TECHNOLOGIES, INC.	$276.5M	20.3×	26.1×	+10.63% (above 0%: growing)	−18.45% (below 0%: shrinking)	−85.95% (below 0%: shrinking)	51.86%	16.35%	Compare
AUDC AudioCodes Ltd.	$271.2M	43.8×	26.7×	+3.08% (above 0%: growing)	+100.00% (above 0%: growing)	−15.07% (below 0%: shrinking)	65.70%	5.08%	Compare
AVNW Aviat Networks, Inc.	$262.6M	109×	9.6×	+4.81% (above 0%: growing)	n/m	−56.30% (below 0%: shrinking)	30.81%	4.82%
CRNT Ceragon Networks Ltd.	$189.1M	— (loss-making)	29.6×	+14.16% (above 0%: growing)	n/m	−65.76% (below 0%: shrinking)	31.65%	0.25%	Compare
OCC Optical Cable Corporation	$138.9M	54.5×	— (loss-making)	+21.99% (above 0%: growing)	+425.00% (above 0%: growing)	+156.41% (above 0%: growing)	37.43%	8.69%	Compare
Median of peers	$298.3M	43.8×	29.6×	+11.91%	+100.00%	−22.29%	37.20%	2.67%

All 47 Communication Equipment stocks →

Aviat Networks, Inc. (AVNW) key facts

Strength: Aviat Networks, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $439.7 million, up 1.17% from fiscal 2025.
Aviat Networks, Inc. (AVNW) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
As of October 9, 2026, AVNW traded at $20.77, a market capitalization of $262.6 million.
Return on equity was 0.96% and debt-to-equity 0.36.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.45 (distress zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.