Aviat Networks, Inc. (AVNW)
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-09-04
$19.78+2.38%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-09-04
QuarterlyIQ Insights · AVNW
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Maintain fiscal 2026 full year revenue guidance between $428M-$440M and Adjusted EBITDA guidance between $35M-$40M.
Stated as a priority in 3 of last 3 quarters. Fiscal 2026 revenue guidance was initially $440-$460 million in 2026-Q1 and Q2 but was updated downward to $428-$440 million in 2026-Q3. Adjusted EBITDA guidance similarly declined from $45-$55 million to $35-$40 million. The trajectory shows management maintaining guidance but with downward revisions in the latest quarter, reflecting mixed delivery against original targets.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 55% of the time over the next year (vs 56% for the rest of the cohort, n=8445).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“The Company is updating its fiscal 2026 full year guidance to: Full year Revenue between $428 and $440 million; Full year Adjusted EBITDA between $35.0 and $40.0 million.”
“The Company is leaving its fiscal 2026 full year guidance as previously stated: Full year Revenue between $440 and $460 million; Full year Adjusted EBITDA between $45.0 and $55.0 million.”
“The Company is leaving its fiscal 2026 full year guidance as previously stated: Full year Revenue between $440 and $460 million; Full year Adjusted EBITDA between $45.0 and $55.0 million.”
Focus on growing North America revenue and increasing backlog to support future growth.
Stated in 2 of last 2 quarters. North America revenue grew from $46.2 million in 2026-Q3 to $68.3 million in 2026-Q4, a 17.8% increase year-over-year. Backlog increased 14% year-over-year to $367 million by 2026-Q4. The trajectory shows delivering growth in North America and backlog expansion supporting future revenue.
“Q4 total revenue of $120.9 million, up 4.8% versus prior year; North America revenues up 17.8%; backlog up 14% year-over-year.”
“Recorded fiscal 2026 year-to-date revenue growth for the first nine months in North America of $2.1 million or 1.4% compared to prior year.”
Continue to reduce or control operating expenses to improve profitability.
Stated as a priority in 3 of last 3 quarters. GAAP operating expenses decreased from $30.0 million in 2025-Q3 to $28.3 million in 2026-Q3 (-5.7%). Non-GAAP operating expenses also declined by $0.8 million in 2026-Q3 versus prior year. For the nine months ended 2026-Q3, operating expenses fell $10.6 million year-over-year. The trajectory shows delivering cost discipline and expense control.
“Reduced quarterly GAAP operating expenses by $1.7 million and Non-GAAP operating expenses by $0.8 million versus prior year period.”
“Non-GAAP total operating expenses were $26.4 million, compared to $27.2 million prior year, a decrease of $0.8 million or 3.1%.”
“Total operating expenses of $87.6 million, compared to $98.3 million prior year, a decrease of $10.6 million or 10.8%.”
Improve operating income and net income through margin management and cost control.
Stated in 3 of last 3 quarters. GAAP operating income for the nine months ended 2026-Q3 increased from $1.7 million in prior year to $13.4 million, and non-GAAP operating income rose from $16.1 million to $20.5 million. However, GAAP operating income in 2026-Q3 quarter declined versus prior year quarter. Overall, the trajectory shows mixed delivery with improvement year-to-date but some quarterly volatility.
“GAAP operating income of $0.9 million for 2026-Q3, compared to $9.3 million prior year quarter.”
“GAAP operating income increased to $13.4 million for nine months ended 2026-Q3 from $1.7 million prior year.”
“Non-GAAP operating income of $20.5 million for nine months ended 2026-Q3, compared to $16.1 million prior year.”
Implement share repurchase program to enhance shareholder value.
Newly stated in 2026-Q4. The company repurchased $2.2 million of shares at an average price of $16.55 per share in the quarter. This is the first quarter in the supplied disclosures where share repurchase activity was explicitly mentioned, indicating initial execution of the program.
“Repurchased $2.2 million of shares in Q4 at an average price of $16.55 per share.”
Over the trailing year it converted 3.07x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
13 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated neutral grew net income 60% of the time over the next year (vs 57% for the rest of the cohort, n=3673).
Not investment advice. As of 2026-09-04.