Aviat Networks Announces Fiscal 2026 Third Quarter and Nine Month Financial Results

Total Q3 QTD Revenues of $100.0 million Q3 QTD Operating Income of $0.9 million; Q3 QTD Non-GAAP Operating Income of $3.0 million Q3 QTD Net Earnings of $(2.1) million; Q3 QTD Adjusted EBITDA of $4.4 million Q3 QTD Diluted Earnings per Share of $(0.16); Q3 QTD Non-GAAP Diluted Earnings per Share of $0.06 AUSTIN, Texas, May 4, 2026 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2026 third quarter ended March 27, 2026. Third Quarter Highlights 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 the same nine-month period of fiscal 2025 Increased year-to-date GAAP operating income to $13.4 million compared to $1.7 million in the comparable year-to-date period last year Reduced quarterly GAAP operating expenses by $1.7 million and Non-GAAP operating expenses by $0.8 million versus the year-ago period Maintained a trailing-twelve month book-to-bill ratio greater than 1.0 Third Quarter QTD Financial Highlights Total Revenues: $100.0 million GAAP Results: Gross Margin 29.3%; Operating Expenses $28.3 million; Operating Income $0.9 million; Net Loss $2.1 million; Net Loss per diluted share ("Net Loss per share") $0.16 Non-GAAP Results: Adjusted EBITDA $4.4 million; Gross Margin 29.4%; Operating Expenses $26.4 million; Operating Income $3.0 million; Net Income $0.7 million; Net Income per share $0.06 Cash and cash equivalents: $78.1 million Net debt: $26.1 million Fiscal 2026 Third Quarter and Nine Months Ended March   27, 2026 Revenues The Company reported total revenues of $100.0 million for its fiscal 2026 third quarter, compared to $112.6 million in the fiscal 2025 third quarter, a decrease of $12.6 million or 11.2%.