PR Newswire·Nov 10, 2026, 8:00 AM ET

Aviat Networks Announces Fiscal 2027 First Quarter and Three Month Financial Results

Aviat Networks reported Q1 fiscal 2027 total revenues of $102.0 million, a 5.0% decrease from the prior year period.
First-quarter bookings reached a record over $150 million, representing a 75% year-over-year increase & a book-to-bill ratio exceeding 1.5.
GAAP operating income was $0.9 million with a GAAP net loss of $2.8 million, while non-GAAP operating income was $3.9 million & non-GAAP net income was $1.5 million.
Non-GAAP diluted earnings per share were $0.12, compared to a GAAP diluted net loss per share of $0.22.
Aprisa bookings grew 61% year-over-year, driven by increased momentum with North American utility companies.
Non-GAAP operating expenses decreased to $26.2 million due to ongoing cost controls, down from $28.4 million in the prior year.
Gross margins were 29.6% for both GAAP & non-GAAP measures, a decrease from 33.2% GAAP & 33.8% non-GAAP in the prior year due to regional & product mix changes.
Cash & cash equivalents stood at $55.4 million as of October 2, 2026, while total debt was $85.9 million.
The company updated its fiscal 2027 full-year revenue guidance to $450–$475 million & Adjusted EBITDA guidance to $50.0–$55.0 million.
North American revenue fell 6.5% to $49.2 million & international revenue fell 3.5% to $52.7 million, primarily due to project timing & capital expenditure plans.