Earnings Releases·Nov 10, 2026, 8:05 AM ET

Aviat Networks — Fiscal 2027 First Quarter Earnings Summary

Total revenue declined 5.0% year-over-year to $102.0 million, while gross margin contracted to 29.6% from 33.2% and non-GAAP net income fell to $1.5 million ($0.12 per share) from $5.5 million ($0.43 per share) in the prior year.
Full-year fiscal 2027 guidance was lowered, with revenue now projected at $450 million–$475 million and Adjusted EBITDA at $50.0 million–$55.0 million.
Bookings reached a record $150 million, up 75% year-over-year, resulting in a book-to-bill ratio exceeding 1.5, driven by a 61% surge in Aprisa bookings.
Non-GAAP operating expenses decreased 7.5% to $26.2 million due to ongoing cost controls, while net debt reduced to $30.5 million.