Filing Flows › Aviat Networks (AVNW) › Q1 FY26
Aviat Networks (AVNW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 4, 2025
Aviat Networks (AVNW) reported revenue of $107M for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and -7% from the quarter before. Operating margin was 4.8%, net earnings $162K (0.2% of revenue).
Aviat Networks, Q1 FY26: revenue $107M (+21% year over year), operating margin 4.8%, net earnings $162K, operating cash flow −$11.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $107M | -7% | +21% |
| Gross profit | $35.7M | -10% | +80% |
| Operating profit | $5.2M | -42% | — |
| Net earnings | $162K | -97% | — |
| Operating cash flow | −$11.7M | -212% | — |
What changed
Revenue was $107.3M in Q1 FY26, up 21% year over year and down 7% from the previous quarter. Product sales was the largest line at 70% of revenue. Product sales added $14.0M year over year (up 23%), 74% of the total change.
Gross margin was 33.2%, up 10.9 points from a year earlier. Operating profit was $5.2M, a 4.8% margin (up 22.4 points year over year). Operating expenses fell 14% while revenue rose 21%. Net earnings were $162K. The effective tax rate was 93.5%.
Operating cash flow was −$11.7M. Non-cash charges added back $463K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $13.9M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$13.5M.
Questions
What was Aviat Networks' revenue in the first quarter fiscal 2026?
Aviat Networks (AVNW) reported revenue of $107M for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and -7% from the quarter before.
Was Aviat Networks profitable in the first quarter fiscal 2026?
Operating profit was $5.2M (4.8% of revenue) and net earnings $162K.
Source: Aviat Networks 10-Q on SEC EDGAR.