Filing Flows › Aviat Networks (AVNW) › Q2 FY25
Aviat Networks (AVNW) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 4, 2025
Aviat Networks (AVNW) reported revenue of $118M for the second quarter fiscal 2025 (Q2 FY25), +26% from a year earlier and +34% from the quarter before. Operating margin was 6.7%, net earnings $4.5M (3.8% of revenue).
Aviat Networks, Q2 FY25: revenue $118M (+26% year over year), operating margin 6.7%, net earnings $4.5M, operating cash flow $20.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | +34% | +26% |
| Gross profit | $40.9M | +107% | +13% |
| Operating profit | $8.0M | — | +135% |
| Net earnings | $4.5M | — | +152% |
| Operating cash flow | $20.8M | — | — |
| Free cash flow | $18.3M | — | — |
What changed
Revenue was $118.2M in Q2 FY25, up 26% year over year and up 34% from the previous quarter. Product sales was the largest line at 70% of revenue. Product sales added $17.3M year over year (up 27%), 71% of the total change.
Gross margin was 34.6%, down 4.2 points from a year earlier. Operating profit was $8.0M, a 6.7% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 4% margin then. Operating expenses fell 0% while revenue rose 26%. The fastest-growing cost line was Research & development (+22%). Net earnings were $4.5M, up 152% year over year. The effective tax rate was 26.6%.
Operating cash flow was $20.8M, 462% of net earnings. Non-cash charges added back $1.5M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $12.8M. Capital expenditures of $2.5M left free cash flow of $18.3M.
Questions
What was Aviat Networks' revenue in the second quarter fiscal 2025?
Aviat Networks (AVNW) reported revenue of $118M for the second quarter fiscal 2025 (Q2 FY25), +26% from a year earlier and +34% from the quarter before.
Was Aviat Networks profitable in the second quarter fiscal 2025?
Operating profit was $8.0M (6.7% of revenue) and net earnings $4.5M.
Source: Aviat Networks 10-Q on SEC EDGAR.