Filing Flows › Aviat Networks (AVNW) › Q2 FY26
Aviat Networks (AVNW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 3, 2026
Aviat Networks (AVNW) reported revenue of $111M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and +4% from the quarter before. Operating margin was 6.5%, net earnings $5.7M (5.1% of revenue).
Aviat Networks, Q2 FY26: revenue $111M (-6% year over year), operating margin 6.5%, net earnings $5.7M, operating cash flow $23.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $111M | +4% | -6% |
| Gross profit | $36.1M | +1% | -12% |
| Operating profit | $7.3M | +40% | -9% |
| Net earnings | $5.7M | 35× | +27% |
| Operating cash flow | $23.9M | — | +15% |
| Free cash flow | $22.5M | — | +23% |
What changed
Revenue was $111.5M in Q2 FY26, down 6% year over year and up 4% from the previous quarter. Product sales was the largest line at 73% of revenue. Services lost $5.6M year over year (down 16%), 84% of the total change.
Gross margin was 32.4%, down 2.2 points from Q2 FY25. Operating profit was $7.3M, a 6.5% margin (down 0.2 points year over year). Operating expenses fell 12% while revenue fell 6%. Net earnings were $5.7M, up 27% year over year. The effective tax rate was 29.6%.
Operating cash flow was $23.9M (up 15% year over year), 418% of net earnings. Non-cash charges added back $900K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $16.0M. Capital expenditures of $1.4M left free cash flow of $22.5M.
Questions
What was Aviat Networks' revenue in the second quarter fiscal 2026?
Aviat Networks (AVNW) reported revenue of $111M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and +4% from the quarter before.
Was Aviat Networks profitable in the second quarter fiscal 2026?
Operating profit was $7.3M (6.5% of revenue) and net earnings $5.7M.
Source: Aviat Networks 10-Q on SEC EDGAR.