Filing Flows › Aviat Networks (AVNW) › Q3 FY25
Aviat Networks (AVNW) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 6, 2025
Aviat Networks (AVNW) reported revenue of $113M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and -5% from the quarter before. Operating margin was 8.3%, net earnings $3.5M (3.1% of revenue).
Aviat Networks, Q3 FY25: revenue $113M (+2% year over year), operating margin 8.3%, net earnings $3.5M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | -5% | +2% |
| Gross profit | $39.3M | -4% | +9% |
| Operating profit | $9.3M | +17% | +64% |
| Net earnings | $3.5M | -22% | -9% |
| Operating cash flow | $1.6M | -92% | -89% |
What changed
Revenue was $112.6M in Q3 FY25, up 2% year over year and down 5% from the previous quarter. Product sales was the largest line at 68% of revenue. Product sales added $6.0M year over year (up 8%), 329% of the total change. Services declined 10%.
Gross margin was 34.9%, up 2.3 points from a year earlier. Operating profit was $9.3M, a 8.3% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 200% reached operating profit, above the 5% margin then. Operating expenses fell 1% while revenue rose 2%. Net earnings were $3.5M, down 9% year over year. The effective tax rate was 24.4%.
Operating cash flow was $1.6M (down 89% year over year), 46% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Aviat Networks' revenue in the third quarter fiscal 2025?
Aviat Networks (AVNW) reported revenue of $113M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and -5% from the quarter before.
Was Aviat Networks profitable in the third quarter fiscal 2025?
Operating profit was $9.3M (8.3% of revenue) and net earnings $3.5M.
Source: Aviat Networks 10-Q on SEC EDGAR.