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Filing Flows › Aviat Networks (AVNW) › Q4 FY26 › vs Q3 FY26

Aviat Networks (AVNW) Q4 FY26 vs Q3 FY26 (quarter over quarter)

Aviat Networks's revenue rose $20.9M (+21%) from $100M in Q3 FY26 to $121M in Q4 FY26. The biggest changes: Product sales +$21.1M (+31%); Services −$235K (-0.7%).

Aviat Networks, Q4 FY26: revenue $121M (+5% year over year), operating margin 4.8%, net loss $1.3M, operating cash flow $3.1M. The chart draws each line against Q3 FY26, the increases inside each band.

Aviat Networks: what changed, Q4 FY26 vs Q3 FY26Aviat Networks: what changed, Q4 FY26 vs Q3 FY26Product sales$21.1MCosts & expenses$19.9MOperating costs$16.0MCost of revenue$12.9MFree cash flow (OCF − capex)$7.9MIncome tax$6.4MOperating cash flow$4.8MOperating cash sources$4.0MWorking capital & other$3.4MCapital expenditures−$3.1M

Margins

Q4 FY26Q3 FY26Change
Free cash flow margin2.0%-5.4%+7.4 pts

Every line

LineQ4 FY26Q3 FY26Change%
Product sales$89.5M$68.4M$21.1M+31%
Services$31.4M$31.6M−$235K-0.7%
Revenue$121M$100M$20.9M+21%
Net loss$1.3M$2.1M−$789K-38%
Costs & expenses$122M$102M$19.9M+19%
Operating costs$115M$99.1M$16.0M+16%
Interest & other, net$921K$3.2M−$2.3M-72%
Income tax$6.2M−$244K$6.4M—
Cost of revenue$83.6M$70.7M$12.9M+18%
Research & development$7.2M$7.7M−$418K-5%
SG&A$22.4M$20.4M$2.0M+10%
Other operating costs$1.8M$323K$1.5M+457%
Operating cash sources$4.4M$362K$4.0M12×
Depreciation & amortization$1.2M$700K$457K+65%
Share-based compensation$1.7M$1.6M$139K+9%
Working capital & other$1.5M−$1.9M$3.4M—
Net loss absorbed$1.3M$2.1M−$789K-38%
Operating cash flow$3.1M−$1.7M$4.8M—
Free cash flow (OCF − capex)$2.5M−$5.4M$7.9M—
Capital expenditures$615K$3.7M−$3.1M-83%

Questions

How much did Aviat Networks's revenue grow quarter over quarter in Q4 FY26?

Aviat Networks's revenue rose $20.9M (+21%) from $100M in Q3 FY26 to $121M in Q4 FY26.

What drove Aviat Networks's revenue change in Q4 FY26?

Product sales +$21.1M (+31%); Services −$235K (-0.7%).

Q4 FY26 results → · Compare in the interactive Sankey →