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How Aviat Networks (AVNW) makes money

Aviat Networks (AVNW) made $121M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Product sales brought in $89.5M (74%); Services brought in $31.4M (26%).

Drawing the Sankey…

Aviat Networks revenue by segment, Q4 FY26Aviat Networks revenue by segment, Q4 FY26Product sales$89.5MServices$31.4M
Aviat Networks: revenue by line, Q2 FY25 to Q4 FY26Aviat Networks: revenue by line, Q2 FY25 to Q4 FY26Product salesServicesProduct sales: $89.5M latest$89.5MServices: $31.4M latest$31.4MQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Product sales went from 70% of revenue in Q2 FY25 to 74% in Q4 FY26, the largest shift in the mix.
Aviat Networks revenue by quarterAviat Networks revenue by quarter$118MQ2 FY25$113MQ3 FY25$115MQ4 FY25$107MQ1 FY26$111MQ2 FY26$100MQ3 FY26$121MQ4 FY26
Aviat Networks: where each dollar of revenue goesAviat Networks: where each dollar of revenue goesIncome tax5¢Operating cash flow3¢Free cash flow2¢

Revenue by segment, Q4 FY26

SegmentRevenueShareQ/QY/Y
Product sales$89.5M74.1%+31%—
Services$31.4M25.9%-0.7%—

Where each dollar of revenue goes

LineQ4 FY26% of revenue
Revenue$121M100.0%
Income tax$6.2M5.1%
Operating cash flow$3.1M2.6%
Free cash flow$2.5M2.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q4 FY26$121M+5%
Q3 FY26$100M-11%
Q2 FY26$111M-6%
Q1 FY26$107M+21%
Q4 FY25$115M-1%
Q3 FY25$113M+2%
Q2 FY25$118M+26%

From Aviat Networks' 10-K filed Aug 27, 2026 (on EDGAR).

Questions

How does Aviat Networks make money?

Aviat Networks (AVNW) made $121M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Product sales brought in $89.5M (74%); Services brought in $31.4M (26%).

What is Aviat Networks' biggest business?

Product sales: $89.5M in the fourth quarter fiscal 2026, 74% of revenue.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.