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Harmonic vs Aviat Networks: HLIT and AVNW compared

Harmonic is the larger company: $149M of revenue in its latest quarter (Q3 2026) against $121M for Aviat Networks (Q4 FY26). Harmonic is growing faster (+64% against +5% a year earlier). Harmonic is more profitable, with an operating margin of 17.6% against 4.8%.

Harmonic vs Aviat Networks, latest quarterHarmonic vs Aviat Networks, latest quarterHarmonic (HLIT)Aviat Networks (AVNW)Revenue$149M$121MRevenue growth, Y/Y+64%+5%Operating margin17.6%4.8%Net margin9.8%-1.1%Free cash flow$47.4M$2.5M

Where the money goes: HLIT and AVNW

Harmonic (HLIT) · Q3 2026

Harmonic, Q3 2026: revenue $149M (+64% year over year), operating margin 17.6%, net earnings $14.6M, operating cash flow $50.2M. The chart follows the revenue to costs, profit and cash.

Aviat Networks (AVNW) · Q4 FY26

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 follows the revenue to costs, profit and cash.

Harmonic revenue by segment, Q3 2026Harmonic revenue by segment, Q3 2026Appliance Integration$137MSaa S Service$11.7M
Aviat Networks revenue by segment, Q4 FY26Aviat Networks revenue by segment, Q4 FY26Product sales$89.5MServices$31.4M
Harmonic (HLIT)Aviat Networks (AVNW)
Latest quarterQ3 2026Q4 FY26
Revenue$149M$121M
Revenue growth, Y/Y+64%+5%
Gross margin51.8%—
Operating margin17.6%4.8%
Net earnings$14.6M−$1.3M
Net margin9.8%-1.1%
Operating cash flow$50.2M$3.1M
Free cash flow$47.4M$2.5M

Where the revenue comes from

Harmonic

Aviat Networks

Questions

Which is bigger, Harmonic or Aviat Networks?

Harmonic is the larger company: $149M of revenue in its latest quarter (Q3 2026) against $121M for Aviat Networks (Q4 FY26).

Is Harmonic or Aviat Networks growing faster?

Harmonic is growing faster (+64% against +5% a year earlier).

Which is more profitable, Harmonic or Aviat Networks?

Harmonic is more profitable, with an operating margin of 17.6% against 4.8%.

More: Harmonic earnings · how Harmonic makes money · Aviat Networks earnings · how Aviat Networks makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-K filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.