AVIAT NETWORKS, INC.
For the period ended Dec 26, 2025. Filed Feb 3, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 26, 2025 · Filed Feb 3, 2026
AVNW$17.66+4.1%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Operations (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | December 26,2025 | December 27,2024 | December 26,2025 | December 27,2024 |
| Revenues: | ||||
| Product sales | $81,210 | $82,312 | $156,294 | $143,428 |
| Services | 30,262 | 35,885 | 62,498 | 63,198 |
| Total revenues | 111,472 | 118,197 | 218,792 | 206,626 |
| Cost of revenues: | ||||
| Product sales | 54,459 | 54,969 | 107,146 | 107,170 |
| Services | 20,912 | 22,342 | 39,882 | 38,782 |
| Total cost of revenues | 75,371 | 77,311 | 147,028 | 145,952 |
| Gross margin | 36,101 | 40,886 | 71,764 | 60,674 |
| Operating expenses: | ||||
| Research and development | 6,409 | 10,222 | 13,507 | 20,630 |
| Selling and administrative | 22,384 | 21,279 | 45,760 | 46,227 |
| Restructuring charges | 21 | 1,415 | 21 | 1,415 |
| Total operating expenses | 28,814 | 32,916 | 59,288 | 68,272 |
| Operating income (loss) | 7,287 | 7,970 | 12,476 | (7,598) |
| Interest expense, net | 1,908 | 1,580 | 3,620 | 2,695 |
| Other (income) expense, net | (2,744) | 269 | (1,771) | 979 |
| Income (loss) before income taxes | 8,123 | 6,121 | 10,627 | (11,272) |
| Provision for (benefit from) income taxes | 2,405 | 1,626 | 4,747 | (3,888) |
| Net income (loss) | $5,718 | $4,495 | $5,880 | $(7,384) |
| Net income (loss) per share of common stock outstanding: | ||||
| Basic | $0.44 | $0.35 | $0.46 | $(0.58) |
| Diluted | $0.44 | $0.35 | $0.45 | $(0.58) |
| Weighted-average shares outstanding: | ||||
| Basic | 12,856 | 12,689 | 12,808 | 12,667 |
| Diluted | 13,005 | 12,784 | 12,995 | 12,667 |
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