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Dec 29, 2023
Aviat Q2 2024 Earnings Report
Aviat Networks reported increased revenue and gross margin, and achieved record adjusted EBITDA margin. The acquisition of NEC Wireless business (Pasolink) was closed and integration is ahead of plan.
Key Takeaways
Aviat Networks reported a 4.8% year-over-year increase in total revenue, reaching $95.0 million. The company's gross margin improved by 330 basis points to 38.8%. Operating income was $5.0 million, with a non-GAAP operating income of $12.6 million. Adjusted EBITDA increased by 6.5% year-over-year to $13.7 million.
Continued year-over-year growth in quarterly revenues and gross margins
Achieved 14th consecutive quarter of growth in both revenue and Adjusted EBITDA on a trailing twelve-month basis
Closed acquisition of NEC Corporation’s wireless transport business and progressed integration
Delivered record first half revenue in the Aviat Store
Revenue by Geographic Location
Forward Guidance
Aviat Networks is raising its fiscal 2024 full year guidance.
Positive Outlook
- Full year Revenue between $425 and $432 million
- Full year Adjusted EBITDA between $51.0 and $56.0 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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