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Jun 27
Aviat Q4 2025 Earnings Report
Aviat posted higher profitability in Q4 2025 with strong non-GAAP earnings and record adjusted EBITDA.
Key Takeaways
Aviat Networks delivered a solid Q4 2025 with $115.3M in revenue and record non-GAAP profitability, driven by strong services growth and improved operating efficiency.
Revenue reached $115.3M, slightly down YoY.
GAAP EPS came in at $0.40, while non-GAAP EPS rose to $0.83.
Adjusted EBITDA hit a record $15.1M at a 13.0% margin.
North America revenue grew 3.2% driven by private network expansion.
Aviat
Aviat
Aviat Revenue by Segment
Aviat Revenue by Geographic Location
Revenue by Segment
Product Sales Revenue
CapyFin.comServices Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comAfrica & Middle East Revenue
CapyFin.comEurope Revenue
CapyFin.comLatin America & Asia Pacific Revenue
CapyFin.com Forward Guidance
Aviat expects continued revenue growth and higher profitability in fiscal 2026, supported by solid demand and operational execution.
Positive Outlook
- Fiscal 2026 revenue projected between $440M and $460M
- Adjusted EBITDA forecasted to range from $45M to $55M
- Continued strength in North American private network business
- Operational efficiencies driving margin improvements
- Strong balance sheet with nearly $60M in cash
Challenges Ahead
- International revenue declined YoY due to timing of projects
- Gross margin compressed by regional and project mix
- Product sales dropped YoY by over $11M
- Debt increased to $87.6M from prior quarters
- Persistent restructuring and M&A-related expenses
Revenue & Expenses
Visualization of income flow from segment revenue to net income