Aviat Networks, Inc. reported a modest increase in revenue for the fiscal year ending July 3, 2026, achieving $439.7 million, up 1.2% from $434.6 million in the previous fiscal year. The growth was primarily driven by a 10% increase in software and licenses, alongside a 6% rise in equipment sales. However, this was partially offset by a 15% decline in field services revenue. The company's net income rose significantly to $2.5 million, compared to $1.3 million in fiscal 2025, reflecting a 269.7% increase in income before taxes, which reached $13.2 million.
In terms of operational changes, Aviat completed two significant acquisitions: 4RF Limited for $18.2 million in July 2024, enhancing its industrial wireless access solutions, and NEC Corporation's wireless transport business for approximately $54.5 million in November 2023. These acquisitions are expected to bolster Aviat's product offerings and market presence, particularly in the Private LTE and 5G sectors. The company also reported a restructuring charge of $2.1 million, a decrease from $3.6 million in the previous year, as it continues to optimize its workforce and align its cost structure.
Aviat's customer base remains diverse, with no single customer accounting for more than 10% of total revenue in the past three fiscal years. The company serves over 3,000 customers globally, with revenue distribution approximately split evenly between North America and international markets. The company reported a backlog of $367 million as of July 3, 2026, up from $323 million the previous year, indicating a strong demand for its products and services.
The company’s gross margin slightly decreased to 31.5% from 32.1% in fiscal 2025, attributed to lower service revenue. Research and development expenses were reduced by 20.6% to $28.4 million, reflecting cost management initiatives. Aviat's total employee count stood at 900 as of July 3, 2026, with a focus on enhancing its workforce capabilities to support ongoing and future projects.
Looking ahead, Aviat Networks aims to leverage its acquisitions and strengthen its product portfolio to capture growth opportunities in the evolving telecommunications landscape, particularly with the ongoing rollout of 5G networks. The company remains committed to maintaining operational excellence and enhancing customer service, which it views as critical to sustaining its competitive edge in the market.
About AVIAT NETWORKS, INC.
Aviat Networks, Inc. designs, manufactures, and sells microwave and millimeter wave wireless transport and access networking solutions globally. Serving communications service providers and private network operators, its products enable cost-effective, high-capacity, low-latency wireless links as alternatives to fiber optics. Aviat offers comprehensive hardware, software, and professional services for network planning, deployment, and management, focusing on reducing total cost of ownership and supporting evolving mobile, broadband, and mission-critical applications.
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