Aviat Networks statistics at a glance
Aviat Networks’ latest reported numbers show a business with a large international footprint, a meaningful services mix, and a balance sheet that changed materially across fiscal 2025 and the first quarter of fiscal 2026.
The most useful way to read Aviat Networks statistics is to start with the revenue base, then look at geography, product mix, backlog, and capital structure. The company’s reported periods show both growth and pressure in different places, which makes the details matter.
Fast facts
- Fiscal 2025 total revenue was $434.6 million, up 6.5% from fiscal 2024 (Q4 FY2025 results).
- Fiscal 2025 backlog was approximately $323 million as of June 27, 2025 (FY2025 10-K).
- International sales were 56% of total revenue in fiscal 2025 (FY2025 10-K).
- Aviat had 923 employees as of June 27, 2025, including 920 full-time employees (FY2025 10-K).
- Cash and cash equivalents were $64.8 million as of September 26, 2025 (Q1 FY2026 results).
- Total debt was $106.5 million as of September 26, 2025, producing net debt of $41.7 million (Q1 FY2026 results).
Contents
- Revenue and growth
- Geographic mix
- Product and service mix
- Backlog and operating signals
- Profitability and cash flow context
- Balance sheet and leverage
- Workforce and R&D
- Quarter-by-quarter comparison
- What the numbers suggest
Revenue and growth
Aviat Networks reported fiscal 2025 total revenue of $434.6 million, up 6.5% from fiscal 2024 (Q4 FY2025 results). That is the simplest headline number, but the more interesting detail is how revenue is distributed by region and how different operating streams are changing underneath the total.
The company also reported fiscal 2026 first-quarter revenue of $107.3 million, up 21.4% year over year (Q1 FY2026 results). That puts the latest quarter in a different growth posture than the full fiscal 2025 result, and it gives a clearer picture of how quickly the near-term run rate can move.
Revenue snapshot
| Metric | Amount | Source label |
|---|---|---|
| Fiscal 2025 total revenue | $434.6 million | Q4 FY2025 results |
| Fiscal 2026 Q1 revenue | $107.3 million | Q1 FY2026 results |
| Fiscal 2025 North America revenue | $207.6 million | Q4 FY2025 results |
| Fiscal 2025 Africa and the Middle East revenue | $49.4 million | FY2025 10-K |
| Fiscal 2025 Europe revenue | $31.7 million | FY2025 10-K |
| Fiscal 2025 Latin America and Asia Pacific revenue | $145.9 million | FY2025 10-K |
A practical way to interpret these numbers is that the company is not dependent on one narrow market. The reported regional totals show a broad spread across North America and multiple international regions (FY2025 10-K; Q4 FY2025 results).
Geographic mix
International sales were 56% of total revenue in fiscal 2025 (FY2025 10-K). That means international business accounted for more than half of Aviat’s top line, which matters because regional concentration can shape order timing, margins, and exposure to local demand cycles.
North America was still the single largest regional contributor, with $207.6 million in fiscal 2025 revenue (Q4 FY2025 results). But the international mix was substantial enough to drive most of the diversification story:
- Africa and the Middle East generated $49.4 million in fiscal 2025 revenue (FY2025 10-K).
- Europe generated $31.7 million in fiscal 2025 revenue, up 28.9% year over year (FY2025 10-K).
- Latin America and Asia Pacific generated $145.9 million in fiscal 2025 revenue, up 13.5% year over year (FY2025 10-K).
The Europe result stands out because its 28.9% year-over-year increase was the fastest among the named regions in the dataset. Latin America and Asia Pacific also posted a double-digit increase, while North America was comparatively flat at 0.7% year-over-year growth in fiscal 2025 (FY2025 10-K; Q4 FY2025 results).
Geographic comparison
| Region | Fiscal 2025 revenue | Year-over-year change | Source label |
|---|---|---|---|
| North America | $207.6 million | 0.7% | Q4 FY2025 results |
| Africa and the Middle East | $49.4 million | 1.1% | FY2025 10-K |
| Europe | $31.7 million | 28.9% | FY2025 10-K |
| Latin America and Asia Pacific | $145.9 million | 13.5% | FY2025 10-K |
The revenue mix indicates a business with clear international dependence, but not one that is confined to a single foreign market. The company’s 56% international sales share, plus the region-by-region growth pattern, suggests that changes in local demand can matter just as much as the overall company total (FY2025 10-K).
Product and service mix
Aviat’s reporting also shows where the company is generating growth inside the product and services stack.
Managed services revenue grew 21% in fiscal 2025 (FY2025 10-K). That is a notable expansion rate relative to other line items in the dataset. By contrast, software offerings revenue decreased 3% in fiscal 2025, and equipment revenue also decreased 3% in fiscal 2025 (FY2025 10-K).
Those three figures suggest a mixed portfolio story rather than a uniform growth pattern:
- Managed services was the strongest performer in the mix.
- Software offerings contracted modestly.
- Equipment also contracted modestly.
The dataset also shows that fiscal 2025 revenue from the NEC transaction totaled $126.8 million, while revenue from the 4RF acquisition totaled $25.3 million (FY2025 10-K). Those two amounts are useful because they show how specific transactions contributed to the year’s revenue base.
Mix signals worth watching
- Managed services grew 21% in fiscal 2025 (FY2025 10-K).
- Software offerings revenue decreased 3% in fiscal 2025 (FY2025 10-K).
- Equipment revenue decreased 3% in fiscal 2025 (FY2025 10-K).
- NEC transaction revenue totaled $126.8 million in fiscal 2025 (FY2025 10-K).
- 4RF acquisition revenue totaled $25.3 million in fiscal 2025 (FY2025 10-K).
The key takeaway is that the mix is not dominated by a single growth lever. Instead, the revenue base appears to combine transactional contributions, services, and recurring or repeated commercial activity across markets and product lines.
Backlog and operating signals
Backlog helps frame how much future business is already in the pipeline. Aviat reported fiscal 2025 backlog of approximately $323 million as of June 27, 2025, compared with approximately $292 million as of June 28, 2024 (FY2025 10-K).
That is an increase of roughly $31 million year over year, which matters because backlog growth can provide a better sense of near-term demand than a single quarter’s revenue alone. The comparison also suggests that order coverage improved during fiscal 2025, even as individual line items moved differently across regions and products (FY2025 10-K).
Backlog comparison
| Date | Backlog | Source label |
|---|---|---|
| June 28, 2024 | Approximately $292 million | FY2025 10-K |
| June 27, 2025 | Approximately $323 million | FY2025 10-K |
The latest quarter’s revenue also helps contextualize that backlog. Fiscal 2026 first-quarter revenue was $107.3 million, and the quarter’s international revenue was $54.7 million versus North America revenue of $52.6 million (Q1 FY2026 results). That is a near-even split in the quarter, which is different from the fiscal 2025 full-year pattern where North America was the largest single region and international sales made up 56% of total revenue (Q1 FY2026 results; FY2025 10-K).
Profitability and cash flow context
Aviat’s fiscal 2025 full-year profitability figures show a business that remained positive on a non-GAAP basis while reporting lower GAAP earnings than the broader operating measures might imply.
For fiscal 2025, the company reported:
- GAAP operating income of $10.6 million (Q4 FY2025 results).
- GAAP net income of $1.3 million (Q4 FY2025 results).
- Diluted EPS of $0.10 (Q4 FY2025 results).
- Non-GAAP EBITDA of $37.1 million (Q4 FY2025 results).
- Non-GAAP operating income of $29.0 million (Q4 FY2025 results).
- Non-GAAP diluted EPS of $1.67 (Q4 FY2025 results).
The difference between GAAP and non-GAAP measures is large enough to be worth attention. In plain terms, the fiscal 2025 non-GAAP operating income of $29.0 million was much higher than GAAP operating income of $10.6 million, while non-GAAP diluted EPS of $1.67 was far above GAAP diluted EPS of $0.10 (Q4 FY2025 results).
The quarterly pattern was also stronger than the full-year GAAP result might suggest. In fiscal 2025’s fourth quarter, Aviat reported:
- Revenue of $115.3 million (Q4 FY2025 results).
- GAAP gross margin of 34.2% (Q4 FY2025 results).
- Non-GAAP gross margin of 34.7% (Q4 FY2025 results).
- GAAP operating income of $8.9 million (Q4 FY2025 results).
- GAAP net income of $5.2 million (Q4 FY2025 results).
- Diluted EPS of $0.40 (Q4 FY2025 results).
Profitability signals by period
| Period | Revenue | Margin or earnings signal | Source label |
|---|---|---|---|
| Fiscal 2025 Q4 | $115.3 million | GAAP gross margin 34.2% | Q4 FY2025 results |
| Fiscal 2025 Q4 | $115.3 million | Non-GAAP gross margin 34.7% | Q4 FY2025 results |
| Fiscal 2025 full year | $434.6 million | GAAP operating income $10.6 million | Q4 FY2025 results |
| Fiscal 2025 full year | $434.6 million | Non-GAAP EBITDA $37.1 million | Q4 FY2025 results |
| Fiscal 2026 Q1 | $107.3 million | Adjusted EBITDA $9.1 million | Q1 FY2026 results |
Fiscal 2026 first-quarter results continued that pattern of positive operating measures. The company reported GAAP operating income of $5.2 million, GAAP net income of $0.2 million, diluted EPS of $0.01, and adjusted EBITDA of $9.1 million (Q1 FY2026 results).
That combination suggests that the business can generate operating earnings, but the scale of GAAP earnings remains relatively thin compared with the revenue base. The non-GAAP and adjusted EBITDA figures provide a broader view of operating performance, while the GAAP numbers remain the most conservative measure in the dataset (Q4 FY2025 results; Q1 FY2026 results).
Balance sheet and leverage
The balance sheet numbers shifted between fiscal 2025 year-end and fiscal 2026 first quarter.
As of June 27, 2025, cash and cash equivalents were $59.7 million and total debt was $87.6 million, for net debt of $27.9 million (Q4 FY2025 results). As of September 26, 2025, cash and cash equivalents were $64.8 million and total debt was $106.5 million, for net debt of $41.7 million (Q1 FY2026 results).
That means cash increased, but debt increased more sharply. The result was a higher net debt position in the first quarter of fiscal 2026 than at fiscal 2025 year-end.
Balance sheet snapshot
| Metric | June 27, 2025 | September 26, 2025 | Source label |
|---|---|---|---|
| Cash and cash equivalents | $59.7 million | $64.8 million | Q4 FY2025 results; Q1 FY2026 results |
| Total debt | $87.6 million | $106.5 million | Q4 FY2025 results; Q1 FY2026 results |
| Net debt | $27.9 million | $41.7 million | Q4 FY2025 results; Q1 FY2026 results |
The detailed balance sheet data from June 27, 2025 also shows the scale of the working-capital base:
- Accounts receivable, net were $180.321 million (Q4 FY2025 results).
- Unbilled receivables were $105.870 million (Q4 FY2025 results).
- Inventories were $83.979 million (Q4 FY2025 results).
- Total current assets were $463.575 million (Q4 FY2025 results).
- Goodwill was $19.655 million (Q4 FY2025 results).
- Intangible assets, net were $26.897 million (Q4 FY2025 results).
These values show a balance sheet with substantial current assets and a meaningful receivables and inventory base, which is consistent with a hardware and services-oriented operating model (Q4 FY2025 results).
Workforce and R&D
Aviat had 923 employees as of June 27, 2025, and 920 of them were full-time (FY2025 10-K). The company also reported 250 employees located in the U.S. and 225 employees on product development teams as of that date (FY2025 10-K).
The product development count is especially relevant because it helps frame the R&D commitment. Fiscal 2025 R&D spending was $35.8 million, equal to 8.2% of revenue (FY2025 10-K). That compares with $36.4 million, or 8.9% of revenue, in fiscal 2024, and $24.9 million, or 7.2% of revenue, in fiscal 2023 (FY2025 10-K).
R&D trend
| Fiscal year | R&D spending | R&D as % of revenue | Source label |
|---|---|---|---|
| 2023 | $24.9 million | 7.2% | FY2025 10-K |
| 2024 | $36.4 million | 8.9% | FY2025 10-K |
| 2025 | $35.8 million | 8.2% | FY2025 10-K |
That trend shows a sustained investment level that stayed above the 2023 base and remained close to the 2024 level. In absolute dollars, R&D was broadly stable between fiscal 2024 and fiscal 2025, while the share of revenue declined slightly because revenue increased (FY2025 10-K).
Quarter-by-quarter comparison
The most revealing part of Aviat Networks statistics is the contrast between fiscal 2025 and the first quarter of fiscal 2026.
| Metric | Fiscal 2025 full year | Fiscal 2026 Q1 | Source label |
|---|---|---|---|
| Revenue | $434.6 million | $107.3 million | Q4 FY2025 results; Q1 FY2026 results |
| North America revenue | $207.6 million | $52.6 million | Q4 FY2025 results; Q1 FY2026 results |
| International revenue | Not separately stated in full-year total | $54.7 million | Q1 FY2026 results |
| GAAP operating income | $10.6 million | $5.2 million | Q4 FY2025 results; Q1 FY2026 results |
| GAAP net income | $1.3 million | $0.2 million | Q4 FY2025 results; Q1 FY2026 results |
| Diluted EPS | $0.10 | $0.01 | Q4 FY2025 results; Q1 FY2026 results |
| Adjusted or non-GAAP EBITDA | $37.1 million | $9.1 million | Q4 FY2025 results; Q1 FY2026 results |
| Cash and cash equivalents | $59.7 million | $64.8 million | Q4 FY2025 results; Q1 FY2026 results |
| Total debt | $87.6 million | $106.5 million | Q4 FY2025 results; Q1 FY2026 results |
This table makes the main story easier to see. Fiscal 2025 ended with growing revenue, positive non-GAAP earnings, and a sizeable backlog. The next quarter then showed a higher revenue run rate, continued adjusted EBITDA generation, and a higher debt balance (Q4 FY2025 results; Q1 FY2026 results).
What the numbers suggest
The dataset points to a company with several moving parts that do not all move in the same direction.
The strongest growth signals are in Europe, Latin America and Asia Pacific, managed services, and the first-quarter fiscal 2026 revenue figure (FY2025 10-K; Q1 FY2026 results). The largest structural facts are the international mix, the $323 million backlog, and the sizable receivables and inventory base at fiscal 2025 year-end (FY2025 10-K; Q4 FY2025 results).
The most important balance-sheet change is the move from $27.9 million in net debt at June 27, 2025 to $41.7 million at September 26, 2025 (Q4 FY2025 results; Q1 FY2026 results). That is not necessarily a negative on its own, but it is a change worth tracking alongside revenue growth and operating earnings.
The clearest operating pattern is that Aviat can produce positive adjusted and non-GAAP results while GAAP earnings remain comparatively small. Fiscal 2025 non-GAAP EBITDA of $37.1 million, non-GAAP operating income of $29.0 million, and non-GAAP diluted EPS of $1.67 all sit well above the corresponding GAAP measures (Q4 FY2025 results).
For readers tracking Aviat Networks statistics over time, the important questions are straightforward: whether backlog keeps expanding, whether international growth continues to outpace North America, whether managed services keeps growing faster than equipment and software, and whether the debt increase in the first quarter of fiscal 2026 remains temporary or becomes a broader trend (FY2025 10-K; Q4 FY2025 results; Q1 FY2026 results).