General Income of $107.3 million; Up 21.4% Date-Over-Date

Working Source of revenue of $5.2 million; Non-GAAP Working Source of revenue of $7.9 million

Web Source of revenue of $0.2 million; Adjusted EBITDA of $9.1 million

Diluted Income according to Percentage of $0.01; Non-GAAP Diluted Income according to Percentage of $0.43

AUSTIN, Texas, Nov. 4, 2025 /PRNewswire/ — Aviat Networks, Inc. (“Aviat Networks,” “Aviat,” or the “Company”), (Nasdaq: AVNW), the chief knowledgeable in wi-fi delivery and get entry to answers, these days reported monetary effects for its fiscal 2026 first quarter ended September 26, 2025.

First Quarter Highlights

• Greater quarterly revenues via 21% and trailing-twelve age revenues via 11% as opposed to a yr in the past
• Grew GAAP web source of revenue via $12 million year-over-year
• Expanded Adjusted EBITDA via $17 million year-over-year, pushed via stepped forward rude margins and ongoing running expense value control as opposed to the year-ago era
• Introduced Aprisa LTE 5G router answer designed for car deployments in regulation enforcement, crisis services and products, community protection companies, and business undertaking packages, increasing Aviat’s product portfolio providing in its Non-public Networks branch

First Quarter Monetary Highlights

• General Revenues: $107.3 million, up 21.4% from the similar quarter endmost yr
• GAAP Effects: Rude Margin 33.2%; Working Bills $30.5 million; Working Source of revenue $5.2 million; Web Source of revenue $0.2 million; Web Source of revenue according to diluted proportion (“Net Income per share”) $0.01
• Non-GAAP Effects: Adjusted EBITDA $9.1 million; Rude Margin 33.8%; Working Bills $28.4 million; Working Source of revenue $7.9 million; Web Source of revenue $5.5 million; Web Source of revenue according to proportion $0.43
• Money and money equivalents: $64.8 million
• Web debt: $41.7 million

Fiscal 2026 First Quarter and 3 Months Ended September 26, 2025

Revenues

The Corporate reported general revenues of $107.3 million for its fiscal 2026 first quarter, in comparison to $88.4 million within the fiscal 2025 first quarter, an building up of $18.9 million or 21.4%. North The united states earnings of $52.6 million greater via $10.4 million or 24.7%, in comparison to $42.2 million within the prior yr because of power from personal community tasks. Global earnings of $54.7 million greater via $8.5 million or 18.3%, in comparison to $46.2 million within the prior yr, essentially because of timing of capital expenditure plans of cellular community operators.

Rude Margins

Within the fiscal 2026 first quarter, the Corporate reported GAAP rude margin of 33.2% and non-GAAP rude margin of 33.8%. This compares to GAAP rude margin of twenty-two.4% and non-GAAP rude margin of 23.2% within the fiscal 2025 first quarter, an building up of one,080 and 1,060 foundation issues, respectively. The rise used to be pushed via regional and product combine within the quarter.

Working Bills

The Corporate reported GAAP general running bills of $30.5 million for the fiscal 2026 first quarter, in comparison to $35.4 million within the fiscal 2025 first quarter. Non-GAAP general running bills, aside from the affect of restructuring fees, share-based reimbursement, and merger and acquisition and alternative bills for the fiscal 2026 first quarter had been $28.4 million, in comparison to $30.0 million within the prior yr, a snip of $(1.7) million or (5.5)%.

Working Source of revenue

The Corporate reported GAAP running source of revenue of $5.2 million for the fiscal 2026 first quarter, in comparison to GAAP running lack of $(15.6) million within the fiscal 2025 first quarter, an building up of $20.8 million. Working source of revenue greater essentially because of upper rude margin greenbacks and no more running bills. On a non-GAAP foundation, the Corporate reported running source of revenue of $7.9 million for the fiscal 2026 first quarter, in comparison to non-GAAP running lack of $(9.5) million within the prior yr, an building up of $17.4 million.

Source of revenue Taxes

The Corporate reported GAAP source of revenue tax expense of $2.3 million within the fiscal 2026 first quarter, in comparison to GAAP source of revenue tax good thing about $(5.5) million within the fiscal 2025 first quarter.

Web Source of revenue / Web Source of revenue According to Percentage

The Corporate reported GAAP web source of revenue of $0.2 million within the fiscal 2026 first quarter or GAAP web source of revenue according to proportion of $0.01. This in comparison to GAAP web lack of $(11.9) million or GAAP web loss according to proportion of $(0.94) within the fiscal 2025 first quarter. On a non-GAAP foundation, the Corporate reported non-GAAP web source of revenue of $5.5 million or non-GAAP web source of revenue according to proportion of $0.43, in comparison to non-GAAP web lack of $(11.1) million or $(0.87) according to proportion within the prior yr.

Adjusted EBITDA

Adjusted income sooner than passion, tax, depreciation and amortization (“Adjusted EBITDA”) for the fiscal 2026 first quarter used to be $9.1 million, in comparison to $(7.7) million within the fiscal 2025 first quarter, an building up of $16.8 million.

Steadiness Sheet Highlights

The Corporate reported $64.8 million in money and money equivalents as of September 26, 2025, in comparison to $59.7 million as of June 27, 2025. As of September 26, 2025, general debt used to be $106.5 million, an building up of $18.9 million from June 27, 2025.

Fiscal 2026 Complete Date Outlook

The Corporate is escape its fiscal 2026 complete yr steering as prior to now said:

• Complete yr Income between $440 and $460 million
• Complete yr Adjusted EBITDA between $45.0 and $55.0 million

Convention Name Main points
Aviat Networks will host a convention name at 5:00 p.m. Jap Day (ET) these days, November 4, 2025, to speak about its monetary and operational effects for the fiscal 2026 first quarter ended September 26, 2025. Taking part at the name shall be Peter Smith, President and Well-known Government Officer, and Andrew Fredrickson, Period in-between Well-known Monetary Officer. Following control’s remarks, there shall be a query and resolution era.

events might get entry to the convention name are living by the use of the webcast thru Aviat Community’s Investor Members of the family web page at investors.aviatnetworks.com/events-and-presentations/events, or might take part by the use of phone via registering the use of this online form. As soon as registered, phone members will obtain the dial-in quantity in conjunction with a singular PIN quantity that should be worn to get entry to the decision. A replay of the convention name webcast shall be to be had upcoming the decision at the Corporate’s investor family members web page.

About Aviat Networks
Aviat Networks, Inc. is the chief knowledgeable in wi-fi delivery and get entry to answers and works to grant unswerving merchandise, services and products and assistance to its consumers. With a couple of million programs bought into 170 international locations international, communications provider suppliers and personal community operators together with order/native executive, usefulness, federal executive and protection organizations accept as true with Aviat with their essential packages. Coupled with a protracted historical past of microwave inventions, Aviat supplies a complete suite of localized skilled and assistance services and products enabling consumers to significantly simplify each their networks and their lives. For greater than 70 years, the professionals at Aviat have delivered top functionality merchandise, simplified operations, and the most productive general buyer enjoy. Aviat is headquartered in Austin, Texas. For more info, discuss with www.aviatnetworks.com or tie with Aviat Networks on Facebook and LinkedIn.

Ahead-Taking a look Statements
The tips contained on this Stream File on Mode 8-Okay comprises forward-looking statements inside the that means of the cover harbor provisions of the U.S. Non-public Securities Litigation Reform Occupation of 1995, together with Aviat’s ideals and expectancies relating to outlook, trade statuses, untouched product answers, buyer positioning, year orders, bookings, untouched pledges, value construction, profitability in fiscal 2026, its contemporary acquisitions and acquisition technique, procedure enhancements, measures designed to make stronger inside controls, its talent to guard efficient inside keep watch over over monetary reporting and control programs and remediate subject material weaknesses, plans and goals of control, realignment plans and overview of strategic possible choices and expectancies relating to year earnings, rude margin, Adjusted EBITDA, running source of revenue or income or loss according to proportion. All statements, pattern analyses and alternative knowledge contained herein in regards to the foregoing ideals and expectancies, in addition to concerning the markets for the services and products and merchandise of Aviat and developments in earnings, and alternative statements known via the utility of forward-looking terminology, together with “anticipate,” “believe,” “plan,” “estimate,” “expect,” “goal,” “will,” “see,” “continue,” “delivering,” “view,” and “intend,” or the damaging of those phrases or alternative matching expressions, represent forward-looking statements. Ahead-looking statements are neither historic details nor words of year functionality. In lieu, forward-looking statements are in accordance with estimates reflecting the stream ideals, expectancies and guesses of the senior control of Aviat in regards to the year of its trade, year plans and methods, projections, expected occasions and developments, the economic system and alternative year statuses. Such forward-looking statements contain quite a few dangers and uncertainties that would reason unedited effects to vary materially from the ones steered via the forward-looking statements. Ahead-looking statements will have to subsequently be regarded as in brightness of numerous noteceable components, together with the ones eager forth on this record. Due to this fact, you will have to no longer depend on any of those forward-looking statements.

Remarkable components that would reason unedited effects to vary materially from estimates or projections contained within the forward-looking statements come with please see: the disruption the 4RF and NEC transactions might reason to consumers, distributors, trade companions and our ongoing trade; our talent to combine the operations of the bought 4RF and NEC companies with our current operations and completely understand the predicted synergies of the 4RF and NEC transactions at the anticipated timeline; disruptions in the case of the continuing war between Russia and Ukraine and the war in Israel and atmosphere fields; persisted value and margin erosion within the microwave transmission business; the affect of the amount, timing, and buyer, product, and geographic mixture of our product orders; our talent to satisfy monetary covenant necessities; the timing of our receipt of cost; our talent to satisfy product building dates or expected value discounts of goods; our providers’ lack of ability to accomplish and ship on hour, feature shortages, or alternative provide chain constraints; the results of inflation; buyer acceptance of untouched merchandise; the power of our subcontractors to well timed carry out; disorder within the world economic system affecting buyer spending; retention of our key group of workers; our talent to lead and guard key buyer relationships; unsure financial statuses within the telecommunications sector mixed with operator and provider consolidation; our failure to give protection to our highbrow constituent rights or safe in opposition to highbrow constituent infringement claims; the result of our restructuring efforts; the results of foreign money and rate of interest dangers; the power to saving and utility our web running loss carryforwards; the results of stream and year executive rules; common financial statuses, together with lack of certainty in regards to the timing, generation and extent of an financial healing in the US and alternative international locations the place we habits trade; the habits of unethical trade practices in growing international locations; the affect of political turmoil in international locations the place we’ve got vital trade; our talent to understand the expected advantages of any proposed or contemporary acquisitions; the affect of price lists, the adoption of industry restrictions affecting our merchandise or providers, a United States withdrawal from or vital renegotiation of industry guarantees, the prevalence of industry wars, the latter of border crossings, and alternative adjustments in industry rules or relationships; our talent to enforce our reserve repurchase program or that it is going to make stronger long-term stockholder price; and the affect of inauspicious trends affecting the monetary services and products business, together with occasions or issues involving liquidity, defaults or non-performance via monetary establishments.

For more info in regards to the dangers and uncertainties for Aviat’s trade, see “Risk Factors” in Aviat’s Mode 10-Okay for the fiscal yr ended June 27, 2025 filed with the U.S. Securities and Alternate Fee (“SEC”) on September 10, 2025, in addition to alternative reviews filed via Aviat with the SEC from hour to hour. Aviat undertakes negative legal responsibility to replace publicly any forward-looking observation, whether or not written or oral, for any reason why, except for as required via regulation, whilst untouched knowledge turns into to be had or alternative occasions happen going forward.

Investor Members of the family:
Andrew Fredrickson
Telephone: (512) 582-4626
E mail: [email protected] 

SOURCE Aviat Networks, Inc.