Overview

* Aviat Networks ( AVNW ) fiscal Q1 revenue grows 21.4% yr/yr, beating analyst expectations

* Adjusted EBITDA for fiscal Q1 beats consensus, driven by improved gross margins

* Company launches Aprisa LTE 5G router solution, expanding Private Networks segment

Outlook

* Company maintains fiscal 2026 revenue guidance of $440 to $460 mln

* Aviat Networks ( AVNW ) expects full-year Adjusted EBITDA between $45 mln and $55 mln

Result Drivers

* PRIVATE NETWORKS - North America revenue increased due to strong private network projects

* CAPEX TIMING - International revenue rose due to timing of capital expenditure plans by mobile network operators

* PRODUCT MIX - Gross margin improvements driven by regional and product mix

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $107.30 $102.62

Revenue mln mln (7

Analysts

)

Q1 EPS $0.01

Q1 Net $200,000

Income

Q1 Beat $9.10 $8.05

Adjusted mln mln (7

EBITDA Analysts

)

Q1 Gross 33.20%

Margin

Q1 $5.20

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Aviat Networks Inc ( AVNW ) is $33.00, about 25.9% above its November 3 closing price of $24.45

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)