Aviat Networks Q3 revenue falls 11%, misses analyst estimates

Overview

• Wireless transport equipment maker's fiscal Q3 revenue fell 11% yr/yr, missing analyst expectations

• Fiscal Q3 adjusted EBITDA missed analyst expectations

• Company cites project timing in North America and international delays for revenue decline

Outlook

• Aviat Networks sees fiscal 2026 revenue between $428 mln and $440 mln

• Company expects fiscal 2026 adjusted EBITDA between $35 mln and $40 mln

Result Drivers

• PROJECT TIMING - Co said North America revenue fell due to timing of certain private and mobile network projects

• INTERNATIONAL DELAYS - International revenue declined due to timing of capital expenditure plans of mobile network operators and revenue delays related to the conflict in the Middle East

• MARGIN PRESSURE - Gross margin decreased due to regional and product mix in the quarter

Company press release: ID:nPnKjrFna

Key Details

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 is $34.00, about 47.1% above its May 1 closing price of $23.12

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

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