Overview
Wireless solutions firm's fiscal Q2 revenue beat analysts' expectations despite a yr/yr decline
Adjusted EBITDA for fiscal Q2 beat analysts' expectations
Company achieved highest Q2 bookings in over a decade
Outlook
Company maintains fiscal 2026 full-year revenue guidance between $440 mln and $460 mln
Aviat Networks expects full-year adjusted EBITDA between $45 mln and $55 mln
Result Drivers
HIGHEST Q2 BOOKINGS - Aviat Networks achieved its highest level of second quarter bookings in over a decade
EXPENSE MANAGEMENT - Improved net income and Adjusted EBITDA due to better gross margins and ongoing operating expense management
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $111.50 mln | $109.67 mln (7 Analysts) |
Q2 Adjusted EPS | $0.54 | ||
Q2 EPS | $0.44 | ||
Q2 Net Income | $5.70 mln | ||
Q2 Adjusted EBITDA | Beat | $11.30 mln | $10.76 mln (7 Analysts) |
Q2 Gross Margin | 32.4% | ||
Q2 Operating Income | $7.3 mln |
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 50.2% above its February 2 closing price of $22.64
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nPn2JSbsZa
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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.)