Aviat Networks (AVNW) Releases Q3 2026 Earnings: Revenue and EPS Miss, Strong Operating Cash Flow

Aviat Networks Inc. (AVNW) reported results for the third quarter of fiscal 2026. Total revenue was $100.0 million, down 11.2% year‑over‑year and below the revenue estimate of $108.5 million.

Gross profit: $29.3 million (down 25.5% year‑over‑year).

Cost of sales: $70.7 million (down 3.6% year‑over‑year).

Operating profit: $0.9 million (down 89.9% year‑over‑year).

Net income attributable to common shareholders: -$2.1 million (down 158.5% year‑over‑year).

Diluted EPS: -0.16 per share versus an estimate of $0.45 per share.

Cash flow and balance sheet highlights:

Cash from operating activities: $19.7 million (up 1,111.2% year‑over‑year), reflecting a material improvement in operating cash generation.

Purchases of property, plant and equipment: -$1.6 million (down 43.3% year‑over‑year).

Cash and cash equivalents: $64.8 million (up 31.2% year‑over‑year).

Total liabilities: $344.8 million (down 7.4% year‑over‑year).

In summary, Aviat Networks (AVNW) delivered lower revenue and profit compared with a year ago and missed consensus on both revenue and earnings, while generating significantly stronger operating cash flow and increasing cash on hand.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Aviat Networks Inc. Insider Trading Activity

Aviat Networks Inc. insiders have traded $AVNW stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $AVNW stock by insiders over the last 6 months:

PETE A SMITH (President and CEO) has made 0 purchases and 2 sales selling 22,436 shares for an estimated $574,949.
GARY CROKE (SVP of Product and Innovation) sold 6,914 shares for an estimated $181,173
BRUCE M. TATEN sold 3,268 shares for an estimated $76,438

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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Aviat Networks Inc. Hedge Fund Activity

We have seen 51 institutional investors add shares of Aviat Networks Inc. stock to their portfolio, and 61 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WESTERN STANDARD LLC added 226,332 shares (+84.5%) to their portfolio in Q4 2025, for an estimated $4,838,978
SEI INVESTMENTS CO added 184,824 shares (+1897.6%) to their portfolio in Q4 2025, for an estimated $3,951,537
MARSHALL WACE, LLP added 132,262 shares (+140.2%) to their portfolio in Q4 2025, for an estimated $2,827,761
RENAISSANCE TECHNOLOGIES LLC removed 119,406 shares (-62.0%) from their portfolio in Q4 2025, for an estimated $2,552,900
CROWN ADVISORS MANAGEMENT, INC. removed 100,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,138,000
JACOBS LEVY EQUITY MANAGEMENT, INC removed 66,967 shares (-44.4%) from their portfolio in Q4 2025, for an estimated $1,431,754
INSPIRE INVESTING, LLC added 64,776 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,464,585

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Aviat Networks Inc. Price Targets

Multiple analysts have issued price targets for $AVNW recently. We have seen 3 analysts offer price targets for $AVNW in the last 6 months, with a median target of $36.0.

Here are some recent targets:

Dave Kang from B. Riley Securities set a target price of $36.0 on 02/04/2026
Scott Searle from Roth Capital set a target price of $38.0 on 02/04/2026
Rustam Kanga from Citizens set a target price of $30.0 on 02/04/2026