Aviat Networks, Inc. (AVNW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 100M | 111.47M | 107.32M | 115.34M | 112.64M | 118.2M | 88.43M | 113.87M | 88.43M | 113.87M | 87.57M | 91.18M | 83.48M | 90.68M | 81.25M | 77.42M | 74.52M | 77.86M | 73.16M | 71.69M |
| Revenue Growth % | -11.22% | -5.69% | 21.36% | 1.29% | 27.38% | 3.8% | 0.99% | 24.88% | 5.93% | 25.57% | 7.77% | 17.77% | 12.03% | 16.46% | 11.06% | 8% | 12.22% | 10.4% | 10.36% | 14.42% |
| Cost of Goods Sold | 70.72M | 75.37M | 71.66M | 75.87M | 73.34M | 77.31M | 68.64M | 74.35M | 68.64M | 74.35M | 55.71M | 58.52M | 53.65M | 58.46M | 51.8M | 49.96M | 46.98M | 49.71M | 47.08M | 45.81M |
| COGS % of Revenue | 70.72% | 67.61% | 66.77% | 65.78% | 65.11% | 65.41% | 77.62% | 65.3% | 77.62% | 65.3% | 63.63% | 64.18% | 64.26% | 64.47% | 63.75% | 64.53% | 63.05% | 63.84% | 64.35% | 63.9% |
| Gross Profit | 29.28M | 36.1M | 35.66M | 39.47M | 39.3M | 40.89M | 19.79M | 39.52M | 19.79M | 39.52M | 31.85M | 32.66M | 29.83M | 32.22M | 29.45M | 27.46M | 27.54M | 28.16M | 26.08M | 25.88M |
| Gross Margin % | 29.28% | 32.39% | 33.23% | 34.22% | 34.89% | 34.59% | 22.38% | 34.7% | 22.38% | 34.7% | 36.37% | 35.82% | 35.74% | 35.53% | 36.25% | 35.47% | 36.95% | 36.16% | 35.65% | 36.1% |
| Gross Profit Growth % | -25.48% | -11.7% | 80.23% | -0.13% | 98.58% | 3.47% | -37.88% | 20.98% | -33.67% | 22.64% | 8.14% | 18.94% | 8.34% | 14.43% | 12.93% | 6.12% | 7.66% | 4.63% | 7.56% | 18.39% |
| Operating Expenses | 28.34M | 28.81M | 30.47M | 51.74M | 30M | 32.92M | 35.36M | 35.68M | 35.36M | 35.68M | 26.3M | 26.34M | 22.34M | 23.54M | 25.54M | 22.22M | 20.05M | 18.95M | 19.27M | 22.15M |
| OpEx % of Revenue | 28.34% | 25.85% | 28.4% | 44.86% | 26.64% | 27.85% | 39.98% | 31.34% | 39.98% | 31.34% | 30.04% | 28.89% | 26.76% | 25.96% | 31.43% | 28.7% | 26.91% | 24.33% | 26.34% | 30.89% |
| Selling, General & Admin | 0 | 0 | 23.38M | 21.13M | 22.12M | 21.28M | 24.95M | 23.06M | 24.95M | 23.06M | 19.24M | 19.93M | 15.84M | 16.57M | 17.5M | 16.35M | 14.87M | 13.74M | 12.7M | 14.77M |
| SG&A % of Revenue | - | - | 21.78% | 18.32% | 19.64% | 18% | 28.21% | 20.25% | 28.21% | 20.25% | 21.97% | 21.86% | 18.98% | 18.27% | 21.54% | 21.12% | 19.95% | 17.64% | 17.36% | 20.6% |
| Research & Development | 7.66M | 6.41M | 7.1M | 7.43M | 7.7M | 10.22M | 10.41M | 10.98M | 10.41M | 10.98M | 6.42M | 6.26M | 6.52M | 6.05M | 6.09M | 5.26M | 5.26M | 6.17M | 5.91M | 6.27M |
| R&D % of Revenue | 7.66% | 5.75% | 6.61% | 6.45% | 6.84% | 8.65% | 11.77% | 9.65% | 11.77% | 9.65% | 7.34% | 6.86% | 7.81% | 6.67% | 7.49% | 6.79% | 7.06% | 7.92% | 8.08% | 8.75% |
| Other Operating Expenses | 1000K | 1000K | 0 | 1000K | 177K | 1000K | 0 | 1000K | 0 | 1000K | 644K | 157K | -23K | 928K | 1000K | 611K | -72K | -960K | 659K | 1000K |
| Operating Income | 939K | 7.29M | 5.19M | -12.27M | 9.29M | 7.97M | -15.57M | 3.83M | -15.57M | 3.83M | 5.55M | 6.32M | 7.5M | 8.68M | 3.91M | 5.24M | 7.48M | 9.21M | 6.81M | 3.73M |
| Operating Margin % | 0.94% | 6.54% | 4.84% | -10.64% | 8.25% | 6.74% | -17.61% | 3.37% | -17.61% | 3.37% | 6.33% | 6.93% | 8.98% | 9.57% | 4.82% | 6.77% | 10.04% | 11.83% | 9.31% | 5.21% |
| Operating Income Growth % | -89.9% | -8.57% | 133.33% | -420.22% | 159.7% | 107.99% | -380.66% | -39.39% | -307.68% | -55.84% | 41.76% | 20.63% | 0.19% | -5.76% | -42.57% | 40.43% | 85.43% | 16.88% | 3.79% | 76.04% |
| EBITDA | 939K | 7.29M | 6.37M | -10.16M | 11.12M | 10.24M | -13.74M | 5.1M | -13.74M | 5.1M | 6.89M | 7.94M | 9.05M | 10.22M | 5.38M | 6.26M | 8.53M | 10.34M | 8.08M | 5.1M |
| EBITDA Margin % | 0.94% | 6.54% | 5.94% | -8.81% | 9.88% | 8.67% | -15.54% | 4.48% | -15.54% | 4.48% | 7.87% | 8.7% | 10.84% | 11.27% | 6.62% | 8.09% | 11.45% | 13.28% | 11.04% | 7.11% |
| EBITDA Growth % | -91.56% | -28.87% | 146.38% | -299.35% | 180.97% | 101% | -299.36% | -35.77% | -251.83% | -50.14% | 28.06% | 26.77% | 6.04% | -1.1% | -33.39% | 22.77% | 58.31% | 11.33% | 3.31% | 55.41% |
| D&A (Non-Cash Add-back) | 0 | 0 | 1.18M | 2.11M | 1.83M | 2.27M | 1.83M | 1.26M | 1.83M | 1.26M | 1.34M | 1.61M | 1.55M | 1.54M | 1.47M | 1.02M | 1.05M | 1.13M | 1.26M | 1.37M |
| EBIT | 0 | 7.29M | 4.22M | 11.98M | 6.23M | 7.7M | -16.28M | 7.93M | -15.57M | 7.93M | 6.19M | 6.48M | 7.19M | 9.61M | 5.86M | 5.85M | 7.41M | 8.25M | 7.47M | 3.76M |
| Net Interest Income | 0 | -1.91M | -1.71M | -1.56M | -1.56M | -1.58M | -1.36M | -916K | -928K | -394K | -99K | 0 | -122K | 0 | 0 | 0 | 0 | 0 | 28K | 29K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28K | 29K |
| Interest Expense | 1.85M | 1.91M | 1.71M | 1.56M | 1.56M | 1.58M | 1.36M | 916K | 928K | 394K | 99K | 0 | 122K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -3.25M | 836K | -2.69M | 22.45M | -4.63M | -1.85M | -1.82M | -846K | -1.82M | -846K | -901K | -556K | -428K | 460K | -2.78M | 2.08M | -175K | -240K | 28K | 29K |
| Pretax Income | -2.31M | 8.12M | 2.5M | 10.18M | 4.67M | 6.12M | -17.39M | 2.99M | -17.39M | 2.99M | 4.65M | 5.77M | 7.07M | 9.14M | 1.13M | 7.32M | 7.31M | 8.97M | 6.84M | 3.76M |
| Pretax Margin % | -2.31% | 7.29% | 2.33% | 8.83% | 4.15% | 5.18% | -19.67% | 2.62% | -19.67% | 2.62% | 5.31% | 6.32% | 8.47% | 10.08% | 1.39% | 9.45% | 9.81% | 11.52% | 9.35% | 5.25% |
| Income Tax | -244K | 2.4M | 2.34M | 4.98M | 1.14M | 1.63M | -5.51M | 2.54M | -5.51M | 2.54M | 641K | 2.43M | 2.18M | 3.09M | 3.88M | 2.79M | 1.28M | 3.05M | 2.16M | 930K |
| Effective Tax Rate % | 10.57% | 29.61% | 93.53% | 48.94% | 24.44% | 26.56% | 31.7% | 85.03% | 31.7% | 85.03% | 13.8% | 42.09% | 30.83% | 33.84% | 342.79% | 38.06% | 17.49% | 34.03% | 31.57% | 24.73% |
| Net Income | -2.06M | 5.72M | 162K | 5.2M | 3.53M | 4.5M | -11.88M | 447K | -11.88M | 447K | 4M | 3.34M | 4.89M | 6.05M | -2.75M | 4.53M | 6.03M | 5.92M | 4.68M | 2.83M |
| Net Margin % | -2.06% | 5.13% | 0.15% | 4.51% | 3.13% | 3.8% | -13.43% | 0.39% | -13.43% | 0.39% | 4.57% | 3.66% | 5.86% | 6.67% | -3.38% | 5.85% | 8.09% | 7.6% | 6.4% | 3.95% |
| Net Income Growth % | -158.53% | 27.21% | 101.36% | 1062.64% | 129.7% | 905.59% | -396.6% | -86.61% | -342.97% | -92.61% | 245.85% | -26.34% | -18.91% | 2.2% | -158.65% | 60.12% | -93.64% | -10.92% | -21.13% | 147.68% |
| Net Income (Continuing) | -2.06M | 5.72M | 162K | 5.2M | 3.53M | 4.5M | -11.88M | 447K | -11.88M | 447K | 4M | 3.34M | 4.89M | 6.05M | -2.75M | 4.53M | 6.03M | 5.92M | 4.68M | 2.83M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.16 | 0.44 | 0.01 | 0.27 | 0.27 | 0.35 | -0.94 | 0.03 | -0.94 | 0.15 | 0.30 | 0.28 | 0.41 | 0.51 | -0.25 | 0.39 | 0.51 | 0.49 | 0.39 | 0.24 |
| EPS Growth % | -159.26% | 25.71% | 101.33% | 675.86% | 128.72% | 133.33% | -413.33% | -87.57% | -329.27% | -70.59% | 220% | -28.21% | -19.61% | 4.08% | -164.1% | 62.5% | -93.63% | -15.52% | -27.78% | 140% |
| EPS (Basic) | -0.16 | 0.44 | 0.01 | 0.28 | 0.28 | 0.35 | -0.94 | 0.04 | -0.94 | 0.15 | 0.31 | 0.29 | 0.43 | 0.53 | -0.25 | 0.41 | 0.54 | 0.52 | 0.42 | 0.25 |
| Diluted Shares Outstanding | 12.92M | 13.01M | 12.98M | 12.84M | 12.84M | 12.78M | 12.65M | 12.83M | 12.65M | 12.83M | 11.94M | 11.92M | 11.88M | 11.8M | 11.2M | 11.73M | 11.76M | 11.96M | 11.95M | 11.95M |
| Basic Shares Outstanding | 12.92M | 12.86M | 16.2M | 12.69M | 12.69M | 12.69M | 12.65M | 12.6M | 12.65M | 12.6M | 11.57M | 11.47M | 11.41M | 11.35M | 11.2M | 11.15M | 11.17M | 11.31M | 11.16M | 11.16M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |