AVIAT NETWORKS, INC.(AVNW)Stock Analysis
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Rank #1,720 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
AVNW Stock Analysis & AI Quality Score
AI stock analysis and institutional research for AVIAT NETWORKS, INC. (AVNW), a Technology sector company. 13F Pro's AI-powered ranking engine scores AVNW at 45.4/100 on a 32-signal composite quality model, placing it at rank #1,720 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include earnings quality (13.9) and revenue scale (34.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 44.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), AVIAT NETWORKS, INC. reports quarterly revenue of $100.0M, net income of $-2.1M, free cash flow of $-5.4M. Top institutional holders of AVNW by reported 13-F value include BlackRock,, ROYCE & ASSOCIATES, FIRST WILSHIRE SECURITIES MANAGEMENT, based on the most recent SEC filings. AVNW trades on the Nasdaq exchange and files with the SEC under CIK 1377789. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AVNW daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AVIAT NETWORKS, INC. directly from SEC EDGAR. AVIAT NETWORKS, INC.'s 13F Pro composite quality score has ranged between 8 and 66 since 2021, currently 45.4 — a declining long-term trajectory across 51 quarterly and live scoring snapshots.
Revenue
Q3 2026
$100.0M
Net Income
Q3 2026
$-2.1M
Free Cash Flow
Q3 2026
$-5.4M
ROIC
Q3 2026
0.3%
D/E Ratio
Q3 2026
0.40
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+6.5% YoYNet Income
-87.5% YoYOperating Income
-45.5% YoYEPS (Diluted)
-88.4% YoYTotal Assets
+18.3% YoYTotal Debt
+109.3% YoYOp. Cash Flow
-81.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $434.6M +6.5% | $408.1M +18.5% | $344.4M +13.7% | $303.0M +10.2% | $274.9M +15.2% | $238.6M |
| Net Income | $1.3M -87.5% | $10.8M +5.8% | $10.2M -51.9% | $21.2M -80.8% | $110.1M +42755.6% | $257.0K |
| Operating Income | $10.6M -45.5% | $19.4M -21.2% | $24.6M -14.4% | $28.7M +29.4% | $22.2M +557.5% | $3.4M |
| EPS (Diluted) | $0.10 -88.4% | $0.86 +0.0% | $0.86 -52.0% | $1.79 -81.0% | $9.42 +94100.0% | $0.01 |
| Total Assets | $633.3M +18.3% | $535.2M +47.4% | $363.1M +12.1% | $323.9M +8.8% | $297.7M +65.5% | $179.8M |
| Total Debt | $106.2M +109.3% | $50.7M | $0.00 | $0.00 | $0.00 -100.0% | $9.0M |
| Operating Cash Flow | $5.7M -81.3% | $30.5M +1957.7% | $-1.6M -158.9% | $2.8M -83.9% | $17.3M -1.1% | $17.5M |
AI Insight: AVNW Financial Trends
Revenue declined 13% from Q1 2025 to Q1 2026 while total debt more than doubled from $51M to $110M over two years.
• Revenue fell from $113M in Q1 2025 to $100M in Q1 2026, marking the lowest quarterly revenue in the dataset.
• Total debt increased from $51M in Q2 2024 to $110M in Q1 2026, more than doubling over seven quarters.
• Operating cash flow turned negative at -$2M in Q1 2026 after positive $24M in Q4 2025.
⚠ Operating margin compressed to just 1% in Q1 2026 from 8% in Q1 2025, indicating deteriorating profitability.
⚠ Net income swung from $6M profit in Q4 2025 to -$2M loss in Q1 2026.
AI Insight: AVNW Ratio Trends
Aviat Networks shows extreme quarterly volatility with operating margins swinging from -17.6% in Q3 2024 to 8.2% in Q1 2025, then collapsing to 0.9% in Q1 2026.
• Operating margin deteriorated sharply from 6.5% in Q4 2025 to 0.9% in Q1 2026, marking the weakest performance since Q3 2024.
• Net profit margin turned negative at -2.1% in Q1 2026 after recovering to 5.1% in Q4 2025.
• ROIC collapsed from 7.6% in Q4 2025 to just 1.0% in Q1 2026, indicating deteriorating capital efficiency.
• Debt-to-equity ratio has doubled from 0.20 in Q2 2024 to 0.40 in Q1 2026, reflecting increased leverage.
⚠ Consistent quarterly profitability remains elusive with three negative margin quarters in the past eight quarters reviewed.
⚠ Recent quarterly performance diverges significantly from TTM figures, suggesting potential seasonal headwinds or operational challenges.
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Available Research
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Top Institutional Holders of AVNW
BlackRock, Inc.
$17.7M782,916 shROYCE & ASSOCIATES LP
$14.9M660,705 shFIRST WILSHIRE SECURITIES MANAGEMENT INC
$12.0M529,533 shVANGUARD CAPITAL MANAGEMENT LLC
$11.3M500,984 shKENNEDY CAPITAL MANAGEMENT LLC
$9.9M438,485 shDIMENSIONAL FUND ADVISORS LP
$9.8M432,521 shSEI INVESTMENTS CO
$9.8M432,325 shWestern Standard LLC
$9.4M415,752 shPacific Ridge Capital Partners, LLC
$8.7M383,241 shGEODE CAPITAL MANAGEMENT, LLC
$6.6M293,884 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $17.7M | 782,916 |
| ROYCE & ASSOCIATES LP | $14.9M | 660,705 |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC | $12.0M | 529,533 |
| VANGUARD CAPITAL MANAGEMENT LLC | $11.3M | 500,984 |
| KENNEDY CAPITAL MANAGEMENT LLC | $9.9M | 438,485 |
| DIMENSIONAL FUND ADVISORS LP | $9.8M | 432,521 |
| SEI INVESTMENTS CO | $9.8M | 432,325 |
| Western Standard LLC | $9.4M | 415,752 |
| Pacific Ridge Capital Partners, LLC | $8.7M | 383,241 |
| GEODE CAPITAL MANAGEMENT, LLC | $6.6M | 293,884 |
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Popular Research
Is AVNW a good stock to buy?
13F Pro's AI-powered analysis of AVIAT NETWORKS, INC. (AVNW) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AVNW are available on the AVNW stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own AVNW?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AVNW. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of AVIAT NETWORKS, INC.'s investment landscape.