Aviat Network

Q4 FY2026 EarningsQ4 FY26 results were mixed, characterized by a solid top-line beat but significant bottom-line pressure. Revenue of $120.9M exceeded the $110.1M consensus by 9.8%, driven by 17.8% YoY growth in North America. However, Non-GAAP gross margin of 30.9% missed the 32.9% expectation due to unfavorable product mix. While Non-GAAP EPS of $0.64 beat the $0.55 consensus, the company reported a GAAP net loss of $1.3M, primarily due to a high effective tax rate and restructuring charges. FY27 revenue guidance of $455M-$470M suggests continued growth ahead of recent FY26 levels.