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Aviat Networks (AVNW)
NASDAQ:AVNW
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.01Last Year’s EPS
$0.97Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -19.49%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted several positive developments, including international revenue growth and strategic product upgrades, but these were overshadowed by significant reductions in gross margins, revenue declines in North America, and negative earnings, largely influenced by Tier 1 CapEx weakness and project timing issues.Company Guidance
In the Aviat Networks Q1 2025 earnings call, the company reported total revenue of $88.4 million, with a non-GAAP gross margin of 23% and an adjusted EBITDA of minus $7.7 million. The non-GAAP EPS loss was $0.87. The quarter was challenging due to U.S. Tier 1 CapEx weakness and timing challenges with private network and international projects. North American revenue decreased by 23% year-over-year to $42 million, while international revenue increased by 44% to $46 million, driven by the Pasolink acquisition. The company adjusted its fiscal 2025 guidance, projecting revenue between $430 million and $470 million, and adjusted EBITDA between $30 million and $40 million. Despite the difficulties, Aviat Networks noted strong bookings, with a trailing 12-month book-to-bill ratio of over 1, and expressed optimism about future growth, particularly in the private network business and global 5G opportunities.International Revenue Growth
International revenue was $46 million for the quarter, an increase of $14 million or 44% from the same period last year, primarily driven by the addition of revenues from the Pasolink acquisition.
ProVision Plus Upgrade Opportunity
Aviat is targeting a $50 million upgrade opportunity over the next 5 years by moving Pasolink customers to its ProVision Plus network management software.
Aprisa Product Line Success
The Aprisa product line, acquired in the 4RF transaction, secured its first purchase order for an Aprisa 5G router to an American utility company, marking progress in Aviat's private 5G business.
Manufacturing Transition for Cost Efficiency
Plans to transfer the manufacturing of Pasolink products from NEC's in-house manufacturing in Japan to Aviat's contract manufacturer are expected to result in lower overall costs and better gross margins.
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AVNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $20.93 | $13.70 | -34.54% |
| Oct 04, 2024 | $19.36 | $22.74 | +17.46% |
| May 01, 2024 | $33.97 | $28.40 | -16.40% |
| Feb 06, 2024 | $30.08 | $35.86 | +19.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aviat Networks (AVNW) report earnings?
Aviat Networks (AVNW) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Aviat Networks (AVNW) earnings time?
Aviat Networks (AVNW) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVNW EPS forecast?
AVNW EPS forecast for the fiscal quarter 2025 (Q2) is $0.01.
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