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AVIAT NETWORKS, INC. (AVNW) Annual Reports

Q: Where can I read AVIAT NETWORKS, INC. (AVNW) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

AVIAT NETWORKS, INC. is listed on Nasdaq, classified by the SEC under Radio & Tv Broadcasting & Communications Equipment (SIC 3663). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 06/30
SEC CIK： 1377789 →

Website：Official site ↗

Financial Highlights

FY2026 Q3 (quarterly, ended 2026-03-27)
	Current	Prior year	YoY
Revenue	$100.0M	$112.6M	-11.2%
Operating income	$939,000	$9.3M	-89.9%
Net income	$-2.1M	$3.5M	-158.5%
EPS (diluted)	$-0.16	$0.27	-159.3%

Company guidance
	Period	Range
Adjusted EBITDA	FY2027	$455M – $470M

Figures are the company’s own outlook as stated in its earnings release, not analyst estimates.

Source: SEC EDGAR (XBRL company facts); guidance from Form 8-K Exhibit 99.1

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 121 mn Net income -1.28 mn

Periods follow the company’s fiscal year (Apple ends in September, Walmart in January), so they differ from calendar quarters.

Show table：Income statement

Item	2010Q4	2011Q1	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Revenue	466	100	100	115	116	121	111	105	112	116	115	129	118	109	93.4	85.8	81.4	85.4	82.4	92.5	74.8	87.8	79.6	70.4	60.4	58.3	58.2	68.5	58.7	56.4	56.2	61.7	62.1	62.5	60.5	65.1	54.0	64.2	58.6	56.0	61.4	62.6	66.3	70.5	66.4	71.7	73.2	77.9	74.5	77.4	—	81.3	90.7	83.5	344	87.6	95.0	112	114	88.4	118	113	115	107	111	100	121
Gross profit	133	26.3	26.3	37.4	31.6	32.8	32.7	31.9	34.3	32.8	33.7	38.7	34.1	33.6	23.1	21.3	20.9	19.8	21.8	25.2	17.6	18.7	21.0	16.4	14.4	9.87	17.4	21.1	17.7	19.3	17.3	21.9	18.1	23.2	17.9	22.5	16.3	22.6	22.6	18.3	22.0	21.9	24.3	26.9	25.6	25.9	26.1	28.2	27.5	27.5	—	29.4	32.2	29.8	122	31.9	36.8	36.5	39.5	19.8	40.9	39.3	39.5	35.7	36.1	29.3	37.2
Operating income	-111	-18.1	-18.1	-3.00	-10.1	-3.40	-2.50	-8.60	-0.2	-1.40	1.30	4.90	-1.00	-2.90	-13.4	-10.7	-14.8	-11.8	-5.60	-2.50	-10.1	-5.20	-1.60	-5.00	-7.60	-13.3	-2.92	2.51	0.07	-0.65	-1.23	2.89	-1.36	1.01	-1.51	2.88	-2.50	2.50	1.52	-1.50	1.24	2.12	6.57	7.88	4.04	3.73	6.81	9.21	7.48	5.24	—	3.91	8.68	7.50	24.6	5.55	4.99	5.03	3.83	-15.6	7.97	9.29	8.88	5.19	7.29	0.94	5.82
Net income	-130	-21.3	-21.3	-12.5	-36.9	-19.8	-6.80	-12.8	-3.20	-1.30	-2.20	-5.30	-1.70	-5.80	-13.6	-9.90	-14.8	-12.9	-5.70	-3.30	-11.5	-1.60	-1.20	-5.70	-7.90	-15.2	-0.63	1.68	-0.4	-1.47	-0.66	5.07	-2.62	0.05	-0.75	2.31	4.34	3.84	0.05	-1.67	0.73	1.14	5.94	6.64	94.7	2.83	4.68	5.92	6.03	4.53	0	-2.75	6.05	4.89	10.2	4.01	2.89	3.42	0.45	-11.9	4.50	3.53	5.20	0.16	5.72	-2.06	-1.28

Balance sheet

Quarterly · In mn (USD)

Total assets 599 mn Total liabilities 332 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2010Q4	2011Q1	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Current assets	—	—	—	—	—	350	332	304	315	305	302	302	277	274	264	246	222	218	224	209	189	196	197	179	163	140	128	133	129	125	124	128	121	123	125	127	126	126	126	130	137	140	138	156	164	170	184	195	197	206	—	197	224	237	238	244	367	362	405	427	423	457	464	475	494	450	439
Total assets	—	—	—	—	—	384	365	330	341	330	327	327	304	306	298	279	255	253	258	242	220	229	228	209	192	166	153	157	152	153	152	160	154	156	159	161	167	169	176	180	180	180	177	193	291	298	309	317	320	324	—	327	349	365	365	370	500	490	535	591	594	628	633	643	659	617	599
Current liabilities	—	—	—	—	—	197	183	162	170	155	152	147	131	131	131	136	126	131	142	133	127	129	127	113	104	100.0	88.1	90.9	85.2	86.0	85.8	87.5	82.5	86.5	83.2	83.8	85.4	82.2	88.3	93.5	96.0	94.0	84.1	91.8	93.7	96.4	103	107	106	104	—	111	124	133	130	129	184	171	219	248	252	282	282	258	267	226	223
Total liabilities	—	—	—	—	—	206	192	170	182	172	169	173	150	156	160	151	140	151	162	151	143	146	146	132	121	113	99.9	103	96.7	98.2	97.8	99.3	94.6	98.5	96.9	97.9	99.6	97.7	106	111	113	111	101	109	111	114	121	124	122	122	—	127	141	149	144	144	246	232	279	344	345	372	370	380	388	345	332
Equity	263	—	—	—	—	178	173	160	158	158	158	154	154	150	138	129	115	103	96.3	91.5	76.8	83.8	82.3	76.7	69.7	53.1	52.6	54.4	54.9	53.8	54.4	60.9	59.3	57.5	62.3	63.3	67.6	71.5	70.0	68.5	66.9	68.7	75.9	84.6	180	183	188	193	197	202	202	199	209	215	220	226	254	259	256	247	250	256	263	264	272	272	267

Cash flow

Quarterly · In mn (USD)

Operating 3.09 mn Investing 0.5 mn Financing -9.45 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2010Q4	2011Q1	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Operating	23.3	—	-37.5	-3.00	-4.90	3.90	-6.60	-1.30	6.70	9.20	-9.20	12.7	2.00	2.90	-4.60	-13.0	-14.5	2.80	-4.70	-4.40	-0.4	0.5	1.80	4.60	0.7	-7.23	3.84	5.00	5.11	-4.54	4.90	4.27	-1.89	0.93	-6.81	6.24	5.91	-2.40	5.65	5.16	3.82	2.87	4.24	5.98	3.97	3.11	0.68	-2.84	-8.62	13.6	—	-6.31	-2.04	-0.65	-1.64	14.0	-7.07	15.3	8.31	-27.2	20.8	1.62	10.5	-11.7	23.9	-1.70	3.09
Investing	-14.3	—	2.20	-2.50	-1.90	-2.00	-3.00	-1.20	-0.9	-1.90	-1.40	-2.20	-2.40	-4.50	-3.80	-1.60	-2.40	-1.60	-1.20	-1.20	-0.6	-0.7	-0.4	-0.4	-0.5	-0.5	-1.32	-1.53	-0.34	-0.84	-1.38	-1.96	-1.71	-1.25	-1.80	-1.43	-0.85	-1.16	-1.30	-1.11	-1.53	-0.66	-1.02	-0.36	-1.02	-0.45	-0.35	-0.45	-0.44	-6.55	—	-8.34	1.05	-4.37	-11.9	-0.72	-32.8	-1.42	-0.27	-21.2	-2.29	-2.79	-2.27	-1.73	-1.44	-4.66	0.5
Financing	-5.30	—	1.00	0	0.2	0	0	0	-0.4	-0.9	-1.00	-1.00	-1.00	-0.9	-2.90	0.1	0	0	-0.1	3.00	0	0	0	0	0	0.01	-1.00	0	0	1.01	0.01	0	0	0	-0.38	-1.59	-0.43	-0.55	-1.49	-0.65	-0.39	-0.02	-8.70	1.02	-0.05	-0.31	-0.8	-1.59	-1.64	-0.84	—	-0.31	0.37	6.16	-0.68	0.18	50.1	-1.02	-0.58	34.3	-15.7	-1.03	1.10	18.5	-1.39	-1.31	-9.45
Cash at period end	142	—	108	102	95.7	98.2	87.6	84.3	90.5	96.0	85.1	94.8	92.9	90.0	79.3	64.7	47.5	48.8	42.4	38.7	35.0	34.7	35.8	39.5	39.7	30.5	31.8	35.0	39.9	35.7	39.1	40.4	37.3	37.4	28.4	31.5	36.0	31.9	34.5	38.1	39.2	41.6	36.2	43.0	45.8	47.9	47.3	42.3	31.3	36.9	37.1	21.6	21.4	22.5	22.2	35.5	45.9	58.2	64.6	51.0	52.6	49.4	59.7	64.8	86.5	78.1	72.8

Profitability

Quarterly · %

Gross margin 30.8% Operating margin 4.8% Net margin -1.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2010Q4	2011Q1	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Gross margin	28.5%	26.2%	26.2%	32.4%	27.4%	27.1%	29.4%	30.4%	30.7%	28.3%	29.3%	30.0%	28.8%	30.8%	24.7%	24.8%	25.7%	23.2%	26.5%	27.2%	23.5%	21.3%	26.4%	23.3%	23.8%	16.9%	29.8%	30.8%	30.2%	34.1%	30.8%	35.5%	29.2%	37.1%	29.6%	34.5%	30.1%	35.2%	38.5%	32.7%	35.8%	34.9%	36.6%	38.1%	38.5%	36.1%	35.6%	36.2%	37.0%	35.5%	—	36.3%	35.5%	35.7%	35.5%	36.4%	38.8%	32.7%	34.7%	22.4%	34.6%	34.9%	34.2%	33.2%	32.4%	29.3%	30.8%
Operating margin	-23.9%	-18.0%	-18.0%	-2.6%	-8.7%	-2.8%	-2.2%	-8.2%	-0.2%	-1.2%	1.1%	3.8%	-0.8%	-2.7%	-14.3%	-12.5%	-18.2%	-13.8%	-6.8%	-2.7%	-13.5%	-5.9%	-2.0%	-7.1%	-12.6%	-22.8%	-5.0%	3.7%	0.1%	-1.1%	-2.2%	4.7%	-2.2%	1.6%	-2.5%	4.4%	-4.6%	3.9%	2.6%	-2.7%	2.0%	3.4%	9.9%	11.2%	6.1%	5.2%	9.3%	11.8%	10.0%	6.8%	—	4.8%	9.6%	9.0%	7.2%	6.3%	5.3%	4.5%	3.4%	-17.6%	6.7%	8.3%	7.7%	4.8%	6.5%	0.9%	4.8%
Net margin	-28.0%	-21.2%	-21.2%	-10.8%	-31.9%	-16.4%	-6.1%	-12.2%	-2.9%	-1.1%	-1.9%	-4.1%	-1.4%	-5.3%	-14.6%	-11.5%	-18.2%	-15.1%	-6.9%	-3.6%	-15.4%	-1.8%	-1.5%	-8.1%	-13.1%	-26.0%	-1.1%	2.5%	-0.7%	-2.6%	-1.2%	8.2%	-4.2%	0.1%	-1.2%	3.5%	8.0%	6.0%	0.1%	-3.0%	1.2%	1.8%	8.9%	9.4%	142.7%	4.0%	6.4%	7.6%	8.1%	5.9%	—	-3.4%	6.7%	5.9%	3.0%	4.6%	3.0%	3.1%	0.4%	-13.4%	3.8%	3.1%	4.5%	0.1%	5.1%	-2.1%	-1.1%

Returns & leverage

Quarterly · %

ROE 1.0% ROA 0.4% Debt ratio 55.4%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2010Q4	2011Q1	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
ROE	—	—	—	—	—	-50.9%	-44.0%	-47.8%	-26.9%	-14.4%	-11.8%	-7.7%	-6.7%	-9.8%	-17.9%	-21.9%	-32.8%	-40.5%	-37.0%	-33.3%	-34.8%	-23.7%	-19.7%	-23.8%	-22.4%	-43.8%	-43.6%	-33.6%	-23.3%	-1.5%	-1.6%	4.4%	0.6%	3.3%	3.0%	-1.6%	9.4%	15.1%	15.9%	10.0%	4.4%	0.4%	8.4%	18.9%	87.9%	87.4%	82.5%	78.0%	10.3%	11.0%	8.5%	4.0%	3.9%	3.9%	8.7%	11.8%	9.5%	8.6%	4.5%	-2.2%	-1.4%	-1.3%	0.5%	5.2%	5.6%	3.4%	1.0%
ROA	—	—	—	—	—	-23.6%	-20.8%	-23.1%	-12.5%	-6.8%	-5.6%	-3.6%	-3.3%	-4.7%	-8.5%	-10.2%	-15.8%	-18.3%	-15.6%	-14.1%	-14.1%	-9.2%	-7.3%	-8.9%	-8.0%	-15.2%	-15.4%	-12.0%	-8.4%	-0.5%	-0.6%	1.6%	0.2%	1.2%	1.1%	-0.6%	3.7%	6.0%	6.3%	3.9%	1.7%	0.1%	3.5%	7.7%	46.1%	46.1%	44.8%	42.4%	6.4%	6.8%	—	2.4%	2.3%	2.4%	5.0%	7.2%	5.2%	4.8%	2.4%	-1.1%	-0.6%	-0.6%	0.2%	2.2%	2.3%	1.4%	0.4%
Debt ratio	—	—	—	—	—	53.7%	52.7%	51.6%	53.5%	52.2%	51.8%	52.9%	49.4%	51.0%	53.7%	53.9%	54.8%	59.5%	62.6%	62.3%	65.1%	63.4%	63.9%	63.2%	63.4%	67.8%	65.3%	65.3%	63.8%	64.4%	64.3%	62.0%	61.5%	63.1%	60.9%	60.7%	59.6%	57.7%	60.3%	61.9%	62.8%	61.8%	57.1%	56.3%	38.1%	38.4%	39.2%	39.2%	38.3%	37.7%	—	39.0%	40.3%	40.9%	39.6%	38.9%	49.2%	47.3%	52.2%	58.2%	58.0%	59.2%	58.4%	59.0%	58.8%	55.9%	55.4%

EPS

Quarterly · US$

EPS US$-0.10

Show table：EPS

Item	2010Q4	2011Q1	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
EPS（US$）	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-0.09	-0.07	-0.21	-0.03	—	-1.09	-1.50	-2.89	-0.12	0.31	-0.08	-0.28	-0.12	0.90	-0.49	0.01	-0.14	0.41	0.78	0.69	0.01	-0.31	0.13	0.21	1.07	1.16	8.00	0.24	0.39	0.49	0.51	0.39	—	-0.25	0.51	0.41	0.86	0.34	0.24	0.27	0.02	-0.94	0.35	0.27	0.40	0.01	0.44	-0.16	-0.10

Revenue & profit

Year-to-date · In mn (USD)

Revenue 440 mn Net income 2.54 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 599 mn Total liabilities 332 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 13.6 mn Investing -7.33 mn Financing 6.34 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 31.4% Operating margin 4.4% Net margin 0.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 1.0% ROA 0.4% Debt ratio 55.4%

EPS

Year-to-date · US$

EPS US$0.19

Revenue & profit

Annual · In mn (USD)

Revenue 440 mn Net income 2.54 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	553	444	471	346	338	269	242	243	244	239	275	—	600	408	435	440
Gross profit	154	132	140	85.1	83.3	61.7	75.5	80.5	79.3	84.7	103	—	214	145	139	138
Operating income	-52.7	-12.7	2.30	-50.7	-23.4	-27.5	-0.98	1.32	1.37	3.38	22.2	—	44.7	19.4	10.6	19.2
Net income	-112	-24.1	-15.0	-51.2	-22.1	-29.9	-0.82	1.85	9.74	0.26	110	21.2	18.4	10.8	1.34	2.54

Balance sheet

Annual · In mn (USD)

Total assets 599 mn Total liabilities 332 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Current assets	350	305	274	218	196	140	125	123	126	140	170	206	238	405	464	439
Total assets	384	330	306	253	229	166	153	156	169	180	298	324	365	535	633	599
Current liabilities	197	155	131	131	129	100.0	86.0	86.5	82.2	94.0	96.4	104	130	219	282	223
Total liabilities	206	172	156	151	146	113	98.2	98.5	97.7	111	114	122	144	279	370	332
Equity	178	158	150	103	83.8	53.1	53.8	57.5	71.5	68.7	183	202	220	256	263	267

Cash flow

Annual · In mn (USD)

Operating 13.6 mn Investing -7.33 mn Financing 6.34 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Operating	—	8.00	8.40	-29.3	-9.00	-0.13	9.40	8.21	2.94	17.5	17.3	—	-10.7	30.5	5.72	13.6
Investing	—	-7.00	-10.5	-9.40	-3.70	-1.80	-4.04	-6.30	-5.25	-4.61	-2.85	—	-23.6	-35.2	-28.5	-7.33
Financing	—	-1.30	-3.90	-2.80	2.90	0.01	0.02	0.01	-2.95	-2.54	-8.05	—	5.54	48.7	18.7	6.34
Cash at period end	98.2	96.0	90.0	48.8	34.7	30.5	35.7	37.4	31.9	41.6	47.9	36.9	22.2	64.6	59.7	72.8

Profitability

Annual · %

Gross margin 31.4% Operating margin 4.4% Net margin 0.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Gross margin	27.9%	29.7%	29.7%	24.6%	24.7%	22.9%	31.2%	33.2%	32.5%	35.5%	37.3%	—	35.7%	35.5%	32.1%	31.4%
Operating margin	-9.5%	-2.9%	0.5%	-14.7%	-6.9%	-10.2%	-0.4%	0.5%	0.6%	1.4%	8.1%	—	7.5%	4.8%	2.4%	4.4%
Net margin	-20.2%	-5.4%	-3.2%	-14.8%	-6.5%	-11.2%	-0.3%	0.8%	4.0%	0.1%	40.1%	—	3.1%	2.6%	0.3%	0.6%

Returns & leverage

Annual · %

ROE 1.0% ROA 0.4% Debt ratio 55.4%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
ROE	-62.9%	-14.4%	-9.8%	-40.5%	-23.7%	-43.8%	-1.5%	3.3%	15.1%	0.4%	87.4%	11.0%	8.7%	4.5%	0.5%	1.0%
ROA	-29.1%	-6.8%	-4.7%	-18.3%	-9.2%	-15.2%	-0.5%	1.2%	6.0%	0.1%	46.1%	6.8%	5.3%	2.4%	0.2%	0.4%
Debt ratio	53.7%	52.2%	51.0%	59.5%	63.4%	67.8%	64.4%	63.1%	57.7%	61.8%	38.4%	37.7%	39.6%	52.2%	58.4%	55.4%

EPS

Annual · US$

EPS US$0.19

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
EPS（US$）	—	—	—	—	-0.40	—	-0.17	0.30	1.74	0.04	10.47	—	1.53	0.87	0.08	0.19

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read AVIAT NETWORKS, INC. (AVNW) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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