NASDAQ$AVNW
Aviat Networks Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Aviat Networks reported increased revenue and gross margin, and achieved record adjusted EBITDA margin. The acquisition of NEC Wireless business (Pasolink) was closed and integration is ahead of plan.
Aviat Networks reported a 4.8% year-over-year increase in total revenue, reaching $95.0 million. The company's gross margin improved by 330 basis points to 38.8%. Operating income was $5.0 million, with a non-GAAP operating income of $12.6 million. Adjusted EBITDA increased by 6.5% year-over-year to $13.7 million.
- Continued year-over-year growth in quarterly revenues and gross margins
- Achieved 14th consecutive quarter of growth in both revenue and Adjusted EBITDA on a trailing twelve-month basis
- Closed acquisition of NEC Corporation’s wireless transport business and progressed integration
- Delivered record first half revenue in the Aviat Store
Headline financials
Revenue & EPS history
Aviat · Revenue · Quarterly
$95M
Revenue by segment
Aviat · $91.2M total across 2 segments · Q4 2023
- Product sales$63.8M+23.4%70.0%
- Services$27.3M+6.4%30.0%
Forward guidance
Aviat Networks is raising its fiscal 2024 full year guidance.
Tailwinds
- Full year Revenue between $425 and $432 million
- Full year Adjusted EBITDA between $51.0 and $56.0 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.7%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+5.7%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+28.2%
Q2 2025
Best reaction
-31.9%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -28.5% | -30.0% | -14.3% | |
| Q2 2026 | +14.3% | +16.7% | +11.2% | |
| Q1 2026 | +0.4% | -3.2% | -13.2% | |
| Q4 2025 | +12.6% | +3.6% | -7.3% | |
| Q3 2025 | +5.0% | +4.0% | +12.2% | |
| Q2 2025 | +28.2% | +12.7% | -1.7% | |
| Q1 2025 | -31.9% | -28.5% | -15.1% | |
| Q3 2024 | -15.1% | -6.4% | -7.6% | |
| Q2 2024 | +19.9% | +9.3% | +19.4% | |
| Q1 2024 | +14.6% | +14.5% | +17.4% | |
| Q4 2023 | +19.0% | +21.1% | +16.6% | |
| Q3 2023 | -11.9% | -16.3% | -3.2% | |
| Q2 2023 | +21.5% | +13.0% | +14.6% | |
| Q1 2023 | -12.1% | -10.5% | +0.6% | |
| Q4 2022 | +1.3% | +1.0% | -7.7% | |
| Q3 2022 | -3.5% | -9.1% | -6.7% | |
| Q2 2022 | +1.2% | -2.6% | -9.1% | |
| Q1 2022 | +4.8% | +4.7% | -4.1% | |
| Q4 2021 | -14.4% | -9.4% | -13.9% | |
| Q3 2021 | -13.5% | -9.2% | +13.4% | |
| Q2 2021 | +4.8% | +25.1% | +22.7% | |
| Q1 2021 | +16.0% | +27.6% | +86.8% | |
| Q4 2020 | +3.3% | +10.3% | +3.4% | |
| Q3 2020 | +27.7% | +28.8% | +41.9% | |
| Q2 2020 | +1.6% | -1.3% | -12.9% | |
| Q1 2020 | +0.6% | +2.5% | +4.1% | |
| Q4 2019 | +6.1% | -0.8% | +9.7% | |
| Q3 2019 | -0.7% | -1.5% | -1.9% | |
| Q2 2019 | +4.3% | -1.6% | -8.0% | |
| Q1 2019 | -1.2% | -4.5% | -7.8% | |
| Q4 2018 | +14.1% | +11.9% | +2.2% | |
| Q3 2018 | +8.0% | +10.0% | -0.2% | |
| Q2 2018 | +2.5% | +5.1% | +12.7% | |
| Q1 2018 | +18.2% | +16.6% | +14.0% | |
| Q4 2017 | +9.4% | +7.7% | +5.2% | |
| Q3 2017 | -18.3% | -11.9% | -28.4% | |
| Q2 2017 | +14.2% | +18.5% | +23.6% | |
| Q1 2017 | +19.9% | +29.6% | +55.3% | |
| Q4 2016 | -8.7% | -10.2% | -0.3% | |
| Q3 2016 | -5.9% | — | — | |
| Q2 2016 | -14.1% | — | — | |
| Q1 2016 | -1.0% | — | — | |
| Q4 2015 | +2.9% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | -9.9% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | -8.3% | — | — | |
| Q3 2014 | -29.2% | — | — | |
| Q2 2014 | +6.9% | — | — | |
| Q1 2014 | -4.6% | — | — | |
| Q4 2013 | -10.2% | — | — | |
| Q3 2013 | -19.7% | — | — | |
| Q2 2013 | +3.9% | — | — | |
| Q1 2013 | -3.0% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | -3.2% | — | — | |
| Q4 2011 | +6.4% | — | — | |
| Q3 2011 | -4.3% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q1 2010 | +3.6% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q3 2010 | +2.4% | — | — |
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