Aviat Networks closed out fiscal 2026 with fourth-quarter revenue of $120.9 million, up 4.8% year over year, but non-GAAP earnings per share fell to $0.64 from $0.83 as gross margin dropped to 30.9% from 34.7% due to component shortages and price inflation. The company, which now derives about 45% of its business from private networks, saw North America revenue grow 17.8% to $68.3 million, helped by a new multi-dwelling unit order worth $25 million to $30 million, and EMEA revenue jump 53% in the quarter. Backlog rose 14% to $367 million, and management guided fiscal 2027 revenue to $455 million to $470 million, while international sales fell 8.3% in the quarter to $52.6 million. The stock trades at a forward P/E of 7.13, with short interest at 7.66% of float and hedge fund ownership up to 17 funds.
Aviat Networks IncQ4 EPS fell to $0.64 from $0.83 and gross margin dropped to 30.9% from 34.7% due to component shortages and price inflation.
