Q3 2025 Aviat Networks Inc Earnings Call Transcript
Key Points
- Aviat Networks Inc (AVNW) reported a record adjusted EBITDA of $14.9 million, up 17% year-over-year.
- Non-GAAP EPS increased by 13% year-over-year to $0.88.
- The company maintained strong gross margins, with a non-GAAP gross margin of 35.8%, an improvement from the previous year.
- Aviat Networks Inc (AVNW) successfully launched and sold its Provision Plus software, indicating progress in servicing tier one and larger mobile service provider customers.
- The company has not experienced any cancellations from US federal government customers, attributing this to the mission-critical nature of their deployments.
- International revenues decreased by 5% year-over-year, driven by a difficult comparison with a strong previous year in the APAC region.
- The company faces potential tariff impacts, which could affect costs and margins, although efforts are being made to mitigate these effects.
- Aviat Networks Inc (AVNW) is currently between projects with US tier one customers, which has impacted revenue growth in this segment.
- The African market is constrained by currency availability, limiting growth potential in that region.
- There is uncertainty in the macroeconomic environment and tariff landscape, which could impact future financial performance.
Good afternoon. Welcome to Aviat Networks's third quarter fiscal 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. I will now turn the conference over to your host, Mr. Andrew Fredrickson, director of investor relations.
Thank you. You may now begin.
Thank you and welcome to Aviat Network's third quarter fiscal 2025 results conference call and webcast. You can find our press release and updated investor presentation in the IR section of our website at www.aanetworks.com along with a replay of today's call.
With me today are Pete Smith, Aviat's President and CEO, who will begin with opening remarks on the company's fiscal quarter, followed by Michael Conaway, our CFO, who will review the financial results for the quarter.
Pete will
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