Aviat Networks Inc (AVNW) Q1 2025 Earnings Report

Aviat Networks reported QQ1 2025 revenue of $88.4 million, up 1.7% year-over-year, but with a material margin contraction and an adjusted EBITDA of -$7.7 million. The quarterly miss reflects Tier 1 CapEx weakness in the U.S. and mix shift toward lower-margin international activity, even as Pasolink and 4RF acquisitions contribute meaningful top-line diversification. Management signaled near-term improvement with expectations for lower operating expenses in Q2 and an improving margin trajectory through the back half of FY2025. The company reiterated confidence in the private network and 5G opportunity, backed by a robust backlog and a growing software and services footprint (ProVision Plus) tied to the Pasolink platform.