Aviat Networks Reports Record Q1 Bookings Amid Revenue Declines and Supply Chain Headwinds
Aviat Networks (AVNW) reported first-quarter fiscal 2027 results characterized by a divergence between demand and revenue realization. While quarterly revenue fell 5% to $102 million due to supply chain constraints, component shortages, and a flooding event in Thailand, the company achieved record bookings of over $150 million, a 75% increase year-over-year. This surge in demand is reflected in a book-to-bill ratio exceeding 1.5 and a backlog that grew by $70 million since the previous quarter. Despite strong demand, profitability was pressured, with non-GAAP EPS dropping to $0.12 from $0.43 in the prior year due to lower gross margins. Management is also implementing a revenue rationalization strategy, removing $25 million to $30 million of low-margin projected revenue following pricing disagreements with customers in the APAC region. The company maintains full-year adjusted EBITDA guidance of $50 million to $55 million.
Tickers: $AVNW
Topics: backlog growth eps miss record bookings revenue decline supply chain constraints
Read the full article at Motley Fool
Part of the story Aviat Networks Reports Record Q1 Bookings Amid Revenue Declines and Supply Chain Headwinds (2 articles)