AVIAT NETWORKS, INC. (AVNW)

Nasdaq · Common Stock · Radio & Tv Broadcasting & Communications Equipment

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

43 entities across 30 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-08-27 — see the exhibit.

Which other public companies file entities in the same places:

Delaware7 New Zealand3 Australia2 Canada2 Indonesia2 Nigeria2 Philippines2 Bangladesh1 Brazil1 Colombia1 Egypt1 France1

Subsidiaries of AVIAT NETWORKS, INC. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Aviat Networks (Australia) Pty. Ltd.	Australia
RF Australia Pty. Ltd.	Australia
Aviat Networks (Bangladesh) Limited	Bangladesh
Aviat Networks Brasil Serviços em Comunicações Ltda.	Brazil
Aviat Communications Canada ULC	Canada
Aviat Networks Canada ULC	Canada
Aviat Networks Colombia S.A.S.	Colombia
Aviat Networks LLC	Egypt
Aviat Networks France S.A.S.	France
Aviat Networks HK Limited	Hong Kong
Aviat Networks (Hungary) Kft.	Hungary
Aviat Networks (India) Private Limited	India
PT Aviat Solusi Komunikasi	Indonesia
PT Aviat Telekomunikasi Internasional	Indonesia
Aviat Networks Japan G.K.	Japan
Aviat Networks (Kenya) Limited	Kenya
Aviat Networks Malaysia Sdn. Bhd.	Malaysia
Digital Microwave (Mauritius) Private Limited	Mauritius	offshore centre
Aviat Networks México S.A. de C.V.	Mexico
Aviat Networks Holland B.V.	Netherlands
Aviat Networks (NZ) Limited	New Zealand
RF Limited	New Zealand
RF Trustee Limited	New Zealand
Aviat Networks Communication Solutions Limited	Nigeria
Stratex Networks Nigeria Limited	Nigeria
Aviat Networks (Pakistan) Limited	Pakistan
Aviat Networks (Clark) Corporation	Philippines
Aviat Networks Philippines, Inc.	Philippines
Aviat Networks Polska Sp. z.o.o.	Poland
Redline Communications Romania Ltd.	Romania
Harris Stratex Networks (S) Pte. Ltd.	Saudi Arabia
Aviat Networks (Sweden) AB	Sweden
Aviat Networks (Thailand) Ltd.	Thailand
Aviat Networks Turkey Telekominikasyon Sistemleri Limited Sirketi	Turkey
Aviat Networks L.L.C.	United Arab Emirates
RF Communications (Europe) Ltd.	United Kingdom
Aviat Networks (UK) Limited	Delaware
Aviat International Holdings, Inc.	Delaware
Aviat International Holdings I, LLC	Delaware
Aviat International Holdings II, LLC	Delaware
Aviat International Holdings III, LLC	Delaware
Aviat U.S., Inc.	Delaware
Telsima Corporation	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

PASSReturn on assets positiveROA 0.4%
PASSOperating cash flow positiveOCF 14M
PASSReturn on assets improving0.2% → 0.4%
PASSCash flow exceeds earningsOCF 14M vs NI 3M
FAILLong-term debt ratio falling10.9% → 14.9% of assets
PASSCurrent ratio improving1.64 → 1.97
FAILNo share dilution13M → 13M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$274.9M	$110.1M	$14.5M	37.3%	11,688,000
FY2022	—	$21.2M	$997,000	—	11,820,000
FY2023	—	$11.5M	−$7.0M	—	11,855,000
FY2024	—	$10.8M	$27.9M	—	12,456,000
FY2025	—	$1.3M	−$7.2M	—	12,826,000
FY2026	—	$2.5M	$6.1M	—	13,027,000

Ownership flow

10 institutions tracked — 5 added, 5 reduced.

Institutional holders of AVIAT NETWORKS, INC. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	844,050	+61,134	$18.7M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	122,803	+51,070	$2.7M
CITADEL ADVISORS LLC	Hedge fund	220,724	+47,897	$4.9M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	34,380	−34,399	$763,236
MORGAN STANLEY	Active fund	50,677	−29,971	$1.1M
GEODE CAPITAL MANAGEMENT, LLC	Index	311,516	+17,632	$6.9M
BANK OF AMERICA CORP /DE/	Active fund	13,106	−14,202	$290,953
JPMORGAN CHASE & CO	Active fund	32,724	+9,981	$678,369
FMR LLC	Active fund	5,564	−9,947	$123,525
STATE STREET CORP	Index	257,916	−1,298	$5.7M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001377789
LEI: 549300Z3X8Z4MK52CI65
FIGI: BBG000QX48M2
SIC: 3663 · Radio & Tv Broadcasting & Communications Equipment
Incorporated: DE
Headquarters: AUSTIN, TX

Ownership

Institutional: 86.6%
Institutions: 177
Insiders: 10.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other radio & tv broadcasting & communications equipment companies

AVIAT NETWORKS, INC. files under SIC 3663 — all 8 radio & tv broadcasting & communications equipment companies compared on assets and F-score.

QUALCOMM INC/DEQCOM Motorola Solutions, Inc.MSI Vistance Networks, Inc.VISN Planet Labs PBCPL Ondas Inc.ONDS COMTECH TELECOMMUNICATIONS CORP /DE/CMTL

Questions about AVIAT NETWORKS, INC.

How many subsidiaries does AVIAT NETWORKS, INC. file with the SEC?: 43, listed in its most recent exhibit 21. They are incorporated across 30 jurisdictions, led by Australia, Bangladesh, Brazil. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is AVIAT NETWORKS, INC. financially healthy?: AVIAT NETWORKS, INC. scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of AVIAT NETWORKS, INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

43 entities across 30 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-08-27 — see the exhibit.

Entity

Jurisdiction

Note

Aviat Networks (Australia) Pty. Ltd.

Australia

RF Australia Pty. Ltd.

Australia

Aviat Networks (Bangladesh) Limited

Bangladesh

Aviat Networks Brasil Serviços em Comunicações Ltda.

Brazil

Aviat Communications Canada ULC

Canada

Aviat Networks Canada ULC

Canada

Aviat Networks Colombia S.A.S.

Colombia

Aviat Networks LLC

Egypt

Aviat Networks France S.A.S.

France

Aviat Networks HK Limited

Hong Kong

Aviat Networks (Hungary) Kft.

Hungary

Aviat Networks (India) Private Limited

India

PT Aviat Solusi Komunikasi

Indonesia

PT Aviat Telekomunikasi Internasional

Indonesia

Aviat Networks Japan G.K.

Japan

Aviat Networks (Kenya) Limited

Kenya

Aviat Networks Malaysia Sdn. Bhd.

Malaysia

Digital Microwave (Mauritius) Private Limited

Mauritius

offshore centre

Aviat Networks México S.A. de C.V.

Mexico

Aviat Networks Holland B.V.

Netherlands

Aviat Networks (NZ) Limited

New Zealand

RF Limited

New Zealand

RF Trustee Limited

New Zealand

Aviat Networks Communication Solutions Limited

Nigeria

Stratex Networks Nigeria Limited

Nigeria

Aviat Networks (Pakistan) Limited

Pakistan

Aviat Networks (Clark) Corporation

Philippines

Aviat Networks Philippines, Inc.

Philippines

Aviat Networks Polska Sp. z.o.o.

Poland

Redline Communications Romania Ltd.

Romania

Harris Stratex Networks (S) Pte. Ltd.

Saudi Arabia

Aviat Networks (Sweden) AB

Sweden

Aviat Networks (Thailand) Ltd.

Thailand

Aviat Networks Turkey Telekominikasyon Sistemleri Limited Sirketi

Turkey

Aviat Networks L.L.C.

United Arab Emirates

RF Communications (Europe) Ltd.

United Kingdom

Aviat Networks (UK) Limited

Delaware

Aviat International Holdings, Inc.

Delaware

Aviat International Holdings I, LLC

Delaware

Aviat International Holdings II, LLC

Delaware

Aviat International Holdings III, LLC

Delaware

Aviat U.S., Inc.

Delaware

Telsima Corporation

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

PASSReturn on assets positiveROA 0.4%
PASSOperating cash flow positiveOCF 14M
PASSReturn on assets improving0.2% → 0.4%
PASSCash flow exceeds earningsOCF 14M vs NI 3M
FAILLong-term debt ratio falling10.9% → 14.9% of assets
PASSCurrent ratio improving1.64 → 1.97
FAILNo share dilution13M → 13M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Year

Revenue

Net income

Free cash flow

Gross margin

FY2021

$274.9M

$110.1M

$14.5M

37.3%

11,688,000

FY2022

—

$21.2M

$997,000

—

11,820,000

FY2023

—

$11.5M

−$7.0M

—

11,855,000

FY2024

—

$10.8M

$27.9M

—

12,456,000

FY2025

—

$1.3M

−$7.2M

—

12,826,000

FY2026

—

$2.5M

$6.1M

—

13,027,000

Ownership flow

10 institutions tracked — 5 added, 5 reduced.

Institutional holders of AVIAT NETWORKS, INC. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	844,050	+61,134	$18.7M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	122,803	+51,070	$2.7M
CITADEL ADVISORS LLC	Hedge fund	220,724	+47,897	$4.9M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	34,380	−34,399	$763,236
MORGAN STANLEY	Active fund	50,677	−29,971	$1.1M
GEODE CAPITAL MANAGEMENT, LLC	Index	311,516	+17,632	$6.9M
BANK OF AMERICA CORP /DE/	Active fund	13,106	−14,202	$290,953
JPMORGAN CHASE & CO	Active fund	32,724	+9,981	$678,369
FMR LLC	Active fund	5,564	−9,947	$123,525
STATE STREET CORP	Index	257,916	−1,298	$5.7M

Questions about AVIAT NETWORKS, INC.

How many subsidiaries does AVIAT NETWORKS, INC. file with the SEC?

43, listed in its most recent exhibit 21. They are incorporated across 30 jurisdictions, led by Australia, Bangladesh, Brazil. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is AVIAT NETWORKS, INC. financially healthy?

AVIAT NETWORKS, INC. scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of AVIAT NETWORKS, INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.