阿维亚网络 2025年季度报告

For the quarterly period endedMarch28, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from_______to_______Commission File Number001-33278 AVIAT NETWORKS, INC. (Exact name of registrant as specified in its charter) Indicate by checkmark whether the registrant (l)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ The number of shares outstanding of the registrant’s common stock as of May2, 2025 was12,692,431. AVIAT NETWORKS, INC. NOTESTO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note1.The Company and Basis of Presentation The Company Aviat Networks, Inc. (“Aviat,” the “Company,” “we,” “us,” and “our”) designs, manufactures, and sells wireless networking andaccess networking solutions and services to mobile and fixed telephone service providers, private network operators, governmentagencies, transportation and utility companies, public safety agencies and broadcast system operators across the globe. Aviat’sproducts include broadband wireless access base stations and customer premises equipment for fixed and mobile, point-to-point digital Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generallyaccepted accounting principles in the United States (“U.S. GAAP”) and with the rules and regulations of the Securities and ExchangeCommission (“SEC”) for interim financial information, and Aviat has made estimates, assumptions and judgments affecting theamounts reported in its unaudited condensed consolidated financial statements and the accompanying notes, as discussed in greaterdetail below. Accordingly, the statements do not include all information and footnotes required by U.S. GAAP for annual consolidatedfinancial statements. In the opinion of the Company’s management, such interim financial statements reflect all adjustments The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned andmajority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. Certain amounts in the financial Aviat’s fiscal year includes 52 or 53 weeks and ends on the Friday nearest to June30. The three months ended March28, 2025and March29, 2024 both consisted of 13 weeks. Fiscal year 2025 contains 52 weeks and will end on June27, 2025. Fiscal year 2024 Use of Estimates The preparation of unaudited condensed consolidated financial statements in accordance with U.S.GAAP requires theCompany to make estimates, assumptions and judgments affecting the amounts reported and related disclosures. Estimates are basedupon historical factors, current circumstances and the experience and judgment of the Company’s management. The Companyevaluates estimates and assumptions on an ongoing basis and may employ outside experts to assist in making these evaluations.Changes in such estimates, based on more accurate information, or different assumptions or conditions, may affect amounts reported in Revisions to Prior Period Consolidated Financial Statements Subsequent to the third quarter of fiscal 2024, the Company identified certain errors in the quarterly financial statements forfiscal 2024. In accordance with ASC 250, Accounting Changes and Error Corrections and Staff Accounting Bulletins (“SAB”) No. 99,Materiality and No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year statements. As a result, the Company has revised the prior period financial statements and related disclosures to correct the errors forcomparability across all periods presented herein. Refer to Note 15. Revisions to Prior Period Consolidated Financial Statements of theNotes to this Form 10-Q, and Note 1. The Company and Summary of Significant Accounting Policies and Part II, Item 9B. Other Summary of Significant Accounting Policies There have been no material changes in the Company’s significant accounting policies as of and for the nine months endedMarch28, 2025, as compared to the significant accounting policies described in the Company’s Annual Report on Form 10-K for the Acc