阿维亚网络 2024年度报告

FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedJune27, 2025or☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition from to Commission File Number001-33278______________________________ AVIAT NETWORKS, INC.______________________________ (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 78728(Zip Code) 200 Parker Drive, Suite C100A,Austin,Texas Registrant’s telephone number, including area code: (408)941-7100Securities registered pursuant to Section12(b) of the Act: Name of each exchange on which registered Securities registered pursuant to Section12(g) of the Act: None_____________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☐No☒Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Largeacceleratedfiler☐Accelerated filer☒Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As ofDecember27, 2024, the aggregate market value of the registrant’s common stock held by non-affiliates was approximately$224.4million.For purposes of this calculation, the registrant has assumed that its directors, executive officers and holders of 10% or more of the outstanding commonstock are affiliates. As ofSeptember09, 2025, there were12,799,307shares of the registrant’s common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement for its fiscal2025Annual Meeting of Stockholders (“Proxy Statement”), which will be filedwith the U.S. Securities and Exchange Commission within 120days after the end of the registrant’s fiscal year endedJune27, 2025, are incorporated byreference into PartIII of this Annual Report on Form10-K. AVIAT NETWORKS, INC.ANNUAL REPORT ON FORM10-KFor the Fiscal Year Ended June27, 2025Table of Contents PARTI5Item1.Business5Item1A.Risk Factors15Item1B.Unresolved Staff Comments35Item 1C.Cybersecurity35Item2.Properties36Item3.Legal Proceedings36Item4.Mine Safety Disclosures36 PARTII37Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities37Item6.[Reserved]38Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations39Item7A.Quantitative and Qualitative Disclosures About Market Risk48Item8.Financial Statements and Supplementary Data49Item9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure89Item9A.Controls and Procedures89Item9B.Other Information93Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections93 Item10.Directors, Executive Officers and Corporate Governance94Item11.Executive Compensation94Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder