Aviat Networks Appoints Andrew C. Schmidt as Chief Financial Officer

Aviat Networks (NASDAQ: AVNW) announced that Andrew C. Schmidt has been appointed Senior Vice President and Chief Financial Officer and will serve as Principal Accounting Officer, effective Dec. 3, 2025.

Rhea-AI Summary

Aviat Networks (NASDAQ: AVNW) announced that Andrew C. Schmidt has been appointed Senior Vice President and Chief Financial Officer and will serve as Principal Accounting Officer, effective Dec. 3, 2025. Mr. Schmidt brings more than 25 years of senior financial leadership, including over 20 years as a public company CFO.

His prior roles include CFO of Sientra, which completed a sale in 2024, CFO of Iteris (2015–2020) with experience serving U.S. public safety agencies, and CFO of Smith Micro Software. Management says his public safety and software background aligns with Aviat’s strategy to grow software and public safety business.

Positive

• CFO appointment effective Dec. 3, 2025
• Executive experience: >25 years senior finance
• Public CFO experience: >20 years
• Relevant industry experience in public safety and software
• Track record: led Sientra through sale in 2024

Negative

• None.

Argus Dec 4 session

-2.32% close to close Open Argus

Details

News Market Reaction – AVNW

On Dec 4, the first trading day after this news, AVNW closed 2.32% below the previous close.

Data tracked by StockTitan Argus for the Dec 4 session.

Market Context

This announcement introduces a new CFO and Principal Accounting Officer with over 20 years of public...

Analysis

This announcement introduces a new CFO and Principal Accounting Officer with over 20 years of public company CFO experience and a background aligned with Aviat’s public safety and software focus. Set against recent product launches, partnerships, and an earnings-driven return to profitability, the leadership change adds another element to the company’s execution story. Investors may watch how future financial results, capital allocation decisions, and strategic updates under this CFO reflect the stated growth priorities.

Key Figures

Quarterly revenue: $107.3M Revenue growth: 21.4% Gross margin: 33.2% +5 more

Quarterly revenue

$107.3M

Quarter ended September 26, 2025; up 21.4% year over year

Revenue growth

21.4%

Year-over-year revenue increase for quarter ended September 26, 2025

Gross margin

33.2%

Quarter ended September 26, 2025; up from 22.4% a year ago

Operating income

$5.2M

Quarter ended September 26, 2025; vs operating loss prior year

Net income

$0.2M

Quarter ended September 26, 2025; $0.01 per diluted share

Cash and equivalents

$64.8M

Balance at quarter end September 26, 2025

Term Loan debt

$92.2M

Quarter ended September 26, 2025; effective rate 6.7%

Revolver availability

$72.1M

Available under revolver as of quarter ended September 26, 2025

Historical Context

5 past events · Latest: Dec 03

5 events

1. Dec 03

   CFO appointment

   24h Move

   -2.3%

   New CFO and Principal Accounting Officer with long public company experience.

2. Nov 17

   Investor outreach

   24h Move

   -2.5%

   Participation in Roth Technology Conference and related investor meetings.

3. Oct 28

   Earnings call scheduling

   24h Move

   +1.5%

   Announcement of fiscal 2026 Q1 results release and investor conferences.

4. Sep 29

   Strategic partnership

   24h Move

   +0.9%

   Partnership with Intracom Telecom to deliver FWA solutions in North America.

5. Sep 15

   Product launch

   24h Move

   +0.9%

   Launch of Aprisa LTE 5G router solution for police and emergency vehicles.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Bringing over 20 years of public company CFO experience, with public safety and software background, to strengthen Aviat's global strategy

AUSTIN, Texas, Dec. 3, 2025 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, today announced the appointment of Andrew C. Schmidt as Senior Vice President and Chief Financial Officer, effective immediately. Mr. Schmidt will also serve as the Company's Principal Accounting Officer.

Mr. Schmidt brings more than 25 years of senior financial leadership, including over 20 years as a public company CFO. Most recently, he served as CFO of Sientra, Inc., a Nasdaq-listed medical aesthetics company, where he successfully guided the company through the challenges of the COVID-19 pandemic and its subsequent sale in 2024.

From 2015 to 2020, Mr. Schmidt was CFO of Iteris, Inc., an intelligent transportation technology company serving primarily the U.S. public safety market, where he worked with over three thousand public agencies designing, building, and managing transportation systems at the U.S. local, state, and federal government levels. Before that, he served as CFO of Smith Micro Software, Inc., a broadband connectivity-focused software company. These experiences directly align with Aviat's strategic goal of driving growth in public safety and increasing its mix of software sales.

"We are thrilled to welcome Andy to the Aviat team," said Pete Smith, President and CEO of Aviat Networks. "Given his tremendous track record in U.S. public safety and software, he is exceptionally well suited to drive value for Aviat's customers, shareholders, and employees. Andy's more than 20 years of public company CFO experience will be instrumental as we scale to the next level of growth. I would also like to thank Andrew Fredrickson for stepping in as interim CFO."

Mr. Schmidt holds a Master of Science in Accountancy from San Diego State University and a Bachelor of Business Administration in Finance from the University of Texas at Austin. He earned multiple academic honors and scholarships, including a full athletic scholarship. As a competitive swimmer, he achieved All-America status, won the U.S. National Championship, and represented the United States as a member of the USA National Swimming Team.

About Aviat Networks
Aviat is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on LinkedIn and Facebook.

Investor Relations Contact: Andrew Fredrickson, Aviat Networks, andrew.fredrickson@aviatnet.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/aviat-networks-appoints-andrew-c-schmidt-as-chief-financial-officer-302632170.html

SOURCE Aviat Networks, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new CFO of Aviat Networks (AVNW) as of Dec. 3, 2025?

Andrew C. Schmidt was appointed Senior Vice President and Chief Financial Officer, effective Dec. 3, 2025.

What experience does Aviat Networks' new CFO Andrew C. Schmidt bring to AVNW?

He brings more than 25 years of senior finance leadership, including over 20 years as a public company CFO and roles at Sientra, Iteris, and Smith Micro Software.

How does Andrew Schmidt's background align with Aviat Networks' strategy (AVNW)?

His experience in U.S. public safety programs and software aligns with Aviat's goal to grow public safety business and increase software sales.

Did Aviat Networks report any financial guidance with the CFO appointment (AVNW)?

No financial guidance or metrics were included in the appointment announcement.

Who served as interim CFO before Andrew Schmidt at Aviat Networks (AVNW)?

Andrew Fredrickson served as interim CFO and was thanked in the announcement.