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Side-by-side financial comparison of AMBARELLA INC (AMBA) and AVIAT NETWORKS, INC. (AVNW). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $108.5M, roughly 1.0× AMBARELLA INC). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs -13.9%, a 19.1% gap on every dollar of revenue. On growth, AMBARELLA INC posted the faster year-over-year revenue change (31.2% vs -5.7%). AMBARELLA INC produced more free cash flow last quarter ($31.4M vs $22.5M). Over the past eight quarters, AMBARELLA INC's revenue compounded faster (45.0% CAGR vs 0.3%).
Ambarella, Inc. is an American fabless semiconductor design company, focusing on low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. Ambarella's products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver and in-cabin monitoring, autonomous driving, and robotics applications. Ambarella's system on chips ...
Aviat Networks, Inc. is a global provider of microwave transport and backhaul solutions, providing public and private operators with communications infrastructure to serve telecommunications operators and enterprise customers.
AMBA vs AVNW — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $108.5M | $111.5M |
| Net Profit | $-15.1M | $5.7M |
| Gross Margin | 59.6% | 32.4% |
| Operating Margin | -15.0% | 6.5% |
| Net Margin | -13.9% | 5.1% |
| Revenue YoY | 31.2% | -5.7% |
| Net Profit YoY | 37.2% | 27.2% |
| EPS (diluted) | $-0.35 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $108.5M | $111.5M | ||
| Q3 25 | $95.5M | $107.3M | ||
| Q2 25 | $85.9M | $115.3M | ||
| Q1 25 | $84.0M | $112.6M | ||
| Q4 24 | $82.7M | $118.2M | ||
| Q3 24 | $63.7M | $88.4M | ||
| Q2 24 | $54.5M | $116.7M | ||
| Q1 24 | $51.6M | $110.8M |
| Q4 25 | $-15.1M | $5.7M | ||
| Q3 25 | $-20.0M | $162.0K | ||
| Q2 25 | $-24.3M | $5.2M | ||
| Q1 25 | $-20.2M | $3.5M | ||
| Q4 24 | $-24.1M | $4.5M | ||
| Q3 24 | $-34.9M | $-11.9M | ||
| Q2 24 | $-37.9M | $1.5M | ||
| Q1 24 | $-60.6M | $3.9M |
| Q4 25 | 59.6% | 32.4% | ||
| Q3 25 | 58.9% | 33.2% | ||
| Q2 25 | 60.0% | 34.2% | ||
| Q1 25 | 60.0% | 34.9% | ||
| Q4 24 | 60.6% | 34.6% | ||
| Q3 24 | 60.8% | 22.4% | ||
| Q2 24 | 60.9% | 35.3% | ||
| Q1 24 | 59.8% | 32.5% |
| Q4 25 | -15.0% | 6.5% | ||
| Q3 25 | -23.0% | 4.8% | ||
| Q2 25 | -30.1% | 7.7% | ||
| Q1 25 | -30.2% | 8.3% | ||
| Q4 24 | -30.9% | 6.7% | ||
| Q3 24 | -56.9% | -17.6% | ||
| Q2 24 | -72.4% | 4.7% | ||
| Q1 24 | -80.8% | 5.1% |
| Q4 25 | -13.9% | 5.1% | ||
| Q3 25 | -20.9% | 0.2% | ||
| Q2 25 | -28.3% | 4.5% | ||
| Q1 25 | -24.1% | 3.1% | ||
| Q4 24 | -29.1% | 3.8% | ||
| Q3 24 | -54.8% | -13.4% | ||
| Q2 24 | -69.6% | 1.3% | ||
| Q1 24 | -117.4% | 3.5% |
| Q4 25 | $-0.35 | $0.44 | ||
| Q3 25 | $-0.47 | $0.01 | ||
| Q2 25 | $-0.58 | $0.42 | ||
| Q1 25 | $-0.48 | $0.27 | ||
| Q4 24 | $-0.58 | $0.35 | ||
| Q3 24 | $-0.85 | $-0.94 | ||
| Q2 24 | $-0.93 | $0.11 | ||
| Q1 24 | $-1.51 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | $86.5M |
| Total DebtLower is stronger | — | $105.4M |
| Stockholders' EquityBook value | $590.1M | $271.6M |
| Total Assets | $751.9M | $659.4M |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $86.5M | ||
| Q3 25 | $142.7M | $64.8M | ||
| Q2 25 | $141.3M | $59.7M | ||
| Q1 25 | $144.6M | $49.4M | ||
| Q4 24 | $127.1M | $52.6M | ||
| Q3 24 | $153.9M | $51.0M | ||
| Q2 24 | $131.8M | $64.6M | ||
| Q1 24 | $144.9M | $59.2M |
| Q4 25 | — | $105.4M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $87.6M | ||
| Q1 25 | — | $73.9M | ||
| Q4 24 | — | $74.9M | ||
| Q3 24 | — | $83.4M | ||
| Q2 24 | — | $48.4M | ||
| Q1 24 | — | $48.9M |
| Q4 25 | $590.1M | $271.6M | ||
| Q3 25 | $576.5M | $263.6M | ||
| Q2 25 | $572.7M | $263.2M | ||
| Q1 25 | $561.4M | $256.1M | ||
| Q4 24 | $554.3M | $249.6M | ||
| Q3 24 | $547.6M | $247.1M | ||
| Q2 24 | $555.4M | $255.9M | ||
| Q1 24 | $559.9M | $256.0M |
| Q4 25 | $751.9M | $659.4M | ||
| Q3 25 | $706.4M | $643.3M | ||
| Q2 25 | $701.9M | $633.3M | ||
| Q1 25 | $689.0M | $628.3M | ||
| Q4 24 | $670.8M | $594.1M | ||
| Q3 24 | $650.3M | $590.9M | ||
| Q2 24 | $638.7M | $535.2M | ||
| Q1 24 | $657.7M | $490.3M |
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $23.9M |
| Free Cash FlowOCF − Capex | $31.4M | $22.5M |
| FCF MarginFCF / Revenue | 29.0% | 20.2% |
| Capex IntensityCapex / Revenue | 2.7% | 1.3% |
| Cash ConversionOCF / Net Profit | — | 4.18× |
| TTM Free Cash FlowTrailing 4 quarters | $64.3M | $16.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.3M | $23.9M | ||
| Q3 25 | $5.5M | $-11.7M | ||
| Q2 25 | $14.8M | $10.5M | ||
| Q1 25 | $25.4M | $1.6M | ||
| Q4 24 | $6.6M | $20.8M | ||
| Q3 24 | $16.7M | $-27.2M | ||
| Q2 24 | $-15.0M | $8.3M | ||
| Q1 24 | $-4.0M | $15.3M |
| Q4 25 | $31.4M | $22.5M | ||
| Q3 25 | $1.4M | $-13.5M | ||
| Q2 25 | $10.2M | $8.2M | ||
| Q1 25 | $21.2M | $-1.2M | ||
| Q4 24 | $4.1M | $18.3M | ||
| Q3 24 | $14.2M | $-32.6M | ||
| Q2 24 | $-16.1M | $7.5M | ||
| Q1 24 | $-6.0M | $14.8M |
| Q4 25 | 29.0% | 20.2% | ||
| Q3 25 | 1.4% | -12.6% | ||
| Q2 25 | 11.9% | 7.1% | ||
| Q1 25 | 25.3% | -1.0% | ||
| Q4 24 | 5.0% | 15.5% | ||
| Q3 24 | 22.2% | -36.8% | ||
| Q2 24 | -29.5% | 6.4% | ||
| Q1 24 | -11.6% | 13.4% |
| Q4 25 | 2.7% | 1.3% | ||
| Q3 25 | 4.3% | 1.6% | ||
| Q2 25 | 5.3% | 2.0% | ||
| Q1 25 | 5.0% | 2.5% | ||
| Q4 24 | 3.0% | 2.1% | ||
| Q3 24 | 4.0% | 6.1% | ||
| Q2 24 | 2.1% | 0.7% | ||
| Q1 24 | 3.7% | 0.4% |
| Q4 25 | — | 4.18× | ||
| Q3 25 | — | -72.48× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 4.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.37× | ||
| Q1 24 | — | 3.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
