Aviat Networks shares surge 13.42% intraday after beating Q2 earnings estimates and maintaining Market Outperform rating.

Aviat Networks surged 13.42% intraday after reporting Q2 fiscal 2026 results that exceeded revenue and EBITDA estimates, prompting Citizens to reaffirm its Market Outperform rating and $30 price target. The company’s adjusted EBITDA of $11.3 million and revenue of $111.5 million both beat consensus forecasts, with a book-to-bill ratio above 1.0x signaling strong demand. The analyst highlighted these results as a "promising set-up" for the remainder of the fiscal year, reinforcing investor confidence. While Roth Capital slightly reduced its price target to $38, the broader analyst community maintained a "Buy" consensus, with an average target of $34.86. The stock’s sharp intraday rally aligns with its 7% aftermarket jump following the earnings report, underscoring market optimism over Aviat’s operational momentum and guidance stability.