Aviat Networks delivered a solid QQ3 2025 performance with revenue of $112.6 million, marking a modest year-over-year gain and a robust margin mix driven by software and Pasolink integration. Non-GAAP gross margin reached 35.8%, with adjusted EBITDA of $14.9 million (13.2% of revenue) and non-GAAP EPS of $0.88, delivering the second consecutive quarterly EBITDA record. Management highlighted ongoing benefits from the Pasolink integration and APRISA cross-sell initiatives, along with the launch and early traction of ProVision Plus for Pasolink. The quarter was also characterized by disciplined operating expense management, a strong balance sheet with net debt of $24.5 million, and a cash position of $49.4 million. Looking ahead, Aviat reaffirmed FY2025 revenue guidance in the $430–$470 million range and emphasized a margin-neutral tariff strategy, supported by inventory actions and US-based manufacturing capabilities. Management remains constructive on near-term demand in North America private networks and modest upside from U.S. Tier 1 CapEx cycles, while flagging tariff-related headwinds and macro uncertainty as the primary downside risks.