A waveguide circulator comprising at least three waveguide arms intersecting at a junction, at least one ferrite element positioned within the junction, an impedance transformer and a recessed transformer. At least a portion of each of the at least three waveguide arms and the junction define a first wall and a second wall that are positioned in an opposing relationship. The impedance transformer is positioned in proximity to the at least one ferrite element and projects from the first wall. The recessed transformer is positioned in proximity to the impedance transformer and is recessed within the first wall.