Ceragon Networks Ltd. Earnings Recaps
Q2 2026
Aug 13, 2026
Ceragon's shares rose 4.7% post-earnings, reflecting investor approval of strong bookings and demand, particularly in India and private networks, which appear to exceed expectations.
Key takeaways
- Revenue reached $93.9 million, up 14% year-over-year, supported by well-aligned new technologies and solutions.
- Bookings hit their highest first-half level in 10 years, driven largely by $120 million in orders from Indian operators focused on 4G/5G expansion and network modernization.
- North American business showed resilience with revenue slightly above expectations despite some supply chain timing shifts; private network bookings achieved a record high.
- Adoption of E-Band products continues accelerating, offering fiber-like capacity with faster deployment and lower costs.
- Management highlighted improved competitive positioning due to competitor weaknesses, expanding engagement in new markets and advanced wireless transport solutions.
Q1 2026
May 20, 2026
Shares were essentially unchanged, edging up 0.8% as investors digested results and commentary that largely aligned with prior expectations, reflecting stable execution without meaningful surprises on growth or margin trends.
Key takeaways
- Revenue for Q1 2026 came in at $85 million with non-GAAP EPS of $0.01.
- India showed strong demand with $86 million in bookings, driven by significant wins involving the new IP-50EXA platform.
- North America maintained steady demand, though bookings from a key Tier-1 carrier moderated following elevated activity in H2 2025; expectations for 2026 remain stable.
- Gross margin benefitted from a favorable product and geographic mix alongside higher software license revenue but faced headwinds from intensified macro and industry cost pressures.
- Management highlighted ongoing supply chain challenges and prolonged sales cycles in private networks, underscoring a cautious near-term outlook despite a solid strategic position.
Q3 2025
Nov 11, 2025
Ceragon Networks Ltd. reported strong Q3 2025 earnings with revenues of $85.5 million, driven by robust demand across key markets and improved visibility into customer spending plans.
Key takeaways
- Revenue surpassed expectations, reflecting strong operational resilience.
- Non-GAAP gross margin held steady at 35%, with adjusted EPS of approximately $0.04, excluding foreign exchange impacts.
- Free cash flow of $3.3 million underscores the strength of the business model amid growing demand for high-capacity connectivity solutions.
- Ongoing investments in AI and data-intensive applications are expected to boost demand for Ceragon's innovative E-band and 60 GHz technologies.
- Successful proof-of-concept deployments and strategic customer engagements position Ceragon for growth in the expanding fixed wireless access market.