Ceragon Networks Ltd. Earnings Recaps
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.