Ceragon Networks Ltd. Q3 2026 Earnings Recap

Ceragon shares rose 14.0% after earnings, as revenue growth, sharply higher operating margin, and more than tripled year-over-year non-GAAP EPS were accompanied by an expected North American rebound. The quarter also showed ongoing pressure from higher component costs and supplier delays, which management expects to continue into 2027.

Key Takeaways

• Q3 revenue was $95.5 million, up 11.7% year over year.
• Non-GAAP operating margin increased to 8.5% from 6.2%; non-GAAP EPS was $0.07 versus $0.02 a year ago.
• North America drove revenue growth and margin expansion, with the key Tier 1 carrier customer’s activity rebounding as expected and software sales contributing more.
• India revenue was $33.6 million, in line with expectations after an exceptionally strong Q2.
• Higher component costs and supplier delivery delays remain a headwind; management expects these pressures to persist into 2027.