Ceragon Networks Ltd · Q1 2026 earnings

Briefing

Ceragon Q1 2026: $85M revenue, India strength and positive non-GAAP profitability

Ceragon Networks Ltd. reported Q1 2026 results for the quarter ended March 31, 2026, with revenue of $85.0 million, down 4.1% from $88.7 million in Q1 2025 but reflecting continued healthy demand across key markets led by India. GAAP gross margin improved to 35.4% from 32.8%, and non-GAAP operating profit was $4.2 million with net income of $0.7 million ($0.01 per diluted share). Management highlighted strong E-band solution demand, progress on FR2 with a successful North American carrier POC, and expanding private-network wins. The company reiterated 2026 revenue guidance of $355 million to $385 million.

• Q1 revenue was $85.0 million (-4.1% YoY); GAAP gross margin improved to 35.4% from 32.8%.
• GAAP operating income was $2.1 million; non-GAAP operating profit was $4.2 million with net income of $0.7 million.
• GAAP net loss was $1.3 million ($0.01 per share); non-GAAP EPS was $0.01 per diluted share.
• India represented 35% of revenue with sequentially higher revenue and strong bookings; North America was 37%.
• Management reiterated 2026 revenue outlook of $355–$385 million with non-GAAP operating margin of 6.5–7.5% at the midpoint.

Headline financials

Revenue & EPS history

Ceragon reiterated 2026 revenue guidance of $355 million to $385 million, with non-GAAP gross margin improvement of 100bps at the midpoint and non-GAAP operating margin of 6.5–7.5% at the midpoint.