{"success":true,"data":{"pressRelease":{"id":"115157","rtpr_id":"nPn8Vd50Da","ticker":"CRNT","exchange":"NASDAQ","all_tickers":["CRNT"],"title":"Ceragon Reports 2026 Second Quarter Financial Results","author":"PR Newswire","published_at":"2026-08-11T11:00:13.127Z","article_body":"Ceragon Reports 2026 Second Quarter Financial Results\n\nPR Newswire\n\nROSH HA'AIN, Israel, Aug. 11, 2026\n\nStrong demand in India drives 14% year-over-year revenue growth\n\nROSH HA'AIN, Israel, Aug. 11, 2026 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a\nleading solutions provider of end-to-end wireless connectivity, today reported\nits financial results for the second quarter period ended June 30, 2026.\n\nQ2 2026 Financial Highlights:\n\n * Revenues of $93.9 million\n * GAAP Operating income of $0.2 million, non-GAAP operating income of $4.0\nmillion\n * GAAP Net loss of $2.1 million, non-GAAP net income of $1.7 million\n * GAAP EPS of ($0.02) per diluted share, non-GAAP EPS of $0.02 per diluted share\nQ2 2026 Business Highlights:\n\n * India – Sequentially higher revenue and strong bookings (approximately $120\nmillion in announced year-to-date bookings in July) have increased visibility\nfor the remainder of 2026; notable interest in E-band solutions\n * North America – Demand remained robust with record quarterly bookings in\nprivate networks\nCEO Doron Arazi commented: \"Our second quarter reflects the benefits of the\nstrategy we've been executing over the past several years. Demand remains\nhealthy across multiple end markets, and we're seeing momentum from both our\ntraditional carrier business and newer growth areas such as private networks\nand managed services. Just as importantly, the quality of our opportunities\nand customer engagement, gives us confidence in the outlook for the balance of\nthe year, as described below.\"\n\n\"Customer demand remains healthy, and our competitive position continues to\nimprove, despite near-term industry-wide cost and supply chain pressures,\"\ncontinued Mr. Arazi. \"Our E-band solutions are generating particular interest\nfrom customers and represent a strong competitive differentiator. Our recent\nfield trial success with our 5G FR2 (mmWave) product for a new Tier 1 North\nAmerican carrier points to our continued innovation that drives increased\ndemand for our technology. Strong bookings and growing interest from new and\nexisting customers reinforce our confidence in Ceragon's technology,\ninnovation roadmap, and long-term growth prospects.\"\n\nPrimary Second Quarter 2026 Financial Results:\n\nRevenues were $93.9 million, up 14.2% from $82.3 million in Q2 2025.\n\nGross profit was $29.7 million, or a gross margin of 31.7%, compared to gross\nmargin of 34.6% in Q2 2025.\n\nGAAP Operating income was $0.2 million compared with $2.2 million for Q2\n2025.\n\nGAAP Net income (loss) was ($2.1) million, or ($0.02) per diluted share,\ncompared with ($1.3) million, or ($0.01) per diluted share for Q2 2025.\n\nNon-GAAP results were as follows: Gross margin was 32.2%, operating profit was\n$4.0 million, and net income was $1.7 million, or $0.02 per diluted share.\n\nBalance Sheet\n\nCash and cash equivalents were $34.8 million on June 30, 2026, compared to\n$38.4 million on December 31, 2025.\n\nFor a reconciliation of GAAP to non-GAAP results, see the attached tables.\n\nRevenue Breakout by Geography:\n                Q2 2026\n India          48 %\n North America  22 %\n EMEA           13 %\n Latin America  9 %\n APAC           8 %\n\nOutlook\n\nManagement updated its 2026 outlook as follows:\n\n * Revenue of $355 million to $385 million\n * Non-GAAP gross margin is expected to be between 33.5% - 34.5% vs. 35.5%\npreviously at the midpoint of the provided revenue guidance range\n * Non-GAAP operating margin is expected to be between 5% - 6% vs. 6.5% - 7.5%\npreviously at the midpoint of the provided revenue guidance range.\nConference Call\n\nThe Company will hold a Zoom webcast today at 8:30 a.m. ET to review the\nresults, followed by a Q&A session.\n\nInvestors are invited to register by clicking here.\n(https://get-events.zoom.us/webinar/register/WN_D9HX2pp3QkCpvTjNkYJHIQ#/) All\nrelevant access details will be provided upon registration.\n\nFor investors unable to join the live call, a replay will be available on the\nCompany's website at www.ceragon.com (http://www.ceragon.com/)\n\nAbout Ceragon\n\nCeragon (NASDAQ: CRNT) is the global innovator and leading solutions provider\nof end-to-end wireless connectivity, specializing in transport, access, and\nAI-powered managed & professional services. Through our commitment to\nexcellence, we empower customers to elevate operational efficiency and enrich\nthe quality of experience for their end users.\n\nOur customers include service providers, utilities, public safety\norganizations, government agencies, energy companies, and more who rely on our\nwireless expertise and cutting-edge solutions for 5G & 4G broadband\nwireless connectivity, mission-critical services, and an array of applications\nthat harness our ultra-high reliability and speed. Ceragon solutions are\ndeployed by more than 600 service providers, as well as more than 1,600\nprivate network owners, in more than 130 countries. Through our innovative,\nend-to-end solutions, covering hardware, software, and managed &\nprofessional services, we enable our customers to embrace the future of\nwireless technology with confidence, shaping the next generation of\nconnectivity and service delivery. Ceragon delivers extremely reliable,\nfast-to-deploy, high-capacity wireless solutions for a wide range of\ncommunication network use cases, optimized to lower TCO through minimal use of\nspectrum, power, real estate, and labor resources – driving simple, quick,\nand cost-effective network modernization and positioning Ceragon as a leading\nsolutions provider for the \"connectivity everywhere\" era.\n\nFor more information please visit: www.ceragon.com (http://www.ceragon.com/)\n\nCeragon Networks® and FibeAir® are registered trademarks of Ceragon Networks\nLtd. in the United States and other countries. CERAGON ® is a trademark of\nCeragon, registered in various countries. Other names mentioned are owned by\ntheir respective holders.\n\nSafe Harbor\n\nThis press release contains statements that constitute \"forward-looking\nstatements\" within the meaning of the Securities Act of 1933, as amended and\nthe Securities Exchange Act of 1934, as amended, and the safe-harbor\nprovisions of the Private Securities Litigation Reform Act of 1995. Such\nforward-looking statements are based on the current beliefs, expectations and\nassumptions of Ceragon's management about Ceragon's business, financial\ncondition, results of operations, micro and macro market trends and other\nissues addressed or reflected therein. Examples of forward-looking statements\ninclude, but are not limited to, statements regarding: projections of demand,\nrevenues, net income, gross margin, capital expenditures and liquidity,\ncompetitive pressures, order timing, supply chain and shipping, components\navailability; growth prospects, product development, financial resources, cost\nsavings and other financial and market matters. You may identify these and\nother forward-looking statements by the use of words such as \"may\", \"plans\",\n\"anticipates\", \"believes\", \"estimates\", \"targets\", \"expects\", \"intends\",\n\"potential\" or the negative of such terms, or other comparable terminology,\nalthough not all forward-looking statements contain these identifying words.\n\nAlthough we believe that the projections reflected in such forward-looking\nstatements are based upon reasonable assumptions, we can give no assurance\nthat our expectations will be obtained or that any deviations there from will\nnot be material. Such forward-looking statements involve known and unknown\nrisks and uncertainties that may cause Ceragon's future results or performance\nto differ materially from those anticipated, expressed or implied by such\nforward-looking statements. These risks and uncertainties include, but are not\nlimited to: Company's forward-looking forecasts, with respect to which there\nis no assurance that such forecasts will materialize; Company's ability to\nfuture plan, business, marketing and product strategies on the forecasted\nevolution of the market developments, such as market and territory trends,\nfuture use cases, business concepts, technologies, future demand, and\nnecessary inventory levels; the effects of fluctuations in currency exchange\nrates between the currencies in which we operate; risks relating to the\nconversion of the orders from customers into revenues; the effects of global\neconomic trends, including recession, rising inflation, rising interest rates,\ncommodity price increases and fluctuations, commodity shortages and exposure\nto economic slowdown; risks related to conditions in Israel and the\ncontinuation of hostilities in the Middle East; risks associated with delays\nin the transition to 5G technologies and in the 5G rollout; risks relating to\nthe concentration of our business on a limited number of large mobile\noperators and the fact that the significant weight of their ordering, compared\nto the overall ordering by other customers, coupled with inconsistent ordering\npatterns, could negatively affect us; risks resulting from the volatility in\nour revenues, margins and working capital needs; disagreements with tax\nauthorities regarding tax positions that we have taken could result in\nincreased tax liabilities;  the high volatility in the supply needs of our\ncustomers, which from time to time lead to delivery issues and may lead to us\nbeing unable to timely fulfil our customer commitments;  and such other\nrisks, uncertainties and other factors that could affect our results of\noperations, as further detailed in Ceragon's most recent Annual Report on Form\n20-F, as published on April 15, 2026, as well as other documents that may be\nsubsequently filed by Ceragon from time to time with the Securities and\nExchange Commission.\n\nWe caution you not to place undue reliance on forward-looking statements,\nwhich speak only as of the date hereof. Ceragon does not assume any obligation\nto update any forward-looking statements in order to reflect events or\ncircumstances that may arise after the date of this release unless required by\nlaw.\n\nWhile we believe that we have a reasonable basis for each forward-looking\nstatement contained in this press release, we caution you that these\nstatements are based on a combination of facts and factors currently known by\nus and our projections on the future, about which we cannot be certain. In\naddition, any forward-looking statements represent Ceragon's views only as of\nthe date of this press release and should not be relied upon as representing\nits views as of any subsequent date. Ceragon does not assume any obligation to\nupdate any forward-looking statements unless required by law.\n\nThe results reported in this press-release are preliminary and unaudited\nresults, and investors should be aware of possible discrepancies between these\nresults and the audited results to be reported, due to various factors.\n\nCeragon's public filings are available on the Securities and Exchange\nCommission's website at www.sec.gov (http://www.sec.gov/)  and may also be\nobtained from Ceragon's website at www.ceragon.com (http://www.ceragon.com/) .\n\nInvestor Contact:\nRob Fink\nFNK IR\nTel. +1-646-809-4048\ncrnt@fnkir.com (mailto:crnt@fnkir.com)\n\nJoey Delahoussaye\nFNK IR\nTel. +1-312-809-1087\ncrnt@fnkir.com (mailto:crnt@fnkir.com)\n\n \n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS\n (U.S. dollars in thousands, except share and per share data)\n                                                 Three months ended                    Six months ended\n                                                 June 30,                              June 30,\n                                                 2026              2025                2026                2025\n\n Revenues                                        93,914            82,262              178,917             170,914\n Cost of revenues                                64,187            53,822              119,114             113,375\n\n Gross profit                                    29,727            28,440              59,803              57,539\n\n Operating expenses:\n    Research and development, net                8,405             7,332               16,346              15,581\n Sales and Marketing                             12,909            11,722              26,899              24,019\n General and administrative                      6,823             6,940               12,343              12,376\n Restructuring and related charges               1,120             -                   1,660               3,732\n Acquisition- and integration-related charges    233               229                 233                 704\n\n Total operating expenses                        29,490            26,223              57,481              56,412\n\n Operating income                                237               2,217               2,322               1,127\n\n Financial and other expenses, net               1,663             2,896               4,519               1,906\n\n Income (loss) before taxes                      (1,426)           (679)               (2,197)             (779)\n\n Taxes on income                                 665               588                 1,237               1,468\n\n Net income (loss)                               (2,091)           (1,267)             (3,434)             (2,247)\n\n Basic net income (loss) per share\n\n(0.02)\n(0.01)\n(0.04)\n(0.03)\n Diluted net income (loss) per share\n\n(0.02)\n(0.01)\n(0.04)\n(0.03)\n\n Weighted average number of shares used in       91,033,749        89,470,719          90,872,376          89,108,772\n computing basic net income (loss) per share\n Weighted average number of shares used in       91,033,749        89,470,719          90,872,376          89,108,77\n computing diluted net income (loss) per share\n\n \n CONDENSED CONSOLIDATED BALANCE SHEETS\n (U.S. dollars in thousands)\n                                                 June 30,     December 31,\n                                                 2026         2025\n ASSETS\n CURRENT ASSETS:\n Cash and cash equivalents                       34,771       38,368\n Trade receivables, net                          101,283      99,673\n Inventories                                     59,459       61,587\n Other accounts receivable and prepaid expenses  24,564       25,576\n\n Total current assets                            220,077      225,204\n\n NON-CURRENT ASSETS:\n Severance pay and pension fund                  430          362\n Property and equipment, net                     41,065       39,952\n Operating lease right-of-use assets             16,003       16,554\n Intangible assets, net                          24,525       23,182\n Goodwill                                        11,007       11,007\n Other non-current assets                        669          781\n\n Total non-current assets                        93,699       91,838\n\n Total assets                                    313,776      317,042\n LIABILITIES AND SHAREHOLDERS' EQUITY\n CURRENT LIABILITIES:\n Trade payables                                  74,173       70,784\n Deferred revenues                               1,300        2,371\n Short-term loans                                12,004       19,000\n Operating lease liabilities                     4,061        4,001\n Other accounts payable and accrued expenses     27,251       24,071\n\n Total current liabilities                       118,789      120,227\n\n LONG-TERM LIABILITIES:\n Accrued severance pay and pension               2,557        2,537\n Operating lease liabilities                     12,715       13,331\n Other long-term payables                        7,665        8,195\n\n Total long-term liabilities                     22,937       24,063\n\n SHAREHOLDERS' EQUITY:\n Share capital                                   234          234\n Additional paid-in capital                      457,690      454,640\n Treasury shares at cost                         (20,091)     (20,091)\n Accumulated other comprehensive loss            (9,134)      (8,816)\n Accumulated deficit                             (256,649)    (253,215)\n\n Total shareholders' equity                      172,050      172,752\n\n Total liabilities and shareholders' equity      313,776      317,042\n\n \n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW\n (U.S. dollars, in thousands)\n                                                         Three months ended            Six months ended\n\nJune 30,\nJune 30,\n                                                         2026              2025        2026             2025\n Cash flow from operating activities:\n Net income (loss)                                       (2,091)           (1,267)     (3,434)          (2,247)\n Adjustments to reconcile net income (loss) to net\n cash provided by operating activities:\n Depreciation and amortization                           3,471             3,632       6,905            6,964\n Loss from sale of property and equipment, net           52                -           122              10\n Stock-based compensation expense                        1,755             1,549       2,647            2,199\n Decrease (increase) in accrued severance pay and        (85)              30          (48)             77\n pensions, net\n Decrease (increase) in trade receivables, net           (6,838)           21,778      (1,537)          28,162\n Decrease (increase) in other assets (including other    (461)             (1,179)     755              (2,319)\n accounts receivable, prepaid expenses, other non-\n current assets, and the effect of exchange rate\n changes on cash and cash equivalents)\n Decrease (increase) in inventory                        (2,269)           2,206       1,561            127\n Decrease in operating lease right-of-use assets         1,182             1,323       2,135            2,054\n Increase (decrease) in trade payables                   9,255             (13,961)    3,081            (18,045)\n Increase (decrease) in other accounts payable and       3,666             (3,285)     2,620            (2,531)\n accrued expenses (including other long-term payables)\n Decrease in operating lease liability                   (1,161)           (90)        (2,140)          (915)\n Increase (decrease) in deferred revenues                (1,410)           26          (1,071)          (164)\n Net cash provided by operating activities               5,066             10,762      11,596           13,372\n\n Cash flow from investing activities:\n Purchases of property and equipment                     (3,322)           (3,957)     (5,597)          (7,426)\n Software development costs capitalized                  (1,451)           (1,173)     (2,921)          (1,711)\n Payments made in connection with business               -                 -           -                (6,570)\n acquisitions, net of acquired cash\n Net cash used in investing activities                   (4,773)           (5,130)     (8,518)          (15,707)\n\n Cash flow from financing activities:\n Proceeds from exercise of stock options                 267               143         276              651\n Repayments of bank credits and loans, net               (5,096)           (4,700)     (6,996)          (4,700)\n Net cash used in financing activities                   (4,829)           (4,557)     (6,720)          (4,049)\n\n Effect of exchange rate changes on cash and cash        143               453         45               289\n equivalents\n\n Increase (decrease) in cash and cash equivalents        (4,393)           1,528       (3,597)          (6,095)\n Cash and cash equivalents at the beginning of the       39,164            27,688      38,368           35,311\n period\n Cash and cash equivalents at the end of the period      34,771            29,216      34,771           29,216\n\n \n RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS\n (U.S. dollars in thousands, except share and per share data)\n                                                        Three months ended           Six months ended\n\nJune 30,\nJune 30,\n                                                        2026              2025       2026             2025\n GAAP cost of revenues                                  64,187            53,822     119,114          113,375\n Stock-based compensation expenses                      (108)             (81)       (239)            (189)\n Amortization of acquired intangible assets             (422)             (451)      (844)            (956)\n Non-GAAP cost of revenues                              63,657            53,290     118,031          112,230\n\n GAAP gross profit                                      29,727            28,440     59,803           57,539\n Stock-based compensation expenses                      108               81         239              189\n Amortization of acquired intangible assets             422               451        844              956\n Non-GAAP gross profit                                  30,257            28,972     60,886           58,684\n\n GAAP Research and development expenses                 8,405             7,332      16,346           15,581\n Stock-based compensation expenses                      (217)             (123)      (408)            (278)\n Non-GAAP Research and development expenses             8,188             7,209      15,938           15,303\n\n GAAP Sales and marketing expenses                      12,909            11,722     26,899           24,019\n Stock-based compensation expenses                      (350)             (330)      (690)            (640)\n Amortization of acquired intangible assets             (220)             (275)      (440)            (497)\n Non-GAAP Sales and marketing expenses                  12,339            11,117     25,769           22,882\n\n GAAP General and administrative expenses               6,823             6,940      12,343           12,376\n Stock-based compensation expenses                      (1,080)           (1,015)    (1,310)          (1,092)\n Non-GAAP General and administrative expenses           5,743             5,925      11,033           11,284\n\n GAAP Restructuring and related charges                 1,120             -          1,660            3,732\n Restructuring and related charges                      (1,120)           -          (1,660)          (3,732)\n Non-GAAP Restructuring and related charges             -                 -          -                -\n\n GAAP Acquisition- and integration-related charges      233               229        233              704\n Acquisition- and integration-related charges           (233)             (229)      (233)            (704)\n Non-GAAP Acquisition- and integration-related charges  -                 -          -                -\n\n \n RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS\n (U.S. dollars in thousands, except share and per share data)\n                                                            Three months ended                 Six months ended\n\nJune 30,\nJune 30,\n                                                            2026                 2025          2026                2025\n\n GAAP Operating income                                      237                  2,217         2,322               1,127\n Stock-based compensation expenses                          1,755                1,549         2,647               2,199\n Amortization of acquired intangible assets                 642                  726           1,284               1,453\n Restructuring and related charges                          1,120                -             1,660               3,732\n Acquisition- and integration-related charges               233                  229           233                 704\n Non-GAAP Operating income                                  3,987                4,721         8,146               9,215\n\n GAAP Financial and other expenses, net                     1,663                2,896         4,519               1,906\n Leases – financial income (expenses)                       (22)                 (1,233)       4                   (1,138)\n Non-cash revaluation associated with business combination  (28)                 16            (37)                1,948\n Non-GAAP Financial and other expenses, net                 1,613                1,679         4,486               2,716\n\n GAAP Tax expenses                                          665                  588           1,237               1,468\n Non-GAAP Tax expenses                                      665                  588           1,237               1,468\n\n GAAP Net income (loss)                                     (2,091)              (1,267)       (3,434)             (2,247)\n Stock-based compensation expenses                          1,755                1,549         2,647               2,199\n Amortization of acquired intangible assets                 642                  726           1,284               1,453\n Restructuring and related charges                          1,120                -             1,660               3,732\n Acquisition- and integration-related charges               233                  229           233                 704\n Leases – financial expenses (income)                       22                   1,233         (4)                 1,138\n Non-cash revaluation associated with business combination  28                   (16)          37                  (1,948)\n Non-GAAP Net income                                        1,709                2,454         2,423               5,031\n GAAP basic net income (loss) per share                     (0.02)               (0.01)        (0.04)              (0.03)\n GAAP diluted net income (loss) per share                   (0.02)               (0.01)        (0.04)              (0.03)\n Non-GAAP Diluted net income per share                      0.02                 0.03          0.03                0.06\n Weighted average number of shares used in                  91,033,749           89,470,719    90,872,376          89,108,772\n computing GAAP basic net income (loss) per share\n Weighted average number of shares used in                  91,033,749           89,470,719    90,872,376          89,108,772\n computing GAAP diluted net income (loss) per share\n Weighted average number of shares used in                  93,529,521           91,245,422    93,120,527          91,381,985\n computing Non-GAAP diluted net income per share\n\n \n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ceragon-reports-2026-second-quarter-financial-results-302848255.html\n(https://www.prnewswire.com/news-releases/ceragon-reports-2026-second-quarter-financial-results-302848255.html)\n\nSOURCE Ceragon Networks Ltd.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1313928/Ceragon-Networks-Ltd-Logo.jpg?id=OA2851565\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn8Vd50Da","title":"Ceragon Reports 2026 Second Quarter Financial Results","author":"PR Newswire","ticker":"CRNT","created":"2026-08-11T11:00:13.127Z","tickers":["CRNT"],"exchange":"NASDAQ","article_body":"Ceragon Reports 2026 Second Quarter Financial Results\n\nPR Newswire\n\nROSH HA'AIN, Israel, Aug. 11, 2026\n\nStrong demand in India drives 14% year-over-year revenue growth\n\nROSH HA'AIN, Israel, Aug. 11, 2026 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a\nleading solutions provider of end-to-end wireless connectivity, today reported\nits financial results for the second quarter period ended June 30, 2026.\n\nQ2 2026 Financial Highlights:\n\n * Revenues of $93.9 million\n * GAAP Operating income of $0.2 million, non-GAAP operating income of $4.0\nmillion\n * GAAP Net loss of $2.1 million, non-GAAP net income of $1.7 million\n * GAAP EPS of ($0.02) per diluted share, non-GAAP EPS of $0.02 per diluted share\nQ2 2026 Business Highlights:\n\n * India – Sequentially higher revenue and strong bookings (approximately $120\nmillion in announced year-to-date bookings in July) have increased visibility\nfor the remainder of 2026; notable interest in E-band solutions\n * North America – Demand remained robust with record quarterly bookings in\nprivate networks\nCEO Doron Arazi commented: \"Our second quarter reflects the benefits of the\nstrategy we've been executing over the past several years. Demand remains\nhealthy across multiple end markets, and we're seeing momentum from both our\ntraditional carrier business and newer growth areas such as private networks\nand managed services. Just as importantly, the quality of our opportunities\nand customer engagement, gives us confidence in the outlook for the balance of\nthe year, as described below.\"\n\n\"Customer demand remains healthy, and our competitive position continues to\nimprove, despite near-term industry-wide cost and supply chain pressures,\"\ncontinued Mr. Arazi. \"Our E-band solutions are generating particular interest\nfrom customers and represent a strong competitive differentiator. Our recent\nfield trial success with our 5G FR2 (mmWave) product for a new Tier 1 North\nAmerican carrier points to our continued innovation that drives increased\ndemand for our technology. Strong bookings and growing interest from new and\nexisting customers reinforce our confidence in Ceragon's technology,\ninnovation roadmap, and long-term growth prospects.\"\n\nPrimary Second Quarter 2026 Financial Results:\n\nRevenues were $93.9 million, up 14.2% from $82.3 million in Q2 2025.\n\nGross profit was $29.7 million, or a gross margin of 31.7%, compared to gross\nmargin of 34.6% in Q2 2025.\n\nGAAP Operating income was $0.2 million compared with $2.2 million for Q2\n2025.\n\nGAAP Net income (loss) was ($2.1) million, or ($0.02) per diluted share,\ncompared with ($1.3) million, or ($0.01) per diluted share for Q2 2025.\n\nNon-GAAP results were as follows: Gross margin was 32.2%, operating profit was\n$4.0 million, and net income was $1.7 million, or $0.02 per diluted share.\n\nBalance Sheet\n\nCash and cash equivalents were $34.8 million on June 30, 2026, compared to\n$38.4 million on December 31, 2025.\n\nFor a reconciliation of GAAP to non-GAAP results, see the attached tables.\n\nRevenue Breakout by Geography:\n                Q2 2026\n India          48 %\n North America  22 %\n EMEA           13 %\n Latin America  9 %\n APAC           8 %\n\nOutlook\n\nManagement updated its 2026 outlook as follows:\n\n * Revenue of $355 million to $385 million\n * Non-GAAP gross margin is expected to be between 33.5% - 34.5% vs. 35.5%\npreviously at the midpoint of the provided revenue guidance range\n * Non-GAAP operating margin is expected to be between 5% - 6% vs. 6.5% - 7.5%\npreviously at the midpoint of the provided revenue guidance range.\nConference Call\n\nThe Company will hold a Zoom webcast today at 8:30 a.m. ET to review the\nresults, followed by a Q&A session.\n\nInvestors are invited to register by clicking here.\n(https://get-events.zoom.us/webinar/register/WN_D9HX2pp3QkCpvTjNkYJHIQ#/) All\nrelevant access details will be provided upon registration.\n\nFor investors unable to join the live call, a replay will be available on the\nCompany's website at www.ceragon.com (http://www.ceragon.com/)\n\nAbout Ceragon\n\nCeragon (NASDAQ: CRNT) is the global innovator and leading solutions provider\nof end-to-end wireless connectivity, specializing in transport, access, and\nAI-powered managed & professional services. Through our commitment to\nexcellence, we empower customers to elevate operational efficiency and enrich\nthe quality of experience for their end users.\n\nOur customers include service providers, utilities, public safety\norganizations, government agencies, energy companies, and more who rely on our\nwireless expertise and cutting-edge solutions for 5G & 4G broadband\nwireless connectivity, mission-critical services, and an array of applications\nthat harness our ultra-high reliability and speed. Ceragon solutions are\ndeployed by more than 600 service providers, as well as more than 1,600\nprivate network owners, in more than 130 countries. Through our innovative,\nend-to-end solutions, covering hardware, software, and managed &\nprofessional services, we enable our customers to embrace the future of\nwireless technology with confidence, shaping the next generation of\nconnectivity and service delivery. Ceragon delivers extremely reliable,\nfast-to-deploy, high-capacity wireless solutions for a wide range of\ncommunication network use cases, optimized to lower TCO through minimal use of\nspectrum, power, real estate, and labor resources – driving simple, quick,\nand cost-effective network modernization and positioning Ceragon as a leading\nsolutions provider for the \"connectivity everywhere\" era.\n\nFor more information please visit: www.ceragon.com (http://www.ceragon.com/)\n\nCeragon Networks® and FibeAir® are registered trademarks of Ceragon Networks\nLtd. in the United States and other countries. CERAGON ® is a trademark of\nCeragon, registered in various countries. Other names mentioned are owned by\ntheir respective holders.\n\nSafe Harbor\n\nThis press release contains statements that constitute \"forward-looking\nstatements\" within the meaning of the Securities Act of 1933, as amended and\nthe Securities Exchange Act of 1934, as amended, and the safe-harbor\nprovisions of the Private Securities Litigation Reform Act of 1995. Such\nforward-looking statements are based on the current beliefs, expectations and\nassumptions of Ceragon's management about Ceragon's business, financial\ncondition, results of operations, micro and macro market trends and other\nissues addressed or reflected therein. Examples of forward-looking statements\ninclude, but are not limited to, statements regarding: projections of demand,\nrevenues, net income, gross margin, capital expenditures and liquidity,\ncompetitive pressures, order timing, supply chain and shipping, components\navailability; growth prospects, product development, financial resources, cost\nsavings and other financial and market matters. You may identify these and\nother forward-looking statements by the use of words such as \"may\", \"plans\",\n\"anticipates\", \"believes\", \"estimates\", \"targets\", \"expects\", \"intends\",\n\"potential\" or the negative of such terms, or other comparable terminology,\nalthough not all forward-looking statements contain these identifying words.\n\nAlthough we believe that the projections reflected in such forward-looking\nstatements are based upon reasonable assumptions, we can give no assurance\nthat our expectations will be obtained or that any deviations there from will\nnot be material. Such forward-looking statements involve known and unknown\nrisks and uncertainties that may cause Ceragon's future results or performance\nto differ materially from those anticipated, expressed or implied by such\nforward-looking statements. These risks and uncertainties include, but are not\nlimited to: Company's forward-looking forecasts, with respect to which there\nis no assurance that such forecasts will materialize; Company's ability to\nfuture plan, business, marketing and product strategies on the forecasted\nevolution of the market developments, such as market and territory trends,\nfuture use cases, business concepts, technologies, future demand, and\nnecessary inventory levels; the effects of fluctuations in currency exchange\nrates between the currencies in which we operate; risks relating to the\nconversion of the orders from customers into revenues; the effects of global\neconomic trends, including recession, rising inflation, rising interest rates,\ncommodity price increases and fluctuations, commodity shortages and exposure\nto economic slowdown; risks related to conditions in Israel and the\ncontinuation of hostilities in the Middle East; risks associated with delays\nin the transition to 5G technologies and in the 5G rollout; risks relating to\nthe concentration of our business on a limited number of large mobile\noperators and the fact that the significant weight of their ordering, compared\nto the overall ordering by other customers, coupled with inconsistent ordering\npatterns, could negatively affect us; risks resulting from the volatility in\nour revenues, margins and working capital needs; disagreements with tax\nauthorities regarding tax positions that we have taken could result in\nincreased tax liabilities;  the high volatility in the supply needs of our\ncustomers, which from time to time lead to delivery issues and may lead to us\nbeing unable to timely fulfil our customer commitments;  and such other\nrisks, uncertainties and other factors that could affect our results of\noperations, as further detailed in Ceragon's most recent Annual Report on Form\n20-F, as published on April 15, 2026, as well as other documents that may be\nsubsequently filed by Ceragon from time to time with the Securities and\nExchange Commission.\n\nWe caution you not to place undue reliance on forward-looking statements,\nwhich speak only as of the date hereof. Ceragon does not assume any obligation\nto update any forward-looking statements in order to reflect events or\ncircumstances that may arise after the date of this release unless required by\nlaw.\n\nWhile we believe that we have a reasonable basis for each forward-looking\nstatement contained in this press release, we caution you that these\nstatements are based on a combination of facts and factors currently known by\nus and our projections on the future, about which we cannot be certain. In\naddition, any forward-looking statements represent Ceragon's views only as of\nthe date of this press release and should not be relied upon as representing\nits views as of any subsequent date. Ceragon does not assume any obligation to\nupdate any forward-looking statements unless required by law.\n\nThe results reported in this press-release are preliminary and unaudited\nresults, and investors should be aware of possible discrepancies between these\nresults and the audited results to be reported, due to various factors.\n\nCeragon's public filings are available on the Securities and Exchange\nCommission's website at www.sec.gov (http://www.sec.gov/)  and may also be\nobtained from Ceragon's website at www.ceragon.com (http://www.ceragon.com/) .\n\nInvestor Contact:\nRob Fink\nFNK IR\nTel. +1-646-809-4048\ncrnt@fnkir.com (mailto:crnt@fnkir.com)\n\nJoey Delahoussaye\nFNK IR\nTel. +1-312-809-1087\ncrnt@fnkir.com (mailto:crnt@fnkir.com)\n\n \n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS\n (U.S. dollars in thousands, except share and per share data)\n                                                 Three months ended                    Six months ended\n                                                 June 30,                              June 30,\n                                                 2026              2025                2026                2025\n\n Revenues                                        93,914            82,262              178,917             170,914\n Cost of revenues                                64,187            53,822              119,114             113,375\n\n Gross profit                                    29,727            28,440              59,803              57,539\n\n Operating expenses:\n    Research and development, net                8,405             7,332               16,346              15,581\n Sales and Marketing                             12,909            11,722              26,899              24,019\n General and administrative                      6,823             6,940               12,343              12,376\n Restructuring and related charges               1,120             -                   1,660               3,732\n Acquisition- and integration-related charges    233               229                 233                 704\n\n Total operating expenses                        29,490            26,223              57,481              56,412\n\n Operating income                                237               2,217               2,322               1,127\n\n Financial and other expenses, net               1,663             2,896               4,519               1,906\n\n Income (loss) before taxes                      (1,426)           (679)               (2,197)             (779)\n\n Taxes on income                                 665               588                 1,237               1,468\n\n Net income (loss)                               (2,091)           (1,267)             (3,434)             (2,247)\n\n Basic net income (loss) per share\n\n(0.02)\n(0.01)\n(0.04)\n(0.03)\n Diluted net income (loss) per share\n\n(0.02)\n(0.01)\n(0.04)\n(0.03)\n\n Weighted average number of shares used in       91,033,749        89,470,719          90,872,376          89,108,772\n computing basic net income (loss) per share\n Weighted average number of shares used in       91,033,749        89,470,719          90,872,376          89,108,77\n computing diluted net income (loss) per share\n\n \n CONDENSED CONSOLIDATED BALANCE SHEETS\n (U.S. dollars in thousands)\n                                                 June 30,     December 31,\n                                                 2026         2025\n ASSETS\n CURRENT ASSETS:\n Cash and cash equivalents                       34,771       38,368\n Trade receivables, net                          101,283      99,673\n Inventories                                     59,459       61,587\n Other accounts receivable and prepaid expenses  24,564       25,576\n\n Total current assets                            220,077      225,204\n\n NON-CURRENT ASSETS:\n Severance pay and pension fund                  430          362\n Property and equipment, net                     41,065       39,952\n Operating lease right-of-use assets             16,003       16,554\n Intangible assets, net                          24,525       23,182\n Goodwill                                        11,007       11,007\n Other non-current assets                        669          781\n\n Total non-current assets                        93,699       91,838\n\n Total assets                                    313,776      317,042\n LIABILITIES AND SHAREHOLDERS' EQUITY\n CURRENT LIABILITIES:\n Trade payables                                  74,173       70,784\n Deferred revenues                               1,300        2,371\n Short-term loans                                12,004       19,000\n Operating lease liabilities                     4,061        4,001\n Other accounts payable and accrued expenses     27,251       24,071\n\n Total current liabilities                       118,789      120,227\n\n LONG-TERM LIABILITIES:\n Accrued severance pay and pension               2,557        2,537\n Operating lease liabilities                     12,715       13,331\n Other long-term payables                        7,665        8,195\n\n Total long-term liabilities                     22,937       24,063\n\n SHAREHOLDERS' EQUITY:\n Share capital                                   234          234\n Additional paid-in capital                      457,690      454,640\n Treasury shares at cost                         (20,091)     (20,091)\n Accumulated other comprehensive loss            (9,134)      (8,816)\n Accumulated deficit                             (256,649)    (253,215)\n\n Total shareholders' equity                      172,050      172,752\n\n Total liabilities and shareholders' equity      313,776      317,042\n\n \n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW\n (U.S. dollars, in thousands)\n                                                         Three months ended            Six months ended\n\nJune 30,\nJune 30,\n                                                         2026              2025        2026             2025\n Cash flow from operating activities:\n Net income (loss)                                       (2,091)           (1,267)     (3,434)          (2,247)\n Adjustments to reconcile net income (loss) to net\n cash provided by operating activities:\n Depreciation and amortization                           3,471             3,632       6,905            6,964\n Loss from sale of property and equipment, net           52                -           122              10\n Stock-based compensation expense                        1,755             1,549       2,647            2,199\n Decrease (increase) in accrued severance pay and        (85)              30          (48)             77\n pensions, net\n Decrease (increase) in trade receivables, net           (6,838)           21,778      (1,537)          28,162\n Decrease (increase) in other assets (including other    (461)             (1,179)     755              (2,319)\n accounts receivable, prepaid expenses, other non-\n current assets, and the effect of exchange rate\n changes on cash and cash equivalents)\n Decrease (increase) in inventory                        (2,269)           2,206       1,561            127\n Decrease in operating lease right-of-use assets         1,182             1,323       2,135            2,054\n Increase (decrease) in trade payables                   9,255             (13,961)    3,081            (18,045)\n Increase (decrease) in other accounts payable and       3,666             (3,285)     2,620            (2,531)\n accrued expenses (including other long-term payables)\n Decrease in operating lease liability                   (1,161)           (90)        (2,140)          (915)\n Increase (decrease) in deferred revenues                (1,410)           26          (1,071)          (164)\n Net cash provided by operating activities               5,066             10,762      11,596           13,372\n\n Cash flow from investing activities:\n Purchases of property and equipment                     (3,322)           (3,957)     (5,597)          (7,426)\n Software development costs capitalized                  (1,451)           (1,173)     (2,921)          (1,711)\n Payments made in connection with business               -                 -           -                (6,570)\n acquisitions, net of acquired cash\n Net cash used in investing activities                   (4,773)           (5,130)     (8,518)          (15,707)\n\n Cash flow from financing activities:\n Proceeds from exercise of stock options                 267               143         276              651\n Repayments of bank credits and loans, net               (5,096)           (4,700)     (6,996)          (4,700)\n Net cash used in financing activities                   (4,829)           (4,557)     (6,720)          (4,049)\n\n Effect of exchange rate changes on cash and cash        143               453         45               289\n equivalents\n\n Increase (decrease) in cash and cash equivalents        (4,393)           1,528       (3,597)          (6,095)\n Cash and cash equivalents at the beginning of the       39,164            27,688      38,368           35,311\n period\n Cash and cash equivalents at the end of the period      34,771            29,216      34,771           29,216\n\n \n RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS\n (U.S. dollars in thousands, except share and per share data)\n                                                        Three months ended           Six months ended\n\nJune 30,\nJune 30,\n                                                        2026              2025       2026             2025\n GAAP cost of revenues                                  64,187            53,822     119,114          113,375\n Stock-based compensation expenses                      (108)             (81)       (239)            (189)\n Amortization of acquired intangible assets             (422)             (451)      (844)            (956)\n Non-GAAP cost of revenues                              63,657            53,290     118,031          112,230\n\n GAAP gross profit                                      29,727            28,440     59,803           57,539\n Stock-based compensation expenses                      108               81         239              189\n Amortization of acquired intangible assets             422               451        844              956\n Non-GAAP gross profit                                  30,257            28,972     60,886           58,684\n\n GAAP Research and development expenses                 8,405             7,332      16,346           15,581\n Stock-based compensation expenses                      (217)             (123)      (408)            (278)\n Non-GAAP Research and development expenses             8,188             7,209      15,938           15,303\n\n GAAP Sales and marketing expenses                      12,909            11,722     26,899           24,019\n Stock-based compensation expenses                      (350)             (330)      (690)            (640)\n Amortization of acquired intangible assets             (220)             (275)      (440)            (497)\n Non-GAAP Sales and marketing expenses                  12,339            11,117     25,769           22,882\n\n GAAP General and administrative expenses               6,823             6,940      12,343           12,376\n Stock-based compensation expenses                      (1,080)           (1,015)    (1,310)          (1,092)\n Non-GAAP General and administrative expenses           5,743             5,925      11,033           11,284\n\n GAAP Restructuring and related charges                 1,120             -          1,660            3,732\n Restructuring and related charges                      (1,120)           -          (1,660)          (3,732)\n Non-GAAP Restructuring and related charges             -                 -          -                -\n\n GAAP Acquisition- and integration-related charges      233               229        233              704\n Acquisition- and integration-related charges           (233)             (229)      (233)            (704)\n Non-GAAP Acquisition- and integration-related charges  -                 -          -                -\n\n \n RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS\n (U.S. dollars in thousands, except share and per share data)\n                                                            Three months ended                 Six months ended\n\nJune 30,\nJune 30,\n                                                            2026                 2025          2026                2025\n\n GAAP Operating income                                      237                  2,217         2,322               1,127\n Stock-based compensation expenses                          1,755                1,549         2,647               2,199\n Amortization of acquired intangible assets                 642                  726           1,284               1,453\n Restructuring and related charges                          1,120                -             1,660               3,732\n Acquisition- and integration-related charges               233                  229           233                 704\n Non-GAAP Operating income                                  3,987                4,721         8,146               9,215\n\n GAAP Financial and other expenses, net                     1,663                2,896         4,519               1,906\n Leases – financial income (expenses)                       (22)                 (1,233)       4                   (1,138)\n Non-cash revaluation associated with business combination  (28)                 16            (37)                1,948\n Non-GAAP Financial and other expenses, net                 1,613                1,679         4,486               2,716\n\n GAAP Tax expenses                                          665                  588           1,237               1,468\n Non-GAAP Tax expenses                                      665                  588           1,237               1,468\n\n GAAP Net income (loss)                                     (2,091)              (1,267)       (3,434)             (2,247)\n Stock-based compensation expenses                          1,755                1,549         2,647               2,199\n Amortization of acquired intangible assets                 642                  726           1,284               1,453\n Restructuring and related charges                          1,120                -             1,660               3,732\n Acquisition- and integration-related charges               233                  229           233                 704\n Leases – financial expenses (income)                       22                   1,233         (4)                 1,138\n Non-cash revaluation associated with business combination  28                   (16)          37                  (1,948)\n Non-GAAP Net income                                        1,709                2,454         2,423               5,031\n GAAP basic net income (loss) per share                     (0.02)               (0.01)        (0.04)              (0.03)\n GAAP diluted net income (loss) per share                   (0.02)               (0.01)        (0.04)              (0.03)\n Non-GAAP Diluted net income per share                      0.02                 0.03          0.03                0.06\n Weighted average number of shares used in                  91,033,749           89,470,719    90,872,376          89,108,772\n computing GAAP basic net income (loss) per share\n Weighted average number of shares used in                  91,033,749           89,470,719    90,872,376          89,108,772\n computing GAAP diluted net income (loss) per share\n Weighted average number of shares used in                  93,529,521           91,245,422    93,120,527          91,381,985\n computing Non-GAAP diluted net income per share\n\n \n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ceragon-reports-2026-second-quarter-financial-results-302848255.html\n(https://www.prnewswire.com/news-releases/ceragon-reports-2026-second-quarter-financial-results-302848255.html)\n\nSOURCE Ceragon Networks Ltd.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1313928/Ceragon-Networks-Ltd-Logo.jpg?id=OA2851565\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-11T11:00:14.508937407Z","server_sent_at_ms":1786446014508},"received_at":"2026-08-11T11:00:14.683Z","source_url":"https://www.prnewswire.com/news-releases/ceragon-reports-2026-second-quarter-financial-results-302848255.html"},"analysis":{"id":"104153","press_release_id":"115157","analysis_json":{"industry":{"label":"Communications Equipment","sector":"Information Technology"},"redFlags":["GAAP operating income declined 91% YoY to $0.2 million","FY26 non-GAAP gross margin guidance lowered to 33.5%-34.5% from 35.5%","FY26 non-GAAP operating margin guidance lowered to 5%-6% from 6.5%-7.5%","Cash position decreased from $38.4 million to $34.8 million since year-end"],"eventType":"earnings","narrative":"Ceragon reported Q2 2026 revenue of $93.9 million, up 14.2% year-over-year, driven by strong demand in India and record quarterly bookings in North America.\n\nDespite the top-line growth, GAAP operating income fell to $0.2 million from $2.2 million in the prior year, while non-GAAP operating income was $4.0 million.\n\nThe company updated its full-year 2026 outlook for revenue of $355 million to $385 million but lowered non-GAAP gross and operating margin expectations due to cost pressures.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"14% top-line growth driven by India and North America offsets margin pressure and lowers full-year margin outlook."},"keyFigures":{"revenue":93900000,"guidance":"FY26 Revenue $355M-$385M; Non-GAAP Gross Margin 33.5%-34.5%; Non-GAAP Op Margin 5%-6%","revenueYoy":"14.2%","customDimensions":{"cash_balance":34800000,"non_gaap_eps":0.02,"gross_margin_gaap":"31.7%","gross_margin_non_gaap":"32.2%","bookings_india_ytd_july":"$120 million","non_gaap_operating_income":4000000}},"quotedText":"Our second quarter reflects the benefits of the strategy we've been executing over the past several years.","namedEntities":{"people":[{"name":"Doron Arazi","role":"CEO"},{"name":"Rob Fink","role":"Investor Contact"},{"name":"Joey Delahoussaye","role":"Investor Contact"}],"products":["E-band solutions","5G FR2 (mmWave)","FibeAir"],"companies":[{"name":"Ceragon","ticker":"CRNT"}],"dollarAmounts":[{"amount":"$93.9 million","context":"Q2 2026 Revenues"},{"amount":"$0.2 million","context":"Q2 2026 GAAP Operating income"},{"amount":"$4.0 million","context":"Q2 2026 non-GAAP operating income"},{"amount":"$2.1 million","context":"Q2 2026 GAAP Net loss"},{"amount":"$1.7 million","context":"Q2 2026 non-GAAP net income"},{"amount":"$120 million","context":"India year-to-date bookings in July"},{"amount":"$34.8 million","context":"Cash and cash equivalents"}]},"materialImpact":{"score":3,"reasoning":"Revenue growth of 14.2% year-over-year is strong, driven by robust bookings in India and North America. However, GAAP operating income declined significantly and full-year margin guidance was lowered, which tempers the positive impact."},"tickerRelevance":{"others":[],"primary":"CRNT"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"earnings-mixed","sectorWeight":"IT"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"Ceragon reported Q2 2026 revenue of $93.9 million, up 14.2% year-over-year, driven by strong demand in India and record quarterly bookings in North America.\n\nDespite the top-line growth, GAAP operating income fell to $0.2 million from $2.2 million in the prior year, while non-GAAP operating income was $4.0 million.\n\nThe company updated its full-year 2026 outlook for revenue of $355 million to $385 million but lowered non-GAAP gross and operating margin expectations due to cost pressures.","key_figures":{"revenue":93900000,"guidance":"FY26 Revenue $355M-$385M; Non-GAAP Gross Margin 33.5%-34.5%; Non-GAAP Op Margin 5%-6%","revenueYoy":"14.2%","customDimensions":{"cash_balance":34800000,"non_gaap_eps":0.02,"gross_margin_gaap":"31.7%","gross_margin_non_gaap":"32.2%","bookings_india_ytd_july":"$120 million","non_gaap_operating_income":4000000}},"named_entities":{"people":[{"name":"Doron Arazi","role":"CEO"},{"name":"Rob Fink","role":"Investor Contact"},{"name":"Joey Delahoussaye","role":"Investor Contact"}],"products":["E-band solutions","5G FR2 (mmWave)","FibeAir"],"companies":[{"name":"Ceragon","ticker":"CRNT"}],"dollarAmounts":[{"amount":"$93.9 million","context":"Q2 2026 Revenues"},{"amount":"$0.2 million","context":"Q2 2026 GAAP Operating income"},{"amount":"$4.0 million","context":"Q2 2026 non-GAAP operating income"},{"amount":"$2.1 million","context":"Q2 2026 GAAP Net loss"},{"amount":"$1.7 million","context":"Q2 2026 non-GAAP net income"},{"amount":"$120 million","context":"India year-to-date bookings in July"},{"amount":"$34.8 million","context":"Cash and cash equivalents"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-11T12:33:24.990Z","global_importance":20,"audience_relevance":25,"importance_components":{"tickerTier":"small-cap","eventGravity":"earnings-mixed","sectorWeight":"IT"}},"durationMs":341373,"modelName":"glm-4.7"}}