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Ceragon Networks (CRNT) investor relations material
Ceragon Networks Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $95.524M versus $85.484M a year earlier; non-GAAP operating margin was 8.5%, and non-GAAP diluted EPS was $0.07.
Renewed Tier 1 carrier demand in North America and healthy underlying demand in India supported growth, despite significant supply constraints.
Management sees profitable growth potential in 2027, supported by market-share opportunities, new technology and stronger regional demand.
Financial highlights
Non-GAAP gross profit was $34.790M versus $29.906M; non-GAAP gross margin was 36.4% versus 35.0%.
Non-GAAP operating income was $8.080M versus $5.3M; non-GAAP net income was $6.216M versus $1.735M.
GAAP gross profit was $34.3M and gross margin was 36.0%; GAAP operating income was $4.5M and net income was $2.4M, or $0.03 per diluted share.
Non-GAAP operating expenses included $2.1M of acquisition integration-related expense for strategic non-recurring activities.
Nine-month revenue was $274.4M versus $256.4M; non-GAAP operating income was $16.2M versus $14.5M, and non-GAAP net income was $8.6M versus $6.8M.
Outlook and guidance
FY 2026 revenue guidance remains $365M–$375M; the wide Q4 range reflects component supply issues, not demand.
At the revenue-guidance midpoint, non-GAAP gross margin guidance is 33.5%–34.5% and operating margin guidance is 5%–6%.
2027 planning is early, with a flat baseline and growth opportunities including North American contribution from the Cambium disruption.
India volumes are expected to be comparable in 2027 to 2026, with potential upside from modernization and a prospective Tier 1 RFP; EMEA is expected to grow significantly.
- Q4 revenue reached $90.359M as FY non-GAAP operating income set a $29.0M record.CRNT
Q4 2023 - Q2 2026 revenue grew 14% to $93.9M, led by India, with record bookings and margin pressure.CRNT
Q2 2026 - Q1 2026 revenue reached $85.0M with improved margins, but margin pressures remain.CRNT
Q1 2026 - Up to $250M in securities registered for global wireless and 5G network expansion.CRNT
Registration filing - 2025 results met guidance; 2026 outlook strong with new products, higher backlog, and improved cash flow.CRNT
Q4 2025 - 2026 revenue guidance is $355M–$385M, with backlog and private network growth driving optimism.CRNT
28th Annual Needham Growth Conference Virtual - Q3 2025 revenue was $85.5M, margin and cash flow improved, and 2026 growth is expected.CRNT
Q3 2025 - Q3 revenue up 17.7% YoY, led by record India results and robust private network growth.CRNT
Q3 2024 - Q2 revenue up 11.5% to $96.1M, with robust private network growth and 2024 outlook reaffirmed.CRNT
Q2 2024
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