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Ceragon Networks
Ceragon Networks (CRNT) investor relations material
Ceragon Networks Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary17 Feb, 2026
Executive summary
Q4 2025 revenue was $82.3 million, reflecting a 23% year-over-year decline and aligning with prior guidance.
Full-year 2025 revenue reached $338.7 million, down 14.1% from 2024.
Non-GAAP net income for Q4 2025 was $1.4 million ($0.02 per share), down from $7.7 million ($0.09) in Q4 2024.
Net cash position improved to $19.4 million at year-end, up from $10.1 million in 2024.
North American backlog entering 2026 nearly doubled compared to the prior year.
Financial highlights
Q4 non-GAAP gross profit was $28.2 million, with a gross margin of 34.3%.
Q4 non-GAAP operating income was $3.4 million (4.2% margin), down from $12.2 million (11.4%) in Q4 2024.
Full-year non-GAAP net income was $8.2 million ($0.09 per share), down from $36.4 million ($0.41) in 2024.
Cash and cash equivalents at year-end 2025 were $38.4 million.
Operating cash flow for FY 2025 was $31.6 million, up from $26.2 million in 2024.
Outlook and guidance
2026 revenue guidance reiterated at $355–$385 million, implying near double-digit growth at midpoint.
Non-GAAP operating margin for 2026 projected between 6.5% and 7.5%.
Non-GAAP gross margin expected to improve by about 1 percentage point at the midpoint of the revenue range.
Management highlighted ongoing macroeconomic and geopolitical risks, including supply chain volatility and regional conflicts.
Second half of 2026 expected to be stronger than the first half, with regular Q1 seasonality anticipated.
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Next Ceragon Networks earnings date
Q1 20266 May, 2026
Ceragon Networks
Next Ceragon Networks earnings date
Q1 20266 May, 2026
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Frequently asked questions
Ceragon Networks Ltd. designs, develops, manufactures, markets and sells wireless backhaul solutions that enable cellular operators, public safety agencies and other wireless service providers to deliver voice and data services around the world. Ceragon’s wireless backhaul solutions utilize microwave technology operating in licensed frequency bands to transfer wireless network traffic from base stations or tower sites located at the edge of networks to a central location, such as switches and routers in the core network. Ceragon Networks Ltd. was incorporated in 1996 and is headquartered in Tel Aviv, Israel.
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