Ceragon Networks reports Q2 revenue of $93.9 million, EPS $0.02

Ceragon Networks (NASDAQ: CRNT ) released second-quarter financial results and hosted an earnings call on Tuesday.

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View the webcast at Summary Ceragon Networks Ltd reported Q2 2026 revenue of $93.9 million, a 14% increase year-over-year, with a non-GAAP EPS of $0.02.

Strong bookings in India and North America, with significant orders supporting 4G and 5G expansions, particularly from Indian operators.

Challenges persist in supply chain management, affecting component availability and cost pressures, leading to lowered gross margin guidance for 2026.

Strategic focus on expanding private network solutions and managed services, with notable contracts secured in Mexico and APAC.

Management remains optimistic about future growth, citing technological leadership and a robust pipeline of opportunities in both traditional and emerging markets.

Full Transcript OPERATOR Ladies and gentlemen, thank you for standing by and welcome to Ceragon Networks Ltd's second quarter 2026 earnings call.

Our presentation today will be followed by a question-and-answer session, at which time, if you wish to ask a question, you will need to raise your hand using your mobile or desktop application, or press star-9 on your telephone keypad and wait for your name to be announced.

I must advise you that this call is being recorded today.

I'd now like to hand over the call to our first speaker today, Rob Fink, Head of Investor Relations.

Rob, please go ahead.

Rob Fink, Head of Investor Relations Thank you, operator, and good morning everyone.

Hosting today's call are Doron Arazi, Ceragon Networks Ltd's Chief Executive Officer, and Ronen Stein, Chief Financial Officer.

Before we start, please note that today's discussion includes forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

These statements include, among other things, projected financial performance, future initiatives, business outlook, development efforts and anticipated results, timelines, and other matters.

Forward-looking statements are based on expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially.

These risks and uncertainties include, among others, global and regional economic conditions, conditions in Israel and the region, fluctuations in exchange rates, customer concentration, ordering patterns, supply chain challenges, and other matters further detailed in Ceragon Networks Ltd's most recent Annual Report on Form 20-F and other documents that are filed with the Securities and Exchange Commission.

Forward-looking statements are accurate only as of the date they are made and Ceragon Networks Ltd undertakes no obligation to update them.

Ceragon Networks Ltd's public filings are available on the Securities and Exchange Commission's website at SEC.gov and on Ceragon Networks Ltd's website at ceragon.com.

Also, today's call will include certain non-GAAP measures.

For a reconciliation between GAAP and non-GAAP results, please see the table attached to the press release that was issued earlier today, which is posted on the Investor Relations section of Ceragon Networks Ltd's website.

With that, I will now turn the call over to Doron.

Doron, the call is yours.

Doron Arazi, Chief Executive Officer Thank you, Rob, and good morning everyone.

Ceragon Networks Ltd delivered a strong second quarter as recently introduced technologies and solutions are creating a clear competitive advantage and driving demand in key markets, with particularly strong execution in India.

Revenue for the second quarter was $93.9 million, up 14% year over year, and non-GAAP EPS was $0.02.

Bookings in the second quarter reached their highest level since the first quarter of 2024.

Bookings and the book-to-bill ratio in the first half of 2026 represent the highest in the last 10 years for any first-half period.

This demonstrates the strong competitive position Ceragon Networks Ltd has established, especially in the faster-growing segments of our market.

Additionally, the recent changes in the competitive landscape are opening more opportunities for us.

We believe that two significant competitors are without visible technological continuity and may be observed as effectively out of the market, and the third competitor's future commitment to the market is uncertain.

Subsequently, customers are looking for an established technology leader like Ceragon Networks Ltd to fill the gap.

Given these dynamics, we are capturing more opportunities, engaging in RFPs with potential new customers, and being asked to bid on projects involving new use cases.