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Ceragon Beats Earnings Expectations, India Demand Soars
13 Aug
Summary
- Ceragon exceeded Q2 earnings and revenue expectations.
- India drove 48% of Q2 revenue, with strong bookings reported.
- Company lowered 2026 guidance for margins and operating profit.
Ceragon Networks exceeded analyst expectations for its second quarter, reporting adjusted earnings per share of $0.02 and revenue of $93.9 million. This performance was significantly boosted by robust demand in India, which constituted 48% of the company's quarterly revenue. North America also contributed, representing an additional 22% of revenue.
The company achieved substantial bookings in India, totaling approximately $120 million year-to-date through July. Furthermore, Ceragon recorded its highest-ever quarterly bookings for private networks in North America, indicating growth beyond its traditional carrier business. CEO Doron Arazi noted the benefits of the company's ongoing strategy and healthy demand across various markets.
Despite the adjusted earnings beat, Ceragon incurred a GAAP net loss of $2.1 million for the quarter. Margins also saw a year-on-year decrease, with GAAP gross margin at 31.7% and adjusted gross margin at 32.2%. Looking ahead to fiscal 2026, Ceragon has revised its revenue outlook to $355 million-$385 million but has lowered its guidance for adjusted gross and operating margins.
