CRNT News & Events

Sees 2026 non-GAAP operating margin 6.5%-7.5% at the revenue guidance midpoint.

Reports Q4 revenue $82.3M, consensus $82.38M. CEO Doron Arazi, commented: "Our Q4 and full-year results are consistent with the preliminary results we shared in January. We remained profitable on a non-GAAP basis for both Q4 and full-year 2025 and had strong free cash flow in Q4. We delivered on what we communicated, strengthened our balance sheet, and exited the year with a significantly higher backlog in North America. Our outlook for 2026 remains unchanged, and we are reiterating our revenue guidance of $355M-$385M, which at the midpoint implies near double-digit growth based on the current environment."

Arazi continued: "We are entering 2026 with a clear strategy to drive growth and improve the consistency of our business. For 2026, we are guiding to revenue of $355 million to $385 million, supported by expanding opportunities in North America and India, continued traction in private networks, and new product introductions aligned with customer needs, inclusive of the shift of revenues by the large North American customer. In executing on our strategy, we are focused on building a more resilient, diversified and scalable growth profile. We believe the actions we have taken across product development, sales coverage, and geographic focus position us well for 2026."

Ceragon's CEO, Doron Arazi, commented: "During the fourth quarter, a large North American customer deferred scheduled deliveries that we now expect in 2026. We don't expect order cancellations related to this timing shift, and it increased our backlog exiting 2025. Bookings in the region remained strong during the quarter, and our backlog in North America nearly doubled compared to the end of 2024."