Israel's Ceragon Q3 revenue rises 11.7%, beats estimates
CRNT•Ceragon's preliminary third-quarter revenue rose 11.7% year over year to $95.52 million, above the $94.40 million consensus estimate, while operating income of $4.48 million missed expectations of $5.73 million. The company forecast 2026 revenue of $365 million to $375 million.
1. Quarterly results
Ceragon said preliminary third-quarter revenue rose 11.7% year over year to $95.52 million, beating analyst expectations of $94.40 million. Operating income was $4.48 million, below the $5.73 million consensus estimate; net income was $2.38 million and EPS was $0.03.
2. Revenue drivers and outlook
The company attributed revenue growth to demand from major operators in India and a sequential rebound in North America, helped by Tier 1 carrier demand and higher software mix. Improved revenue mix lifted gross margin by 430 basis points sequentially. Ceragon expects 2026 revenue of $365 million to $375 million, non-GAAP gross margin of 33.5% to 34.5%, and non-GAAP operating margin of 5% to 6% at the midpoint of revenue guidance.
