Ceragon Networks Reports Q2 Earnings with Strong Revenue Growth in India
Ceragon Networks (CRNT) reported second-quarter revenue of $93.9 million, a year-over-year increase of 14.2%, driven by strong demand for 4G and 5G transport networks in India. The company's non-GAAP earnings per share were $0.02, maintaining profitability despite component cost inflation and supply chain disruptions. India contributed the most revenue at $45 million, while North America saw lower performance due to timing issues affecting Tier-1 carrier sales. Bookings reached a 10-year high in H1 2026, with India's year-to-date bookings reaching approximately $120 million from two major mobile operators. Ceragon revised its full-year revenue guidance downward to between $355 million and $385 million due to ongoing supply chain challenges. Gross margin is now expected at 33.5%–34.5%, down from previous estimates, with operating margins projected at 5%–6%. The company also secured a significant five-year contract in APAC worth up to $70 million.
Tickers: $CRNT
Topics: revenue_growth supply_chain telecom