CERAGON NETWORKS LTD (CRNT) SEC Filings

Ceragon Networks Ltd. reported unaudited results for the six months ended June 30, 2026. Revenues were $178.9 million, up from $170.9 million, with growth led by India at $75.0 million and North America at $52.2 million, while EMEA, Latin America and APAC declined.

Gross profit rose to $59.8 million but the gross margin edged down to 33.4% from 33.7% due to product and geographic mix and cost increases. Operating income improved to $2.3 million. However, financial and other expenses increased to $4.5 million, mainly from mark-to-market revaluation of acquisition-related holdback liabilities and higher foreign exchange losses, resulting in a net loss of $3.4 million versus $2.2 million a year earlier.

Ceragon generated $11.6 million of operating cash flow, ended the period with $34.8 million in cash and cash equivalents, and used $8.5 million for investing activities and $6.7 million for financing activities. The company amended and extended its syndicated Credit Facility, maintaining $77 million of loan capacity and total facilities of $97 million, now maturing August 31, 2028, and was in compliance with all financial covenants.

Ceragon Networks reported Q2 2026 results showing higher sales but weaker profitability. Revenues were $93.9 million, up 14.2% from $82.3 million in Q2 2025, driven largely by India, which represented 48% of quarterly revenue. North America contributed 22%, with the balance from EMEA, Latin America, and APAC.

GAAP gross margin was 31.7%, down from 34.6% a year earlier, reflecting cost and supply-chain pressures. GAAP operating income was $0.2 million versus $2.2 million, and Ceragon posted a GAAP net loss of $2.1 million, or $0.02 per diluted share, compared with a $1.3 million loss, or $0.01 per share, in Q2 2025. On a non-GAAP basis, operating income was $4.0 million and net income was $1.7 million, or $0.02 per diluted share.

Cash flow from operations was $5.1 million in Q2 2026. Cash and cash equivalents were $34.8 million as of June 30, 2026, compared with $38.4 million at December 31, 2025. Short-term loans declined to $12.0 million from $19.0 million, while total shareholders’ equity was $172.1 million. Management highlighted strong demand, particularly for E-band and 5G FR2 solutions, and reiterated confidence in its long-term growth prospects.

Ceragon Networks Ltd. plans to release financial results for the second quarter ended June 30, 2026 on Tuesday, August 11, 2026, before the market opens. This follows its practice as a foreign private issuer listed on Nasdaq.

Management will host a Zoom webcast at 8:30 a.m. ET on August 11, 2026 to review the results and hold a Q&A session. Investors can register online, and a replay will be available through Ceragon’s website. Ceragon describes itself as a global provider of end-to-end wireless connectivity solutions, serving hundreds of service providers and private network owners in more than 130 countries.

Ceragon Networks Ltd. reports it has received and booked approximately $120 million in orders year-to-date from mobile operators in India in just over six months of 2026. This compares with approximately $86 million of bookings announced in May, indicating continued strong demand from two leading Indian operators.

The orders support expansion and modernization of nationwide 4G and 5G transport networks and Fixed Wireless Access deployments, using Ceragon’s microwave and millimeter wave platforms such as IP-50EXA and IP-50CX. Management states that these bookings deepen long-standing relationships with India’s telecommunications providers and improve visibility into 2026 in what it describes as a key strategic growth market.

Ceragon Networks Ltd. highlighted continued momentum in its private networks business, with Q2 2026 customer projects booked totaling more than $10 million across public safety, utilities, and smart cities. The activity reflects growing demand from critical infrastructure operators modernizing communications for automation, visibility, and operational continuity.

Projects include an 11-site Next Generation 9-1-1 upgrade in Clermont County, Ohio, modernization of a P25 public safety network in the U.S. Pacific Northwest, and a Latin American metropolitan emergency network using consulting, optimization, and millimeter-wave services. Utility wins cover Fault Detection, Isolation, and Restoration across more than 1,000 assets for a leading U.S. electric utility, additional microwave upgrades for a U.S. utility cooperative, and a California municipal public Wi‑Fi project. Ceragon states its wireless solutions are deployed by more than 600 service providers and 1,600 private network owners in over 130 countries.

Ceragon Networks Ltd. reports that a long-standing Tier-1 APAC mobile operator has awarded a new five-year agreement valued at approximately USD $70 million. Ceragon will continue supplying wireless transport solutions and services to support the operator’s nationwide 4G and 5G transport network expansion and modernization.

The agreement covers deployment of Ceragon technologies including IP-50CX, IP-50GP, and E-band products IP-50E, IP-50EX, and IP-50EXP, as well as dedicated technical support and potential expansion of managed services using Ceragon Insight network monitoring software. Ceragon highlights its broader presence, with solutions deployed by more than 600 service providers and more than 1,600 private network owners in over 130 countries.

Ceragon Networks Ltd. has been awarded a new two-year $3.4 million managed services contract with a major mobile operator in Mexico. The agreement provides SLA-based support for a large multivendor network of about 2,290 links, including 24/7/365 technical support, corrective maintenance, emergency response, spare-parts logistics, and local refurbishment services.

The contract is structured to consolidate multiple service arrangements into a single agreement intended to improve operational efficiency, response times, inventory visibility, and repair cycles. It follows a previously announced two-year $2.7 million managed services contract with a major mobile operator in Colombia, underscoring continued engagement with a major multinational operator group in Latin America.

Ceragon Networks director Efrat Makov exercised stock options for 5,000 Ordinary Shares at $1.99 per share and, on the same June 12, 2026, sold 5,000 shares in an open-market trade at an average of $2.9943. After these transactions, she holds 58,950 Ordinary Shares directly and 11,666 remaining stock options, indicating a routine exercise-and-sell with essentially unchanged share ownership.

Ceragon Networks Ltd. submitted a Rule 144 notice to sell 5,000 ordinary shares acquired upon exercise of employee stock options, to be sold through Oppenheimer & Co. on 06/12/2026.

The filing lists a prior disposition of 6,667 ordinary shares on 05/22/2026 and states 88,392,925 shares outstanding as of 06/12/2026.