CERAGON NETWORKS LTD

Ceragon Networks reported Q1 2026 financial results with revenue of $85.0 million, a 4.1% decrease year-over-year. The company achieved GAAP operating income of $2.1 million and a GAAP net loss of $1.3 million, or ($0.01) per diluted share. Non-GAAP net income was $0.7 million, or $0.01 per diluted share. The company noted positive momentum, particularly in India, robust North American revenue, and expanding private network business, while reiterating its full-year 2026 guidance.

Ceragon Networks Ltd. announced its 2026 Annual General Meeting of Shareholders to be held on June 11, 2026, at 4:00 PM Israel time. Shareholders will vote on three key proposals: approving certain compensation terms for the CEO, renewing and amending the Executives & Directors Compensation Policy, and re-appointing Kost Forer Gabbay & Kasierer as the independent auditor. The Board unanimously recommends voting "FOR" all proposals. The record date for voting eligibility is May 13, 2026.

Ceragon Networks announced it has secured approximately $86 million in orders from operators in India year-to-date, reinforcing its confidence in the 2026 outlook. These orders, mainly from two leading Indian operators, include a record number of links from Ceragon's new IP-50EXA platform, supporting large-scale Fixed Wireless Access (FWA) expansion projects. The deployments leverage next-generation millimeter wave technology to deliver higher capacity and expand broadband coverage. Ceragon recognized $24 million of these bookings as revenue in the first quarter of 2026, with the majority of the remaining balance expected by year-end.