Overview
- Quarterly revenue came in at $82.3 million, down 23% year over year, with non‑GAAP EPS of $0.02.
- Full‑year 2025 revenue totaled $338.7 million, with non‑GAAP EPS of $0.09 and Q4 free cash flow above $7 million.
- Ceragon ended 2025 with $38.4 million in cash and $19.4 million in net cash, helped by a $49.9 million reduction in trade receivables.
- North America ($32.3 million) and India ($24.7 million) led Q4 revenue, with early 2026 bookings supporting an India run rate near $100 million and two customers contributing over 10% each.
- Management maintained 2026 revenue guidance of $355 million–$385 million, targets roughly a 1‑point gross‑margin lift and 6.5%–7.5% operating margin, highlights private‑network wins and Siklu 60 GHz traction including a multimillion‑dollar APAC order, plans four product launches, and expects a stronger second half with mitigation for component and currency pressures.