Ceragon Provides Business Update

Core Insights - Ceragon expects fourth quarter revenue to be between $81 million and $83 million, impacted by a deferral of deliveries from a large North American customer into 2026 [1][2] - For 2026, Ceragon projects annual revenue between $355 million and $385 million, driven by growth opportunities in North America and India, as well as new product introductions [1][2] Financial Outlook - Fourth quarter revenue guidance is set at $81 to $83 million due to deferred deliveries [1] - 2026 revenue forecast is between $355 million and $385 million, indicating a strategic focus on growth and consistency [1][2] Customer and Market Dynamics - A large North American customer deferred scheduled deliveries, but no order cancellations are expected, leading to an increase in backlog [2] - Bookings in North America remained strong, with backlog nearly doubling compared to the end of 2024 [2] Strategic Initiatives - The company aims to build a more resilient and diversified growth profile through product development and geographic focus [2] - Ceragon is focusing on expanding opportunities in private networks and aligning new products with customer needs [2]