Ceragon Networks Reports Mixed Q1 2025 Results

Ceragon Networks Ltd. ( (CRNT) ) has released its Q1 earnings. Here is a breakdown of the information Ceragon Networks Ltd. presented to its investors.

Ceragon Networks Ltd. is a global leader in providing end-to-end wireless connectivity solutions, specializing in transport, access, and AI-powered managed services, catering to a diverse range of industries including telecommunications, utilities, and public safety.

Ceragon Networks has released its financial results for the first quarter of 2025, reporting revenues of $88.7 million, marking a slight year-over-year increase. The company highlighted its strongest bookings since the first quarter of 2024, driven by significant growth in markets such as India and North America.

The company’s financial performance in Q1 2025 showed a mixed picture. While revenues increased marginally, the operating income on a GAAP basis was a loss of $1.1 million, impacted by restructuring and acquisition-related expenses. However, on a non-GAAP basis, the company reported an operating profit of $4.5 million and a net income of $2.6 million. Notably, Ceragon’s strategic acquisition of E2E in North America contributed positively to its bookings, exceeding expectations.

Geographically, India accounted for the largest share of revenues at 48%, followed by North America at 20%. The company also saw a rebound in bookings in the EMEA region, particularly in Africa. Despite challenges, Ceragon remains committed to disciplined expense management while investing in long-term growth initiatives.

Looking ahead, Ceragon’s management maintains a positive outlook for 2025, with revenue projections between $390 million and $430 million. The company aims to achieve non-GAAP operating margins of at least 10% and anticipates growth in free cash flow, supported by its strategic initiatives and market expansion efforts.