Exhibit A

Ceragon Reports 2026 Second Quarter Financial Results

Strong demand in India drives 14% year-over-year revenue growth
 
Rosh Ha'ain, Israel, August 11, 2026 -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the second quarter period ended June 30, 2026.
 
Q2 2026 Financial Highlights:


 •
Revenues of $93.9 million
 

 •
GAAP Operating income of $0.2 million, non-GAAP operating income of $4.0 million
 

 •
GAAP Net loss of $2.1 million, non-GAAP net income of $1.7 million
 

 •
GAAP EPS of ($0.02) per diluted share, non-GAAP EPS of $0.02 per diluted share
 
Q2 2026 Business Highlights:
 

 •
India – Sequentially higher revenue and strong bookings (approximately $120 million in announced year-to-date bookings in July) have increased visibility for the remainder of 2026; notable interest in E-band solutions

•
North America – Demand remained robust with record quarterly bookings in private networks

CEO Doron Arazi commented: “Our second quarter reflects the benefits of the strategy we've been executing over the past several years. Demand remains healthy across multiple end markets, and we're seeing momentum from both our traditional carrier business and newer growth areas such as private networks and managed services. Just as importantly, the quality of our opportunities and customer engagement, gives us confidence in the outlook for the balance of the year, as described below."

“Customer demand remains healthy, and our competitive position continues to improve, despite near-term industry-wide cost and supply chain pressures,” continued Mr. Arazi. “Our E-band solutions are generating particular interest from customers and represent a strong competitive differentiator. Our recent field trial success with our 5G FR2 (mmWave) product for a new Tier 1 North American carrier points to our continued innovation that drives increased demand for our technology. Strong bookings and growing interest from new and existing customers reinforce our confidence in Ceragon’s technology, innovation roadmap, and long-term growth prospects.”

Primary Second Quarter 2026 Financial Results:
 
Revenues were $93.9 million, up 14.2% from $82.3 million in Q2 2025.
 
Gross profit was $29.7 million, or a gross margin of 31.7%, compared to gross margin of 34.6% in Q2 2025.
 
GAAP Operating income was $0.2 million compared with $2.2 million for Q2 2025.
 
GAAP Net income (loss) was ($2.1) million, or ($0.02) per diluted share, compared with ($1.3) million, or ($0.01) per diluted share for Q2 2025.
 
Non-GAAP results were as follows: Gross margin was 32.2%, operating profit was $4.0 million, and net income was $1.7 million, or $0.02 per diluted share.
 
Balance Sheet
 
Cash and cash equivalents were $34.8 million on June 30, 2026, compared to $38.4 million on December 31, 2025.
 
For a reconciliation of GAAP to non-GAAP results, see the attached tables.


Revenue Breakout by Geography:

 
Q2 2026
India
48%
North America
22%
EMEA
13%
Latin America
9%
APAC
8%

Outlook

Management updated its 2026 outlook as follows:


 •
Revenue of $355 million to $385 million

•
Non-GAAP gross margin is expected to be between 33.5% - 34.5% vs. 35.5% previously at the midpoint of the provided revenue guidance range

•
Non-GAAP operating margin is expected to be between 5% - 6% vs. 6.5% - 7.5% previously at the midpoint of the provided revenue guidance range.

Conference Call

The Company will hold a Zoom webcast today at 8:30 a.m. ET to review the results, followed by a Q&A session.

Investors are invited to register by clicking here. All relevant access details will be provided upon registration.

For investors unable to join the live call, a replay will be available on the Company’s website at www.ceragon.com

About Ceragon
 
Ceragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users.

Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast-to-deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources – driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the “connectivity everywhere” era.
For more information please visit: www.ceragon.com

Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon, registered in various countries. Other names mentioned are owned by their respective holders.


Safe Harbor
 
This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon’s management about Ceragon’s business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability; growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.
 
Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations there from will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon’s future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: Company's forward-looking forecasts, with respect to which there is no assurance that such forecasts will materialize; Company's ability to future plan, business, marketing and product strategies on the forecasted evolution of the market developments, such as market and territory trends, future use cases, business concepts, technologies, future demand, and necessary inventory levels; the effects of fluctuations in currency exchange rates between the currencies in which we operate; risks relating to the conversion of the orders from customers into revenues; the effects of global economic trends, including recession, rising inflation, rising interest rates, commodity price increases and fluctuations, commodity shortages and exposure to economic slowdown; risks related to conditions in Israel and the continuation of hostilities in the Middle East; risks associated with delays in the transition to 5G technologies and in the 5G rollout; risks relating to the concentration of our business on a limited number of large mobile operators and the fact that the significant weight of their ordering, compared to the overall ordering by other customers, coupled with inconsistent ordering patterns, could negatively affect us; risks resulting from the volatility in our revenues, margins and working capital needs; disagreements with tax authorities regarding tax positions that we have taken could result in increased tax liabilities;  the high volatility in the supply needs of our customers, which from time to time lead to delivery issues and may lead to us being unable to timely fulfil our customer commitments;  and such other risks, uncertainties and other factors that could affect our results of operations, as further detailed in Ceragon’s most recent Annual Report on Form 20-F, as published on April 15, 2026, as well as other documents that may be subsequently filed by Ceragon from time to time with the Securities and Exchange Commission.
 
We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Ceragon does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.
 
While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections on the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon’s views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.
 
The results reported in this press-release are preliminary and unaudited results, and investors should be aware of possible discrepancies between these results and the audited results to be reported, due to various factors.
 
Ceragon’s public filings are available on the Securities and Exchange Commission’s website at www.sec.gov and may also be obtained from Ceragon’s website at www.ceragon.com.
 
Investor Contact:
 
Rob Fink
FNK IR
Tel. +1-646-809-4048
crnt@fnkir.com

Joey Delahoussaye
FNK IR
Tel. +1-312-809-1087
crnt@fnkir.com

 
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)

   
Three months ended
June 30,
    
Six months ended
June 30,
  
   
2026
    
2025
    
2026
    
2025
  
                         
Revenues
    
93,914
      
82,262
      
178,917
      
170,914
  
Cost of revenues
    
64,187
      
53,822
      
119,114
      
113,375
  
                                 
Gross profit
    
29,727
      
28,440
      
59,803
      
57,539
  
                                 
Operating expenses:
                                
   Research and development, net
    
8,405
      
7,332
      
16,346
      
15,581
  
Sales and Marketing
    
12,909
      
11,722
      
26,899
      
24,019
  
General and administrative
    
6,823
      
6,940
      
12,343
      
12,376
  
Restructuring and related charges
    
1,120
      
-
      
1,660
      
3,732
  
Acquisition- and integration-related charges
    
233
      
229
      
233
      
704
  
                                 
Total operating expenses
    
29,490
      
26,223
      
57,481
      
56,412
  
                                 
Operating income
    
237
      
2,217
      
2,322
      
1,127
  
                                 
Financial and other expenses, net
    
1,663
      
2,896
      
4,519
      
1,906
  
                                 
Income (loss) before taxes
    
(1,426
)
    
(679
)
    
(2,197
)
    
(779
)
                                 
Taxes on income
    
665
      
588
      
1,237
      
1,468
  
                                 
Net income (loss)
    
(2,091
)
    
(1,267
)
    
(3,434
)
    
(2,247
)
                                 
Basic net income (loss) per share
    
(0.02
)
    
(0.01
)
    
(0.04
)
    
(0.03
)
Diluted net income (loss) per share
    
(0.02
)
    
(0.01
)
    
(0.04
)
    
(0.03
)
Weighted average number of shares used in computing basic net income (loss) per share
    
91,033,749
      
89,470,719
      
90,872,376
      
89,108,772
  
Weighted average number of shares used in computing diluted net income (loss) per share
    
91,033,749
      
89,470,719
      
90,872,376
      
89,108,772
  


CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)

   
June 30,
    
December 31,
  
   
2026
    
2025
  
ASSETS
            
             
CURRENT ASSETS:
            
Cash and cash equivalents
    
34,771
      
38,368
  
Trade receivables, net
    
101,283
      
99,673
  
Inventories
    
59,459
      
61,587
  
Other accounts receivable and prepaid expenses
    
24,564
      
25,576
  
                 
Total current assets
    
220,077
      
225,204
  
                 
NON-CURRENT ASSETS:
                
Severance pay and pension fund
    
430
      
362
  
Property and equipment, net
    
41,065
      
39,952
  
Operating lease right-of-use assets
    
16,003
      
16,554
  
Intangible assets, net
    
24,525
      
23,182
  
Goodwill
    
11,007
      
11,007
  
Other non-current assets
    
669
      
781
  
                 
Total non-current assets
    
93,699
      
91,838
  
                 
Total assets
    
313,776
      
317,042
  
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
                
                 
CURRENT LIABILITIES:
                
Trade payables
    
74,173
      
70,784
  
Deferred revenues
    
1,300
      
2,371
  
Short-term loans
    
12,004
      
19,000
  
Operating lease liabilities
    
4,061
      
4,001
  
Other accounts payable and accrued expenses
    
27,251
      
24,071
  
                 
Total current liabilities
    
118,789
      
120,227
  
                 
LONG-TERM LIABILITIES:
                
Accrued severance pay and pension
    
2,557
      
2,537
  
Operating lease liabilities
    
12,715
      
13,331
  
Other long-term payables
    
7,665
      
8,195
  
                 
Total long-term liabilities
    
22,937
      
24,063
  
                 
SHAREHOLDERS' EQUITY:
                
Share capital
    
234
      
234
  
Additional paid-in capital
    
457,690
      
454,640
  
Treasury shares at cost
    
(20,091
)
    
(20,091
)
Accumulated other comprehensive loss
    
(9,134
)
    
(8,816
)
Accumulated deficit
    
(256,649
)
    
(253,215
)
                 
Total shareholders' equity
    
172,050
      
172,752
  
                 
Total liabilities and shareholders' equity
    
313,776
      
317,042
  


CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(U.S. dollars, in thousands)

   
Three months ended
June 30,
    
Six months ended
June 30,
  
   
2026
    
2025
    
2026
    
2025
  
                         
Cash flow from operating activities:
                        
Net income (loss)
    
(2,091
)
    
(1,267
)
    
(3,434
)
    
(2,247
)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
                                
Depreciation and amortization
    
3,471
      
3,632
      
6,905
      
6,964
  
Loss from sale of property and equipment, net
    
52
      
-
      
122
      
10
  
Stock-based compensation expense
    
1,755
      
1,549
      
2,647
      
2,199
  
Decrease (increase) in accrued severance pay and  pensions, net
    
(85
)
    
30
      
(48
)
    
77
  
Decrease (increase) in trade receivables, net
    
(6,838
)
    
21,778
      
(1,537
)
    
28,162
  
Decrease (increase) in other assets (including other accounts receivable,
prepaid expenses, other non-current assets, and the effect of exchange
rate changes on cash and cash equivalents)
    
(461
)
    
(1,179
)
    
755
      
(2,319
)
Decrease (increase) in inventory
    
(2,269
)
    
2,206
      
1,561
      
127
  
Decrease in operating lease right-of-use assets
    
1,182
      
1,323
      
2,135
      
2,054
  
Increase (decrease) in trade payables
    
9,255
      
(13,961
)
    
3,081
      
(18,045
)
Increase (decrease) in other accounts payable and accrued expenses (including other long-term payables)
    
3,666
      
(3,285
)
    
2,620
      
(2,531
)
Decrease in operating lease liability
    
(1,161
)
    
(90
)
    
(2,140
)
    
(915
)
Increase (decrease) in deferred revenues
    
(1,410
)
    
26
      
(1,071
)
    
(164
)
Net cash provided by operating activities
    
5,066
      
10,762
      
11,596
      
13,372
  
                                 
Cash flow from investing activities:
                                
Purchases of property and equipment
    
(3,322
)
    
(3,957
)
    
(5,597
)
    
(7,426
)
Software development costs capitalized
    
(1,451
)
    
(1,173
)
    
(2,921
)
    
(1,711
)
Payments made in connection with business acquisitions, net of acquired cash
    
-
      
-
      
-
      
(6,570
)
Net cash used in investing activities
    
(4,773
)
    
(5,130
)
    
(8,518
)
    
(15,707
)
                                 
Cash flow from financing activities:
                                
Proceeds from exercise of stock options
    
267
      
143
      
276
      
651
  
Repayments of bank credits and loans, net
    
(5,096
)
    
(4,700
)
    
(6,996
)
    
(4,700
)
Net cash used in financing activities
    
(4,829
)
    
(4,557
)
    
(6,720
)
    
(4,049
)
                                 
Effect of exchange rate changes on cash and cash equivalents
    
143
      
453
      
45
      
289
  
                                 
Increase (decrease) in cash and cash equivalents
    
(4,393
)
    
1,528
      
(3,597
)
    
(6,095
)
Cash and cash equivalents at the beginning of the period
    
39,164
      
27,688
      
38,368
      
35,311
  
Cash and cash equivalents at the end of the period
    
34,771
      
29,216
      
34,771
      
29,216
  


RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS
(U.S. dollars in thousands, except share and per share data)

   
Three months ended
June 30,
    
Six months ended
June 30,
  
   
2026
    
2025
    
2026
    
2025
  
                         
GAAP cost of revenues
    
64,187
      
53,822
      
119,114
      
113,375
  
Stock-based compensation expenses
    
(108
)
    
(81
)
    
(239
)
    
(189
)
Amortization of acquired intangible assets
    
(422
)
    
(451
)
    
(844
)
    
(956
)
Non-GAAP cost of revenues
    
63,657
      
53,290
      
118,031
      
112,230
  
                                 
GAAP gross profit
    
29,727
      
28,440
      
59,803
      
57,539
  
Stock-based compensation expenses
    
108
      
81
      
239
      
189
  
Amortization of acquired intangible assets
    
422
      
451
      
844
      
956
  
Non-GAAP gross profit
    
30,257
      
28,972
      
60,886
      
58,684
  
                                 
GAAP Research and development expenses
    
8,405
      
7,332
      
16,346
      
15,581
  
Stock-based compensation expenses
    
(217
)
    
(123
)
    
(408
)
    
(278
)
Non-GAAP Research and development expenses
    
8,188
      
7,209
      
15,938
      
15,303
  
                                 
GAAP Sales and marketing expenses
    
12,909
      
11,722
      
26,899
      
24,019
  
Stock-based compensation expenses
    
(350
)
    
(330
)
    
(690
)
    
(640
)
Amortization of acquired intangible assets
    
(220
)
    
(275
)
    
(440
)
    
(497
)
Non-GAAP Sales and marketing expenses
    
12,339
      
11,117
      
25,769
      
22,882
  
                                 
GAAP General and administrative expenses
    
6,823
      
6,940
      
12,343
      
12,376
  
Stock-based compensation expenses
    
(1,080
)
    
(1,015
)
    
(1,310
)
    
(1,092
)
Non-GAAP General and administrative expenses
    
5,743
      
5,925
      
11,033
      
11,284
  
                                 
GAAP Restructuring and related charges
    
1,120
      
-
      
1,660
      
3,732
  
Restructuring and related charges
    
(1,120
)
    
-
      
(1,660
)
    
(3,732
)
Non-GAAP Restructuring and related charges
    
-
      
-
      
-
      
-
  
                                 
GAAP Acquisition- and integration-related charges
    
233
      
229
      
233
      
704
  
Acquisition- and integration-related charges
    
(233
)
    
(229
)
    
(233
)
    
(704
)
Non-GAAP Acquisition- and integration-related charges
    
-
      
-
      
-
      
-
  


RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS
(U.S. dollars in thousands, except share and per share data)

   
Three months ended
June 30,
    
Six months ended
June 30,
  
   
2026
    
2025
    
2026
    
2025
  
                         
GAAP Operating income
    
237
      
2,217
      
2,322
      
1,127
  
Stock-based compensation expenses
    
1,755
      
1,549
      
2,647
      
2,199
  
Amortization of acquired intangible assets
    
642
      
726
      
1,284
      
1,453
  
Restructuring and related charges
    
1,120
      
-
      
1,660
      
3,732
  
Acquisition- and integration-related charges
    
233
      
229
      
233
      
704
  
Non-GAAP Operating income
    
3,987
      
4,721
      
8,146
      
9,215
  
                                 
GAAP Financial and other expenses, net
    
1,663
      
2,896
      
4,519
      
1,906
  
Leases – financial income (expenses)
    
(22
)
    
(1,233
)
    
4
      
(1,138
)
Non-cash revaluation associated with business combination
    
(28
)
    
16
      
(37
)
    
1,948
  
Non-GAAP Financial and other expenses, net
    
1,613
      
1,679
      
4,486
      
2,716
  
                                 
GAAP Tax expenses
    
665
      
588
      
1,237
      
1,468
  
Non-GAAP Tax expenses
    
665
      
588
      
1,237
      
1,468
  
                                 
GAAP Net income (loss)
    
(2,091
)
    
(1,267
)
    
(3,434
)
    
(2,247
)
Stock-based compensation expenses
    
1,755
      
1,549
      
2,647
      
2,199
  
Amortization of acquired intangible assets
    
642
      
726
      
1,284
      
1,453
  
Restructuring and related charges
    
1,120
      
-
      
1,660
      
3,732
  
Acquisition- and integration-related charges
    
233
      
229
      
233
      
704
  
Leases – financial expenses (income)
    
22
      
1,233
      
(4
)
    
1,138
  
Non-cash revaluation associated with business combination
    
28
      
(16
)
    
37
      
(1,948
)
Non-GAAP Net income  
    
1,709
      
2,454
      
2,423
      
5,031
  
                                 
GAAP basic net income (loss) per share
    
(0.02
)
    
(0.01
)
    
(0.04
)
    
(0.03
)
                                 
GAAP diluted net income (loss) per share
    
(0.02
)
    
(0.01
)
    
(0.04
)
    
(0.03
)
                                 
Non-GAAP Diluted net income per share
    
0.02
      
0.03
      
0.03
      
0.06
  
                                 
Weighted average number of shares used in computing GAAP basic net income (loss) per share
    
91,033,749
      
89,470,719
      
90,872,376
      
89,108,772
  
Weighted average number of shares used in computing GAAP diluted net income (loss) per share
    
91,033,749
      
89,470,719
      
90,872,376
      
89,108,772
  
Weighted average number of shares used in computing Non-GAAP diluted net income per share
    
93,529,521
      
91,245,422
      
93,120,527
      
91,381,985