Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Investor Presentation (February 2026)
16 slides from Ceragon Networks's investor presentation, February 2026
Slide 1: End-to-End Global Wireless Connectivity Provider
Ceragon Networks Ltd Nasdaq: CRNT END-TO-END GLOBAL WIRELESS CONNECTIVITY PROVIDER FEBRUARY 2026 Nasdaq: CRNT Proprietary & Confidential | 1 ‹#›
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Ceragon Networks Ltd. (“Ceragon” or the “Company”) for informational purposes only. This presentation and the information contained herein are proprietary to the Company and may not be reproduced (in whole or in part) nor summarized, used, distribute
Slide 3: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Winning strategy to drive sustainable growth TOP-TIER GLOBAL CUSTOMER BASE • Growing private network business and customer base, selling end-to- end solutions to expand TAM • Increased SW-led services to grow recurring business & profitability • Leader in the rapidly-growin
Slide 4: Ceragon Strategy
CERAGON STRATEGY Growing organically and through targeted M&A NEW CUSTOMERS NEW OPPORTUNITIES Smaller Service Providers and Private Networks, where price pressure is lower, and margins are higher REVENUES Private Network customers look for end-to-end solutions – Ceragon offers it through its ecosyst
Slide 5: Growth Markets, Increased TAM
GROWTH MARKETS, INCREASED TAM Recent expansion into Private Networks has significantly increased addressable market SW & SW-LED SERVICES CUSTOMERS – All types MARKET DYNAMICS - Up-sale; Improves Customer Retention GROWTH MARKET: PRIVATE NETWORKS CUSTOMERS – Mainly: Energy, Smart City, Utilities, Pub
Slide 6: Core Market: Wireless Transport Solutions
CORE MARKET: WIRELESS TRANSPORT SOLUTIONS Positioned to grow faster than the market Ceragon is “Best of Breed”, MARKET DYNAMICS WIRELESS TRANSPORT winning on technology & TCO • Low deployment cost Market is slightly $1.8B • Rapid deployment mmW expected to be the fastest-growing part of the wireless
Slide 7: Growth Market: Private Networks
GROWTH MARKET: PRIVATE NETWORKS Private Networks driving growth for end-to-end wireless connectivity GLOBAL PRIVATE NETWORKS GROWTH DRIVERS PRIMARY MARKETS MARKET FORECAST $ Billions • Growing need for incremental capacity • Open networks ENERGY SMART CITY UTILITIES PUBLIC SAFETY MINING • Expertise
Slide 8: Growth Market: Managed Services and Software
GROWTH MARKET: MANAGED SERVICES AND SOFTWARE Driving recurring revenue TRANSPORT NETWORK DIGITAL TWIN A Single Agnostic Pane Of Glass to Optimize the entire transport network Optical fiber, microwave, DWDM, routing Advance Geographical visualizations (beyond topology). In-map search capabilities Con
Slide 9: Comprehensive Solutions to Support Multiple Use Cases
COMPREHENSIVE SOLUTIONS TO SUPPORT MULTIPLE USE CASES OPEN TRANSPORT THE FASTEST WAY THE TO GET ULTRA-HIGH CAPACITY LONGEST HAUL FLEXIBLE THE WIDEST BAND MANAGED SERVICES MICROWAVE BACKHAUL INNOVATIVE NETWORK TECHNOLOGY DEEP AI PtMP NETWORK INSIGHT mmW OFFERING WIDEST PtP END-TO-END PRIVATE NETWORK
Slide 10: Continuous Innovation & In-House Chipset Development
CONTINUOUS INNOVATION & IN-HOUSE CHIPSET DEVELOPMENT 2025 Committed to our customers continued long-term success NEPTUNE Based IP-100E Product Launch 2025 2010 E2E Technologies Acquisition Native Ethernet multi-channel 2007 LH radio with ACM 2024 2025 First to 2017 Smart Activation Key Introducing A
Slide 11: System-on-a-Chip Platform; Multiyear Advantage
SYSTEM-ON-A-CHIP PLATFORM; MULTIYEAR ADVANTAGE Winning on Technology & TCO via Innovation VALUE DRIVERS • Creates durable competitive advantage • Enables better performance at lower price-point • Ensures best fit with product development • Margin expansion • Chip vendor independence CONTINUOUS TECHN
Slide 12: Selected P & L Metrics
SELECTED P & L METRICS $106.9 60% Q4 Summary $100 $96.1 $102.7 $90.4 $88.5 $88.7 Revenue: $82.3 million $83.4 $86.2 $87.3 $85.5 50% $82.3 $82.3 $80 North America: Revenue slightly less than record 40% levels achieved in Q3 2025; Backlog entering 2026 36.7% nearly double that entering 2025 $60 35.3%
Slide 13: Other Financial Metrics
OTHER FINANCIAL METRICS Positive Net Cash Position Q4 2025 Geographic Revenue Mix Balance Sheet ($ Millions) Capital Structure Financial Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Shares Outstanding APAC Metrics 92.4M (12/31/25) Latin 6% America Cash(1) $35.3 $27.7 $29.2 $43.0 $38.4 Public Float* ~65M 10% Instit
Slide 14: Outlook
OUTLOOK CURRENT OUTLOOK • Revenue in full-year 2026 is expected to be between $355 million and $385 million • Non-GAAP operating margin is expected to be between 6.5% and 7.5% at the midpoint of the provided revenue range • The non-GAAP operating margin outlook reflects the currency assumptions esta
Slide 15: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Winning strategy to drive sustainable growth TOP-TIER GLOBAL CUSTOMER BASE • Growing private network business and customer base, selling end-to- end solutions to expand TAM • Increased SW-led services to grow recurring business & profitability • Leader in the rapidly-growin
Slide 16: Thank You
THANK YOU DELIVERING CONNECTIVITY EVERYWHERE Nasdaq: CRNT 16
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