Ceragon Networks (NASDAQ:CRNT) signaled a temporary shift in its 2025 finish line, projecting fourth-quarter revenue between $81 million and $83 million.
The wireless backhaul specialist attributed the figures—which fall below previous analyst estimates—to a single large North American customer deferring deliveries from December 2025 into the first half of 2026.
Despite the quarterly timing shift, CEO Doron Arazi struck a bullish tone regarding the company’s mid-term trajectory.
Management revealed that North American backlog has nearly doubled compared to the end of 2024, providing high visibility into the coming year.
Crucially, the company emphasized that the deferred orders were not cancellations, but rather a rescheduling of deployment timelines.
For the full year 2026, Ceragon issued revenue guidance of $355 million to $385 million, underpinned by robust demand for 5G network modernization and private network expansion.
Beyond North America, the company highlighted India as a critical growth engine, where a rebound in stalled projects and the ongoing "Make in India" initiative are expected to drive significant volume.
The update comes as Ceragon continues to pivot toward higher-margin software and managed services, aiming to offset hardware commoditization.
With the shift of Q4 revenue into the new year, the company exits 2025 with one of its strongest booked-to-backlog positions in recent years.