Operator

Ladies and gentlemen, thank you for standing by, and welcome to Ceragon's First Quarter 2026 Earnings Call. [Operator Instructions] I must advise you that this call is being recorded today.

I would now like to hand over the call to our first speaker today, Rob Fink, Head of Investor Relations. Rob, please go ahead.

Rob Fink
FNK IR LLC

Thank you, operator, and good morning, everyone. Hosting the call today is Doron Arazi, Ceragon's Chief Executive Officer; and Ronen Stein, Chief Financial Officer.

Before we start, please note that today's discussion includes forward-looking statements within the meaning of the Securities Act of 1933 as amended the Securities Exchange Act of 1934 as amended. And the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, projected financial performance, future initiatives, business outlook, development efforts, anticipated results, time line and other matters. Forward-looking statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially.

These risks and uncertainties include, among other things, global and regional economic conditions, conditions in Israel and the region, fluctuations in exchange rate, customer concentration, ordering patterns, and supply chain challenges as further detailed in Ceragon's most annual report on Form 20-F and other documents filed with the Securities and Exchange Commission.

Forward-looking statements are accurate only as of the date they are