“After a couple of years where Open RAN revenues exceeded expectations and advanced at an accelerated pace, the current slowdown doesn’t come as a surprise,” said Stefan Pongratz, analyst with the Dell’Oro Group.

“Demand for E-band microwave equipment really picked up in the past three quarters,” stated Jimmy Yu, Vice President at Dell’Oro Group.

“The MCN market shined on many fronts this quarter. The China region returned to growth with increased spending by two of the four Mobile Network Operators (MNOs). The EMEA region had its best quarterly growth rate since 2020, Huawei had record high revenues for the quarter, and Ericsson had its highest growth rate since 2Q20, as examples,” stated Dave Bolan, Research Director at Dell’Oro Group.

“It was another great quarter for optical system vendors,” said Jimmy Yu, Vice President at Dell’Oro Group.