UTStarcom Reports Unaudited Financial Results for First Half of 2026

HANGZHOU, China, Aug. 14, 2026 (GLOBE NEWSWIRE) -- UTStarcom (“UT,” “UTStarcom” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results and a business update for the six months ended June 30, 2026 (“the first half”).

Business Highlights: * Optical Circuit Switching (OCS) product development for AI DC networking infrastructure. UTStarcom continues the development of its comprehensive Optical Circuit Switching (OCS) solution designed for scale-up and scale-out AI Data Center (DC) architectures. Development remains on schedule, and the Company expects to showcase the OCS product concept prototype at the 27th China International Optoelectronic Exposition (CIOE 2026) in September 2026. * Maintenance and support services to customers globally. While focusing on the development of its AI networking solutions, UTStarcom continues to provide ongoing support to its global customer base in accordance with existing support and maintenance contracts. In 1H 2026, the Company secured a substantial maintenance service renewal order alongside a series of smaller support orders across major product lines, including NetRing PTN, SyncRing, and IMS. * Network expansion for a European Mobile Network Operator: In 1H 2026, UTStarcom fulfilled an order to ship a batch of NetRing TN704ES platforms in support of a key customer's ongoing 5G transport network expansion in Europe. UTStarcom’s Chief Executive Officer Mr. Hua Li commented, “As artificial intelligence continues to transform industries worldwide, the Company believes Optical Circuit Switching (OCS) represents a promising technology with significant potential to support next-generation AI infrastructure and high-performance computing applications. Accordingly, the Company is exploring OCS as a strategic growth direction to capitalize on the expanding opportunities created by the AI ecosystem. At the same time, the Company remains committed to its existing products and services and will continue to support its current customers while prudently pursuing new opportunities that enhance long-term shareholder value.”