RDWR
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Earnings documents stored for RDWR.
Investor releaseQuarter not tagged2026-05-27Radware Reports Results of 2026 Annual General Meeting
GlobeNewswire
Radware Reports Results of 2026 Annual General Meeting
TEL AVIV, Israel, May 27, 2026 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced the results of its Annual General Meeting of Shareholders held May 25, 2026. The Company presented three proposals for the shareholders to vote on at the meeting. All three proposals voted on at the Annual General Meeting were adopted by the requisite shareholder vote. About Radware Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, API, and AI security solutions use AI-driven algorithms for precise, behavior-based, real-time protection against sophisticated web, application, and DDoS attacks, API abuse, business logic threats, and malicious bots. Radware delivers end-to-end API security, including discovery, posture management, testing, and runtime protection, along with advanced protection for AI agents and models. Enterprises and carriers worldwide rely on Radware to address evolving cyberthreats, protect their brands and business operations, and reduce costs. For more information, please visit the Radware website. Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube. ©2026 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners. Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice. The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release. CONTACTSInvestor Relations:Yisca Erez, +972-72-3917211, [email protected] Media Contact:Gina Sorice, [email protected] Safe Harbor Statement This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and oth...
Investor releaseQuarter not tagged2026-05-09Radware Q1 Earnings Call Highlights
MarketBeat
Radware Q1 Earnings Call Highlights
Interested in Radware Ltd.? Here are five stocks we like better. Radware posted another strong quarter with first-quarter 2026 revenue up 11% year over year to about $79.8 million and non-GAAP EPS of $0.30. Management said it was the company’s fourth double-digit revenue growth quarter in the last five. Cloud security and API protection were the main growth engines, with cloud ARR up 23% to $98 million and API security described as one of the fastest-growing parts of the portfolio. Radware also highlighted strong demand for hybrid DDoS protection and emerging interest in its AI security offerings. The Americas drove regional results and the outlook remains constructive, as revenue in the region jumped 40% year over year and North American go-to-market changes continued to improve execution. For Q2 2026, Radware guided for revenue of $81 million to $82 million and EPS of $0.28 to $0.29. Radware (NASDAQ:RDWR) reported first-quarter 2026 revenue growth of 11% year over year, as management cited continued momentum in cloud security, API protection and North American sales execution. President and CEO Roy Zisapel said the company delivered revenue of $80 million and earnings per share of $0.30 in the quarter, calling it “another quarter of double-digit growth in revenue” and the fourth such quarter in the past five quarters. Chief Financial Officer Guy Avidan later specified that first-quarter revenue was $79.8 million and non-GAAP diluted earnings per share from continuing operations were $0.30. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Zisapel said Radware’s performance reflected progress against several strategic priorities, including scaling its cloud security platform, expanding its managed security service provider, or MSSP, business, driving product innovation and maintaining operating discipline across regions and functions. Cloud security remained a major growth driver in the first quarter. Avidan said cloud annual recurring revenue grew 23% year over year to $98 million, representing 39% of total ARR, up from 35% in the first quarter of 2025. Total ARR increased 9% year over year to $250 million. → Light Speed Returns: Corning Cashes In on NVIDIA Growth Zisapel said demand was particularly strong for application security, hybrid DDoS services and the company’s new API security offering. He pointed to a large government instituti...
Investor releaseQuarter not tagged2026-05-07Radware: Q1 Earnings Snapshot
Associated Press
Radware: Q1 Earnings Snapshot
TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Radware Ltd. (RDWR) on Thursday reported net income of $3.5 million in its first quarter. The Tel Aviv, Israel-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 30 cents per share. The network management software maker posted revenue of $79.8 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RDWR at https://www.zacks.com/ap/RDWR
Investor releaseQuarter not tagged2026-05-07Radware Reports First Quarter 2026 Financial Results
GlobeNewswire
Radware Reports First Quarter 2026 Financial Results
First Quarter 2026 Financial Results and Highlights Revenue of $79.8 million, an increase of 11% year-over-year Cloud ARR of $98 million, an increase of 23% year-over-year Non-GAAP diluted EPS from continuing operations of $0.30; GAAP diluted EPS from continuing operations of $0.14 Cash flow provided by continuing operations of $19.9 million dollars TEL AVIV, Israel, May 07, 2026 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced its consolidated financial results for the first quarter ended March 31, 2026. “We delivered a strong start to 2026, marked by solid execution across the business and sustained double-digit revenue growth,” said Roy Zisapel, president and CEO of Radware. “Growth in the quarter was led by our cloud security business supported by strong momentum in our new API Protection, while our on-prem DDoS protection portfolio, led by DefensePro X, performed exceptionally well. We also saw outstanding execution in North America, reflecting the strength of our go-to-market strategy. These results demonstrate the progress we are making in executing our strategy as we scale our platform and capitalize on the growing opportunities in cloud and API security.” Financial Highlights for the First Quarter 2026 Revenue for the first quarter of 2026 totaled $79.8 million: Revenue in the Americas region was $38.4 million for the first quarter of 2026, an increase of 40% from $27.4 million in the first quarter of 2025. Revenue in the Europe, Middle East, and Africa (“EMEA”) region was $25.1 million for the first quarter of 2026, a decrease of 11% from $28.3 million in the first quarter of 2025. Revenue in the Asia-Pacific (“APAC”) region was $16.3 million for the first quarter of 2026, the same as in the first quarter of 2025. GAAP net income from continuing operations for the first quarter of 2026 was $6.1 million, or $0.14 per diluted share, compared to GAAP net income from continuing operations of $6.6 million, or $0.15 per diluted share, for the first quarter of 2025. Non-GAAP net income from continuing operations for the first quarter of 2026 was $13.4 million, or $0.30 per diluted share, compared to non-GAAP net income from continuing operations of $13.6 million, or $0.31 per diluted share, for the first quarter of 2025. The appreciation of the Israeli...
TranscriptFY2026 Q12026-05-07FY2026 Q1 earnings call transcript
Earnings source - 33 paragraphs
FY2026 Q1 earnings call transcript
Thank you, operator. Good morning, everyone, and welcome to Radware's first quarter 2026 earnings conference call. Joining me today are Roy Zisapel, President and Chief Executive Officer, and Guy Avidan, Chief Financial Officer. A copy of today's press release and financial statements, as well as the investor kit for the first quarter, are available in the investor relations section of our website. During today's call, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. These forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from Radware's current forecasts and estimates.
Factors that could cause or contribute to such differences include, but are not limited to, impact for changing or severe global economic conditions, general business conditions, and our ability to address changes in our industry, changes in demand for product, the timing in the amount of orders, and other risks detailed from time to time in Radware's filings. We refer you to the documents the company files and furnishes from time to time with the SEC, specifically the company's last annual report on Form 20-F as filed on March 13th, 2026. We undertake no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date of such statement is made. I will now turn the call to Roy Zisapel.
Thank you, Yisca, and thank you all for joining us today. We started 2026 with solid execution across the business and steady progress against our long-term strategic priorities, scaling our cloud security platform, growing our MSSP business, driving innovation, and executing with discipline across regions and functions. In the first quarter, we delivered another quarter of double-digit growth in revenue, marking the fourth quarter of double-digit growth in the past five quarters. Revenue grew 11% year-over-year to $80 million, and EPS was $0.30. Cloud security is driving our growth. Cloud ARR grew 23% year-over-year in the quarter, supported by strong demand for application security, hybrid DDoS services, and our new API security. One cloud win example is with a large government institution in Latin America, where Radware was selected to secure critical applications at national level digital infrastructure.
The customer expanded its deployment across our full portfolio, including Cloud Application Protection, API security, and advanced DDoS mitigation. The decision was driven by our ability to deliver real-time protection at scale for highly sensitive mission-critical environments. Another cloud deal we secured is a new logo hybrid cloud DDoS deployment with a large global fintech company. The customer selected Radware DefensePro X appliances combined with our cloud DDoS service to address escalating volumetric and low and slow attacks that were impacting payment availability. I would like now to share with you why we're so excited about the opportunity Radware is seeing in the security market. At our Investor Day, we outlined four major waves of disruption shaping our journey in the cybersecurity market: DDoS, application security, API protection, and now agentic AI security.
Radware operates at the intersection of all four, a position that become more critical as attacks grow increasingly automated, distributed, and AI-driven. In particular, our new API security solution is one of the fastest-growing areas of our portfolio and a meaningful contributor to our cloud security momentum. Following the Pynt integration, the API security testing company we acquired, we now offer an end-to-end API security solution spanning discovery, posture management, testing, and real-time runtime protection. We see strong customer traction with tens of projects in various stages across production deployments, upgrades, testing, and POCs. We believe many of our customers will choose to standardize their API security on Radware as part of our broader application security platform, and we feel very encouraged by the momentum and visibility we have as we look ahead to the rest of the year.
Next, AI continues to be both a catalyst and a clear differentiator for our platform. Our long-standing investment in behavioral algorithms and AI-powered automation remains a key reasons customers choose Radware, particularly as attackers leverage AI-powered automation and manual responses can no longer keep pace. In addition, advanced AI penetration and code scanning tools are accelerating vulnerability discovery and compressing the time between exposure and exploitation. This widens the gap between what organizations can identify and what they can realistically remediate, making prevention only and shift left approaches increasingly insufficient. Radware addresses this challenge through real-time platform-based protection that secures application and infrastructure as attack occur. Our architecture is designed to operate at scale to stop zero-day exploits, API abuse, and automated attack chains in production. In this environment, new AI security tools do not replace our cybersecurity platform.
They underscore the necessity for runtime protection that can keep pace with machine speed threats. We see this as a clear tailwind for our business. Furthermore, with the emergence of agentic AI and the broad access right granted to AI agents, a new and expanded attack surface must be protected. We introduced agentic AI protection last quarter, further expanding our cloud security platform. While still early, we are already seeing strong engagement as customers recognize that runtime protection is essential for their agentic AI journey. From a go-to-market perspective, execution in North America remains a key priority and a significant contributor to growth. Revenues from the Americas grew 40% year-over-year, representing nearly 50% of total revenues. Investment in leadership, sales coverage, and partner engagement are translating into improved execution. Within our go-to-market framework, our MSSP business is increasingly becoming more pronounced.
Led by large strategic MSSP partners, the momentum is accelerating globally. During the quarter, we made meaningful progress onboarding tier one carriers and service providers and building a substantial pipeline across regions that we expect to convert in the second half of the year. To that end, we just announced this week a partnership with Chief Telecom from Taiwan. Chief operates the Taipei Internet Exchange, which is the largest carrier-neutral internet exchange in Taiwan and is the leading provider for direct private connections to global public clouds in the country. Through our partnership, Chief will provide GuardShield Pro, a new DDoS protection service for enterprises in Taiwan. The service combines Radware's AI-driven DDoS mitigation with Chief Telecom local network, enabling in-network scrubbing that minimizes latency. Delivered as a subscription, GuardShield Pro provides immediate high-performance protection without the need for on-premise hardware.
On the product side, our on-premise DDoS protection solution, DefensePro X, had an outstanding quarter driven by multiple large-scale refresh and expansion deals globally, including one of the largest SaaS companies in the world, a leading multinational e-commerce provider, and one of the largest healthcare systems in the U.S. DefensePro X delivers unmatched performance, scale, and resiliency, which customers consistently validate through repeat refresh and expansion activity. This powerful refresh cycle underscores the durability of our hybrid foundation while simultaneously accelerating subscription adoption. In summary, Q1 marked a very strong start to 2026, with solid execution across the business. We delivered double-digit growth in revenues driven by cloud ARR, strong momentum with our new API security offering, continued strength in our hybrid portfolio led by DefensePro X, and solid execution in North America.
We continue to execute against our strategy and are well-positioned for continued growth as we move through the year. With that, I'll turn the call over to Guy Avidan.
Thank you, Roy, and good day, everyone. I will review the financial results and business performance for the first quarter of 2026, as well as our outlook for the second quarter of 2026. Before beginning the financial overview, I would like to remind you that unless otherwise indicated, all financial results are non-GAAP. A full reconciliation of our results on a GAAP to non-GAAP basis is available in the press release issued earlier today and in the investor section of our website. As announced last quarter, the results of our subsidiary, SkyHawk, have been classified as a discontinued operation effective the first quarter of 2026 and are presented accordingly. As a result, all financial results discussed today related solely to continued operations. In connection with this change, the previously reported Hawk segment will no longer be presented separately.
Comparative prior year figures have been adjusted to align with this presentation and ensure consistency. We started 2026 with a solid first quarter, delivering revenue of $79.8 million, representing a year-over-year growth of 11% and marking this the fourth quarter of double-digit growth for the past five quarters. Cloud security offerings continued to play an important role in our overall performance. Cloud ARR grew 23% year-over-year in the first quarter, reaching $98 million, increasing to 39% of total ARR, up from 35% in the first quarter of 2025. This growth was the primary driver of total ARR, which increased 9% year-over-year to $250 million in the quarter. Looking at regional performance. In the first quarter, the Americas region delivered robust growth, with revenue increasing 40% year-over-year to $38.4 million.
On a trailing twelve-month basis, revenue in the Americas grew 15% year-over-year. Revenue from the Americas region represent nearly 50% of total revenue, and we are encouraged by the momentum in the region, which is also reflected in the strong pipeline for the coming quarters. EMEA revenue in the first quarter was $25.1 million, a decrease of 11% year-over-year. On a trailing 12-month basis, revenue in the EMEA increased 8% year-over-year. In APAC, first quarter revenue was $16.3 million, the same as in the first quarter last year. On a trailing 12-month basis, revenue in APAC increased 3% year-over-year. Turning to profitability. Gross margin was relatively consistent at 82.2% in the quarter compared to 82.4% in the same quarter last year.
The slight change year-over-year reflects a favorable revenue mix, partially offset by supply chain and foreign exchange impacts. During the quarter, we experienced supply chain pressure primarily driven by higher memory components cost. While this had a modest impact on gross margin, we are actively managing these dynamics through pricing and procurement. Looking ahead, we expect memory-related cost pressure to persist in the near term. However, we believe we can manage it effectively and maintain margin discipline throughout the year. Operating income for the first quarter increased 4% year-over-year to $11 million, while operating margin declined by 90 basis points to 13.8%. The margin decline was directly impacted by -$2.6 million impact from currency exchange changes, predominantly the strengthening of the Israeli shekel.
Constant exchange rate currency, the operating income for the first quarter would have been $13.6 million, a 28% increase year-over-year. Financial income for the first quarter was $4.5 million, compared with $5.2 million in the same period last year, primarily reflecting lower market interest rate and reduced cash balances following share repurchase over the past two quarters. Looking ahead, we expect financial income to gradually decrease over the remaining quarters of 2026, reflecting the same dynamics. Our effective tax rate for the first quarter was 14.3%, compared to 13.7% in the same period of 2025. We expect the effective tax rate to be between 14%-15% in the coming quarter.
Net income from continued operation in Q1 2026 was $13.4 million compared to $13.6 million in Q1 2025. Diluted earnings per share from continued operations were $0.30 compared to $0.31 in the same period last year. Turning to cash and the balance sheet. Cash flow provided by continued operation in Q1 2026 was $19.9 million compared to $24.6 million in the same quarter last year. During the first quarter, we repurchased shares in the amount of approximately $29.4 million. We ended the quarter with a strong liquidity position, holding approximately $434 million in cash equivalents, bank deposits, and marketable securities. Now to the guidance. Before turning to our guidance to note that our operating expenses and EPS outlook reflect current foreign exchange rates.
Strengthening of the Israeli shekel will impact operating expenses and EPS over the course of the year. We expect total revenue for the second quarter of 2026 to be in the range of $81 million-$82 million. We expect Q2 2026 non-GAAP operating expenses to be between $56 million-$57 million. The expected increase in Q2 2026 OpEx versus the first quarter 2026 reflect our continued investment in innovation and go-to-market, along with approximately $2 million of exchange rate impact associated with the US dollar weakening. We expect Q2 2026 non-GAAP diluted net earning per share to be between $0.28 and $0.29. With that, I'll turn the call back to the operator, and we'll be happy to take your questions.
To ask a question, please raise your hand using your mobile or desktop application or press star nine on your telephone keypad and wait for your name to be announced. The first question is from Joe Gallo from Jefferies.
Hey, hey guys, thanks for the question. Can you just walk through the total ARR performance a little bit in 1Q? Cloud was very strong, but you saw a decline in total ARR of $1 million quarter-over-quarter. Can you just kinda walk through that dynamic and how we should think about total ARR growth in 2026?
Yeah. I think the trends that we've seen in Q1 happening to us generally almost every year, although this year there was a small decline so far. It's because many of the contracts are expiring end of the year, and then we might see some churn, which is not exactly linear throughout the quarters. We do continue to expect strong cloud growth in the 20s, and we do expect, like we've guided before, for ARR to continue between 8%-9%. As the cloud portion of the total ARR growing, that figure to continue to accelerate. Last year, I think in this period, we were at the 7% give or take ARR growth. Now we are at 9%, we think that trend would continue to happen as we scale the cloud.
Okay. That makes total sense. Thank you for that. Then just as a follow-up, you mentioned memory related costs will persist. How are you thinking about pricing? Are you able to kinda raise prices to offset some of that? Have you seen any changes in buying behavior related to memory costs from your customers?
We just took an action and raised for some of the hardware platforms that are highly affected by memory. We did a increased price list by 5%-8%. We didn't see yet the change in buying behavior, although, you know, those pricing changes will now go into effect end of Q2. Our customers will be made aware of that, and I believe there will be some acceleration in some of the hybrid projects. I don't expect a major change. We didn't increase prices by 10% or 20%. We are much more, I would say, disciplined in discounting to make sure gross margin stays intact, and of course, pushing a lot the cloud security, the API security, and AI that are isolated from those memory and supply chain issues.
Thank you very much.
Our next question is from Jeffrey Hopson from Needham. Alex, please go ahead.
Hi. Thank you for the question. At your analyst day, you were talking a little bit about a new go-to market strategy, with a hunter/farmer model. Any update on where we are with that transition or any early contributions?
Thanks a lot, Jeffrey. As we stated, you know, North America was our first to execute this transition. And in the last several quarters, I think we've started to see very strong growth and contribution from this activity, and we believe that would, you know, that would continue as we progress. We're very happy with the initial results, both on farming and on hunting. We are now country by country, depends on the situation globally. We are executing that in Europe and in Asia, and we believe that we would see the same results. I think the model itself proved itself.
We're seeing very good results, not only in the numbers, by the way, which is the most important, but also in our strengthening customer relationships in the, in the cross-sell, and the broadening of the usage of our platforms in the key accounts. We have many leading indicators to the improved business traction that we have, and we are continuing with implementation.
Thank you. You have new products in both API security and AI security that you've been highlighting, and I think those are gonna be big longer term drivers of growth. Do you expect like a large meaningful contribution from those products in 2026, or they're still very early in the ramp?
It is very early. You know, the AI security we just launched, I don't know, three months ago, and the sales cycles in enterprise are six to nine months on the short side, I would say. However, as it relates to API security, we were actually very surprised with the strong traction already in Q1, and we were able to close double-digit number of customers orders already within that quarter, and the traction continues to be very, very strong. API security, I think it's much more immediate. It's a very easy expansion of our platform, especially for our existing customers. It's enabling another module on the same cloud platform. It's the same buyer. We see a lot of interest in the market.
I actually would increase my expectations from a API security contribution for 2026 versus where I was, I would say in the analyst day or three months ago. In AI, we continue. You know, we increase the number of POCs. I believe we will start to closing orders this quarter. From there, hopefully we will see a strong ramp. It is earlier to talk about it versus API where, you know, we see the business right now.
Perfect. Thank you very much.
Okay. We have no further questions. I'd like to hand the call back to Roy for closing remarks.
Okay. Thank you everyone for joining us, and have a great day.
Investor releaseQuarter not tagged2026-04-06Radware Schedules Conference Call for Its First Quarter 2026 Earnings
GlobeNewswire
Radware Schedules Conference Call for Its First Quarter 2026 Earnings
TEL AVIV, Israel, April 06, 2026 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, will announce its first quarter 2026 financial results on Thursday, May 7, 2026. Conference Call Details Radware management will host a conference call on Thursday, May 7, 2026, at 8:30 a.m. EST to discuss the company’s first quarter 2026 results, as well as its outlook for the second quarter of 2026. Investors are invited to join the call by registering via the following link: Q1 2026 earnings call registration link. A replay of the call will be available within approximately 24 hours of the live event on the Investors section of Radware’s website at: https://www.radware.com/ir/financial-reports/. About Radware Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website. Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube. ©2026 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners. Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice. The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release. Safe Harbor Statement This press release contains “forward-looking statements” within the meaning of the Private Securities Litigat...
Investor releaseQuarter not tagged2026-02-14Radware (RDWR) Is Up 11.5% After AI Security Push and Solid 2025 Results - What's Changed
Simply Wall St.
Radware (RDWR) Is Up 11.5% After AI Security Push and Solid 2025 Results - What's Changed
Radware Ltd. reported past fourth-quarter 2025 sales of US$80.25 million and net income of US$6.04 million, with full-year 2025 sales reaching US$301.85 million and net income of US$20.26 million. Alongside these results, Radware expanded deeper into AI and cloud security by launching its Agentic AI Protection Solution and integrating the earlier acquisition of Pynt Security into a broader API and AI protection platform. We’ll now examine how Radware’s push into Agentic AI Protection shapes its investment narrative and future positioning in AI security. Capitalize on the AI infrastructure supercycle with our selection of the 34 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. To own Radware today, you need to believe that its pivot from traditional application and network security toward a broader cloud and AI security platform can keep gaining commercial traction. The latest numbers, with full-year 2025 sales of US$301.85 million and net income of US$20.26 million, show the business coming off a stronger profitability base than in prior years, while the recent Agentic AI Protection launch and Pynt Security integration frame Radware as aiming to be an early specialist in securing AI agents and APIs. In the near term, key catalysts now sit around how quickly these new AI and API offerings translate into recurring cloud revenue, against a backdrop of a share price already trading near consensus targets and a relatively high earnings multiple that leaves less room for execution missteps or slower uptake. However, investors should be aware of how Radware’s premium valuation could amplify any disappointment in AI traction. Radware's shares are on the way up, but they could be overextended by 34%. Uncover the fair value now. Five Simply Wall St Community fair value estimates span roughly US$14.50 to US$32.80, underscoring how far apart retail views can be. Set that against Radware’s richer earnings multiple and execution risk in AI security, and you have a mix of enthusiasm and caution that is worth unpacking in more detail. Explore 5 other fair value estimates on Radware - why the stock might be worth 48% less than the current price! Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd. A great starting point for your...
Investor releaseQuarter not tagged2026-02-12Radware Ltd (RDWR) Q4 2025 Earnings Call Highlights: Record Growth in Cloud ARR and Strategic ...
GuruFocus.com
Radware Ltd (RDWR) Q4 2025 Earnings Call Highlights: Record Growth in Cloud ARR and Strategic ...
This article first appeared on GuruFocus. Q4 Revenue: Increased 10% year-over-year to $80 million. Full Year Revenue: Grew 10% year-over-year to $302 million. Non-GAAP EPS (Q4): Increased 19% to $0.32. Cloud ARR (Q4): Increased 23% year-over-year to $95 million. Total ARR: Grew 11% year-over-year to $251 million. RPO: Reached a record of $400 million, up 13% year-over-year. Gross Margin (Q4): 82.2%. Operating Margin (Q4): Expanded by 240 basis points. Adjusted EBITDA (Q4): Increased 25% to $13.7 million. Net Income (Q4): Rose 21% year-over-year to $14.5 million. Cash Flow from Operations (Q4): $17.3 million. Cash Position: Approximately $461 million in cash, cash equivalents, bank deposits, and marketable securities. Q1 2026 Revenue Guidance: Expected to be in the range of $78 million to $79 million. Q1 2026 Non-GAAP EPS Guidance: Expected to be between $0.28 to $0.29. Warning! GuruFocus has detected 4 Warning Signs with CPXGF. Is RDWR fairly valued? Test your thesis with our free DCF calculator. Release Date: February 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Radware Ltd (NASDAQ:RDWR) achieved record highs in major financial metrics, including revenues, EPS, total ARR, and cloud ARR. Q4 revenue increased by 10% year-over-year to $80 million, with non-GAAP earnings per share growing 19% to $0.32. Cloud ARR rose 23% year-over-year, demonstrating strong growth and momentum in the cloud security business. The company expanded its cloud security offerings with the launch of a new API Security Service and the acquisition of Pynt Security. Radware Ltd (NASDAQ:RDWR) introduced the Agentic AI Protection solution, enhancing its security platform and positioning itself at the forefront of AI security. The Americas region saw a 4% decline in Q4 revenue year-over-year, despite a strong booking performance. APAC region's Q4 revenue declined by 3% year-over-year, indicating challenges in that market. Cash flow from operations in 2025 decreased to $50.1 million from $71.6 million in 2024. The company expects lower financial income in 2026 due to lower interest rates, share repurchase plans, and M&As. Skyhawk Security operations will be classified as a discontinued operation, impacting non-GAAP reporting from Q1 2026. Q: Our RPO grew 14% in 2025, which I think was double what you were targeting. Can you tal...
Investor releaseQuarter not tagged2026-02-12Radware Ltd. Q4 2025 Earnings Call Summary
Moby
Radware Ltd. Q4 2025 Earnings Call Summary
Performance was driven by a three-pillar strategy focused on cloud security market share, AI-driven innovation, and expanded go-to-market footprint. Cloud ARR grew 23% year-over-year to $95 million, reflecting accelerated momentum and customer trust in protecting mission-critical applications. The DefensePro X refresh cycle and competitive displacements fueled double-digit growth in product subscriptions throughout 2025. Strategic expansion in Singapore and scaling cloud capacity toward 30 terabits provided the infrastructure necessary to handle rising global attack volumes. The acquisition of Pynt Security enables a full life cycle API security solution, addressing the 'third wave' of growth in modern software architecture. Management attributes recent 7-digit and 8-digit wins to superior detection accuracy, automation, and the ability to meet stringent regulatory demands. Q1 2026 revenue guidance of $78 million to $79 million assumes higher-than-usual seasonality due to a solid backlog and strong Q4 bookings. RPO growth for 2026 is expected to align with revenue growth, supported by improving deal visibility and a robust pipeline of new logos. Operating expenses are projected to increase in 2026 as the company ramps up investments in innovation and North American go-to-market personnel. The company is pivoting toward 'Agentic AI Protection' as a major TAM expansion, targeting risks associated with autonomous AI agents and data access. Financial income is expected to decrease in 2026 due to lower interest rates, share repurchases, and M&A activity. SkyHawk operations will be classified as discontinued starting Q1 2026, with EdgeHawk expected to begin generating revenue during the year. Q1 2026 operating expenses include an approximately $1.5 million headwind from U.S. dollar weakening. The company maintains a strong liquidity position with $461 million in cash to support disciplined capital allocation and potential technology tuck-ins. Management highlighted the evolving threat landscape where attackers use AI to increase the sophistication and volume of malicious activity. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Growth was driven by strong booking momentum in both cloud and product subscriptions, which are recognized over the contract period. Ma...
Investor releaseQuarter not tagged2026-02-11Radware Q4 Earnings Call Highlights
MarketBeat
Radware Q4 Earnings Call Highlights
Radware reported record Q4 and full-year 2025 results, with Q4 revenue of $80M (+10% YoY), full-year revenue of $302M (+10%), non-GAAP diluted EPS of $0.32 in Q4 (+19%) and $1.15 for the year (+32%), and total ARR of $251M (+11%) with cloud ARR at $95M (+23%). Performance was driven by cloud security and subscriptions: subscription revenue grew 21% YoY, cloud ARR rose 23% YoY and 7% sequentially, RPO reached a record $400M (+13%), and the company is investing in cloud infrastructure including a new Singapore security center and scaling mitigation toward 30 Tb. Product expansion included a new API Security Service supported by the acquisition of Pynt and the launch of Agentic AI Protection for securing AI agents, while defense-product refresh cycles and competitive displacements delivered large wins and double-digit defense growth. Interested in Radware Ltd.? Here are five stocks we like better. Radware (NASDAQ:RDWR) reported record fourth-quarter and full-year 2025 results, with management pointing to continued momentum in cloud security, accelerating subscription revenue, and an expanding product portfolio that now includes new offerings in API security and “Agentic AI” protection. President and CEO Roy Zisapel said the company “ended 2025 on a high note,” citing record highs in revenue, earnings per share, total annual recurring revenue (ARR), and cloud ARR. For the fourth quarter, Radware reported revenue of $80 million, up 10% year over year, while non-GAAP diluted EPS rose 19% to $0.32. → Once Upon A Farm: Buy the $1B Growth Story? For the full year 2025, Radware delivered 10% revenue growth to a record $302 million, according to CFO Guy Avidan. Non-GAAP net income for 2025 increased 37% to $51.5 million, and non-GAAP diluted EPS rose 32% to a record $1.15. Management emphasized cloud security as a key driver of performance. Zisapel said cloud ARR rose 23% year over year and 7% sequentially to $95 million in the fourth quarter, adding that growth accelerated from earlier in the year and approached the company’s goal of “nearly $100 million” in cloud ARR by year-end. → Verizon: Your Total Return Leader for 2026 Might Be Hiding in Plain Sight Avidan reported total ARR grew 11% year over year to $251 million, accelerating from 8% growth in the prior quarter, with cloud ARR cited as the “primary catalyst” behind the mix shift. Subscription revenue grew 21%...
Investor releaseQuarter not tagged2026-02-11Radware Q4 Adjusted Earnings, Revenue Rise
MT Newswires
Radware Q4 Adjusted Earnings, Revenue Rise
Radware (RDWR) reported Q4 adjusted earnings Wednesday of $0.32 per diluted share, up from $0.27 a y
Investor releaseQuarter not tagged2026-02-11Radware: Q4 Earnings Snapshot
Associated Press Finance
Radware: Q4 Earnings Snapshot
TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Radware Ltd. (RDWR) on Wednesday reported profit of $6 million in its fourth quarter. On a per-share basis, the Tel Aviv, Israel-based company said it had net income of 13 cents. Earnings, adjusted for one-time gains and costs, were 32 cents per share. The network management software maker posted revenue of $80.2 million in the period. For the year, the company reported profit of $20.3 million, or 45 cents per share. Revenue was reported as $301.9 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RDWR at https://www.zacks.com/ap/RDWR