Radware Ltd. (RDWR) Earnings
Radware Ltd. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.28. RDWR has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise +4.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.27 | $0.30 | +9.1% | $80M | +1.4% |
| Feb 11, 2026 | $0.30 | $0.32 | +6.3% | $80M | +2.0% |
| Oct 29, 2025 | $0.30 | $0.28 | -7.0% | $75M | -4.2% |
| Jul 30, 2025 | $0.26 | $0.28 | +7.7% | $74M | -0.6% |
| Feb 12, 2025 | $0.24 | $0.27 | +12.5% | $73M | +2.3% |
| Oct 31, 2024 | $0.20 | $0.23 | +15.0% | $69M | -2.9% |
| Jul 31, 2024 | $0.17 | $0.20 | +17.6% | $67M | +1.9% |
| Feb 7, 2024 | $0.13 | $0.13 | +0.0% | $65M | +1.4% |
| Nov 1, 2023 | $0.08 | $0.07 | -12.5% | $62M | -0.7% |
| Aug 2, 2023 | $0.14 | $0.10 | -28.6% | $66M | -5.0% |
| May 3, 2023 | $0.14 | $0.14 | +0.0% | $69M | -2.6% |
| Feb 8, 2023 | $0.18 | $0.17 | -5.6% | $74M | +0.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- 2026 started with solid execution across the business. Delivered double-digit revenue growth, with cloud security driving growth as cloud ARR grew 23% year over year. - Highlighted cloud security deals like with a large government institution in Latin America and a global fintech company. - Outlined four major waves of disruption in cybersecurity market: DDoS, application security, API protection, and agentic AI security. - API security is a fast-growing area with strong customer traction. - AI is a catalyst and differentiator for the platform, with agentic AI protection introduced. - North America execution is a key priority with Americas revenue growing 40% year-over-year. - MSSP business is accelerating globally, and partnership with Chief Telecom from Taiwan was announced. - On-premise DDoS protection solution Defense Pro X had an outstanding quarter with large-scale refresh and expansion deals.
Guidance
- Expect total revenue for the second quarter of 2026 to be in the range of $81 million to $82 million. - Expect Q2 2026 non-GAAP operating expenses to be between $56 million to $57 million. - Expect Q2 2026 non-GAAP diluted net earnings per share to be between 28 cents to 29 cents. - Strengthening of the Israeli shekel will impact operating expenses and EPS over the course of the year.
Segment performance
In the first quarter, revenue grew 11% year-over-year to $80 million. Cloud ARR grew 23% year over year in the quarter, reaching $98 million and accounting for 39% of total ARR. The Americas region saw revenue increase 40% year-over-year to $38.4 million, representing nearly 50% of total revenue. EMEA revenue in the first quarter was $25.1 million, a decrease of 11% year-over-year. APAC first quarter revenue was $16.3 million, the same as the first quarter last year.
Risks & headwinds
- Impacts from changing or severe global economic conditions, general business conditions, and ability to address changes in the industry. - Changes in demand for product, timing and amount of orders. - Supply chain pressure primarily driven by higher memory component costs, which may persist in the near term.
Analyst Q&A
Q: Joe Gallow from Jefferies asked about total ARR performance and memory-related costs pricing and buying behavior.
A: Explained that ARR trends are due to contract expirations and churn, expect strong cloud growth, raised prices for some hardware platforms affected by memory, no major change in buying behavior yet.
Q: Jeffrey Hobson from Needham asked about new go-to-market strategy transition and API and AI product contributions.
A: Stated North America transition showed strong growth, API security has strong traction in Q1, AI POCs increasing with hope for ramp soon