Radware Ltd.: Radware Reports Second Quarter 2026 Financial Results
Radware (NASDAQ: RDWR) reported second-quarter 2026 results for the quarter ended June 30. Revenue rose 11% year over year to $82.3 million. Cloud ARR increased 22% to $103 million. Non-GAAP diluted EPS from continuing operations was $0.30, versus GAAP diluted EPS of -$0.09. Cash and investments totaled $422.9 million.
How this was made
The 30-second read
Why it matters
The key trade question is whether the market rewards recurring cloud momentum (Cloud ARR > $100M) enough to offset weaker GAAP EPS and negative operating cash flow.
Market read
A fresh quarterly earnings release with quantified revenue, Cloud ARR, EPS, and cash flow, plus an earnings call scheduled the same day.
What to watch
Investors may discount non-GAAP EPS strength if cash flow deterioration persists, and should watch whether regional mix (Americas strength, EMEA softness) continues into Q3.
Background
Radware is a cybersecurity and application security and delivery vendor, reporting Q2 2026 results with both GAAP and non-GAAP profitability metrics plus Cloud ARR as a key KPI.
Ticker impact
Radware reported Q2 2026 revenue of $82.3M (+11% YoY) and Cloud ARR of $103M (+22% YoY).
Likely modest post-earnings volatility, with focus on Cloud ARR growth versus cash flow and GAAP profitability.
The article provides multiple hard datapoints (revenue, Cloud ARR, GAAP vs non-GAAP EPS, operating cash flow) but no explicit Q3 guidance numbers, limiting conviction on direction.
Market effects
Signals demand momentum in cloud security and application delivery, potentially read-through for cybersecurity software peers focused on recurring ARR.
Americas growth (+24% YoY) contrasts with flat-to-down EMEA (-2% YoY), suggesting regional execution divergence.
Moderate relevance for the broader application security theme, but not a sector-wide catalyst.
Counterpoint
Cloud ARR growth may not translate into cash generation, given operating cash flow was negative in the quarter.
Key entities
- public_companyRadware
NASDAQ-listed application security and delivery solutions provider reporting Q2 2026 financial results.
