Radware (NASDAQ:RDWR) Issues Earnings Results

Posted by Geri Gentry on Jul 31st, 2026

Radware (NASDAQ:RDWR – Get Free Report) issued its earnings results on Wednesday. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02, FiscalAI reports. Radware had a net margin of 5.34% and a return on equity of 7.36%. The company had revenue of $82.28 million for the quarter, compared to analyst estimates of $81.49 million. During the same quarter last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Radware updated its Q3 2026 guidance to 0.280-0.290 EPS.

Here are the key takeaways from Radware’s conference call:

Record revenue and cloud growth: Q2 revenue rose 11% year over year to $82.3 million, while cloud ARR increased 22% and surpassed $100 million. Subscription revenue represented 55% of total revenue, supporting Radware’s recurring-revenue strategy.
Growing demand for the security platform: API Security, Exploit Shield, and AI-related offerings are generating customer wins, proof-of-concepts, and pipeline opportunities. Management said cloud-security pipeline growth is outpacing ARR growth, with increasing customer interest in consolidating application, API, and infrastructure protection.
Regional and on-premise momentum: Americas revenue grew 24% year over year, and management reported early improvement in Asia-Pacific following go-to-market investments. DefensePro X also benefited from an ongoing infrastructure refresh cycle, including a seven-digit global customer deal.
Currency and cost pressures weighed on profitability: Gross margin declined to 81.8% from 82.4%, while reported operating income fell to $10.9 million and diluted EPS declined to $0.30, primarily due to Israeli shekel appreciation. Radware expects lower financial income to remain a modest headwind in the second half of 2026.
Third-quarter outlook: Management forecast revenue of $82.5 million to $83.5 million, non-GAAP operating expenses of $57 million to $58 million, and diluted EPS of $0.28 to $0.29. The company ended the quarter with $422.9 million in cash, equivalents, deposits, and marketable securities after repurchasing approximately $18.8 million of stock.

Radware Price Performance

Shares of Radware stock traded up $0.54 during trading on Friday, hitting $25.47. 28,474 shares of the company were exchanged, compared to its average volume of 259,138. The firm has a market capitalization of $1.07 billion, a P/E ratio of 66.79 and a beta of 0.84. Radware has a 1-year low of $21.68 and a 1-year high of $32.79. The firm’s fifty day moving average price is $29.25 and its 200 day moving average price is $26.91.

Insider Transactions at Radware

In related news, insider Rivkah Goldriech sold 1,375 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $29.50, for a total transaction of $40,562.50. Following the completion of the transaction, the insider owned 60,741 shares in the company, valued at approximately $1,791,859.50. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gabriel Malka sold 3,111 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the transaction, the chief operating officer owned 61,422 shares of the company’s stock, valued at approximately $1,781,238. This represents a 4.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,236 shares of company stock valued at $154,782. 21.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Radware

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its position in Radware by 28.9% during the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock worth $63,108,000 after acquiring an additional 588,064 shares in the last quarter. First Trust Advisors LP grew its position in shares of Radware by 28.7% in the 4th quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock valued at $37,638,000 after acquiring an additional 348,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Radware by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,538,854 shares of the information technology services provider’s stock valued at $40,769,000 after acquiring an additional 24,363 shares during the period. State Street Corp grew its position in shares of Radware by 1.8% in the 4th quarter. State Street Corp now owns 458,941 shares of the information technology services provider’s stock valued at $11,056,000 after acquiring an additional 8,199 shares during the period. Finally, Man Group plc increased its stake in shares of Radware by 59.5% during the 3rd quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock worth $11,445,000 after purchasing an additional 161,159 shares during the last quarter. 73.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

RDWR has been the topic of several analyst reports. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Thursday, May 7th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $25.00.

Check Out Our Latest Research Report on Radware

Radware Company Profile

(Get Free Report)

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.