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Radware Ltd (RDWR)
NASDAQ:RDWR
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.27Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive performance with multiple record metrics (revenue, EPS, ARR, RPO) and strong cloud and subscription momentum driven by new product launches (API security, Agentic AI), strategic tuck-in M&A (Pynt), and margin expansion. Key challenges include regional timing issues (Americas and APAC Q4 softness), a meaningful year-over-year decline in full-year operating cash flow, increased near-term OpEx and FX headwinds, and reporting changes tied to the Hawks business that reduce EBITDA transparency. Overall, the positive operating and financial momentum, strong cash position, and product innovation outweigh the near-term operational and reporting headwinds.Company Guidance
Record Revenue and EPS
Q4 revenue grew 10% YoY to $80.0M and full-year 2025 revenue grew 10% YoY to $302M. Q4 non-GAAP diluted EPS increased 19% YoY to $0.32 and full-year diluted EPS rose 32% YoY to $1.15 — both record highs.
Cloud ARR Growth and Momentum
Cloud ARR increased 23% YoY and 7% sequentially to $95M in Q4, approaching the company target of nearly $100M and driving ARR acceleration to 11% YoY (total ARR $251M).
Subscription Revenue Acceleration
Subscription revenue surged 21% YoY in 2025 (sharp acceleration from 12% in 2024), driven by strong product subscription demand and DefensePro X cycles and competitive displacements.
Strong Bookings and RPO Expansion
RPO reached a record $400M, up nearly $50M and 13% YoY, reflecting exceptional booking performance and improving deal visibility entering 2026.
Profitability and EBITDA Improvement
Gross margin was healthy at 82.2% in Q4. Operating margin expanded by 240 bps in Q4 and 330 bps for the full year. Adjusted EBITDA increased 25% YoY in Q4 to $13.7M and full-year adjusted EBITDA rose 37% YoY to $47.4M; excluding Hawks, 2025 adjusted EBITDA was $58.8M (19.5% margin).
Cash Strength and Capital Allocation
Ended the quarter with approximately $461M in cash, cash equivalents, bank deposits and marketable securities; repurchased ~$10.5M of shares in Q4, providing flexibility for investments and M&A.
Product and Technology Leadership
Launched Radware API Security service and acquired Pynt Security to deliver full lifecycle API security (testing, discovery, posture, runtime). Also released Agentic AI Protection Solution targeting AI agent risks and expanded cloud mitigation capacity toward 30 Tb to address rising attack volumes.
Regional Strength in EMEA and FY APAC Growth
EMEA Q4 revenue grew 38% YoY to $32M and full-year EMEA revenue grew 18% to $111M. APAC full-year revenue grew 5% YoY to $66M despite a slight Q4 dip.
RDWR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RDWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $26.28 | $27.71 | +5.44% |
Oct 29, 2025 | $26.62 | $25.99 | -2.37% |
Jul 30, 2025 | $28.33 | $26.69 | -5.79% |
May 07, 2025 | $22.76 | $22.42 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Radware Ltd (RDWR) report earnings?
Radware Ltd (RDWR) is schdueled to report earning on May 06, 2026, TBA (Confirmed).
What is Radware Ltd (RDWR) earnings time?
Radware Ltd (RDWR) earnings time is at May 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDWR EPS forecast?
RDWR EPS forecast for the fiscal quarter 2026 (Q1) is 0.28.