Radware Q2 Revenue Hits Record $82.3M, Cloud ARR Surges 22% to $103M

summarizeSummary

Radware posted record Q2 revenue of $82.3M (+11% YoY) and Cloud ARR of $103M (+22%), while continuing heavy share repurchases. Non-GAAP EPS of $0.30 slightly missed the prior year's $0.32 as the company invests in growth.

check_boxKey Events · Earnings and Guidance · RDWR

• Record Revenue of $82.3M

  Q2 2026 revenue grew 11% YoY to $82.3 million, with Americas revenue surging 24% to $37.2 million. APAC rose 9%, while EMEA dipped 2%.

• Cloud ARR Exceeds $100M

  Cloud annual recurring revenue reached $103 million, up 22% year-over-year, highlighting strong momentum in subscription-based cloud security services.

• Non-GAAP EPS of $0.30

  Non-GAAP diluted EPS from continuing operations was $0.30, compared to $0.32 in Q2 2025. GAAP diluted EPS was $0.09, down from $0.14, impacted by higher stock-based compensation and amortization.

• Aggressive Share Repurchases

  Radware repurchased $18.8 million of shares in Q2 2026, bringing H1 2026 buybacks to $48.2 million. This follows the $80 million repurchase program authorized in March 2026.

auto_awesomeAnalysis · RDWR · Trade & Services

Radware delivered record quarterly revenue of $82.3 million, up 11% year-over-year, driven by 24% growth in the Americas. Cloud ARR crossed the $100 million mark, reaching $103 million — a 22% increase — underscoring the accelerating shift to recurring cloud security revenue. Non-GAAP EPS of $0.30 came in slightly below the prior year's $0.32, reflecting higher R&D and sales investments to capture market share. The company continued aggressive share buybacks, repurchasing $48.2 million in the first half of 2026, signaling management's confidence in the long-term value. With $422.9 million in cash and equivalents, Radware has ample firepower for further buybacks or strategic M&A.