Q2 2026 Radware Ltd Earnings Call Transcript
Key Points
- Radware Ltd (RDWR) achieved record revenue of $82 million, marking a 11% year-over-year growth and the seventh consecutive quarter of double-digit growth.
- Cloud Annual Recurring Revenue (ARR) exceeded $100 million, driven by strong demand for cloud security services and new API security solutions.
- The company secured significant customer wins, including two leading financial service providers in Asia-Pacific, highlighting the strength of their API security capabilities.
- Radware Ltd (RDWR) introduced the Xploit Shield, a first-to-market solution designed to address AI-driven vulnerability discovery and exploitation, which has received positive market feedback.
- Revenue in the Americas grew 24% year over year, representing 45% of total revenue, indicating strong execution in the region.
- Gross margin decreased slightly to 81.8% from 82.4% in the same quarter last year, impacted by foreign exchange headwinds and supply chain cost pressures.
- Operating income declined to $10.9 million from $11.4 million in the same period last year, primarily due to the strengthening of the Israeli shekel against the US dollar.
- Net income from continued operations decreased by 9% year over year, with diluted earnings per share dropping from $0.32 to $0.30.
- EMEA revenue declined by 2% year over year, representing a challenge in maintaining growth in this region.
- Cash flow from continued operations decreased to $13 million from $15.6 million in the same quarter last year, reflecting a reduction in cash balances following share repurchases.
Ladies and gentlemen, thank you for standing by, and welcome to Radware's second-quarter 2026 earnings call. (Operator Instructions) I must advise you that today's call is being recorded.
I would now like to hand over the call to our first speaker, Yisca Erez, Head of Investor Relations. Yisca, please go ahead.
Thank you, Denise. Good morning, everyone, and welcome to Radware's second-quarter 2026 earnings conference call. Joining me today are Roy Zisapel, President and Chief Executive Officer; and Guy Avidan, Chief Financial Officer.
A copy of today's press release and financial statements, as well as the investor kit for the second quarter, are available in the Investor Relations section of our website. During today's call, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. These forward-looking statements are subject to various risks and uncertainties, and actual results could differ materially from
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