Radware Reports Third Quarter 2026 Financial Results

What happened

Radware reported record third quarter 2026 revenue of $84.4 million, up 12% year-over-year. Cloud annual recurring revenue, which means yearly subscription revenue, reached $107 million, up 21%. Non-GAAP diluted EPS from continuing operations was $0.32, and cash flow from continuing operations was $15.5 million.

Confirmed

Global impact / market context

Faster cloud subscription growth means more of Radware's revenue becomes recurring, which can make future sales steadier. Rising cloud bookings and large deal activity suggest customers are spending more on application security, supporting revenue visibility while the company adds AI security features to its platform.

Analyst inference

The results show security software demand holding up, with cloud annual recurring revenue, which means yearly subscription revenue, growing faster than total revenue. That mix shift can support higher profit per sale over time, while cash from operations gives the company money to fund product development without relying on borrowed money.

Analyst inference

What to watch

1. Watch whether cloud annual recurring revenue, which means yearly subscription revenue, keeps growing near 21% as it expands from $107 million, since faster growth there would lift the share of recurring revenue. Confirmed
2. Watch for more detail on cloud bookings and large deal activity, which the company highlighted, to see whether customer demand for application security and new AI security features turns into signed contracts. Proposed
3. Watch cash flow from continuing operations of $15.5 million and profit per sale trends, since weaker conversion of revenue into cash or lower margins could offset the benefit of record revenue growth. Analyst inference

Evidence

• globenewswire.com