)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Radware
Radware (RDWR) investor relations material
Radware Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Record Q3 revenue of $84.364M, up 12% YoY; total ARR reached $266M, up 11%, while cloud ARR rose 21% to $107M, or 41% of total ARR.
Recurring revenue was 76%; reported financial results were on a continuing-operations basis and excluded SkyHawk.
Robust application-security demand, cloud bookings and large deals supported growth; AI security capabilities are expanding across the platform.
Financial highlights
Revenue was $84.364M versus $75.273M in Q3 2025; gross profit was $68.7M, up 11% YoY.
Non-GAAP gross margin was 81.4%, down 100 bps YoY; non-GAAP operating margin was 14.1%, down 180 bps.
Non-GAAP net income from continuing operations was $13.915M versus $14.825M; diluted EPS was $0.32 versus $0.33. Excluding $4.6M of unfavorable FX impact, net income was $17.8M and EPS was $0.41.
GAAP net income from continuing operations was $4.510M versus $8.233M; GAAP diluted EPS was $0.11 versus $0.19.
Operating cash flow from continuing operations was $15.5M versus cash used of $2.1M in Q3 2025; free cash flow was $12.4M.
Outlook and guidance
Q4 2026 revenue guidance was $88M-$90M; non-GAAP operating expenses were guided to $57M-$58M and non-GAAP diluted EPS to $0.34-$0.35.
Cloud ARR growth target is 25%; strategic plan calls for sustained double-digit growth.
API and AI-related products are expected to contribute to revenue and ARR in 2027, with emerging AI security offerings expected to reach greater scale next year.
Q4 effective tax rate expected at 14%-15%; lower interest rates and reduced cash after buybacks are expected to modestly weigh on finance income through year-end.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Radware
- Q2 2026 revenue up 11% to $82.3M, with 22% cloud ARR growth and robust profitability.RDWR
Q2 2026 - Double-digit growth in cloud ARR and strategic expansion position for $500M ARR by 2030.RDWR21st Annual Needham Technology, Media, & Consumer Conference
- Q1 2026 revenue up 11%, cloud ARR up 23%, and Americas revenue surged 40%.RDWRQ1 2026
- Cloud-first, AI-powered security platform targets 25% cloud ARR CAGR and $500M revenue by 2030.RDWRInvestor Day 2026
- Record 2025 results with 23% cloud ARR growth and strong AI-driven expansion.RDWRQ4 2025
- Q3 2025 revenue up 8% to $75.3M, cloud ARR up 24%, and Americas revenue rose 28%.RDWRQ3 2025
- Q3 revenue up 13% YoY, cloud ARR up 15%, non-GAAP EPS $0.23, and strong cash flow.RDWRQ3 2024
- Q2 revenue rose 3%, cloud ARR up 19%, and non-GAAP EPS doubled to $0.20.RDWRQ2 2024
- Cloud ARR up 19%, revenue $275M, and non-GAAP EPS doubled to $0.87 in 2024.RDWRQ4 2024
Next Radware earnings date
Q4 202610 Feb, 2027
Radware
Next Radware earnings date
Q4 202610 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Radware Ltd. specializes in cyber security and application delivery solutions for cloud, on-premise, and software-defined data centers. The company offers a comprehensive suite of products and services designed to secure digital infrastructure and ensure the optimal delivery of applications to end-users. Key offerings include DefensePro for real-time network attack mitigation, Radware Kubernetes as a Web Application Firewall solution, Cyber Controller for unified management and attack lifecycle, and Alteon for application delivery control and load balancing. Radware's solutions cater to a wide range of industries, including healthcare, financial services, education, SaaS, eCommerce, government, and gaming. The company is headquartered in Tel Aviv, Israel, and its shares are listed on the Nasdaq.