Radware Earnings Call Transcripts
Fiscal Year 2026
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A cloud-first security provider is accelerating growth through AI and API innovation, expanding its platform and market reach via MSSPs and OEMs. With strong recurring revenue, new AI-driven modules, and leadership in agentic security, it targets $500M revenue by 2030.
Fiscal Year 2025
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Record revenue and earnings growth in 2025 driven by cloud and defense products, with strong momentum in cloud ARR and major product innovation in AI and API security. Guidance for Q1 2026 reflects continued investment and robust demand.
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Q3 2025 saw 8% revenue growth to $75.3M, with cloud security ARR up 24% and non-GAAP EPS up 22%. North America led with 28% growth, while EMEA declined. Guidance for Q4 projects continued revenue and EPS growth, with a return to positive cash flow expected.
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Q2 2025 saw 10% revenue growth and 39% higher EPS, driven by strong cloud security momentum and major wins across regions. Cloud ARR accelerated to 21% growth, with continued investment in AI and sales expansion supporting future targets.
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Q1 2025 saw 11% revenue growth, 69% higher EPS, and strong cloud ARR gains, with robust performance across all regions and continued investment in cloud security and AI. Guidance for Q2 projects further revenue and EPS growth.
Fiscal Year 2024
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Q4 and full year 2024 results exceeded guidance, driven by strong cloud security and OEM growth. Cloud ARR rose 19%, net income and EPS doubled, and cash flow from operations surged. 2025 guidance targets continued revenue and cloud ARR growth.
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Q3 2024 saw 13% year-over-year revenue growth, record cloud ARR, and a tripling of net income, driven by strong cloud security and subscription momentum. EMEA led regional growth, while investments in R&D and go-to-market are set to continue.
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Q2 2024 revenue and EPS exceeded guidance, driven by 19% cloud ARR growth and strong DefensePro X momentum. Net income and EBITDA doubled year-over-year, with robust cash flow and continued investment in AI-powered security and global cloud expansion.